The international pharmaceutical grade silica gel market size has been Estimated at USD 40.88 million in 2015 and is expected to witness significant growth over the forecast period, primarily because of the increasing demand from key application segments, like desiccants, medication carrier, and adsorbent amongst others. Expansion of the pharmaceutical sector is expected to be the significant element for this growth. Desiccants are used to adsorb and retain the water vapor at a drug formulation. The presence of moisture in excess amount may damage the efficacy of the drug. The pharma companies are embracing the current industry trends and shifting their plans by changing product portfolio and implementing cost-cutting measures. Due to significant growth in specialty medications, biotech companies are seeing increasing investments, which will benefit the worldwide market.
The manufacturers Are planning to increase their operating efficiencies, which would ultimately contribute to the rising demand for pharmaceutical desiccant. Packaging has always been a crucial factor determining the quality of the medication, which can be guaranteed by the use of desiccants canisters. These canisters are responsible for providing protection and maintain the effectiveness of a medication. Canisters are utilized for the purpose of high-speed insertion in the table bottles. Desiccant sachets consist of silica gel, which plays a vital role in moisture absorption and protection against any type of damage.
Silica gel’s Exceptional adsorption capacity at high relative humidity and adsorption rate at high relative humidity are a significant element for its use in desiccant sachets. Growing sodium silicate costs on account of growing transportation and energy prices are expected to negatively affect the specialty silica market, which in turn will impact the pharmaceutical grade silica gel marketplace. Abundant availability of lipoic acid in emerging markets of Asia Pacific and MEA is expected to boost product demand over the forecast period. On the basis of program, the business has been segmented into desiccant, the drug carrier, adsorbent, glidant, and other excipients. The medication carrier program section has been further afield into barely soluble liquid and drugs. Silica gel aids in protection of antibiotic formulations from water vapor and moisture and enhances the shelf life and storage stability.