What are the latest figures on the desiccants market’s size and projected CAGR?
The desiccants market size has grown strongly in recent years. It will grow from $0.17 billion in 2024 to $0.18 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the rise in disposable income, growth in the pharmaceutical industry, the increasing industrialization, growth in the packaging industry and rapid growth in e-commerce.
The desiccants market size is expected to see strong growth in the next few years. It will grow to $0.24 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing government support, the increasing demand from the chemical industries, the rise in the global population and rapid urbanization. Major trends in the forecast period include advanced desiccant breathers, product innovations, new bio-based moisture-adsorbing packets, technology advancements and focus on launching innovative desiccant packaging.
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Which Market drivers have played a significant role in driving the desiccants market?
The rise in textile manufacturing is expected to propel the growth of the desiccants market going forward. Textile manufacturing is a process that involves the conversion of fibers into yarn, and then yarn into fabric. Desiccants can be used to control humidity in textile manufacturing and storage to prevent mold growth and maintain fabric quality. For instance, according to the National Council of Textile Organizations, a US-based mobilizing support for the textile industry, textile and apparel shipments totaled $65.8 billion in 2022. Additionally, fiber, textile, and apparel exports combined were $34.0 billion in 2021. Thus, the rise in textile manufacturing is driving the growth of the desiccants market.
What are the key segments within the desiccants market?
The desiccants market covered in this report is segmented –
1) By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Other Types
2) By Process: Physical Absorption, Chemical Absorption
3) By Application: Electronics, Food, Pharmaceutical, Packing, Other Applications
Subsegments:
1) By Silica Gel: Standard Silica Gel, Indicating Silica Gel, Non-indicating Silica Gel
2) By Zeolite: Natural Zeolite, Synthetic Zeolite, Molecular Sieves
3) By Activated Alumina: Spherical Activated Alumina, Granular Activated Alumina
4) By Activated Charcoal: Granular Activated Charcoal (GAC), Powdered Activated Charcoal (PAC)
5) By Calcium Chloride: Pelleted Calcium Chloride, Flake Calcium Chloride
6) By Clay: Bentonite Clay, Fuller’s Earth
7) By Other Types: Montmorillonite Clay, Bio-Based Desiccants, Other Specialty Desiccants
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Which key players are shaping the desiccants market?
Major companies operating in the desiccants market include BASF, Evonik Industries, W. R. Grace and Co, INEOS Corporation, Clariant, Multisorb Technologies, The Dow Chemical Company, Absortech, Sorbead, Hengye Molecular Sieve, Benz Packaging Solutions (p) Ltd, The Focus Air Desiccant Traders, Aquasafe Silica Sales, Silica Gel Desiccant Industries, Shiv Chemicals, Astrum Packtech, Vahanvati Enterprise, Chunwang, Dingxing, Jiayuan, Taiwdry, Jiyou, Xiaowei, TOPCOD, JIELILE, Xiangyuan, Valdamark Ltd, Thompson & Capper Ltd, Aquadry, Baltimore Innovations, Geejay Chemicals Ltd, Systemation Euro, Air Dryer Technology Ltd, R-Tech Solutions Ltd, Cole-Parmer United Kingdom, Seibu Giken DST AB, PJSC Zaporizhtransformator, ADVANSTEH LTD, Romstal Ukraine LLC, Hygromedia LLC, Lancaster Packaging, Compressed Air Systems, Inc, Drytech Incorporated, LIBBS FARMACEUTICA LTDA, SPLACK, Joy Global, Brasil Indústria e Comércio Ltda, Super Dry International FZCO, Desiccant Rotors International Private Limited, FAS Arabia LLC, Dubai Chem Marine International, Dunak International Ltd, Guaranteed Source Ltd, Feyi Flosebit Ent, Best Farm Nig Ltd., Lavenjok Nig Ltd, Evi&sons Nigeria Limited
Which transformative trends will shape the desiccants market landscape?
There is rising demand for desiccants in pharmaceuticals, chemicals, food, and beverages to control humidity in manufacturing and processing products. The rise in carbon percent and increased atmospheric temperature cause damage to products due to the high moisture content in the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture content in their close vicinity. For example, desiccant wheels are the most effective and economical method used to control humidity levels for these industries.
How do regional factors impact the desiccants market, and which region is the largest contributor?
The countries covered in the desiccants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
What Does The Desiccants Market Report 2025 Offer?
The desiccants market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A desiccant is a hygroscopic substance that absorbs moisture from the environment and protects products from moisture damage. The desiccants are generally used to keep items dry and stable.
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