The global pharmaceutical desiccant market is anticipated to grow at a CAGR of 4.48% between 2019 and 2027 to generate revenue of $190.6 million by 2027. Desiccants are materials that absorb and retain water vapor. Desiccants are entities that cover a network of interrelated holes that allow water molecules to remain attached to the huge internal surface. In terms of pharmaceutical materials, desiccants are mandatory for meeting performance criteria and strict quality assurance.

The following factors primarily drive the pharmaceutical desiccant market:

• The rapid growth of the pharmaceutical market
• The rise in the aging populace
• Growing usages of activated alumina in pharmaceutical applications
• The government initiative to ensure the quality of drugs
• Demand for active and intelligent packaging

The important drivers increasing growth in the global pharmaceutical desiccant market are a rise in the aging populace and rapid growth of the pharmaceutical market. The increase in the aging population leads to increase ailments and more requirements of medical amenities in the people. This will upsurge the use of healthcare products and medical facilities, eventually upsurging the production of pharmaceutical desiccants. The continuous growth in the pharmaceutical industry is fuelling the overall growth of the pharmaceutical desiccant market. The rapid development of the pharmaceutical market is mostly driven by rising income and economic gains.

The Pharmaceutical desiccant types are used extensively for various purposes. Silica gel is silicon dioxide (SiO2) and is certainly befalling mineral that is cleansed and administered into either beaded form or granular. Activated Alumina is widely used for eliminating purification, moisture, and other treatments. Activated alumina is a highly porous form of aluminum oxide and acts as a desiccant and dehydrating agent for industrial gases and liquids. Each desiccant comprises clay beads, which effort to engross moisture and preserves food fresh. Natural clay lets these desiccants selected to be used again. Molecular sieve is the finest desiccant centered on technical performance features. Its capability to adsorb moistness, in this case, water vapor, is so distinct that it can eliminate trapped H20 molecules from a fully saturated silica gel blob, which in turn modify the silica gel back to its novel cobalt blue color. The other types of pharmaceutical desiccants are Calcium Oxide, which is a calcinated or recalculated lime having a moisture adsorptive capacity of not less than 28.5% by weight.

Implementation of rigorous regulations and varying temperatures are the major factors hindering the pharmaceutical desiccant market. The pharmaceutical products have to meet strict quality control and performance criteria. Desiccant suppliers have to meet the quality management system by pharmaceutical companies regularly. Pharmaceutical desiccants function at varying temperatures based on their types. The temperature of the desiccant should be based on the temperature required by the product.

The Global Pharmaceutical desiccants market segments include types and end use.

Type is segmented into:

• Molecular Sieves
• Silica Gel
• Carbonclay Desiccant
• Activated Alumina
• Other Types

End use is segmented into:

• Tablets
• Capsules
• Nutraceutical Product Packaging
• APIs
• Diagnostic Kit

This report covers the present market conditions and the growth prospects of the global pharmaceutical desiccants market for 2019-2027. It considered the revenue generated through the sales of pharmaceutical desiccants for types as well as end-use to calculate the market size by considering 2018 as the base year.

Geographically, the global Pharmaceutical desiccants market has been segmented into four major regions, which include:

• North America Pharmaceutical Desiccant Market: The United States & Canada
• Asia Pacific Pharmaceutical Desiccant Market: China, India, Japan, Australia, South Korea & Rest of APAC
• Europe Pharmaceutical Desiccant Market: The United Kingdom, France, Germany, Italy, Spain & Rest of Europe
• Rest of World: Latin America & Middle East and Africa

The pharmaceutical desiccants market in North America is expected to hold the largest share by 2027 because of the strong pharmaceutical manufacturing base in the region, due to supportive government regulations and high R&D expenditure. North America constitutes a market share of approx. 38% in 2018. North America is one of the leading markets for pharmaceutical desiccant, which finds extensive use in the region’s oil and gas, petrochemical, and pharmaceutical industries. The pharmaceutical desiccant is required in pharmaceutical packaging to guard medicines against moisture and other impurities.

On the other hand, the Asia Pacific market is anticipated to be the fastest-growing region for the pharmaceutical desiccants. The growth is attributable to the rising production of pharmaceutical desiccant in China and the higher utilization rate of the product in Chinese plants than in plants in developed countries. China’s high value-added pharmaceutical desiccant has a wider application now and is used as matting agents for plastics, paints, catalysts, and other anti-adhesives.

The pharmaceutical desiccants market is segmented on end-use, which is sub-divided into tablets, nutraceutical product packaging, capsules, APIs, and diagnostic kit. Tablets are available in a variety of size and shapes and designed to use in products where moisture protection is necessary. The desiccant tablets are hard and uniform in shape and are ideal for automated insertion. APIs is a chemical which is used for pharmaceutical drugs. Capsules are safe, non-toxic, non-dusting, and moisture sensitive. Desiccant capsules are small, rigid, and filled with a material such as silica gel and molecular sieve. Nutraceutical products include vitamins, dietary or nutritional supplements as well as energy drinks.

The major market players of the global pharmaceutical desiccants market are:

• I. DU PONT DE NEMOURS AND COMPANY
• CSP TECHNOLOGIES, INC.
• MULTISORB TECHNOLOGIES
• MUNTERS
• CLARIANT GLOBAL

Company Profiles covers the analysis of key players.

1. I. du Pont de Nemours and Company (DuPont or ‘the company’) is a diversified chemical company offering products and services for various markets, including agriculture, nutrition, electronics and communications, and safety and protection. Clariant’s Catalysis segment develops, manufactures, and sells a range of catalysts for the petrochemicals, plastics, and refining industries. It develops catalysts and technologies for use in industrial and environmental processes, which allow the use of alternative raw materials such as natural gas, coal, and biomass. The product line comprises petrochemical catalysts, oxidation and hydrogenation catalysts, and fuel upgrading and purification catalysts.

Key findings of the global pharmaceutical desiccants market:

• Tablets market to grow at a significant rate during the forecast period in terms of end-use
• Silica Gel type is anticipated to grow at a faster rate during the forecast period