Desiccant Market Share Estimated to Reach USD 1.50 Billion by 2030

The Desiccant Market Share is valued at USD 1.05 billion in 2023 and is expected to achieve a market size of USD 1.50 billion by 2030 growing at a CAGR of 5.24% over the forecast period. This market is mainly driven due to growing demand for moisture control in various applications, including food, pharmaceuticals, and electronics, along with increasing use of desiccants in air conditioning systems and for chemical applications.

Market Growth Peering & Prospects

Several factors are contributing to significant expansion in the desiccant market. Coupled with this, the rising pharmaceutical packaging solutions market drives the use of desiccants since it is vital for medicines to last longer without moisture damage. Trends in global healthcare spending and access, particularly in many emerging markets, only compound this trend. Secondly, robust electronics industry is driving up demand for the desiccants, since electronic products are very sensitive to moisture damage between transit. Also, innovation of desiccants for air conditioners because of its efficiency in lowering moisture and improving performance.

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Segmentation Analysis

The global desiccant market has been segmented into type, end-user industry, and region.

Based on Type: Activated alumina segment is dominating the market with an impressive growth trend. Due to its high moisture absorption, activated alumina is suitable for use in drying compressed air and purifying gas streams. Silica gel, a common form of desiccant, will continue to be utilized for moisture reduction in industrial applications and will grow steadily.

by End-User Industry: The pharmaceutical industry is one of the major contributors to market growth. Controlling the moisture content of drug packaging is extremely important to maintain the quality and shelf life of the product. Another big market for desiccants is the electronics market, where moisture can harm sensitive electronic components during shipping and storage. Further, the implementation of moisture control for food quality control highens market expansion in the food packaging industry. Desiccants are used increasingly for air conditioning systems and chemical processing industries.

Country-Level Market Analysis

The U.S. market for desiccants is expected to witness considerable growth which can be attributed to the electronics, pharmaceutical, and food packaging industries. Given the growth in the consumption of electronics as well as the rising need for moisture control in a pharmaceutical packaging, the demand for the desiccants is therefore likely to remain on the rise. Also, developments in air-con systems driven by desiccants for improved performance will fuel more expansion.

Germany: The market in Germany is driven by the increasing concentration on high-end pharmaceutical packaging and electronic developments. Growth of its solid chemical industry is affecting availability thus affecting the demand of desiccants in the country largely in gas purification and moisture control systems.

China: With rising demand for electronic products and pharmaceutical products, the demand for desiccant in the country keeps increasing due to its rapid industrial development. Desiccants are essential to protect the quality of the products from moisture during transport and storage as the country expands production especially in electronics.

India has many fast-growing end–user industries, like pharmaceuticals, and is expected to be a notable market for desiccants due to increasing healthcare spending. Rapid shrinkage in packaging and storage solution industry needs for moisture control and Anisotropic film are likely to represent vast potential for desiccant market.

Japan, which has a mature electronics and automotive industries, is an important desiccant market. High demand for moisture protection in shipping delicate electronic components is a key driver for the desiccant market in this region.

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Competitor Analysis

Some of the key players globally in the desiccant market are Honeywell International Inc, BASF SE, Clariant AG, U.S. Silica Holdings, Inc., and Molecular Products. This list consists of the leading companies which provide innovative desiccant solutions aimed at different applications such as electronics, pharmaceuticals, and food packaging.

Honeywell International Inc.: Innovative Sustainable Desiccant Solutions The company also revealed breakthroughs in moisture control technology for increased durability of packaging solutions for pharmaceuticals and electronics in 2024.

BASF SE: BASF is seizing market share of the desiccant market by offering green products. With their ability to absorb moisture, the silica gel desiccants that they manufacture having been experiencing a growing demand in different industries.

Clariant AG — Clariant is putting a strong emphasis on high-performance desiccants for food and pharmaceutical applications. Its products are made with the goal of limiting environmental impact, all serving to reinforce the company’s commitment to sustainability.

U.S. Silica Holdings, Inc.: U.S. Silica has seen increases in market share with sophisticated activated alumina, that are used in air conditioning and chemical applications. From high moisture environments like paper mills to low moisture food production, their innovative desiccant solutions are helping industries run at unprecedented levels while eliminating moisture damage.

Molecular Products: A manufacturer of high-purity desiccants, Molecular Products specializes in moisture control solutions for the healthcare and aerospace industries. The company is expanding its product line to meet the increasing demand in these sectors.

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Conclusion

The global desiccant industry has experienced steady growth in recent years, supported by demand from a range of industries such as pharmaceuticals, electronics, and food packaging. The market is likely to grow tremendously in the upcoming years with further technical development and growing application of desiccants in different developing countries across the world. Desiccant manufacturers like Honeywell, BASF and Clariant are gearing to grow by providing desiccant solutions that are sustainable as well as efficient to meet the changing needs of industries across the globe. Technology advancements have not only facilitated the growth of VARs but also opened up several avenues for the growth of these (virtual assistant) key markets over the upcoming years within U.S., Germany, China and India.

Explore More: Visit our website for Additional reports:

Pharmaceutical Desiccant Market https://www.maximizemarketresearch.com/market-report/global-pharmaceutical-desiccant-market/67870/ 

Industrial Desiccant Dehumidifier Market https://www.maximizemarketresearch.com/market-report/global-industrial-desiccant-dehumidifier-market/71911/ 

Desiccant Wheel Market https://www.maximizemarketresearch.com/market-report/global-desiccant-wheel-market/55679/ 

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