Global Pharmaceutical Grade Desiccants Market Size By Type (Silica Gel, Activated Alumina), By End Use (Packaging, Food), By Geographic Scope And Forecast

Pharmaceutical Grade Desiccants Market Size And Forecast

Pharmaceutical Grade Desiccants Market size is growing at a good pace over the last few years and is expected to grow at a CAGR of 5.4% over the forecasted period i.e 2023 to 2030.

We're seeing the Pharmaceutical Grade Desiccants Market grow thanks to the increasing need for desiccants in everything from packaging to everyday consumer goods. However, the high costs associated with setting up the necessary machinery is holding things back. You see, when it costs more to get the machines going, it makes the desiccants themselves more expensive, which could ultimately impact the price for the consumer. That's putting a damper on how quickly the market can expand. If you're looking for a deep dive, the Global Pharmaceutical Grade Desiccants Market report gives you the full picture. It breaks down the key areas, looks at what's driving and holding things back, examines the competition, and considers all the major factors at play.

Global Pharmaceutical Grade Desiccants Market Definition

Because of the damp environment, moisture absorbs into medicines such as tablets, powder, and capsules, causing a breakdown that produces salicylic acid and acetic acid, as well as a stinky stench. Silica gel is an amorphous type of silicon dioxide that comes in the shape of beads or granules and is made from sodium silicate. In comparison to other adsorbents, molecular architectures create large surface areas for moisture adsorption. Oil and gas, electronics, pharmaceuticals, paints and coatings, and agrochemicals are just a few of the industries that use Pharmaceutical Grade Desiccants.

Pharmaceutical Grade Desiccants is used in a wide range of applications in the oil and gas industry, with BTX extraction, butadiene recovery, and lubricating oil purification being the most common. The term “oil and gas” refers to the petrochemical industry, wherein Pharmaceutical Grade Desiccants is generally used in downstream operations or refining processes. In the future years, downstream oil and gas operations are likely to grow. The sol-gel process is commonly used to create Pharmaceutical Grade Desiccants.

In the wet procedure, mineral acid and sodium silicate are used to establish a reaction for monomeric silicic acid. In a gel state along with a refractive index of 1.46, these particles create a 3D structure. Pharmaceutical Grade Desiccants is primarily employed as a solvent in drug delivery systems, since it is a very potent solubilizing agent, as well as a penetration enhancer, in the pharmaceutical industry. When human Pharmaceutical Grade Desiccants comes into touch with human Pharmaceutical Grade Desiccants, there are a few limitations. The limits are primarily focused on cutaneous and oral silica gel exposure.

This is intended to serve as a market constraint. Because no identical substitute for Pharmaceutical Grade Desiccants is available, these regulatory constraints are projected to have a minor influence on the Pharmaceutical Grade Desiccants Market. Key players in the pharma, across the value chain in the Pharmaceutical Grade Desiccants Market have a global presence. Companies are putting a greater emphasis on capacity expansion through in-house research and development or forward-backward integration.

Global Pharmaceutical Grade Desiccants Market Overview

The pharmaceutical boom has really ramped up drug production, and guess what? That means we're seeing a lot more silica gel being used these days. And because silica gel is super handy for chromatography, experts think the demand is only going to keep climbing. In the pharmaceutical world, they often use silica gel column chromatography to grab or separate out different parts of a medication. Plus, with everyone wanting better data and more automation, we're seeing fancy software popping up in modern chromatography setups. All these cool tech upgrades – things like updated systems, new and disposable columns, high-performing resins, and other accessories – are likely to help the market grow quite a bit. Oh, and speaking of cool things, there's also encapsulation, which is basically like wrapping up tissues or biologically active stuff in a semipermeable membrane to protect biological structures like cells, enzymes, medicines, and even magnetic materials, among other things.

The global Pharmaceutical Grade Desiccants Market is expected to grow, fueled by ongoing research and development in silica gel-based methods, especially chromatography from the biotech sector. Chromatography is always evolving, and the increasing need for chromatography tools & reagents in research and development is a big reason for the growth and demand in the Pharmaceutical Grade Desiccants Market. Pharmaceutical Grade Desiccants are essentially made from silicon dioxide. Luckily, the raw materials needed are abundant, and we can easily synthesize them. Plus, the companies making these desiccants have formed strong partnerships with suppliers who provide them with high-quality raw materials to keep the silica gel flowing.

Think of the FDA, the folks who make sure our food and drugs are safe in the US. They're a big deal! They use these things called USP drug standards, and get this, over 140 countries use them too! Now, India's got its own rules in its 1948 Pharmacy Act - pretty old, right? It says pharmacists and chemists have to jump through hoops to get certified. All these strict rules can be a real pain for the global Pharmaceutical Grade Desiccants Market. Turns out, some chemicals don't play nice with silica, which messes with how well things work and the peak shape. So, companies are looking for other options. It's like saying, "There has to be a better way!"

So, you're seeing all sorts of new stationary phases popping up, like those non-silica ones designed to deal with pesky silanols by either reducing them or shielding them away. And you know, governments everywhere spend a ton of their healthcare money on meds. In countries that are still developing, there's a real push to make sure people get good, effective medicines – no cutting corners. Now, if you're working with volatile stuff and using silica gel, you have to keep the temperature down. Otherwise, your compound will just vaporize and disappear before the silica gel can do its job. That's why silica gel is mainly for non-volatile things, which, honestly, can slow down the whole Pharmaceutical Grade Desiccants Market.

Global Pharmaceutical Grade Desiccants Market Segmentation Analysis

The Global Pharmaceutical Grade Desiccants Market is segmented on the basis of Type, End Use, And Geography.

Pharmaceutical Grade Desiccants Market, By Type

• Silica Gel
• Activated Alumina
• Activated Charcoal
• Zeolite
• Calcium Chloride
• Clay
• Others

Based on Type, The market is segmented into Silica Gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride, Clay, and Others. During the forecast period, The silica gel sector is predicted to increase at a rapid pace of CAGR, while the activated alumina segment is expected to grow at the highest rate. In end-use sectors such as electronics, pharmaceuticals, and packaging, silica gel is widely used.

Pharmaceutical Grade Desiccants Market, By End Use

• Packaging
• Food
• Pharmaceutical
• Electronics
• Others

Based on End Use, The market is segmented into Packaging, Food, Pharmaceutical, Electronics, and Others. The food business had the highest share, while pharmaceuticals were the fastest expanding segment, growing at a rapid rate over the anticipated period. This is due to an increase in demand from pharmaceutical manufacturers, who employ desiccants to eliminate moisture from pharmaceutical packaging.

Pharmaceutical Grade Desiccants Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Pharmaceutical Grade Desiccants Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In terms of production and consumption, the Asia Pacific region, particularly China, dominates the worldwide Pharmaceutical Grade Desiccants Market. The APAC region is seeing substantial growth in the electronics, chemical, and pharmaceutical industries, which is projected to fuel the growth of the Pharmaceutical Grade Desiccants Market throughout the forecast period.

Over the projected period, the APAC Pharmaceutical Grade Desiccants Market is projected to expand at a healthy rate. The second biggest market for desiccants is predicted to be North America, followed by Europe. Over the forecast period, rising demand for desiccants in the packaging industry, as well as in consumer products, is likely to propel the Pharmaceutical Grade Desiccants Market forward.

Key Players

The “Global Pharmaceutical Grade Desiccants Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are EI du Pont de Numours and Co, The Dow Chemical Company, Solvay SA, WR Grace and Co, Evonik Industries, Clariant International Ltd, Multisorb Technologies, Desiccare Inc, Fuji Silysia Chemical, and Sorbead India. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Development

• In August 2020, Porocel is purchased by Evonik for $210 million. This was a calculated move to broaden Evonik Industries’ range and assist them in expanding their operations. To boost the expansion of its catalysts business, Evonik is buying the Porocel Group for US$210 million. Porocel, based in Houston, Texas, offers a technique for very effective desulfurization catalyst renewal, which is in high demand to generate low-sulfur fuel. When compared to the creation of new desulfurization catalysts, rejuvenation cuts carbon dioxide emissions by more than half. Porocel also has the accessible production capacity, allowing Evonik to accelerate the expansion of its fixed-bed catalyst business.
•  In December 2019, Desalitech Ltd. was bought by DuPont. This acquisition will support the company’s strategic goal of providing a diverse portfolio of technology. Desalitech Ltd., a closed circuit reverse osmosis (CCRO) startup, has reached an agreement to be acquired by DuPont (NYSEDD). Subject to customary closing conditions and regulatory clearances, the acquisition is scheduled to close in January 2020. The agreement’s financial specifics were not disclosed.

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