Desiccant is a material that absorbs moisture and causes dryness in the surrounding substances. They could be either soluble or insoluble. Desiccants are used to eliminate humidity and have been identified as significant applications in the pharmaceutical industry. Pharmaceutical desiccants are used to preserve the quality, strength, and purity of pharmaceutical products for a long time. Activated alumina, silica gel, and molecular sieves are among the most widely used desiccants.
According to an in-depth study by Market Research Future (MRFR), in 2022, the pharmaceutical desiccants market was reported to capture the largest market share of 30%, with a market value of USD 35.4 million and is expected to rise by 4.37% in the CAGR from 2022 to 2030 (forecast period).
Competitive Leaderboard:
The prominent players in the pharmaceutical desiccant are E. I. du Pont de Nemours and Company (U.S.), Desiccare, Inc (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Oker-Chemie GmbH (Germany), W. R. Grace Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), and others.
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Market Segmentation:
Based on the type, the market for pharmaceutical desiccant is divided into silica gel, activated, molecular sieves, carbon clay desiccant, and others. In 2022, silica gel reported for the largest market share of 40.00% with a market value of USD 47.2 million and is estimated to rise at the highest CAGR of 4.90% in the forecast period. Silica gel is non-flammable, non- toxic, and safe to use to protect food, medicines, sensitive materials, and much more. It is extremely porous and able to absorb high amounts of moisture. It has the highest moisture adsorption potential of any commercial desiccant, making it one of the most effective ingredients for products. It is designed to avoid corrosion during transport and storage. Activated was the second-largest market in 2015 with USD 29.5 million and it is anticipated to rise at a CAGR of 4.16%. Activated Alumina is commonly used for moisture reduction, purification, and other treatments.
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Regional Analysis:
The market for pharmaceutical desiccants in North America is expected to hold the largest share by 2023 due to a strong pharmaceutical manufacturing base in the region, supported by government regulations and high RD expenditure. North America had a market share of roughly 38% in 2022. North America is one of the emerging markets for pharmaceutical desiccant, which is widely used in the oil and gas, pharmaceutical, and petrochemical industries in the region. Pharmaceutical desiccant is used in pharmaceutical packaging to protect medicines from moisture and other impurities.
The market for the pharmaceutical desiccant in the Asia Pacific is expected to be the fastest-growing region for pharmaceutical desiccants. Growth is attributed to an increase in the production of pharmaceutical desiccant in China and a higher consumption rate of the product in Chinese plants than in developed countries. China's high value-added pharmaceutical desiccant is used more widely and used as matting agents for plastics, paints, catalysts, and other anti-adhesives.
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