Increasing Governmental Initiatives Is Influencing The Global Pharmaceutical Desiccant Market During 2019-2027

Triton Market Research presents the Global Pharmaceutical Desiccant Market report segmented by Type (Silica Gel, Activated Alumina, Carbon Clay Desiccant, Molecular Sieves, Other Types), by End user (Tablets, API’s, Capsules, Nutraceutical Product Packaging, Diagnostic Kit), by Geographical Region (North America, Europe, Asia Pacific and Rest of World), discussing Industry Value Chain Analysis, Porter's Five Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2019-2027).

Pharmaceutical material relies on the desiccants mainly for maintaining strict control over quality assurance and performance criteria of their products. Desiccants can absorb and retain water vapor. They are solids with a network of interconnected pores where water molecules can adhere on the large internal surface. The pharmaceutical industry commonly employs the pharmaceutical desiccants like silica gel and molecular sieve. They help in maintaining the quality, strength and purity of medical drugs for a longer period. The growth of the global market can be reasoned to the continuous development of the pharmaceutical industry, enlarging ageing population and the increasing numbers of initiatives taken by the various government for ensuring drug quality. Therefore, according to Triton Market Research report, the global pharmaceutical desiccant market will propagate at a compound annual growth rate of 4.67% through the forecast period.

The naturally occurring mineral, silica gel or silicon dioxide, undergoes regulated purification and gets processed into granular or beaded form to function as desiccants. They are non-toxic, non-flammable and safe to use to safeguard foods, sensitive materials and medicines. They find a variety of application in the commercial, industrial and household arena and is accessible in various forms and product types due to which they are one of the cheapest and readily available moisture-absorbents in the global market.

The growing shale gas extraction in the US, the strong pharmaceutical manufacturing base in North America, supportive government regulations and high R&D outlay bode promising growth for the pharmaceutical desiccant market in the region, which will help North America to be the leading market in the global scenario by the end of the forecasting years. The regional market will have extensive penetration in the oil and gas, petrochemical, and pharmaceutical industries which will further propel market growth.

The global pharmaceutical desiccant market has its foremost corporations such as Sanner GmbH, Proflute AB, Munters AB, Desiccare, Inc., CSP Technologies, Inc., Rotor Source, Inc., Oker-Chemie Gmbh, Multisorb Technologies, Capitol Scientific, Inc., Du Pont De Nemours And Company, R. Grace & Co. and Clariant Global operating in majority of the countries to reap more profits.