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.
To request a
sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/pharmaceutical-grade-silica-gel-market
http://www.grandviewresearch.com/industry-analysis/pharmaceutical-grade-silica-gel-market
Further key findings from the study 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.
See More
Reports of This Category:
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment