Desiccants Global Market To Reach Value Of About $170 Million In 2025

30 Nov, 2021

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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 Size And Drivers:

The global desiccants market is expected to grow from $130 million in 2020 to $140 million 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 $170 million in 2025 at a CAGR of 5%. Increasing demand for desiccants in the packaging industry combined with that in consumer products drives the growth of the desiccants market.

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Trends In The Global Desiccants Market

Rising demand for desiccants in pharmaceuticals, chemicals, food, and beverages to control humidity in manufacturing and processing products. Rise in carbon percent and increased atmospheric temperature causes damage to products due to high moisture content in atmosphere. Various methods of dehumidification are used by these industries to avoid moisture contents in a close vicinity. For example, desiccant wheels are most effective and economical methods used to control humidity level for these industries.

Global Desiccants Market Segments:
The global desiccants market is further segmented –
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 global desiccants market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Desiccants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides desiccants market overviews, analyzes and forecasts market size and growth for the global desiccants market, desiccants market share, desiccants market players, desiccants market segments and geographies, desiccants market’s leading competitors’ revenues, profiles and market shares. The desiccants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.