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Desiccants Market Size & Share, By Type (Silica gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride, Clay, Others), End- user (Packaging, Food, Pharmaceutical, Electronics, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 6115

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Desiccants Market surpassed USD 1.21 Billion in 2023 and is expected to exceed USD 1.91 Billion by end of the year 2032, observing around 5.2% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 1.21 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

5.2%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 1.91 Billion

19-23 x.x %
24-32 x.x %
Desiccants Market

Historical Data Period

2019-2023

Desiccants Market

Largest Region

North America

Desiccants Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The increasing demand for desiccants in the pharmaceutical and food packaging industries, as well as the growing awareness about the benefits of using desiccants in preserving the quality of products, are key factors driving the growth of the desiccants market. Additionally, the expanding electronic and semiconductor industries are also contributing to the market growth by creating a high demand for moisture control solutions.

Report Scope

Report CoverageDetails
Segments CoveredType, End- user
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledHengye, Inc, Capitol Scientific, Inc, Desicca Chemical Pvt.., Fuji Silysia Chemical., W.R. Grace & Co-Conn, CLARIANT, Multisorb, TROPACK Packmitel , OKER-CHEMIE , Evonik Industries AG

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Industry Restraints:

The high cost associated with the use of desiccants, as well as the availability of alternative moisture control solutions, are major restraints hindering the growth of the desiccants market. Furthermore, the environmental regulations and concerns regarding the disposal of desiccants are also posing challenges to the market growth.

Regional Forecast:

Desiccants Market

Largest Region

North America

XX% Market Share in 2023

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North America:

The Desiccants Market in North America is expected to witness significant growth due to the growing awareness about the benefits of using desiccants in various industries such as pharmaceuticals, food and beverages, electronics, and others. The United States and Canada are the leading countries driving the market growth in the region. The increasing demand for packaged food products and pharmaceuticals is expected to boost the consumption of desiccants in the region.

Asia Pacific:

Asia Pacific is projected to be the fastest-growing region in the Desiccants Market. Countries like China, Japan, and South Korea are the major contributors to the growth of the market in the region. The rising population, rapid industrialization, and increasing demand for consumer goods are driving the demand for desiccants in various industries in Asia Pacific. The growing awareness about the importance of moisture control in maintaining the quality of products is also fueling market growth in the region.

Europe:

Europe is a mature market for desiccants, with countries like the United Kingdom, Germany, and France leading the market growth. The presence of a well-established food and beverage industry, along with stringent regulations related to product quality and safety, is driving the demand for desiccants in Europe. The increasing focus on sustainable packaging solutions and the growing adoption of desiccants in the pharmaceutical and electronics industries are expected to further propel market growth in the region.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Desiccants Market
Desiccants Market

Segmentation Analysis:

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In terms of segmentation, the global Desiccants market is analyzed on the basis of Type, End- user.

Desiccants Market by Type:

Silica Gel: Silica gel is one of the most commonly used desiccants in various industries due to its high absorption capacity and low cost. It is widely used in packaging, food, pharmaceutical, and electronics industries.

Activated Alumina: Activated alumina is known for its ability to absorb moisture and other impurities effectively. It is mainly used in pharmaceutical and electronics industries where maintaining product integrity is crucial.

Activated Charcoal: Activated charcoal is a versatile desiccant that is widely used in the food and pharmaceutical industries. It is known for its ability to adsorb a wide range of impurities and odors.

Zeolite: Zeolite is a natural desiccant that is commonly used in packaging and electronics industries. It is known for its high absorption capacity and ability to regulate humidity levels effectively.

Calcium Chloride: Calcium chloride is a highly efficient desiccant that is widely used in various industries including pharmaceutical and food. It is known for its ability to absorb moisture rapidly and maintain low humidity levels.

Clay: Clay desiccants are popular in packaging and electronics industries due to their cost-effectiveness and high absorption capacity. They are known for their ability to maintain product integrity by controlling humidity levels.

Others: Other types of desiccants include molecular sieves, montmorillonite, and sodium sulfate, which are used in various industries based on their specific properties and requirements.

Desiccants Market by End-User:

Packaging: Desiccants are extensively used in packaging industries to prevent moisture damage to products during storage and transportation. Silica gel and clay desiccants are commonly used in packaging to maintain product quality and integrity.

Food: Desiccants play a crucial role in the food industry by preventing moisture damage, which can lead to spoilage and contamination. Activated charcoal and zeolite desiccants are commonly used in food packaging to extend shelf life and maintain freshness.

Pharmaceutical: Desiccants are essential in the pharmaceutical industry to protect drugs and medicines from moisture damage, which can affect their efficacy and stability. Activated alumina and calcium chloride desiccants are widely used in pharmaceutical packaging to ensure product quality.

Electronics: Desiccants are vital in the electronics industry to prevent moisture damage to sensitive electronic components and devices. Silica gel and activated charcoal desiccants are commonly used in electronics packaging to maintain optimal humidity levels and prevent malfunctions.

Others: Desiccants are also used in various other industries such as automotive, textile, and aerospace for moisture control and preservation of products. Different types of desiccants are chosen based on specific industry requirements and applications.

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Competitive Landscape:

The desiccants market is characterized by intense competition among various players offering a wide range of products, including silica gel, molecular sieves, activated alumina, and more. The market is driven by the growing demand for moisture control solutions across several industries such as pharmaceuticals, food and beverage, electronics, and logistics. Key trends influencing the competitive landscape include technological advancements in manufacturing processes and a shift towards eco-friendly desiccant solutions. Furthermore, mergers and acquisitions are common as companies seek to enhance their product portfolios and expand their geographic reach. As a result, modern desiccant manufacturers are continually innovating to maintain sustainability and improve efficiency, thereby positioning themselves strategically in the market.

Top Market Players

- Clariant AG

- W.R. Grace & Co.

- BASF SE

- Desicca, Inc.

- Merck KGaA

- Honeywell International Inc.

- Daikin Industries, Ltd.

- Fujifilm Holdings Corporation

- Sorbead India

- XPO Logistics, Inc.

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Desiccants Market Size & Share, By Type (Silica ge...

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