Market World Pharmaceutical Grade Silica Gel Market | Page 2

The superior absorption ability at relatively high humidity has been a key factor for its usage in desiccants
sachets. The constantly climbing sodium silicate prices owing to the rising energy and transportation costs are
anticipated to adversely affect the specialty silica market, which will eventually impact the pharmaceutical grade
silica gel market.
Application Insights
The industry is segmented into adsorbent, the drug carrier, glidant, desiccant and other excipients. The
application segment of drug carrier is additionally divided into liquid drugs and scarcely soluble drugs. The silica
gel protects antibiotic formulations from moisture and improves the storage stability and shelf life. The growth
of the pharmaceutical sector is expected to remain a significant contributing factor over the forecast period.
The product is widely used in the application segment of desiccants on account of its ability to exhibit a
comparatively lower vapor pressure than the ambient pressure. The desiccant substance is a hygroscopic
element that withstands the state of dryness in the formulation of the drug. The performance varies with
relative & absolute humidity and temperature, and its usage is defined after examining the condition in which
it is being used.
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Regional Insights
In terms of the global volume share, Asia Pacific held 45.10%, followed by North America. Asia Pacific is also
expected to witness the fastest growth on account of its increasing demand from the pharma industry for the
purpose of protective packaging in the form of packets/bags, canisters and desiccants. In addition, abundant
availability of sulfuric acid in the region is anticipated to boost the product demand in the near future.
The improving penetration of pharmaceutical excipients and ingredients in the biotech companies and specialty
medicines has caused the cumulative progress over the recent past. Moreover, rising disposable incomes and
developing healthcare infrastructure are also enhancing the expansion of the pharmaceutical industry in the
region, particularly in India and China.
The leading firms are investing aggressively in order to increase their market share. The pharmaceutical sector
in China has witnessed abundant investments in the recent years. The sales of drugs were estimated at over
$115 billion in the year 2015. These factors are anticipated to drive the growth over the forecast period.