The global pharmaceutical grade silica gel market is projected to reach a market size of USD 71.05 million by 2025, according to a new report by Grand View Research, Inc. The pharmaceutical grade silica gel market is expected to witness significant growth over the forecast period owing to the increasing demand for excipients.
Pharmaceutical grade silica gel is used in a various applications including desiccant, drug carrier, adsorbent, glidant, and other excipients. Excipients can be used in numerous forms in food, cosmetics, and medicine industries. They act as colorants, lubricants & glidants, binders, disintegrants, flavoring agents, capsules, solvents, coatings, preservatives, fillers & diluents, suspension and viscosity agents. Excipients are also manufactured for their consumption in the cosmetics & personal care and food industry, along with pharmaceutical industry.
Growing pharmaceutical industry has propelled the growth of drug production, which in turn, has increased the excipient consumption over the past few years. This is expected to be a major factor fueling the demand for pharmaceutical grade silica gel. Desiccantdominated the market for pharmaceutical grade silica gel globally. The other key applications include drug carrier, adsorbent, and glidants.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pharmaceutical-grade-silica-gel-market
Further key findings from the report suggest
·
Globally, adsorbent and glidant application
segments are projected to witness significant volume growth over the forecast
period, growing at CAGR of over 4% during the forecast period. This growth can
be attributed to rapid growth from the overall pharmaceutical industry.
·
Asia Pacific dominated the global pharmaceutical
grade silica gel market in 2015 with an estimated revenue of around USD 17.10
million and is projected to grow significantly over the coming years owing to
the increasing investments from the pharma sector. Emerging economies such as
China and India are the key growth drivers in the region. Drug carriers widely
used in the drug delivery process owing to its special features such as
effective drug administration, selectivity and safety.
·
Key participants in the pharmaceutical grade
silica gel market include Clariant AG, E. I. du Pont de Nemours and Company,
Evonik Industries, Solvay SA, and W.R. Grace and Company, Dow Chemical Company
and J.M. Huber Corporation among others. In recent years, new product
developments have been the major growth strategy adopted by key market players
for strengthening their market positions.
Read our blog on pharmaceutical grade silica gel market: http://www.grandviewresearch.com/blog/pharmaceutical-grade-silica-gel-market-size-share
Grand View Research has segmented the global pharmaceutical grade silica gel market on the basis of application and region:
Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)
·
Desiccant
o
Scarcely soluble drugs
o
Liquid drugs
·
Drug carrier
·
Adsorbent
·
Glidant
·
Other excipients
Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)
·
North America
o
U.S.
·
Europe
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For More Information Visit - http://www.grandviewresearch.com/
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