Desiccant Market was valued at US$ 0.95 Bn. in 2021. Global Desiccant Market size is expected to grow at a CAGR of 5.24 % through the forecast period.
Desiccant Market Overview:The term desiccant refers to a material or product that is hygroscopic. Desiccants absorb moisture from the environment. Absorbing moisture reduces moisture and prevents damage to the product due to moisture. Desiccants play an important role in the transportation of foods and medicines by absorbing moisture and maintaining a controlled environment to ensure product quality throughout the transportation period. In addition, desiccants are used in the manufacture of insulated windows to prevent the condensation of moisture in windowpanes. Desiccants such as Zeolite are used as drying components in air conditioning systems to maintain the efficiency of the refrigerant. Desiccants are also used in some chemical reactions, such as the Grignard reaction, which uses zeolite as a desiccant, and other chemical reactions that require the removal of water from the solvent. To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Desiccant Market Dynamics:Desiccant Market Covid 19 Impact: Various markets around the world are affected by the disruptions caused by the COVID 19 pandemic. The same has been observed to some extent in the pharmaceutical desiccant market. This was due to several factors such as Supply chain disruption and strict government regulations. During the Covid19 Pandemic, the demand for desiccants in end-use industries such as pharmaceuticals and packaging increased dramatically. However, many blockades and industrial recessions have reduced demand from the electronics market. One of the most important components in the pharmaceutical sector is desiccant. It helps in the reduction of moisture content in medicines, preserving their quality and extending their shelf life. There was a shortage of pharmaceutical desiccants in the early stages of the COVID19 pandemic. This is due to supply chain disruptions in most regions. Following the initial wave of COVID19, different governments took steps to standardize the pharmaceutical supply chain. During this time, demand for pharmaceutical desiccants expanded for a variety of medicinal uses. To keep the COVID19 test kit valid throughout delivery to and from the lab, this ingredient is included. Abbott Laboratories, for example, uses desiccants for quick COVID 19 identification tests and may view the results. Due to supply chain disruptions, desiccants were difficult to get in some end-use sectors. However, supply chains have been limited since the Covid 19 Pandemic. Desiccant Market Drivers: 1) Increasing food and pharmaceutical packaging practices: Increasing food and pharmaceutical packaging practices boost the demand for the desiccant market during the forecast period. Increased demand for pharmaceutical packaging in emerging markets due to improved access to health care, increased healthcare spending, and increased consumer awareness of healthier lifestyles. The pharmaceutical packaging market was valued at US$ 99.9 Bn in 2021. The pharmaceutical packaging market size is expected to grow at a CSGR of 14.4 % through the forecast period. 2) Increased use of desiccant by the electronic market: Manufacturers in the electronics market are working hard to reduce the effects of moisture on their products, which will lead to increased demand for desiccants in the future. Electronic products are extremely sensitive to moisture damage in transit. And if its value is high, there is a big bet on shipping electronic products. Each product requires careful humidity control to ensure the safe delivery of these fragile products. Traditionally, the moisture barrier is on the product packaging and the desiccant (often silica gel) is in the box. However, there are much more sustainable and cost-effective ways to protect both the product and the packaging. The electronics market is expected to reach the US$ 989.33 Bn market size by growing at a CAGR of 5.3% through the forecast period. This increased use of electronics and high demand for innovative products will drive the desiccant market growth. 3) Increased use of desiccant in the chemical sector and air conditioning system: Increasing the use of desiccants in the chemical sector and air conditioning systems will drive the desiccant market in near future. In general, chemical absorption is more effective than physical absorption. However, it is also relatively expensive compared to physically absorbent desiccants, which is exactly why the demand for physically absorbent desiccants on the market today is relatively high. Liquid desiccant air conditioners use liquid desiccant to remove moisture, latent heat, and sensible heat from the process air. The air conditioning system market is valued at US$ 115 Bn in 2021 and is expected to grow at a CAGR of 6.2 through the forecast period. 4) Zeolite and silica gel desiccants have great demand in the market: Desiccants like silica gel and zeolites are in high demand on the market. Desiccants absorb water content and can cause harm if they come into contact with the human body, so care must be used when handling them. To ensure optimum safety, specific packing materials for desiccant. The silica gel desiccant market is expected to grow at a CAGR of 4.8% through the forecast period. Desiccant Market Restraints: 1) High equipment cost: The equipment cost of the machine for producing the desiccant is very high and requires frequent maintenance, and the increase in the equipment cost of the machine increases the production cost of the desiccant. This increases end-user costs. This is hampering the growth of the desiccant market. 2) Stringent rules and a high final Pharma product cost: Pharmaceutical packaging helps to safeguard pharmaceuticals against contamination, damage, degradation, and counterfeiting. Before being employed in pharmaceutical products, desiccant products must demonstrate consistency in their manufacture and technical performance. Furthermore, the relative cost of the final finished product has increased multiple times due to the high quality of packaging for safeguarding pharmaceutical products from external pollutants and keeping them bacteria-free for a long period. As a result, the high cost of the completed product is expected to be a major stumbling block to the pharmaceutical desiccants market's growth.
Desiccant Market Segment Analysis:Based on Type, The activated alumina Segment is dominating the market with a 7.1% CAGR. Activated alumina is a porous solid form of alumina, also known as Al2O3 or alumina. Activated alumina has a variety of uses, one of which is the adsorption of water. Activated alumina can be used as a desiccant to dry the flow of compressed air and other gases and liquids. In addition, adsorbents are widely used to purify gas streams by selective adsorption of specific molecules. The activated alumina Market was valued at US$ 0.17 Bn in 2021. The activated alumina Market size is expected to grow at a CAGR of 8.1% through the forecast period. Silica gel is a porous and granular type of silicon dioxide produced by using sodium silicate. The product is made and supplied commercially in three forms: type A, B, and C. Because of their moisture-proof and dry qualities, type A and B forms are expected to be increasingly used as catalyst carriers, adsorbents, and separators, and perfume carriers. Silica gel is a desiccant or drying agent that manufacturers often put in small packages to prevent moisture from damaging certain foods and commercial products. The silica gel Market was valued at US$ 6.46 Bn in 2021. The silica gel Market size is expected to grow at a CAGR of 6.1% through the forecast period. Silica gel desiccator is highly used in pharmaceutical companies. Based on the End Use, The food segment will hold the highest market share in terms of revenue in 2021, accounting for more than one-third of the desiccant market, and is expected to remain number one during the forecast period. This is due to its use as a desiccant to protect certain foods. Pharmaceuticals are fast a growing segment of the desiccator market. A pharmaceutical desiccant is a hygroscopic substance that causes or promotes the dryness (drying) of its surface. It's the opposite of moisturizers. A commonly experienced packaged desiccant is a solid that absorbs water. Pharmaceutical desiccants are used for special purposes. This is any form other than solid and may work on other principles. It is also used for the chemical bonds of water molecules. Desiccants are often used in foods to keep them crispy. In market, desiccants are mainly used to maintain the water level of the gas stream. The Pharmaceutical desiccant market is expected to grow at a CAGR of 4.76%through the forecast period. Based on the Process of Absorption, the Desiccant Market is segmented into Physical and Chemical Absorption. The desiccant absorbs water and traps it in the surface and capillaries without changing the properties of the water. This is called physical absorption. On the other hand, some desiccants absorb water and react with it to form another mixture called chemical absorption. Physical absorption of water is reversible, but chemical absorption is irreversible. In general, this type of silica gel, zeolites, and other desiccants act by physical absorption and desiccants such as calcium chloride and magnesium sulfate act by chemical absorption.
Desiccant Market Regional Insights:Asia Pacific is expected to grow at a CAGR of 6.3 % through the forecast period. The desiccant market is dominated by China primarily in the Asia Pacific region, especially in terms of production and consumption. The electronics, chemical, and pharmaceutical industries are experiencing significant growth in the APAC region and have the potential to drive growth in the desiccant market during the forecast period. The APAC desiccant market will register a healthy CAGR during the forecast period. Electronics Market in the Asia Pacific region is expected to grow at a CAGR of 9% through the forecast period, and Chemical Companies in the Asia Pacific region are expected to grow at a CAGR of $.25% through the forecast period. And Pharmaceutical Market in the Asia Pacific region is expected to grow at a CAGR of 4.5%. North America, followed by Europe, is expected to be the second-largest desiccant market. Increasing demand for desiccants in the packaging market, coupled with demand for consumer products, is expected to drive growth in the desiccant market through the forecast period. The North America region dominated the market with a 27.4% share in 2021. The desiccant Market of North America is expected to grow at a CAGR of 4.5% through the forecast period. North America, especially the United States, is expected to be a major desiccant market and is expected to witness significant growth through the forecast period. The United States is one of the fasted growing packaging markets. The packaging market in the United States is valued at US$ 183.65 Bn in 2021 and it will reach US$ 218.23 Bn by 2027. The Packaging market in the US is expected to grow at a CAGR of 2.95%through the forecast period. In addition, the South American desiccant market is expected to witness significant growth during the forecast period. The pharmaceutical desiccant market in South America is expected to grow at a CAGR of 4.87% through the forecast period. Europe, the Middle East, and Africa are expected to record relatively modest growth during the forecast period. Manufacturing is an important part of many product-oriented businesses all around the world and the desiccant is mainly used in the manufacturing units. This list of the top five manufacturing countries in the world will help in figuring out where other companies outsource their production. The objective of the report is to present a comprehensive analysis of the global Desiccant Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Desiccant Market dynamic, and structure by analyzing the market segments and projecting the Desiccant Market size. Clear representation of competitive analysis of key players by Product type, price, financial position, product portfolio, growth strategies, and regional presence in the Desiccant Market make the report investor’s guide.
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Global Desiccant Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 0.95 Bn Forecast Period 2022 to 2027 CAGR: 5.24% Market Size in 2027: US $ 1.22 Bn Segments Covered: by Type • Silica Gel • Activated Alumina • Activated Charcoal • Zeolite • Calcium Chloride • Clay • Others by Process of Absorption • Physical Absorption • Chemical Absorption by End-Use • Packaging • Food • Pharmaceutical • Electronics • Others
Desiccant Market by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Desiccant Market Key Players• Tropack Packmitel GmBH • Oker-Chemie GmBH • Fuji Silysia Chemical Ltd. • Desicca Chemicals Pvt. Ltd. • Oker-Chemie GmBH • Hengye, Inc. • Multisorb technologies • Clariant • Capitol Scientific, Inc. • W. R. Grace And Co. • Evonik Industries • Shandong Sinchem Group • Dongying Yiming • Sorbead • Abbas Frequently Asked Questions: 1] What segments are covered in the Global Desiccant Market report? Ans. The segments covered in the Desiccant Market report are based on Type, Process of Absorption, End Use and Region. 2] Which region is expected to hold the highest share in the Global Desiccant Market? Ans. The Asia Pacific region is expected to hold the highest share in the Desiccant Market. 3] What is the market size of the Global Desiccant Market by 2027? Ans. The market size of the Desiccant Market by 2027 is expected to reach US$ 1.22 Bn. 4] What is the forecast period for the Global Desiccant Market? Ans. The forecast period for the Desiccant Market is 2022-2027. 5] What was the market size of the Global Desiccant Market in 2021? Ans. The market size of the Desiccant Market in 2021 was valued at US$ 0.95 Bn.
1. Global Desiccant Market Size: Research Methodology 2. Global Desiccant Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Desiccant Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Desiccant Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Desiccant Market Size Segmentation 4.1. Global Desiccant Market Size, by Type (2021-2027) • Silica Gel • Activated Alumina • Activated Charcoal • Zeolite • Calcium Chloride • Clay • Others 4.2. Global Desiccant Market Size, by Process of Absorption (2021-2027) • Physical Absorption • Chemical Absorption 4.3. Global Desiccant Market Size, by End User (2021-2027) • Packaging • Food • Pharmaceutical • Electronics • Others 5. North America Desiccant Market (2021-2027) 5.1. North America Desiccant Market Size, by Type (2021-2027) • Silica Gel • Activated Alumina • Activated Charcoal • Zeolite • Calcium Chloride • Clay • Others 5.2. North America Desiccant Market Size, by Process of Absorption (2021-2027) • Physical Absorption • Chemical Absorption 5.3. North America Desiccant Market Size, by End User (2021-2027) • Packaging • Food • Pharmaceutical • Electronics • Others 5.4. North America Desiccant Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Desiccant Market (2021-2027) 6.1. European Desiccant Market, by Type (2021-2027) 6.2. European Desiccant Market, by Process of Absorption (2021-2027) 6.3. European Desiccant Market, by End User (2021-2027) 6.4. European Desiccant Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Desiccant Market (2021-2027) 7.1. Asia Pacific Desiccant Market, by Type (2021-2027) 7.2. Asia Pacific Desiccant Market, by Process of Absorption (2021-2027) 7.3. Asia Pacific Desiccant Market, by End User (2021-2027) 7.4. Asia Pacific Desiccant Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Desiccant Market (2021-2027) 8.1. Middle East and Africa Desiccant Market, by Type (2021-2027) 8.2. Middle East and Africa Desiccant Market, by Process of Absorption (2021-2027) 8.3. Middle East and Africa Desiccant Market, by End User (2021-2027) 8.4. Middle East and Africa Desiccant Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Desiccant Market (2021-2027) 9.1. South America Desiccant Market, by Type (2021-2027) 9.2. South America Desiccant Market, by Process of Absorption (2021-2027) 9.3. South America Desiccant Market, by End User (2021-2027) 9.4. South America Desiccant Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Fuji Silysia Chemical Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Desicca Chemicals Pvt. Ltd. 10.3. Tropack Packmitel GmBH 10.4. Oker-Chemie GmBH 10.5. Hengye, Inc. 10.6. Multisorb technologies 10.7. Clariant 10.8. Capitol Scientific, Inc. 10.9. W. R. Grace And Co. 10.10. Evonik Industries 10.11. Shandong Sinchem Group 10.12. Dongying Yiming 10.13. Sorbead 10.14. Abbas