Desiccants Market Outlook
According to the report by Expert Market Research (EMR), the global desiccants market size is aided by increased pharmaceutical desiccant production and growing application of desiccants in food and transport sector. The market is projected to further grow at a CAGR of 7% between 2024 and 2032.
Desiccants, primarily recognised for their moisture absorption capabilities, are predominantly used to extend the shelf life of products, safeguard goods during transportation, and enhance the efficiency of machinery in humid conditions. Comprising materials like silica gel, clay, calcium oxide, and molecular sieves, desiccants are frequently deployed across multiple sectors, from food packaging to electronics, pharmaceuticals to logistics.
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A surge in global trade and heightened sensitivity towards product quality control have notably elevated the desiccants market demand. As the transportation of goods—especially perishables, electronics, and pharmaceuticals—across varied climatic conditions increases, the necessity for preventing moisture-induced damage becomes paramount. This escalating concern underpins the consistent growth trajectory witnessed in the market.
The pharmaceutical sector offers a prominent instance of the vital role desiccants play. Moisture-sensitive drugs, particularly in capsule or tablet form, necessitate the inclusion of desiccants in their packaging to ensure potency, prevent degradation, and guarantee extended shelf life. As the global pharmaceutical industry burgeons, propelled by the pursuit of innovative treatments and an ageing population, its reliance on desiccants grows in tandem.
Similarly, the electronics industry’s unprecedented expansion, marked by the proliferation of gadgets, intricate devices, and advanced machinery, has spurred the desiccants market growth. These electronic components, often sensitive to humidity, require optimal storage conditions facilitated by desiccants to ensure longevity and optimal performance.
The food industry, perpetually evolving, also underscores the importance of desiccants. With an increasing focus on reducing food waste and the global shift towards packaged foods, there’s an intensified effort to enhance food preservation. Desiccants, by inhibiting microbial growth and curbing enzymatic reactions caused by humidity, play a crucial role in food preservation endeavours.
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The sector’s adaptability is evident in its advancements. Modern techniques, such as the integration of desiccants into packaging materials, hint at the industry’s forward-thinking approach. Such integrative solutions not only streamline the packaging process but also enhance the efficacy of moisture control.
Furthermore, the rise in consumer awareness about product quality, coupled with a growing emphasis on reducing wastage in various industrial processes, is set to invigorate the desiccants market expansion. As industries recognise the role of desiccants in reducing operational inefficiencies and elevating product standards, their adoption becomes more mainstream.
Desiccants Market Segmentation
The market can be divided based on process of absorption, type, application, and region.
Market Breakup by Process of Absorption
- Physical Absorption
- Chemical Absorption
Market Breakup by Type
- Silica Gel
- Zeolite
- Activated Alumina
- Activated Charcoal
- Calcium Chloride
- Clay
- Others
Market Breakup by Application
- Foods
- Electronics
- Pharmaceuticals
- Packing
- Air and Gas Drying
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global desiccants market. Some of the major players explored in the report by Expert Market Research are as follows:
- Porocel Corporation
- Hengye Inc
- Fuji Silysia Chemical Ltd.
- Desicca Chemicals Pvt. Ltd.
- TROPACK Packmitel GmbH
- Others
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