The rising demand for processed and packaged food products,
which require effective moisture control to maintain quality and
shelf life, is driving the demand for desiccants.
WILMINGTON, Del., July 16,
2024 /PRNewswire/ -- The desiccant market was
projected to attain US$ 552.6
million in 2023. It is likely to garner a 5.7%
CAGR from 2024 to 2034, and by 2034, the market is
expected to attain US$ 1.0
billion.
Desiccants are widely used in various industrial applications
such as air and gas drying, which is crucial in industries like oil
and gas, petrochemicals, and manufacturing. Innovation in desiccant
technology, including the development of more efficient and
environmentally friendly desiccants, is a key trend.
The rise of e-commerce and the need for effective moisture
control in packaging during shipping and storage is boosting the
desiccant market. The development and commercialization of
bio-based desiccants offer new opportunities, aligning with the
global shift towards green and sustainable products.
Innovations in packaging solutions that incorporate desiccants,
such as active packaging, can open new avenues for growth. The
increasing application of desiccants in healthcare products beyond
pharmaceuticals, such as in medical devices and diagnostics,
provides additional growth potential
Growth in the automotive sector, particularly in electric
vehicles which require moisture-sensitive electronic components,
boosts the demand for desiccants. Desiccants are being integrated
with smart packaging solutions that can monitor and indicate
humidity levels, ensuring better quality control.
Request for sample PDF copy of report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86178
Key Findings of the Market Report
• Adoption of IoT in logistics and supply chain management
allows for real-time monitoring of moisture levels, enhancing the
use of desiccants.
• Development of recyclable and reusable desiccants to
meet environmental sustainability goals.
• Implementation of advanced manufacturing techniques like
3D printing in desiccant production can reduce costs and improve
efficiency.
• The chemical industry's growth, which often requires
stringent moisture control in production and storage, provides a
significant market for desiccants.
Market Trends for Desiccants
• By type, the molecular sieve segment is expected to
boost the growth of the desiccant market.
• Molecular sieves have a higher adsorption capacity
compared to other desiccant types, making them more efficient in
removing moisture from various environments.
• Molecular sieves exhibit selective adsorption
properties, allowing them to target specific molecules, such as
water vapor, while leaving other molecules untouched. This
specificity enhances their effectiveness in moisture control.
• On the basis of form, the granule segment is expected to
propel the market growth.
• Granular desiccants typically have a larger surface area
compared to other forms, allowing for greater moisture absorption
capacity per unit volume.
• Granular desiccants offer versatility in applications
across various industries, including pharmaceuticals, electronics,
food packaging, and automotive, contributing to their widespread
adoption.
Desiccant Market Report Scope:
Report
Coverage
|
Details
|
Forecast
Period
|
2024-2034
|
Base
Year
|
2020-2022
|
Size in 2023
|
US$ 552.6 Mn
|
Forecast (Value) in
2034
|
US$ 1.0 Bn
|
Growth Rate
(CAGR)
|
5.7 %
|
No. of
Pages
|
250
Pages
|
Segments
covered
|
By Type, By Form, By
Packaging, By Region
|
Unlock Growth Potential in Your Industry! Download PDF
Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86178
Global Market for Desiccant: Regional Outlook
North America
• The North American food and beverage industry is
witnessing increasing demand for processed and packaged foods,
which require effective moisture control to prevent spoilage and
maintain product freshness. Desiccants are essential in packaging
materials to ensure the integrity and safety of food products,
thereby boosting their demand.
• North America is home
to a significant electronics and semiconductor manufacturing
industry. Desiccants are extensively used in the production,
storage, and transportation of electronic components to prevent
moisture-related damage. The growth of these industries contributes
to the increasing demand for desiccants.
Asia Pacific
• The rapid growth of e-commerce in Asia Pacific has led to increased demand for
efficient packaging solutions to ensure the quality and integrity
of products during transit. Desiccants play a crucial role in
moisture control within packaging, particularly for products
sensitive to humidity, thereby contributing to market growth.
• The Asia Pacific region
is witnessing significant infrastructure development projects in
sectors such as construction, transportation, and utilities.
Desiccants are used in building materials to prevent
moisture-related issues such as mold and mildew growth,
contributing to market growth in the construction industry.
Desiccant Market: Key Players
The competitive landscape of the desiccant market is
characterized by the presence of several key players, along with
numerous smaller companies and regional manufacturers.
These companies compete based on factors such as product
innovation, quality, price, distribution network, and customer
service. The following companies are well known participants in the
desiccant market:
- Arkema
- CLARIANT
- Evonik Industries AG
- MITSUBISHI GAS CHEMICAL COMPANY, INC.
- Multisorb
- Silica Gel Desiccants
- Sorbead India
- TROPACK Packmitel GmbH
- W. R. Grace & Co.
- WISESORBENT TECHNOLOGY LLC
- BeeChems
- CILICANT
Key Development
• In 2023, in Charlotte, Clariant announced a significant
advancement in its desiccant offerings. Introducing "Desi Pak" ECO
moisture adsorbing packets, Clariant extends its range of
environmentally friendly solutions. These packets are plastic-free
and complement the company's existing line of responsibly sourced,
highly absorbent natural clay desiccants.
• Designed to assist manufacturers and distributors in
safeguarding sealed packaged goods from moisture damage, these new
packets mark Clariant's continued dedication to reducing
environmental impact while maintaining product efficacy.
Desiccant Market Segmentation
Type
• Silica Gel
• Molecular Sieve
• Activated Alumina
• Activated Carbon
• Bentonite Clay
• Calcium Chloride
• Calcium Sulfate
• Others
Form
• Powder
• Granule
• Pellet
• Others
Packaging
• Sachet/Pouch
• Canister
• Bag
• Others
End-use Industry
• Consumer Goods
• Electronics & Semiconductors
• Pharmaceutical & Healthcare
• Food & Beverage
• Chemicals & Petrochemicals
• Automotive & Transportation
• Aerospace & Defense
• Construction
• Others
Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East &
Africa
Buy this Premium Research Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=86178<ype=S
More Trending Reports by Transparency Market Research
–
• Hydroelectric Cells Market - The
global hydroelectric cells market stood at US$ 1.7 Bn in 2021 and is projected to reach
US$ 3.0 Bn by 2031.
• Ecological Restoration Service
Market - The global ecological restoration service
market is projected to expand at a CAGR of CAGR of 9.4% from 2022
to 2031.
• FGD Gypsum Market - FGD Gypsum Market is
estimated to grow at a CAGR of 5.7% from 2024 to 2034 and reach
US$ 1.6 Bn by the end of 2034
About Transparency Market Research
Transparency Market Research, a global market research
company registered at Wilmington, Delaware, United States, provides custom research and
consulting services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insights
for thousands of decision makers. Our experienced team of Analysts,
Researchers, and Consultants use proprietary data sources and
various tools & techniques to gather and analyses
information.
Our data repository is continuously updated and revised by a
team of research experts, so that it always reflects the latest
trends and information. With a broad research and analysis
capability, Transparency Market Research employs rigorous primary
and secondary research techniques in developing distinctive data
sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE
HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware
19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free:
866-552-3453
Website:
https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter|
Blog | YouTube
View original
content:https://www.prnewswire.com/news-releases/desiccant-market-poised-to-reach-usd-1-0-billion-by-2034-with-5-7-cagr-driven-by-e-commerce-and-sustainable-packaging-trends--states-tmr-302197077.html
SOURCE Transparency Market Research