Global Pharmaceutical Desiccant Industry
- Overview
The Pharmaceutical Desiccant Industry is very dynamic in nature and is expected to
witness high growth over the forecast period. The growth of the Pharmaceutical
Desiccant Industry is
influenced by growing pharmaceutical industry, increase in ageing population,
and government initiative for pharmaceutical industry whereas it is hindered by
the stringent regulations and temperature fluctuation.
The continuous growth in the pharmaceutical industry is
fuelling the overall growth of the Pharmaceutical Desiccant Industry . The
rapid growth of the pharmaceutical market is mainly driven by the rising income
and economic gains. The rise in the income, especially for the lower income
level, along with the government commitments for providing basic health facilities,
will make medicines available and affordable for the population. This will lead
to the growth of pharmaceutical industry and indirectly will lead to more usage
of pharmaceutical desiccant.
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The rise in the ageing population leads to increasing
diseases and more requirement of medical facilities in the population. This
will increase the usage of medical facilities and health care products. Due to
this, there will be an increase in the production of pharmaceutical desiccants.
People are becoming aware about the diseases occurring due to growing age and
are using the products which are healthy for them.
Government of India has taken various initiatives to ensure
the approval, safety and marketing of quality drugs. The Central Drug Standards
and Control Organization (CDSCO) provides the standards and measures for safety
of the drugs, and ensures quality of the drug. It also regulates the market
authorization of new drugs and approves the license for the manufacture of the
drug. Due to the above regulatory bodies, there is an increase in the
reliability of pharmaceutical products, which has resulted in the increased use
of pharmaceutical desiccants.
Key Players:
E. I. du Pont de Nemours and Company (U.S.), Multisorb
Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.),
Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co
(U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), and Oker-Chemie GmbH
(Germany) are some of the prominent players at the forefront of competition in
the global Pharmaceutical Desiccant Industry
and are profiled in MRFR Analysis.
Global Pharmaceutical Desiccant Industry
- Competitive Analysis
The major market players adopted various strategies to
retain and/or expand their market share. Key strategies followed by most
companies within the global Pharmaceutical Desiccant Industry were new product development. T
he major players operating in this market, to have adopted
these strategies are E. I. du Pont de Nemours and Company (U.S.), Multisorb
Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.),
Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co
(U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), Oker-Chemie GmbH
(Germany) and others. This strategy is widely adopted to increase the number of
offerings to the customer. New innovations in the technology of manufacturing
desiccants also lead to new product
developments.
During the period 2014-2016, amongst all the key
developments, E. I. du Pont de Nemours and Company (U.S.) had the largest share
of the merger and acquisition strategy. For instance, E. I. du Pont de Nemours
and Company (U.S.) acquired Taxon Biosciences, Inc. (California), a leading
microbiome discovery company. This acquisition will build on DuPont’s in-house
capabilities and unparalleled market access in both seed and crop protection to
discover and commercialize biological solutions for agriculture customers
globally. The unique technology platform of Taxon Biosciences, Inc. coupled
with DuPont’s robust research capabilities and positioning across several
markets makes, the integration of Taxon into DuPont, a natural fit and will
support DuPont’s ability to bring new products to the market, faster.
Clariant Global adopted joint ventures as its key strategy.
The company has undergone joint ventures with ASK Group, Scientific Design
Company Inc., Süd-Chemie India Pvt Ltd and others. For instance, the company
underwent a joint venture with Scientific Design Company Inc., U.S., a producer
of ethylene and oxide catalysts, which is co-owned by the Saudi Arabia-based,
Sabic Group and has around 140 employees.
CSP Technologies, Inc. adopted new product development as
its key strategy. For instance, the company introduced Pharmapuck™ Scavenging
Devices, an Integrated Solution for Oral Solid Dose Products. It can be
integrated directly into primary containers to protect oral solid dose (OSD)
products from moisture and oxygen absorption.
Global Pharmaceutical Desiccant Industry
- Segments
Global Pharmaceutical
Desiccant Industry is segmented in to 3 Key dynamics for an easy
grasp and enhanced understanding.
Segmentation By Type: Comprises – Silica
Gel, Activated, Carbonclay Desiccant, Molecular Sieves and Others
Segmentation By End-use: Comprises –
Tablets, API’s, Capsules, Diagnostic Kit and Nutraceutical Product Packaging
Segmentation By Regions: Comprises Geographical
regions - North America, Europe, APAC and Rest of the World
Global Pharmaceutical Desiccant Industry
- Regional Analysis
On the basis of region, North America region dominates the Pharmaceutical
Desiccant Industry . High adoption of desiccants for
pharmaceutical and chemical sectors helped the North America desiccant market
stay ahead of other regional markets.
Europe was the second-largest market in 2015. Latest
developments in healthcare sector and the strategies behind them to new
marketing and commercialization models and the regulations drives the Europe Pharmaceutical
Desiccant Industry . However, Asia-Pacific is projected to grow
at the highest CAGR. Growing manufacturing activities and ageing population
driving the growth of the market.
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