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The global desiccants market is expected to grow at a CAGR of 7% in the forecast period of 2024-2032.
Desiccants Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The desiccants market value is expected to grow at a CAGR of 7% between 2024 and 2032.
The major drivers of the market include rising disposable incomes, enhancing standards of living, growing investments into key application sectors, and rising demand from the electronics, food, pharmaceutical, and household sectors.
Key trends aiding market expansion include the rising use of desiccants in various applications, the growing consumption of processed food, and the increasing use of desiccants to reduce moisture infiltration in electronic devices.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major processes of absorption in the market are physical absorption and chemical absorption.
The significant types of desiccants in the market are silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, and clay, among others.
The different applications of desiccants in the market include foods, electronics, pharmaceuticals, packing, and air and gas drying, among others.
Key players in the market are Porocel Corporation (acquired by Evonik Industries), Hengye Inc, Fuji Silysia Chemical Ltd., Desicca Chemicals Pvt. Ltd., and TROPACK Packmitel GmbH, among others.
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