Pharmaceutical Grade Silica Gel Market - Forecast(2021 - 2026)

Report Code: CMR 44862 Report Format: PDF + Excel (Delivery in 48 Hrs)

Pharmaceutical Grade Silica Gel Market Overview

Pharmaceutical Grade Silica Gel Market size is expected to be $71.1 million by 2026 and is set to grow at a CAGR of 9.2% during the forecast period from 2021-2026. The gel made from silica, also known as silica dioxide, is an excellent adsorbent and can hold moisture to a great extent, one of the significant reason driving the growth of the pharmaceutical grade silica gel market. Silicon Dioxide, also known as silica gel is extensively used in the preservation of medicines and other products in the pharmaceutical industry for their excellent property of acting as a viscosity agent. The growing pharmaceutical industry has increased the production of drugs which has given a boost to the pharmaceutical grade silica gel market as they are used as colorants, glidants, lubricants, viscosity agents, solvents, preservatives and many more in the pharmaceutical industry.

COVID-19 Impact

The covid-19 pandemic has affected the pharmaceutical grade silica gel market in various ways such as production halt, piling of stocks, blockage in supply chain and others. This has affected the business of pharmaceutical grade silica gel industry leaving the pharmaceutical grade silica gel major suppliers in huge losses. The global Foreign Direct Investments decreased up to 40% in 2020 due to the pandemicHowever the pharmaceutical grade silica gel market found some demand in the pandemic period, as they are widely used in the healthcare industry, and the healthcare industry was in a rise during the pandemic. Furthermore, there were restrictions on exports and imports due to the restrictions related to the pandemic. However, the pharmaceutical grade silica gel industry is however recovering from the losses, and will be restored by the year ending 2021.

Report Coverage

The report: Pharmaceutical Grade Silica Gel Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pharmaceutical Grade Silica Gel Industry.

By Type: Liquid Silica Gel, Solid Silica Gel and Others.
By Packaging Type: Packets, Pouch, Bag, Sachets and Others.
By Application: Desiccant, Drug Carrier, Adsorbent, Glidants, Gas Drying, Filtration and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the pharmaceutical grade silica gel market owing to the increase in the investments from the pharmaceutical industry in countries like China, India and Japan.
  • The increase in the pharmaceutical grade silica gel market can be attributed to the adsorbent properties of silicon dioxide or silica.
  • The growth in pharmaceutical industry which is giving boost to the production of medical drugs is one of the significant factor driving the pharmaceutical grade silica gel industry.
  • The covid-19 pandemic has affected the pharmaceutical grade silica gel market in many ways including halting of the production and disrupting the supply chain of the pharmaceutical grade silica gel market eventually halting the growth of the pharmaceutical grade silica gel industry.

Pharmaceutical Grade Silica Gel Market Segment Analysis - By Type

Liquid Silica Gel segment held the largest share of more than 35% in the pharmaceutical grade silica gel market in the year 2020. Liquid Silica Gel is used as a desiccant to control humidity, avoid spoilage and degradation of medical goods. It does not dissolve so quickly and acts as a good adsorbent agent, making it a most sought out product in the pharmaceutical grade silica gel industry. The global volume of medicines used amounted to 4.5 trillion doses and at a cost of US $ 14 trillion in the year 2020. The increase in the production of medicines and other devices is fueling the demand for pharmaceutical grade silica gel market, as they are exclusively used for preservation and packaging for keeping the products moisture-free. This is a significant factor driving the pharmaceutical grade silica gel market.

Pharmaceutical Grade Silica Gel Market Segment Analysis - By Packaging Type

Pouch segment held the largest share of more than 32% in the pharmaceutical grade silica gel market in the year 2020. The silica gel is mostly used as desiccants in the medical industries for various applications and devices. They are used in storage purposes to ward off moisture and foul smell in the medical devices and applications. The global packaging industry reached a value of US $ 917.1 billion in the year 2019. The continuous improvement in the medicine technology and the increased production of medical devices is one of the significant factors driving the pouch segment in the pharmaceutical grade silica industry. Silica Gel pouches helps in preserving the quality of medical instruments and apparatuses. This eventually gives rise to the need of silica pouches to preserve and maintain the devices and applications.

Pharmaceutical Grade Silica Gel Market Segment Analysis - By Application

Desiccants segment held the largest share of more than 32% in the pharmaceutical grade silica gel market in the year 2020. Pharmaceutical grade silica gel is used extensively in the desiccant application segment owing to its property of exhibiting low vapor pressure. It facilitates the sustaining of dryness in a drug formulation. The rise in the production of medicines and other medical devices leads to the increase in the need for storage with good moisture absorption and sustaining dryness, which eventually leads to the increase in the need for desiccants in the pharmaceutical grade silica market. The global pharma market is expected to grow with a CAGR of 4.4% by the year 2024 revenue of the global pharmaceutical market in the year 2020 amounted to US $1.43 trillion, which eventually leads to the increase in demand for pharmaceutical grade desiccants silica gels.

Pharmaceutical Grade Silica Gel Market Segment Analysis - By Geography

Asia-Pacific region held the largest share of more than 38% in the pharmaceutical grade silica gel market in the year 2020. The growth of pharmaceutical industry in countries like China, India and Japan is the factor driving the pharmaceutical grade silica gel in the Asia Pacific region. The pharmaceutical industry in India is currently valued at $41 billion. The growth of pharmaceutical industry coupled with investments like Production Link Incentive (PLI) scheme in India by the Government of India for enhancing India’s manufacturing capabilities and enhancing exports is driving the pharmaceutical grade silica gel market in the Asia Pacific region. These initiatives by the government along with the growing concern of health is contributing to the growth of the pharmaceutical grade silica gel industry in the Asia Pacific region.

Figure: Asia-Pacific Pharmaceutical Grade Silica Gel Market Revenue, 2020-2026 (US $ Billion)


Pharmaceutical Grade Silica Gel Market Drivers

Investments and initiatives from pharmaceutical industry

Initiatives and investments made by government is one of the biggest factor steering the pharmaceutical grade silica gel market. For instance, the Government of India came up with an initiative called Atal Innovation Mission, which is about developing new complex generic drugs, supplemented by the New Drugs and Clinical Trial Rules, 2019. Initiatives like these gives boost to the production of medicines and medical devices & equipment which is eventually driving the pharmaceutical grade silica market. The Government of Singapore has announced an investment of US $4.2 billion for developments in the pharmaceutical industry. Circa pharmaceuticals Inc. has invested an amount of US $ 20 billion for the next few years for the development of pharmaceutical industry in Indonesia Such investments and initiatives is increasing the drugs production which is eventually driving the pharmaceutical grade silica gel market.

Increasing demand from major application industries

The increase in demand from major application industries such as adsorbents, drug carrier, lubricants, desiccants and others are driving the pharmaceutical grade silica gel industry. The global lubricants market revenue stood at US $162.3 billion in the year 2019 and accounted a demand of 37 million metric tons in the year 2019, which eventually boosts the growth of the pharmaceutical grade silica gel market. The increase in the need and production of applications where lubricants are extensively used such as medical equipment, medical infrastructures are one of the major factor driving the growth of the pharmaceutical grade silica gel market.

Pharmaceutical Grade Silica Gel Market Challenges

Stringent government regulations 

There are various stringent regulations regarding the pharmaceutical business in various countries which is one of the major challenges to the pharmaceutical grade silica gel market. For instance, The Pharmacy Act 1948 of India, there are various stringent regulations regarding the composition of drugs, which requires the pharmacists/chemists to follow various procedures and screening to get approved by the government. These stringent rules and regulations, are one of the biggest challenge faced by the pharmaceutical grade silica gel market.

Market Landscape

New product launches, expansion, investments, acquisitions & mergers and collaborations are some of the key strategies adopted by players in the Pharmaceutical Grade Silica Gel Market. Major players in the Pharmaceutical Grade Silica Gel Market are Sorbead India, Clariant International Ltd., Solvay S.A, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Multisorb Technologies, Inc., W. R. Grace & Co.-Conn, Evonik Industries, Desiccare Inc. and Fuji Silysia Chemical among others.

Acquisitions/Technology Launches

  • In August 2020 Evonik acquires Porocel for US $210 million. This was a strategic move to develop the portfolio of Evonik Industries, helping them in expanding their business.
  • In December 2019, DuPont acquired Desalitech Ltd. This acquisition is set to reinforce the strategic intent to provide robust portfolio of technologies.

Relevant Reports

Silica Fume Market – Forecast (2021 - 2026)
Report Code: CMR 0187

Fumed Silica Market – Forecast (2019-2025)
Report Code: CMR 61581

Specialty Silica Market – Forecast (2019-2024)
Report Code: CMR 88256

For more Chemicals and Materials Market reports, Please click here

1. Pharmaceutical Grade Silica Gel Market- Market Overview
    1.1 Definitions and Scope
2. Pharmaceutical Grade Silica Gel Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Packaging Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Pharmaceutical Grade Silica Gel Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Pharmaceutical Grade Silica Gel Market - Startup companies Scenario Premium io Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Pharmaceutical Grade Silica Gel Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Pharmaceutical Grade Silica Gel Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Pharmaceutical Grade Silica Gel Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Pharmaceutical Grade Silica Gel Market – By Type (Market Size -$Million/Billion)
    8.1 Liquid Silica Gel
    8.2 Solid Silica Gel
    8.3 Others
9. Pharmaceutical Grade Silica Gel Market – By Packaging type (Market Size-$Million/Billion)
    9.1 Packets
    9.2 Pouch
    9.3 Bags
    9.4 Sachets
    9.5 Others
10. Pharmaceutical Grade Silica Gel Market – By Application (Market Size -$Million/Billion)
    10.1 Desiccant
    10.2 Drug Carrier
    10.3 Adsorbent
    10.4 Glidant
    10.5 Gas Drying
    10.6 Filtration
    10.7 Others
11. Pharmaceutical Grade Silica Gel Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Pharmaceutical Grade Silica Gel Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Pharmaceutical Grade Silica Gel Market – Market Share Analysis Premium
    13.1 Market Share at Global Level - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14. Pharmaceutical Grade Silica Gel Market – Key Company List by Country Premium Premium
15. Pharmaceutical Grade Silica Gel Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Desiccant Market 2019-2024 ($M) - Global Industry Research
1.2 Drug Carrier Market 2019-2024 ($M) - Global Industry Research
1.3 Adsorbent Market 2019-2024 ($M) - Global Industry Research
1.4 Glidant Market 2019-2024 ($M) - Global Industry Research
2.Global Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
2.1 Desiccant Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Drug Carrier Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Adsorbent Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Glidant Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
3.1 Desiccant Market 2019-2024 ($M) - Regional Industry Research
3.2 Drug Carrier Market 2019-2024 ($M) - Regional Industry Research
3.3 Adsorbent Market 2019-2024 ($M) - Regional Industry Research
3.4 Glidant Market 2019-2024 ($M) - Regional Industry Research
4.South America Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
4.1 Desiccant Market 2019-2024 ($M) - Regional Industry Research
4.2 Drug Carrier Market 2019-2024 ($M) - Regional Industry Research
4.3 Adsorbent Market 2019-2024 ($M) - Regional Industry Research
4.4 Glidant Market 2019-2024 ($M) - Regional Industry Research
5.Europe Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Desiccant Market 2019-2024 ($M) - Regional Industry Research
5.2 Drug Carrier Market 2019-2024 ($M) - Regional Industry Research
5.3 Adsorbent Market 2019-2024 ($M) - Regional Industry Research
5.4 Glidant Market 2019-2024 ($M) - Regional Industry Research
6.APAC Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Desiccant Market 2019-2024 ($M) - Regional Industry Research
6.2 Drug Carrier Market 2019-2024 ($M) - Regional Industry Research
6.3 Adsorbent Market 2019-2024 ($M) - Regional Industry Research
6.4 Glidant Market 2019-2024 ($M) - Regional Industry Research
7.MENA Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Desiccant Market 2019-2024 ($M) - Regional Industry Research
7.2 Drug Carrier Market 2019-2024 ($M) - Regional Industry Research
7.3 Adsorbent Market 2019-2024 ($M) - Regional Industry Research
7.4 Glidant Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
2.Canada Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
3.Mexico Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
4.Brazil Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
5.Argentina Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
6.Peru Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
7.Colombia Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
8.Chile Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
9.Rest of South America Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
10.UK Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
11.Germany Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
12.France Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
13.Italy Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
14.Spain Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
15.Rest of Europe Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
16.China Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
17.India Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
18.Japan Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
19.South Korea Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
20.South Africa Pharmaceutical Grade Silica Gel Market Revenue, 2019-2024 ($M)
21.North America Pharmaceutical Grade Silica Gel By Application
22.South America Pharmaceutical Grade Silica Gel By Application
23.Europe Pharmaceutical Grade Silica Gel By Application
24.APAC Pharmaceutical Grade Silica Gel By Application
25.MENA Pharmaceutical Grade Silica Gel By Application
26.Clariant International Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.W R Grace Co -Conn, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Solvay S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.The Dow Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.E. I. Du Pont De Nemours And Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Multisorb Technologies, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Sorbead, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Interra Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Desiccare, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)