Chemicals

Insights Into The Desiccants Market’s Growth Opportunities Through 2023-2032 – Includes Desiccants Market Demand

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

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

 

The global desiccants market is expected to grow from $0.15 billion in 2022 to $0.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The desiccants market is expected to grow from $0.2 billion in 2027 at a CAGR of 5.4%.

 

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Global Desiccants Market Segments Include:

  • By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Other Types
  • By Process: Physical Absorption, Chemical Absorption
  • By Application: Electronics, Food, Pharmaceutical, Packing, Air & Gas Drying, Other Applications
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global desiccants market in 2021.

 

Major Market Players in the desiccants market include Porocel, Dow Chemical, INEOS, Fuji Silysia Chemical, Hengye Molecular Sieve, Qingdao Makll, Zeotec Adsorbents Private Limited.

 

Desiccants are compounds or agents used to facilitate a low humidity environment by absorbing moisture content from the air during the storage or maintenance of materials and products. Desiccants are used in the pharmaceutical process chain. The correct selection and use of a desiccant can prevent chemical reactions and ensure the integrity and performance of finished products. For example, Pradaxa (dabigatran etexilate mesylate) is packaged in a bottle containing a 30-day supply with a desiccant (drying agent) in the cap to help keep moisture away from the capsules.

 

The Desiccants Global Market Report 2023  provides a desiccants market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The desiccants market forecast analyzes desiccants market size, desiccants market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

A desiccant is a hygroscopic substance that absorbs moisture from the environment and protects products from moisture damage. The desiccants are generally used to keep items dry and stable.

 

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