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.
Industry
Report Coverage | Details |
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Segments Covered | Type, 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 Profiled | Hengye, Inc, Capitol Scientific, Inc, Desicca Chemical Pvt.., Fuji Silysia Chemical., W.R. Grace & Co-Conn, CLARIANT, Multisorb, TROPACK Packmitel , OKER-CHEMIE , Evonik Industries AG |
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.