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US Pharmaceutical Desiccants Market Research Report Information By Type (Silica Gel, Activated, Carbonclay Desiccant, Molecular Sieves), By End-use (Tablets, API’s, Capsules, Nutraceutical Product Packaging), and By Region - Global Forecast to 2030

ID: MRFR/CnM/11407-US | 100 Pages | Author: MRFR Research Team| December 2023
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Overview: In the vast market of pharmaceutical desiccants, the United States takes the lead, holding a significant 79.20% share in 2020. This amounts to 2,670.92 tons. Looking ahead, the US market is anticipated to show a steady growth rate, with a Compound Annual Growth Rate (CAGR) of 4.11% from 2021 to 2030. Canada, on the other hand, claimed a 20.80% market share in 2020, equivalent to 701.64 tons. The Canadian market is forecasted to grow with a CAGR of 3.56%.

Types of Desiccants: Breaking down the types of desiccants, silica gel takes the lead, capturing the largest market share of 42.89% in 2020. This translates to a market value of USD 9,850.0 thousand. Silica gel is expected to maintain its prominence and exhibit the highest growth rate, with a CAGR of 5.08% during the forecast period. The activated desiccant segment follows closely, holding the second-largest market share in 2020, valued at USD 5,961.9 thousand. It is projected to grow with a CAGR of 4.65%.

Regional Growth: Zooming in on the regional dynamics, the silica gel segment continued to dominate the market in 2020, claiming a share of 42.87% and accounting for 1,145.11 tons. This segment is expected to sustain its leading position, showcasing the highest CAGR of 4.58% from 2021 to 2030. The activated desiccant segment held the second-largest share in 2020, making up 25.43% or 679.24 tons. It is anticipated to grow steadily with a CAGR of 4.15%.

Application in Pharmaceuticals: In terms of applications, the tablets segment emerged as the leader, securing the largest market share of 34.37% in 2020. This corresponds to a market value of USD 7,895.2 thousand. Projections indicate that the tablets segment will maintain its dominance, exhibiting the highest CAGR of 5.28% during the forecast period. The API’s (Active Pharmaceutical Ingredients) segment follows closely, accounting for the second-largest market share in 2020, valued at USD 6,115.9 thousand. It is expected to grow with a CAGR of 4.80%.

In essence, the North American pharmaceutical desiccants market, particularly in the United States, is thriving, with silica gel leading the pack and applications in tablets showing remarkable growth potential in the coming years.

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