Global Desiccants Market to Grow with a CAGR of 4.65% through 2028
Increased use of desiccant by the electronic market is expected to drive
the Global Desiccants Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Desiccants
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Desiccants Market stood at USD987.65
million in 2022 and is anticipated to grow with a CAGR of 4.65% in the forecast
period, 2023-2028. The initiatives taken by government based on desiccants has
led to favorable market conditions for the Global Desiccants Market. Several
factors contribute to the growth of various desiccants market products.
Many government
initiatives are dedicated to promoting energy efficiency and environmental
sustainability. For instance, the U.S. Department of Energy has been actively
funding research and development projects focused on desiccant-based
technologies. These initiatives aim to improve energy efficiency in various
areas, including the development of next-generation desiccant-based gas clothes
dryers and integrated heat pump systems coupled with liquid desiccant
dehumidification systems.
By supporting
these projects, governments not only encourage the use of desiccants but also
drive innovation in the sector. The goal is to foster the development of
advanced desiccant solutions that are even more efficient and environmentally
friendly. This commitment to research and development allows for the
exploration of new possibilities and the implementation of cutting-edge
technologies in energy efficiency and sustainability.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Global Desiccants Market”
Manufacturers in
the electronics market are investing significant efforts to mitigate the
detrimental impact of moisture on their products. As the demand for electronics
continues to soar, there is a growing realization of the need for effective
moisture control measures. The vulnerability of electronic products to moisture
damage during transportation cannot be overstated, especially when their value
is substantial.
To safeguard
these delicate devices, meticulous humidity control is imperative to ensure
their secure delivery. By employing advanced desiccants, which absorb moisture
and maintain optimal humidity levels, manufacturers can enhance the protection
of their products throughout the supply chain, ultimately ensuring customer
satisfaction and minimizing potential losses.
The Global
Desiccants Market is segmented into type, end user, regional distribution, and company.
Based on its type, the activated alumina segment held
the largest share in the market. Activated alumina, also known as Al2O3 or
alumina, is a highly porous solid with extensive applications. One of its key
uses is as a desiccant, effectively adsorbing water from compressed air, gases,
and liquids. This versatile material plays a crucial role in drying processes,
ensuring the purity and quality of various industrial streams. Moreover,
activated alumina acts as an adsorbent, selectively purifying gas streams by
capturing specific molecules. Its remarkable adsorption properties make it an
indispensable tool in various industries, contributing to enhanced efficiency
and optimal performance.
Based on region, North America segment is expected to
grow during the forecast period.
The increasing demand for desiccants in the packaging
market, driven by the need to protect sensitive products from moisture damage,
along with the growing demand for consumer products worldwide, is expected to
fuel significant growth in the desiccant market throughout the forecast period.
Desiccants play a crucial role in preserving the quality and shelf life of
various goods, such as electronics, pharmaceuticals, and food products, by
effectively absorbing and controlling moisture levels. As industries continue
to prioritize product integrity and customer satisfaction, the desiccant market
is poised to experience sustained growth and offer lucrative opportunities for
manufacturers and suppliers in the coming years.
Major companies operating in Global Desiccants Market are:
- Fuji Silysia Chemical Ltd.
- Desicca Chemical Pvt. Ltd.
- TROPACK Packmitel GmbH
- Oker-Chemie GmbH
- Hengye, Inc.
- Multisorb Technologies Inc
- Clariant AG
- Capitol Scientific, Inc.
- W. R. Grace & Co.-Conn.
- Evonik Industries AG
Download FreeSample Report
Customers can also request for 10%
free customization on this report
“Growing application of desiccants in various end user
industries are key drivers of the desiccants market. Growth in competitive
landscape and presence of well-established companies in the market who are dedicated
to enhance their productivity of desiccants with every passing year are
anticipated to register an impressive growth to Global Desiccants Market in the
forecast period.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Global Desiccants Market By Type
(Silica Gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride,
Clay, Others), By End User (Packaging, Food, Pharmaceutical, Electronics,
Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Desiccants Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Desiccants Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com