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Pharmaceutical Grade Silica Gel Market Overview | Size, Share &Future Trends | Forecast To 2028

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Rahul Sharma
Pharmaceutical Grade Silica Gel Market Overview | Size, Share &Future Trends | Forecast To 2028

Million Insights Market Research Released A New Research Report On Global Pharmaceutical Grade Silica Gel Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.

 

Pune, India: Oct. 28, 2019 - Pharmaceutical Grade Silica Gel Market 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.

The desiccants are used to preserve and adsorb the water vapors in the formulation of a drug. The existence of excess moisture may harm the efficiency of the drug. Major pharmaceutical firms are adopting the on-going industry trends and are attaining economies of scale through utilization of cost reduction methods. The global market for desiccants is expected to be driven by the growth of biotech companies.

To Get Sample Report visit @ https://www.millioninsights.com/industry-reports/pharmaceutical-grade-silica-gel-market/request-sample

The superior absorption ability at relatively high humidity has been a key factor for its usage in desiccants sachets. The constantly climbing sodium silicate prices owing to the rising energy and transportation costs are anticipated to adversely affect the specialty silica market, which will eventually impact the pharmaceutical grade silica gel market.

Application Insights

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 product is widely used in the application segment of desiccants on account of its ability to exhibit a comparatively lower vapor pressure than the ambient pressure. The desiccant substance is a hygroscopic element that withstands the state of dryness in the formulation of the drug. The performance varies with relative & absolute humidity and temperature, and its usage is defined after examining the condition in which it is being used.

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.

To Browse Complete Report visit @ https://www.millioninsights.com/industry-reports/pharmaceutical-grade-silica-gel-market

Market Segment:

 

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)

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

 

Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)

  • North America
  • U.S.
  • Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Central & South America
  • Middle East & Africa

 

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Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: [email protected]

 

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