Desiccant Market Expected to Reach $1.8 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Desiccant Market," The desiccant market was valued at $1.1 billion in 2022, and is estimated to reach $1.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

Desiccants are specialized drying agents that remove moisture from a wide range of materials. They are either solvents or insoluble compounds that absorb moisture, owing to their compound properties. Desiccants are used to keep the contents of a sealed package from being damaged by humidity. Hence, a packet of silica gel and other desiccant materials are included with many sealed products. These desiccants may store a large percentage of their weight in moisture and absorb a significant amount of humidity within the container.

Desiccants are also used in modern applications such as moisture removal, waste removal & cleaning, and regenerative drying. Desiccant packets are small sachets that contain molecular strainers, silica gel, bentonite clay, or other absorbent items to shield merchandise from moistness, scents, dampness, and other harmful components. High humidity and dampness in the air cause to damage customer merchandise, clinical gadgets, and pharmaceutical items.

The desiccant market is poised for growth, driven primarily by the increasing demand for zeolite and silica gel desiccants. Zeolite and silica gel desiccants have emerged as essential solutions for moisture control in various industries such as electronics, pharmaceuticals, and food packaging. Their porous structures effectively absorb and retain moisture, preventing damage to sensitive products during storage and transportation.

The electronics sector's expanding need for moisture protection in electronic components, coupled with the pharmaceutical industry's requirements for moisture-free drug storage, has significantly bolstered the demand for these desiccants. Moreover, the food industry's focus on preserving the quality of packaged goods by preventing moisture-related deterioration further fuels their adoption. As a result, the desiccant market is set to experience substantial growth, propelled by the indispensable role of zeolite and silica gel desiccants in maintaining product integrity across a range of sectors.

The desiccant market faces a notable hindrance due to the imposition of stringent regulations and the resultant high cost of final pharmaceutical products. In the pharmaceutical industry, where precise moisture control is vital to maintaining product efficacy and stability, desiccants play a crucial role. However, regulatory bodies require thorough testing and validation of desiccant usage to ensure compliance with safety and quality standards.

This translates to added complexities in the manufacturing process, leading to increased production costs. Moreover, the cost of desiccants contributes to the overall expenses of pharmaceutical production. Consequently, the high cost of both regulatory compliance and desiccant utilization accumulates, amplifying the final price of pharmaceutical products. This high cost can deter pharmaceutical companies from utilizing desiccants, potentially limiting their adoption and market growth, despite their necessity for product integrity.

As environmental concerns continue to gain prominence, there is a growing demand for sustainable and eco-friendly solutions across industries. The desiccant market can capitalize on this trend by focusing on the development of biodegradable or recyclable desiccant materials. Companies that prioritize environmental responsibility and offer solutions with minimal ecological impact have the potential to attract environmentally conscious customers and gain a competitive edge. This is expected to offer lucrative opportunities for the desiccant market during the forecast period.

The desiccant market is segmented into type, end-use industry, and region. Depending on the type, the market is divided into silica gel, activated alumina, activated charcoal, zeolite, calcium chloride, clay, and others. On the basis of the end-use industry, it is categorized into packaging, food, pharmaceutical, electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, And LAMEA.

On the basis of type, the desiccant market is categorized as silica gel, activated alumina, activated charcoal, zeolite, calcium chloride, clay, and others. Activated alumina is projected to be the fastest-growing segment during the forecast period and silica gel garnered the highest share in 2022 in the desiccant market.

On the basis of the end-use industry, the desiccant market is categorized into packaging, food, pharmaceutical, electronics, and others. Pharmaceuticals are projected to be the fastest-growing segment during the forecast period and food garnered the highest share in 2022 in the desiccant market.

The major players operating in the global desiccant market are Fuji Silysia Chemical Ltd., Hengye, Inc., TROPACK Packmitel GmbH, CLARIANT, Capitol Scientific, Inc. Multisorb, OKER-CHEMIE, Evonik Industries AG, Desicca Chemical Pvt. Ltd., and W. R. Grace & Co.-Conn.

Other players include Porocel Corporation, The Dow Chemical Company, INEOS Corporation, Qingdao Makll Group, Zeotec Adsorbents Private Limited, AGM Container Controls, Delta Adsorbents, and others.

Key Findings Of The Study:

• On the basis of type, the activated alumina segment is expected to grow at a CAGR of 7.3%, in terms of revenue, during the forecast period.
• Depending on end-use industry, the pharmaceutical segment is expected to grow at a CAGR of 5.8%, in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific garnered a major share in 2022 in terms of revenue.