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Desiccants Market Trends

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

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Desiccants Market Trends

The pharmaceutical industry continued to drive demand for desiccants to protect moisture-sensitive drugs and medical devices. Stringent regulations and the need for longer shelf life in pharmaceutical products supported this trend. The growth of e-commerce, especially during the COVID-19 pandemic, increased the demand for desiccants in packaging materials. Desiccants are essential for protecting products from moisture damage during transit and storage.

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