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Desiccants Market Share

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

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Desiccants Market Share

Some of the major industry players operating in the desiccants market 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
Sorbead India
Capitol Scientific, Inc.
IMPAK Corporation
AGM Container Controls, Inc.
Interra Global Corporation

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

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