Global Pharmaceutical Grade Silica Gel Market is projected to reach a market size of USD 71.05 million by 2025, according to a new report by Grand View Research, Inc. The pharmaceutical grade silica gel market is expected to witness significant growth over the forecast period owing to the increasing demand for excipients.
Pharmaceutical grade silica gel is used in a various applications including desiccant, drug carrier, adsorbent, glidant, and other excipients. Excipients can be used in numerous forms in food, cosmetics, and medicine industries. They act as colorants, lubricants & glidants, binders, disintegrates, flavouring agents, capsules, solvents, coatings, preservatives, fillers & diluents, suspension and viscosity agents. Excipients are also manufactured for their consumption in the cosmetics & personal care and food industry, along with pharmaceutical industry.
Growing pharmaceutical industry has propelled the growth of drug production, which in turn, has increased the excipient consumption over the past few years. This is expected to be a major factor fuelling the demand for pharmaceutical grade silica gel. Desiccant dominated the market for pharmaceutical grade silica gel globally. The other key applications include drug carrier, adsorbent, and glidants.
Access for full Detail of Report and Complete TOC: http://www.grandviewresearch.com/industry-analysis/pharmaceutical-grade-silica-gel-market
Further key findings from the report suggest
View Blog on Pharmaceutical Grade Silica Gel by Grand View Research: http://www.grandviewresearch.com/blog/pharmaceutical-grade-silica-gel-market-size-share
Grand View Research has segmented the global pharmaceutical grade silica gel market on the basis of application and region:
Application Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2025)
Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us@ www.grandviewresearch.com