Pharmaceutical Desiccant Market 2018 To Worth USD 191.3 Mn at 4.43% CAGR By 2027

Global Pharmaceutical Desiccant Market Information Report, By Type (Silica Gel, Activated, Carbonclay Desiccant, Molecular Sieves and Others), By End-Use (Tablets, API’s, Capsules, Diagnostic Kit and Nutraceutical Product Packaging), and By Region - Forecast To 2027

E. I. du Pont de Nemours and Company (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), and Oker-Chemie GmbH (Germany) are some of the prominent players at the forefront of competition in the global pharmaceutical desiccant market and are profiled in MRFR Analysis.

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lobal Pharmaceutical Desiccant Market - Competitive Analysis

The major market players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global pharmaceutical desiccant market were new product development. T

he major players operating in this market, to have adopted these strategies are E. I. du Pont de Nemours and Company (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), Oker-Chemie GmbH (Germany) and others. This strategy is widely adopted to increase the number of offerings to the customer. New innovations in the technology of manufacturing desiccants also lead to new product developments.

During the period 2014-2016, amongst all the key developments, E. I. du Pont de Nemours and Company (U.S.) had the largest share of the merger and acquisition strategy. For instance, E. I. du Pont de Nemours and Company (U.S.) acquired Taxon Biosciences, Inc. (California), a leading microbiome discovery company. This acquisition will build on DuPont’s in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally. The unique technology platform of Taxon Biosciences, Inc. coupled with DuPont’s robust research capabilities and positioning across several markets makes, the integration of Taxon into DuPont, a natural fit and will support DuPont’s ability to bring new products to the market, faster.

Clariant Global adopted joint ventures as its key strategy. The company has undergone joint ventures with ASK Group, Scientific Design Company Inc., Süd-Chemie India Pvt Ltd and others. For instance, the company underwent a joint venture with Scientific Design Company Inc., U.S., a producer of ethylene and oxide catalysts, which is co-owned by the Saudi Arabia-based, Sabic Group and has around 140 employees.

CSP Technologies, Inc. adopted new product development as its key strategy. For instance, the company introduced Pharmapuck™ Scavenging Devices, an Integrated Solution for Oral Solid Dose Products. It can be integrated directly into primary containers to protect oral solid dose (OSD) products from moisture and oxygen absorption.

Market Scenario

On the basis of region, North America region dominates the pharmaceutical desiccant market. It accounted for the largest market share of 30% in 2015, with a market value of USD 35.4 million and is projected to grow at the CAGR of 4.37% during the forecast period. High adoption of desiccants for pharmaceutical and chemical sectors helped the North America desiccant market stay ahead of other regional markets. Europe was the second-largest market in 2015, valued at USD 31.9 million in 2015. Latest developments in healthcare sector and the strategies behind them to new marketing and commercialization models and the regulations drives the Europe pharmaceutical desiccant market. However, Asia-Pacific is projected to grow at the highest CAGR of 4.67%. Growing manufacturing activities and ageing population driving the growth of the market.

The market has been segmented based on type, and end-user. On the basis of type, the market is segmented into silica gel, activated, carbonclay desiccant, molecular sieves and others. Silica Gel accounted for the largest market share of 40.00% in 2015, with a market value of USD 47.2 million and is projected to grow at the highest CAGR of 4.90% during the forecast period. Silica gel is non-toxic, non-flammable and safe to use to protect foods, medicines, sensitive materials and much more. It is extremely porous and capable of absorbing high levels of moisture. It has highest moisture adsorption capacity of any commercial desiccant which makes it one of the most effective ingredients for products .It is designed to prevent corrosion during transportation and storage. Activated was the second-largest market in 2015, valued at USD 29.5 million in 2015; it is projected to grow at a CAGR of 4.16%. Activated Alumina is widely used for removing moisture, purification and other treatments. On the basis of end uses, Tablets accounted for the largest market share of 22% in 2015, with a market value of USD 208.2 million and is projected to grow at a CAGR of 4.85% during the forecast period. API’s was the second-largest market in 2015, valued at USD 203.5 million in 2015; it is projected to grow at the highest CAGR of 4.37%.

Hence, global pharmaceutical desiccant market is expected to reach a market size of USD 191.3 million by the end of the forecast period at CAGR of 4.43%.

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The report for Global Pharmaceutical Desiccant Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents

1 Introduction
1.1 Definition
1.2 Scope of the Study
1.3 Assumptions
1.4 Market Structure

2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.1 Forecast Model

3 Market Dynamics
3.1 Drivers
3.1.1 Growing pharmaceutical industry
3.1.2 Increase in ageing population
3.1.3 Government initiative for pharmaceutical industry
3.2 Restraints
3.2.1 Stringent Regulations
3.2.2 Temperature fluctuation
3.3 Opportunities
3.3.1 Scope in the developing nation
3.3.2 Establish Partnership
3.4 Challenges
3.4.1 Market Access Barriers
3.4.2 Rising customer expectations

4 Market Factor Analysis
4.1 Supply Chain Analysis 21
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Threat of Substitutes
4.2.5 Rivalry

Continues...

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