Pharmaceutical Grade Silica Gel Market Outlook | Growth Prospects & Opportunities| Forecast To 2025

 The global Pharmaceutical Grade Silica Gel Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. 

Market Overview: 

The market size of global pharmaceutical grade silica gel was valued at USD 40.8 million in the year 2015 and is anticipated to experience a substantial growth over the analysis period. The market will be driven by the increasing demand from major application industries such as drug carrier, desiccants, and adsorbent. 

Key Players:

• Clariant International Ltd.
• Evonik Industries
• R. Grace & Co.-Conn.
• Solvay S.A.
• The Dow Chemical Company
• I. du Pont de Nemours and Company
• Multisorb Technologies, Inc. 

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Growth Drivers: 

The industry is segmented into adsorbent, the drug carrier, glidant, desiccant and other excipients. The application segment of drug carrier is additionally divided into liquid drugs and scarcely soluble drugs. The silica gel protects antibiotic formulations from moisture and improves the storage stability and shelf life. The growth of the pharmaceutical sector is expected to remain a significant contributing factor over the forecast period. 

The desiccants dominated the global market. Major players are planning to improve their operating efficiencies, which would result in increasing the demand for the product. Packaging has been a crucial factor defining the quality of the drug, which is confirmed by the application of desiccants canisters. 

Application Outlook: 

• Desiccant
  • Scarcely soluble drugs
  • Liquid drugs
• Drug carrier
• Adsorbent
• Glidant
• Other excipients 

Regional Insights: 

In terms of the global volume share, Asia Pacific held 45.10%, followed by North America. Asia Pacific is also expected to witness the fastest growth on account of its increasing demand from the pharma industry for the purpose of protective packaging in the form of packets/bags, canisters and desiccants. In addition, abundant availability of sulfuric acid in the region is anticipated to boost the product demand in the near future. 

The improving penetration of pharmaceutical excipients and ingredients in the biotech companies and specialty medicines has caused the cumulative progress over the recent past. Moreover, rising disposable incomes and developing healthcare infrastructure are also enhancing the expansion of the pharmaceutical industry in the region, particularly in India and China. 

The leading firms are investing aggressively in order to increase their market share. The pharmaceutical sector in China has witnessed abundant investments in the recent years. The sales of drugs were estimated at over 5 billion in the year 2015. These factors are anticipated to drive the growth over the forecast period. 

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