|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD987.65
million
|
|
CAGR
(2023-2028)
|
4.65%
|
|
Fastest
Growing Segment
|
Silica
Gel
|
|
Largest
Market
|
Asia
Pacific
|
Market Overview
Global Desiccants Market has valued at USD987.65
million in 2022 and is anticipated to project robust growth in the forecast
period with a CAGR of 4.65% through 2028. Research and development (R&D)
initiatives have played a pivotal role in the advancement of desiccants.
Desiccants, known as hygroscopic products or materials, have the remarkable
ability to absorb moisture from the surrounding environment. By effectively
reducing humidity levels, desiccants help prevent the damage caused by moisture
to various products.
There are two primary methods by which desiccants
absorb moisture: physical absorption and chemical assimilation. Physical
absorption involves the process of desiccants absorbing moisture and trapping
it within surfaces or capillaries without altering the properties of the water.
On the other hand, certain desiccants undergo a chemical reaction with moisture,
resulting in the generation of a new substance. This is referred to as chemical
assimilation. It is important to note that chemical absorption is irreversible,
while physical absorption is reversible.
Common desiccants, such as zeolites and silica gel,
function by physically absorbing moisture. These desiccants are widely utilized
in various applications. For instance, in the shipment of food and
pharmaceuticals, desiccants are employed to absorb moisture and maintain a
controlled atmosphere, ensuring the preservation of product quality during
transportation. In the production of insulated windows, desiccants prevent
moisture condensation on the panes, enhancing their longevity and performance.
Furthermore, air conditioning systems utilize desiccants like zeolites to
preserve the efficacy of the refrigerant by acting as drying components.
Zeolites also find application as dehydrating
agents in the Grignard reaction, which necessitates the removal of water from
solvents. This demonstrates the versatility and importance of desiccants in a
wide range of industries.
The refrigerants market has witnessed the emergence
of new technologies and products as a result of extensive R&D efforts.
Researchers have focused on developing refrigerants with lower Global Warming
Potential (GWP) compared to traditional Hydrofluorocarbons (HFCs).
Hydrofluoroolefins (HFOs) have emerged as a promising alternative, offering
significantly reduced GWP. Additionally, natural refrigerants like ammonia,
carbon dioxide, and hydrocarbons have gained attention due to their zero Ozone
Depletion Potential (ODP) and low GWP.
Through continuous research and development, the
refrigerants industry is constantly evolving, driving innovation and
sustainability in the field of cooling and climate control.
Key Market Drivers
Growing Demand of Desiccants in Food & Beverage
Industry
Desiccants play a crucial role in the food and
beverage industry. They are indispensable in maintaining the quality,
freshness, and extended shelf-life of various food products by effectively
controlling humidity levels in packaging. Desiccants such as silica gel,
calcium oxide, and activated alumina are commonly utilized in food packaging to
prevent spoilage caused by moisture.
The demand for desiccants in the food and beverage
industry is on the rise due to several factors. Firstly, there is an increasing
consumer preference for high-quality packaged food products with an even longer
shelf life, ensuring that they stay fresh and tasty until consumed. Secondly,
the global expansion of the food and beverage industry, particularly in
emerging economies, is leading to higher demand for desiccants as more
companies enter the market and strive to deliver top-notch products to their
customers.
In addition to these factors, the growing trend
towards convenience foods, including ready-to-eat meals and packaged snacks, is
further driving the need for effective humidity control solutions like
desiccants. As people's lifestyles become more fast-paced and demanding, the
demand for convenient food options that retain their quality and taste becomes
increasingly important. Desiccants help ensure that these convenient food
products maintain their freshness, texture, and flavor, providing consumers
with a satisfying experience.
In conclusion, the growing demand for desiccants in
the food and beverage industry is a significant driver of the global desiccants
market. As consumer preferences continue to evolve and the industry expands,
this demand for desiccants is expected to keep rising, leading to further
growth in the desiccants market. Manufacturers and suppliers in the industry
need to stay ahead of the curve by providing innovative desiccant solutions
that meet the ever-increasing demands of the food and beverage sector.
Growing Demand of Desiccants in Pharmaceutical
Industry
Desiccants play a crucial role in the
pharmaceutical industry. They are used to maintain the effectiveness and shelf
life of various pharmaceutical products by controlling humidity levels in
packaging. Desiccants, such as silica gel, activated alumina, and calcium
oxide, are commonly used in pharmaceutical packaging to prevent degradation
caused by moisture. These desiccants are carefully selected based on their
moisture absorption properties, ensuring optimal protection for sensitive
pharmaceutical formulations.
The demand for desiccants in the pharmaceutical
industry is on the rise due to several factors. Firstly, there is an increasing
need for high-quality pharmaceutical products with longer shelf life. As
patients and healthcare providers demand more reliable and stable medications,
pharmaceutical companies are investing in advanced packaging solutions that
incorporate desiccants. These desiccants not only protect the integrity of the
products but also safeguard patient safety.
Secondly, the global expansion of the
pharmaceutical industry, especially in emerging economies, is leading to higher
demand for desiccants. As more countries develop their healthcare
infrastructure and witness a growth in pharmaceutical manufacturing, the need
for desiccants as an essential component of packaging solutions is growing.
This expansion of the pharmaceutical industry is driven by factors such as
population growth, increasing healthcare awareness, and rising disposable
incomes.
Moreover, the advancement in pharmaceutical
manufacturing processes and the introduction of complex formulations
necessitate the use of effective humidity control solutions like desiccants.
With the development of innovative drug delivery systems, such as biologics and
controlled-release formulations, the stability of these sensitive
pharmaceuticals becomes even more critical. Desiccants provide the necessary
protection by absorbing moisture and preventing chemical degradation, ensuring
the potency and efficacy of the medications.
In conclusion, the growing demand for desiccants in
the pharmaceutical industry is a significant driver of the global desiccants
market. As the industry evolves and expands, this demand is expected to
continue rising, leading to further growth in the desiccants market.
Pharmaceutical companies recognize the importance of maintaining product
quality and patient safety, making desiccants an integral part of their
packaging strategies. The continuous advancements in pharmaceutical manufacturing
processes and the increasing complexity of formulations reinforce the need for
effective humidity control solutions like desiccants.
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Key Market Challenges
Limited Moisture Adsorption Capacity
Desiccants play a crucial role in maintaining a
state of dryness in their surroundings by effectively absorbing moisture. These
substances are widely used to preserve the quality and extend the shelf life of
products by preventing moisture-related damage. However, one of the primary
challenges faced by many desiccants is their limited moisture adsorption
capacity. Once a desiccant reaches its maximum capacity, it becomes ineffective
in absorbing further moisture.
This limitation becomes particularly significant in
regions with high humidity levels or in applications where continuous exposure
to moisture is a concern. The limited moisture adsorption capacity of
desiccants can lead to various issues such as reduced product lifespan,
compromised product quality, and increased costs due to the frequent need for
desiccant replacement.
The global desiccants market faces significant
challenges due to this limitation. The restricted use of desiccants in certain
applications and the limitation in their moisture adsorption capacity can hinder
market growth. Customers seeking long-term moisture protection solutions may
explore alternative technologies or products that offer higher moisture
adsorption capabilities.
Furthermore, frequent desiccant replacement due to
their limited moisture absorption capacity can result in increased operational
costs. This aspect can make desiccants less appealing to cost-sensitive
customers and negatively impact market demand.
To address these challenges, ongoing research and
development efforts are focused on enhancing the moisture adsorption capacity
of desiccants. By improving their effectiveness and expanding their
applications, desiccants can offer more reliable and cost-effective moisture
protection solutions, ensuring prolonged product lifespan and maintaining
product quality in various industries.
Key Market Trends
Growing Focus on Sustainable Desiccant Solutions
Sustainability has emerged as a pivotal
consideration for businesses worldwide, prompting industries to shift away from
conventional desiccants. These traditional desiccants, while effective, often
pose significant environmental challenges due to their non-renewable nature and
disposal issues. In response, there is a growing inclination towards
sustainable desiccant solutions that exhibit a lower environmental footprint.
This growing emphasis on sustainable desiccant
solutions has profound implications for the global desiccants market. It is
fostering a culture of innovation, driving the development of new products and
technologies. For instance, numerous companies have begun offering desiccants
crafted from natural materials such as clay and plant fibers. These sustainable
alternatives are not only renewable but also biodegradable, making them an
exceptionally eco-friendly choice.
Moreover, there is a surging demand for
regenerative desiccants, which can be reused after effectively removing
absorbed moisture through heating or other methods. This practice not only
extends the lifespan of the desiccant but also reduces waste, further advancing
sustainability efforts.
Furthermore, this trend is significantly
influencing purchasing decisions within the market. Businesses that prioritize
sustainability are increasingly inclined to opt for sustainable desiccant
solutions, even if they come at a slightly higher cost. This shift in
preference is reshaping market dynamics and influencing the strategies of
desiccant manufacturers.
Segmental Insights
Type Insights
Based on the category of type, the silica gel segment
emerged as the dominant player in the global market for desiccants in 2022. Silica
gel, a desiccant widely used for its high surface area and strong affinity for
water molecules, plays a crucial role in moisture control. With its porous
structure, it effectively absorbs and retains moisture, making it a reliable
choice for preserving dryness in a wide range of applications. From food
packaging to electronics and pharmaceuticals, silica gel ensures optimal
conditions by preventing moisture-related damage and degradation. Its
versatility and effectiveness make it a go-to solution for maintaining product
quality and extending shelf life.
End User Insights
The food segment is projected to experience rapid
growth during the forecast period. Desiccants play a vital role in the food
industry by effectively maintaining the quality and safety of products. These
moisture-absorbing agents are crucial in preventing spoilage, mold growth, and
clumping in a wide range of food items, including spices, dried fruits, and
packaged goods. By absorbing excess moisture, desiccants not only extend the
shelf life of these products but also enhance their flavor and prevent caking,
ensuring that they remain fresh, palatable, and of the highest quality for
consumers to enjoy.
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Regional Insights
Asia Pacific emerged as the dominant player in the Global
Desiccants Market in 2022, holding the largest market share in terms of value. The
Asia-Pacific desiccant market is experiencing significant growth, primarily
fueled by the expansion of the pharmaceutical industry in countries like China,
India, and Japan. With India's pharmaceutical industry currently valued at USD
41 billion, it serves as a major contributor to the overall growth of the
Asia-Pacific desiccant market.
Moreover, the expansion of the pharmaceutical
industry is further supported by government investments, such as the Production
Link Incentive (PLI) scheme in India. This scheme aims to enhance exports and
manufacturing capabilities within the country, driving the demand for
desiccants in the Asia-Pacific region. The increased focus on health and the
growing concerns regarding product quality and integrity have also contributed
to the expansion of the desiccant market in this region. As a result, the
Asia-Pacific desiccant market is witnessing substantial growth, driven by a
combination of factors that support the pharmaceutical industry and address the
evolving needs of the market.
Recent Developments
- In May 2021, W. R. Grace & Co.-Conn, a global
leader in specialty chemicals, strategically expanded its business operations
by opening a state-of-the-art manufacturing plant in Kuantan, Malaysia. With
this significant expansion, the company aims to meet the growing demands of
various industries, including coatings, plastics, paper, beverage, edible oil,
and bio, by offering high-quality micronized amorphous silica. This innovative
product is set to revolutionize these sectors, providing enhanced performance,
durability, and efficiency to a wide range of applications.
- By investing in this new facility, W. R. Grace
& Co.-Conn is poised to strengthen its position as a trusted and reliable
partner for businesses worldwide, catering to their evolving needs and contributing
to the advancement of numerous industries.
Key Market Players
- 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
|
By Type
|
By End User
|
By Region
|
- Silica Gel
- Activated
Alumina
- Activated
Charcoal
- Zeolite
- Calcium
Chloride
- Clay
- Others
|
- Packaging
- Food
- Pharmaceutical
- Electronics
- Others
|
- North
America
- Europe
- Asia Pacific
- South America
- Middle East
& Africa
|
Report Scope:
In this report, the Global Desiccants Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Global Desiccants Market, By Type:
o Silica Gel
o Activated Alumina
o Activated Charcoal
o Zeolite
o Calcium Chloride
o Clay
o Others
- Global Desiccants Market, By End User:
o Packaging
o Food
o Pharmaceutical
o Electronics
o Others
- Global Desiccants Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global
Desiccants Market.
Available Customizations:
Global Desiccants Market report with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Desiccants Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]