According to TechSci Research report, “Desiccants Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Desiccants Market stood at USD987.65 million in 2022 and is anticipated to grow with a CAGR of 4.65% in the forecast period, 2023-2028. The initiatives taken by government based on desiccants has led to favorable market conditions for the Global Desiccants Market. Several factors contribute to the growth of various desiccants market products.
Many government initiatives are dedicated to promoting energy efficiency and environmental sustainability. For instance, the U.S. Department of Energy has been actively funding research and development projects focused on desiccant-based technologies. These initiatives aim to improve energy efficiency in various areas, including the development of next-generation desiccant-based gas clothes dryers and integrated heat pump systems coupled with liquid desiccant dehumidification systems.
By supporting these projects, governments not only encourage the use of desiccants but also drive innovation in the sector. The goal is to foster the development of advanced desiccant solutions that are even more efficient and environmentally friendly. This commitment to research and development allows for the exploration of new possibilities and the implementation of cutting-edge technologies in energy efficiency and sustainability.
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Manufacturers in the electronics market are investing significant efforts to mitigate the detrimental impact of moisture on their products. As the demand for electronics continues to soar, there is a growing realization of the need for effective moisture control measures. The vulnerability of electronic products to moisture damage during transportation cannot be overstated, especially when their value is substantial.
To safeguard these delicate devices, meticulous humidity control is imperative to ensure their secure delivery. By employing advanced desiccants, which absorb moisture and maintain optimal humidity levels, manufacturers can enhance the protection of their products throughout the supply chain, ultimately ensuring customer satisfaction and minimizing potential losses.
The Global Desiccants Market is segmented into type, end user, regional distribution, and company.
Based on its type, the activated alumina segment held the largest share in the market. Activated alumina, also known as Al2O3 or alumina, is a highly porous solid with extensive applications. One of its key uses is as a desiccant, effectively adsorbing water from compressed air, gases, and liquids. This versatile material plays a crucial role in drying processes, ensuring the purity and quality of various industrial streams. Moreover, activated alumina acts as an adsorbent, selectively purifying gas streams by capturing specific molecules. Its remarkable adsorption properties make it an indispensable tool in various industries, contributing to enhanced efficiency and optimal performance.
Based on region, North America segment is expected to grow during the forecast period.
The increasing demand for desiccants in the packaging market, driven by the need to protect sensitive products from moisture damage, along with the growing demand for consumer products worldwide, is expected to fuel significant growth in the desiccant market throughout the forecast period. Desiccants play a crucial role in preserving the quality and shelf life of various goods, such as electronics, pharmaceuticals, and food products, by effectively absorbing and controlling moisture levels. As industries continue to prioritize product integrity and customer satisfaction, the desiccant market is poised to experience sustained growth and offer lucrative opportunities for manufacturers and suppliers in the coming years.
Major companies operating in Global Desiccants Market are:
- Fuji Silysia Chemical Ltd.
- Desicca Chemical Pvt. Ltd.
- TROPACK Packmitel GmbH
- Oker-Chemie GmbH
- Hengye, Inc.
- Multisorb Technologies Inc
- Clariant AG
- Capitol Scientific, Inc.
- W. R. Grace & Co.-Conn.
- Evonik Industries AG
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“Growing application of desiccants in various end user industries are key drivers of the desiccants market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of desiccants with every passing year are anticipated to register an impressive growth to Global Desiccants Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Desiccants Market By Type (Silica Gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride, Clay, Others), By End User (Packaging, Food, Pharmaceutical, Electronics, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Desiccants Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Desiccants Market.
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