Desiccant Market was valued at US$ 1.05 Bn. in 2023. Global Desiccant Market size is expected to grow at a CAGR of 5.24 % through the forecast period.
What is Desiccant Market scope ?
The scope of the Desiccant Market encompasses a wide range of industries that utilize desiccants to control moisture and maintain product quality. Desiccants are used extensively in food and pharmaceutical packaging, electronics, air conditioning systems, and chemical processing to absorb moisture and prevent damage. The market covers various types of desiccants such as silica gel, zeolite, and activated alumina, which are employed across multiple sectors to enhance product longevity and performance. The market’s growth is driven by rising demand in packaging, pharmaceuticals, electronics, and chemical industries, with opportunities for innovation and product diversification.
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Desiccant Market Trends?
The desiccant market is witnessing several key trends that are driving its growth. One significant trend is the increasing demand for desiccants in the packaging of pharmaceuticals and food products, as these industries require moisture control to maintain product quality and extend shelf life. With the rise of e-commerce and globalization, the need for safe and efficient packaging solutions is boosting the desiccant market. Another trend is the growing use of desiccants in the electronics sector, where they play a crucial role in protecting sensitive devices from moisture damage during transit. Additionally, advancements in air conditioning systems and the use of desiccants in chemical processes, such as the production of air-dried chemicals, are expanding the market’s applications. The market is also seeing a shift toward sustainable and eco-friendly desiccant materials, driven by environmental concerns and regulations. These trends collectively contribute to the market’s anticipated steady growth.
What are Desiccant Market Dynamics ?
The dynamics of the Desiccant Market are shaped by various factors that influence its growth and development. Key drivers include the increasing demand for moisture control in food and pharmaceutical packaging, which is critical to preserving product quality and extending shelf life. In the electronics industry, desiccants are essential for protecting sensitive products from moisture damage during transportation. Additionally, the growing use of desiccants in air conditioning systems and the chemical sector is boosting market expansion. However, challenges such as high equipment costs for desiccant production and stringent regulatory requirements in the pharmaceutical industry pose restraints. The COVID-19 pandemic also impacted the market by disrupting supply chains, particularly in the pharmaceutical sector, but demand surged for desiccants in packaging and healthcare applications, partially offsetting the negative effects. These dynamics collectively shape the trajectory of the Desiccant Market, contributing to both opportunities and obstacles for industry stakeholders.
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How is the Asia-Pacific region of Expected to grow ?
Asia Pacific is expected to grow at a CAGR of 6.3 % through the forecast period. The desiccant market is dominated by China primarily in the Asia Pacific region, especially in terms of production and consumption. The electronics, chemical, and pharmaceutical industries are experiencing significant growth in the APAC region and have the potential to drive growth in the desiccant market during the forecast period. The APAC desiccant market will register a healthy CAGR during the forecast period. Electronics Market in the Asia Pacific region is expected to grow at a CAGR of 9% through the forecast period, and Chemical Companies in the Asia Pacific region are expected to grow at a CAGR of $.25% through the forecast period. And Pharmaceutical Market in the Asia Pacific region is expected to grow at a CAGR of 4.5%.
what is the expected growth of by Type Industry, segmentation ?
Based on Type, The activated alumina Segment is dominating the market with a 7.1% CAGR. Activated alumina is a porous solid form of alumina, also known as Al2O3 or alumina. Activated alumina has a variety of uses, one of which is the adsorption of water. Activated alumina can be used as a desiccant to dry the flow of compressed air and other gases and liquids. In addition, adsorbents are widely used to purify gas streams by selective adsorption of specific molecules. The activated alumina Market was valued at US$ 0.17 Bn in 2023. The activated alumina Market size is expected to grow at a CAGR of 8.1% through the forecast period.
What is Desiccant Market Segmentation
by Type
Silica Gel
Activated Alumina
Activated Charcoal
Zeolite
Calcium Chloride
Clay
Others
by Process of Absorption
Physical Absorption
Chemical Absorption
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What are the key Players for Desiccant Market
North America
1. Hengye, Inc.
2. Capitol Scientific, Inc.
3. W. R. Grace And Co.
4. Sanner
5. CSP Technologies
6. Desiccare
7. DuPont
8. Interra Global
Europe
9. Oker-Chemie GmBH
10. Evonik Industries
11. Munters
12. Proflute Ab Sanner Gmbh
13. Evonik Industries AG
14. Solvay
15. Merck KGaA
Key Offerings:
- Past Market Size and Competitive Landscape
- Desiccant Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Desiccant Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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