Chemicals

Global Desiccants Market Overview And Prospects

November 30, 2021November 30, 2021 by The Business Research Company

Learn about the global desiccants market through The Business Research Company, which provides information on desiccants market size, desiccants market drivers and restraints, desiccants market players, the COVID-19 impact on the desiccants market, and more.

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The global desiccants market is expected to grow from $0.13 billion in 2020 to $0.14 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The desiccants market is expected to reach $0.17 billion in 2025 at a CAGR of 5%.

Increasing demand for desiccants in the packaging industry combined with that in consumer products are expected to drive innovation in desiccants manufacturing, thus driving the market during the forecast period.

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The desiccants market consists of sales of desiccants materials or products. Desiccants absorb the moisture from the surroundings and prevent the products from getting damaged due to moisture. Desiccants materials includes silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay and others.

Global desiccants market segments include:

By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Others

By Application: Electronics, Food, Pharmaceutical, Packing, Air & Gas Drying, Others

By Process: Physical Absorption, Chemical Absorption

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Desiccants are compounds or agents used to facilitate low humidity environment by absorbing moisture content from the air during storage or maintenance of materials and products. Desiccants are used in pharmaceutical process chain. The correct selection and use of a desiccant can prevent chemical reactions and ensures the integrity and performance of finished products.

TBRC’s desiccants market report covers:

Major Market Players: Porocel, The Dow Chemical, INEOS, Fuji Silysia Chemical, and Hengye Molecular Sieve.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Desiccants Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides desiccants market overviews, analyzes and forecasts market size, share, desiccants market players, desiccants market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s desiccants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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