+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
Global Pharmaceutical Desiccants Market Size was valued at USD 1.4 Billion in 2022. The Pharmaceutical Desiccants market industry is projected to grow from USD 1.4 Billion in 2023 to USD 1.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.88% during the forecast period (2023 - 2032). An aging population worldwide, a burgeoning pharmaceutical industry, and growth in the packaging industry, are the key market drivers enhancing the market growth.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Due to the increased production of pharmaceuticals, manufacturers are required to use pharmaceutical desiccant in line with their requirements, which is growing this industry. One of the primary factors influencing this market is the aging population around the world, which leads to an increase in illnesses and a rise in demand for medical conveniences. Pharmaceutical desiccant is anticipated to match this demand from the above-targeted sector's manufacturing sector and to grow in popularity over the next years. Due to the pharmaceutical division's rising income and state-of-the-art facilities, which will assist the global pharmaceutical desiccant market throughout the predicted period, vendors are investing in the market. The demand for packaging in the aforementioned industries is being driven up by the consumption of tablets, pharmaceutical active components, nutraceuticals, and pharmaceutical kits since it protects and maintains moisture levels as needed for the product throughout transportation.
The companies want to increase operating efficiency, which will eventually lead to a rise in demand for silica gel of the pharmaceutical grade. Desiccants canisters are used to ensure package quality, which historically has been a key factor in determining the quality of drugs. These containers are in charge of protecting and preserving the potency of a medicine. Canisters are used for the rapid insertion into the table bottles. Desiccant sachets include silica gel, a crucial ingredient that absorbs moisture and guards against injury of any kind.
Global endeavors to provide drugs to customers more safely are expected to drive market expansion. In addition, it is predicted that the market will expand faster than average over the course of the projection period as a result of the booming pharmaceutical industry and rising public and private R&D spending. Pharmaceutical desiccants are employed as drying agents for industrial liquids and gases as well as for filtration, treatment, and moisture removal. They are a popular solution for pharmaceutical and industrial makers due to this increase of utilization. Some of them can also be used to cure other pharmaceutical desiccants so they can be used again by releasing trapped H2O molecules from a completely saturated silica gel glob. Other factors, such as growing patient populations and expanding healthcare infrastructures, are likely to further fuel market growth throughout the projected timeframe.
Due to the increased frequency of chronic diseases and rising healthcare spending among the existing population, it is anticipated that the market for pharmaceutical desiccants would grow rapidly over the course of the projected period. According to OECD calculations, the average global health expenditure per person in 2017 was 3992 USD in terms of purchasing power parities, and this expenditure has been increasing over the previous ten years. The increase in personal healthcare spending driven on by increased disposable income is predicted to significantly increase market revenue throughout the projection period. The market will grow as a result of the present population's increased purchasing power, an increase in the world's older population, and an increase in the incidence of minor and chronic diseases. Thus, driving the Pharmaceutical Desiccants market revenue.
The global Pharmaceutical Desiccants market segmentation, based on Type, includes silica gel, activated, carbonclay, and molecular sieves. The market for silica gel was the largest in 2022. Silica gel is frequently utilized in delicate goods, meals, and medications since it is naturally non-flammable and non-toxic. One of its primary growth factors is this. In comparison to other commercial desiccants, silica gel has the highest moisture adsorption capacity, which gives it the ability to absorb large moisture concentrations.
The global Pharmaceutical Desiccants market segmentation, based on End Use, includes tablets, API's, carbonclay desiccant, and molecular sieves. The tablet market held the largest proportion in 2022. This is attributable to an increase in demand from pharmaceutical makers since desiccant are used to remove moisture from pharmaceutical packaging.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The Asia Pacific Pharmaceutical Desiccants market, dominated this market in 2022 (45.80%). The primary factors driving market expansion in the region are China's increased output of pharmaceutical desiccant and its plants' higher rate of product utilization when compared to plants in developed countries. The high-value Chinese pharmaceutical desiccant will soon include matting agents for plastics, paints, catalysts, and other anti-adhesives. Moreover, In the Asia-Pacific region, the Indian Pharmaceutical Desiccants market had the quickest rate of growth while China's Pharmaceutical Desiccants market had the greatest market share.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Download Free Sample to learn more about this report
Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The North American pharmaceutical Desiccants Market is expected to register fastest growth from 2023 to 2032. The US FDA is one of the best regulatory bodies in the world. Product approvals proceed swiftly, taking on average 13 months. On the other hand, the pharmaceutical desiccant industry benefits substantially from the country's free pricing regime. The market is also being expanded by the region's robust pharmaceutical manufacturing base, which is a result of favorable government regulations and large R&D expenditure. Further, In the North American area, the U.S. Pharmaceutical Desiccants market had the biggest market share, while the Canada Pharmaceutical Desiccants market had the quickest rate of expansion.
Europe Pharmaceutical Desiccants market accounts for the significant market share. The expansion of the market for pharmaceutical desiccants has an impact on the pharmaceutical industry's rising growth in the European region. The tremendous expansion of the pharmaceutical sector has primarily been caused by increased disposable incomes and economic gains. The population's access to and cost of medications should grow with an increase in income levels, particularly for those in lower economic strata, and government measures to offer basic healthcare facilities. Further, In the European region, the German Pharmaceutical Desiccants market had the biggest market share, and the U.K. Pharmaceutical Desiccants market had the quickest rate of growth.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Pharmaceutical Desiccants market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Pharmaceutical Desiccants sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Pharmaceutical Desiccants industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Pharmaceutical Desiccants sector. Major players in the Pharmaceutical Desiccants market, including DuPont de Nemours Inc, Filtration Group Corporation, Sanner GMBH, Clariant, Capitol Scientific Inc., Desiccare Inc., W. R. Grace & Co., Desican Inc., and Oker-Chemie GmbH, are attempting to increase market demand by investing in research and development operations.
DuPont de Nemours Inc (DuPont), formerly known as DowDuPont Inc., is a company that provides technology-based products and solutions. It addresses both the front and back ends of the manufacturing process by offering materials and printing systems to the advanced printing industry as well as materials and solutions for the fabrication of integrated circuits and semiconductors. The company's product line includes resins, adhesives, advanced printing solutions, animal nutrition, building supplies, biomaterials, electrical solutions, textiles, fibers & nonwovens, food & beverage ingredients, industrial films, and other items. Among the industries it helps are those in the automobile, building and construction, energy, electronics, food and beverage, textile, aerospace, medicine, personal care, and packaging and printing. DuPont is based in Wilmington, Delaware, a city in the United States. Du Pont de Nemours and Company and Filtration Group Corporation introduced cutting-edge materials and technologies to boost their market value in 2022.
CSP Technologies, Inc. manufactures packaging goods. The business produces consumer packaging using a variety of package styles, including dessicant, blister, solid dose, and others, as well as high-end, distinctive product protection solutions. CSP Technologies serves a global clientele. CSP Technologies, Inc. and W.R. Grace & Co. invested in R&D to bring cutting-edge desiccants to market in 2022.
· DuPont de Nemours Inc
· Filtration Group Corporation
· Sanner GMBH
· Clariant
· Capitol Scientific Inc.
· Desiccare Inc.
· W. R. Grace & Co.
· Desican Inc.
· Oker-Chemie GmbH
February 2020: The government's promise of 2.1% GDP to the healthcare sector makes it difficult for the pharmaceutical industry to reach people who are below the poverty line. The pharmaceutical industry is projected to adopt market-based pricing that is accessible to people from all socioeconomic backgrounds rather than adopting cost-based pricing to achieve market objectives.
· Silica Gel
· Activated
· Carbonclay
· Molecular Sieves
· Tablets
· API's
· Carbonclay Desiccant
· Molecular Sieves
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 1.4 Billion |
|
Market Size 2023 |
USD 1.4 Billion |
|
Market Size 2032 |
USD 1.8 Billion |
|
Compound Annual Growth Rate (CAGR) |
4.88% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type, End Use, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
DuPont de Nemours Inc, Filtration Group Corporation, Sanner GMBH, Clariant, Capitol Scientific Inc., Desiccare Inc., W. R. Grace & Co., Desican Inc., and Oker-Chemie GmbH |
|
Key Market Opportunities |
Increasing demand for pharmaceutical dessicants across emerging economies |
|
Key Market Dynamics |
Growing geriatric population across the globe, expanding pharmaceutical industry, and growth of the packaging industry |
The global Pharmaceutical Desiccants market size was valued at USD 1.4 Billion in 2022.
The global market is projected to grow at a CAGR of 4.88% during the forecast period, 2023-2032.
Asia Pacific had the largest share in the global market
The key players in the market are Far Eastern New Century Corporation, Lotte Fine Chemical Co. Ltd., Jiangsu Tories biomaterials co. Ltd., BASF SE, SK Chemicals, Jinhui Zhaolong High Technology, Novamont SpA., WILLEAP, and Eastman Chemical Company
The Silica Gel Type dominated the market in 2022.
The tablets End Use had the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65321
Published on :
Sep 2023
Request a Free Sample Report
Speak to Analyst