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Desiccants Market Analysis

Report ID: GMI6750
Published Date: Sep 2023
Report Format: PDF

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Desiccants Market Analysis

Desiccants Market Size, By Type, 2021 - 2032 (USD Million)

Based on type, the desiccants market is segmented as silica gel, clay desiccants, molecular sieves, activated carbon, calcium chloride, others. Silica Gel held a majority market value of USD 950 million in 2022. Silica gel is widely used in pharmaceutical packaging to protect moisture-sensitive drugs and maintain their shelf life.

Desiccants Market Revenue Share, By Application, (2022)

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Based on application, the desiccants market is segmented as pharmaceuticals, food packaging, electronics, logistics and shipping, textiles, automotive, aerospace, cosmetics, building and construction, others. Pharmaceuticals held a dominant market share of around 25% in 2022 and is expected to grow at a lucrative pace till 2032. Pharmaceuticals often require strict moisture control to maintain drug stability and efficacy. Desiccants are crucial in protecting moisture-sensitive medications.

U.S. Desiccants Market Revenue, 2021 - 2032 (USD Million)

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U.S. dominated the North American region with majority desiccants market share and a revenue of USD 245 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The pharmaceutical industry relies on desiccants to protect moisture-sensitive medications and maintain their stability and efficacy.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for desiccants was USD 0.95 billion in 2022 and is anticipated to record USD 1.4 billion by 2032 owing to increasing application across the pharmaceutical sector for safeguarding moisture-sensitive drugs to maintain their effectiveness.

Desiccants industry from the silica gel type segment generated USD 950 million in revenue in 2022 and is expected to witness robust growth through 2032 attributed to widespread usage in pharmaceutical packaging to maintain its shelf life.

U.S. industry size for desiccants reached USD 245 million in 2022 and is anticipated to expand significantly through 2032 owing to the presence of expanding pharmaceutical sector in the region.

Some of the top companies operating in the desiccants industry are BASF SE, Clariant AG, Multisorb Technologies, W. R. Grace & Co., Dow Chemical Company, Mitsubishi Chemical Corporation, CSP Technologies, Desiccare, Inc., Absortech Group, Sanner GmbH, and Sorbead India