Hpq Silica Pharmaceutical Market value expected to grow at a CAGR of 6.3%

Posted by Pradnya on July 31st, 2019

Persistence Market Research delivers crucial insights on the global HPQ & Silica for Pharmaceutical market in its latest report titled ‘HPQ & Silica for Pharmaceutical Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026’. The long standing viewpoint for the global HPQ & Silica for Pharmaceutical market rests progressive with the market value expected to grow at a CAGR of 6.3% during the forecast period (2018–2026). Among the product type segments, the silica segment is expected to expand at a significant CAGR in terms of volume over the forecast period.

Among the application segments of HPQ, the glassware & equipment: medical storage segment and among the application segments of silica, the dental fillers segment are expected to witness high CAGRs in terms of value over the forecast period. The glassware & equipment segment is expected remain dominant in terms of value among all the application segments in the global HPQ & Silica for Pharmaceutical market, owing to the increasing demand for excipients in drug formulations.

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The global market for HPQ & Silica for Pharmaceuticals is estimated to be valued at 171,253 thsd US$ by the end of 2018 and witness a cumulative annual growth rate of 6.3% over the forecast period. China is likely to capture a substantial value share in the global HPQ & Silica for Pharmaceutical market by 2018 end and is projected to remain the leading region during the course of the forecast period in the HPQ & Silica for Pharmaceutical market.