North America Pharmaceutical Desiccant Market Forecast 2018-2026
The pharmaceutical desiccant market in North America region is projected to grow at a CAGR of 4.37% throughout the forecast period 2018-2026. The pharmaceutical desiccant is required in pharmaceutical packaging to protect medicines from moisture and other impurities. Growth in the geriatric population is one of the key reason for the augmenting demand of the pharmaceutical desiccant in the region.
North America is the leader in the global pharmaceutical desiccant market. It holds the largest share in the year 2017. Type and end-user are the major segments of the market. The market is finding its application in pharmaceutical, oil and gas, petrochemical industries which is also the major reason for the growing revenue of the market in the region. Moreover, the continuous rise in the aging population and the numerous initiatives undertaken by the government to ensure the quality of drugs has uplifting the market value in the region.
The noted players in North America are Desiccare, Inc., Multisorb Technologies, W. R. Grace & Co., Munters Ab, Capitol Scientific, Inc., E. I. Du Pont De Nemours And Company, Sanner Gmbh, Proflute AB, Clariant, CSP Technologies, Inc., Rotor Source, Inc., and Oker-Chemie Gmbh.