Pharmaceutical Desiccant Market 2019, Trend, CAGR Status, Growth, Analysis and F

Posted by Market Research Future on September 6th, 2019

Market Synopsis:

Pharmaceutical desiccants are extensively used for extending the lifespan of medicines. According to Market Research Future (MRFR)’s recent analysis, the global pharmaceutical desiccant market is expected to touch a valuation of USD 191.3 Mn by 2023 exhibiting a CAGR of 4.43% during the assessment period.

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Competitive Dashboard:

  •          Multisorb Technologies
  •          E. I. du Pont de Nemours and Company
  •          Sanner GmbH
  •          Capitol Scientific, Inc
  •          Desiccare, Inc
  •          CSP Technologies, Inc
  •          W. R. Grace & Co
  •          Clariant Global
  •          Oker-Chemie GmbH
  •          Desican Inc

Regional Analysis:

The global pharmaceutical desiccant market, by region, is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest share of the market in 2015 which accounted for around 30% share. The regional segment was valued at USD 35.5 Mn and is anticipated to strike a CAGR of 4.37% over the assessment period. The pharmaceutical industry, as well as the chemical industry, has been observing an upsurge in demand for desiccants. This, in turn, is poised to drive the growth of the regional pharmaceutical desiccant market over the next couple of years.

Europe was valued at USD 31.9 Mn in 2015 and is likely to maintain its second spot over the next few years. The rapid developments in the healthcare sector of the region, coupled with new commercialization models, are expected to boost revenue creation for the players of the pharmaceutical desiccant market in the region. On the other hand, Asia Pacific is anticipated to mark the highest CAGR of 4.67% across the assessment period.

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Market Research Future
Joined: March 9th, 2018
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