Desiccants Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Desiccants Market Shape Industry Trends by 2034?
The desiccants market has experienced strong growth in recent years. It is projected to expand from $0.17 billion in 2024 to $0.18 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.0%. Historical growth drivers include economic expansion in emerging markets, rising disposable incomes, growth in the pharmaceutical and packaging industries, increasing industrialization, and rapid e-commerce expansion.
The desiccants market is projected to grow to $0.24 billion by 2029 at a CAGR of 7.5%, driven by government support, increased demand in the chemical industry, and population growth. Trends include advanced desiccant breathers, new bio-based moisture-adsorbing packets, and product innovations.
What Industry-Specific Factors Are Fueling the Growth of the desiccants Market?
The growth in textile production is anticipated to drive the expansion of the desiccants market in the coming years. Textile manufacturing involves converting fibers into yarn and then transforming the yarn into fabric. Desiccants are useful for controlling humidity in both textile production and storage, helping to prevent mold and preserve fabric quality. For example, the National Council of Textile Organizations reports that textile and apparel shipments reached $65.8 billion in 2022, and exports of fiber, textile, and apparel combined were $34.0 billion in 2021. This surge in textile manufacturing is fueling the growth of the desiccants market.
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Who Are the Key Market Players Influencing the Growth of the Desiccants Industry?
Major companies operating in the desiccants market include:
• BASF_x000D_
• Evonik Industries_x000D_
• W. R. Grace and Co_x000D_
• INEOS Corporation_x000D_
• Clariant_x000D_
What Key Market Trends Are Shaping the Future of the Desiccants Industry?
The demand for desiccants in pharmaceuticals, chemicals, and food industries is increasing to control humidity. Desiccants, such as desiccant wheels, effectively control humidity levels, ensuring safe handling of sensitive products.
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What Are the Primary Segments of the Desiccants Market and Their Roles in Growth Dynamics?
The desiccants market covered in this report is segmented –
1) By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Other Types
2) By Process: Physical Absorption, Chemical Absorption
3) By Application: Electronics, Food, Pharmaceutical, Packing, Other Applications
Subsegments:
1) By Silica Gel: Standard Silica Gel, Indicating Silica Gel, Non-indicating Silica Gel
2) By Zeolite: Natural Zeolite, Synthetic Zeolite, Molecular Sieves
3) By Activated Alumina: Spherical Activated Alumina, Granular Activated Alumina
4) By Activated Charcoal: Granular Activated Charcoal (GAC), Powdered Activated Charcoal (PAC)
5) By Calcium Chloride: Pelleted Calcium Chloride, Flake Calcium Chloride
6) By Clay: Bentonite Clay, Fuller’s Earth
7) By Other Types: Montmorillonite Clay, Bio-Based Desiccants, Other Specialty Desiccants
Which Regions Are Emerging as Leaders in the Desiccants Market?
Asia-Pacific was the largest region in the desiccants market in 2024. North America was the second-largest region in the global desiccants market. The regions covered in the desiccants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Defines the Scope of the Desiccants Market?
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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