DUBLIN--(BUSINESS WIRE)--Aug 13, 2019--

The global market for pharmaceutical desiccant is expected to flourish with a compound annual growth rate of 4.67% in the forecasting years from 2019 to 2027.

Desiccants are materials that adsorb moisture and induce dryness in the surrounding substances. They can be either soluble or insoluble. Desiccants are used for eliminating humidity and have found major applications in the pharmaceutical industry. Pharmaceutical desiccants are used to maintain the quality, strength and purity of medical drugs for a long time. Silica gel, activated alumina and molecular sieve are amongst the most commonly used desiccants.

Factors such as the increasing elderly population, continual growth in the pharmaceutical industry and the government initiatives to ensure the good quality of drugs drive the growth of the pharmaceutical desiccant market. However, damage caused due to varying temperatures and stringent regulations by government authorities hamper the growth of the market.

Establishing a stronger presence in varying consumer preferences is a major opportunity that can be used to supplement the market growth. However, increasing expectations from customers and market-based pricing in place of cost-based pricing are factors that significantly challenge the growth of the pharmaceutical desiccant market.

Regional Outlook

The pharmaceutical desiccant market in the APAC region is the fastest-growing market globally. Whereas, North America is the largest pharmaceutical desiccant market. The pharmaceutical desiccant market in North America is expected to grow steadily over the coming years, owing to the growing shale gas extraction in the United States. The increasing oil production in the Gulf of Mexico is subsequently driving the downstream application markets and will also propel the growth of the pharmaceutical desiccant markets in the Americas.

Competitive Outlook

The companies that have been mentioned in the market report are W. R. Grace & Co., Sanner GmbH, Rotor Source, Inc., ProFlute AB, Oker-Chemie GmbH, Munters AB, Multisorb Technologies, E. I. du Pont de Nemours and Company, Desiccare, Inc., CSP Technologies, Inc., Clariant Global and Capitol Scientific, Inc.

Headquartered in Wilmington, Delaware, E. I. du Pont de Nemours and Company is a multinational chemical company that offers products & services for numerous markets, such as nutrition, agriculture, electronics & communications and safety & protection. The company operates in Latin America, North America, the Asia-Pacific, Europe, the Middle East and the Africa regions. DuPont reported revenues of US $24,764 million for FY2016, with a decrease of 2% over FY2015.

The company's operating margin was 12.6% in FY2016, as compared to an operating margin of 9.5% in FY2015. The merger between E.I. du Pont de Nemours and Company and The Dow Chemical Company took place in 2017. The combined entity, after the merger, operates under the name DowDuPont, focusing primarily in the domains of specialty products, materials science and agriculture.

Key Topics Covered:

1. Global Pharmaceutical Desiccant Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Porter's Five Forces Analysis

2.3. Vendor Scorecard

2.4. Supply Chain Analysis

2.5. Key Insights

2.6. Market Drivers

2.6.1. Increasing Geriatric Population

2.6.2. Government Initiatives to Ensure Quality of Drugs

2.6.3. Continuous Growth in the Pharmaceutical Industry

2.7. Market Restraints

2.7.1. Variable Temperatures Hamper the Pharmaceutical Products

2.7.2. Stringent Regulations

2.8. Market Opportunities

2.8.1. Establishment of Stronger Presence in Varying Consumer Preferences

2.9. Market Challenges

2.9.1. Growing Customer Expectancies

2.9.2. Pricing is Market-Based Rather Than Cost-Based

3. Pharmaceutical Desiccant Market Outlook - By Types

3.1. Silica Gel

3.2. Activated Alumina

3.3. Carbonclay Desiccant

3.4. Molecular Sieves

3.5. Other Types

4. Pharmaceutical Desiccant Market Outlook - By End-Users

4.1. Tablets

4.2. Apis

4.3. Capsules

4.4. Nutraceutical Product Packaging

4.5. Diagnostic Kits

5. Pharmaceutical Desiccant Market - Regional Outlook

5.1. North America

5.1.1. Market By Types

5.1.2. Market By End-Users

5.1.3. Country Analysis

5.1.3.1. the United States

5.1.3.2. Canada

5.2. Europe

5.3. Asia-Pacific

5.4. Latin America

5.5. Middle East And Africa

6. Company Profiles

6.1. Capitol Scientific, Inc.

6.2. Clariant Global

6.3. Csp Technologies, Inc.

6.4. Desiccare, Inc.

6.5. E. I. Du Pont De Nemours And Company

6.6. Multisorb Technologies

6.7. Munters Ab

6.8. Oker-Chemie Gmbh

6.9. Proflute Ab

6.10. Rotor Source, Inc.

6.11. Sanner Gmbh

6.12. W. R. Grace & Co.

For more information about this report visit https://www.researchandmarkets.com/r/l1zdfx

Laura Wood, Senior Press Manager

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KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 08/13/2019 09:52 AM/DISC: 08/13/2019 09:52 AM

Copyright Business Wire 2019.