Press release
Desiccants Market 2020 Size, Trends, Share, Latest Innovations, Fastest Upcoming Growth and Competitive Strategies Forecast to 2023
The Business Research Company
The global desiccants market is expected to decline from $0.2 billion in 2019 to $0.2 billion in 2020 at a compound annual growth rate (CAGR) of -3.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $0.2 billion in 2023.
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The desiccants market consists of sales of desiccants materials or products. Desiccants absorb the moisture from the surroundings and prevent the products from getting damaged due to moisture. Desiccants materials includes silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay and others.
Increasing demand for desiccants in the packaging industry combined with that in consumer products drives the growth of the desiccants market. Desiccants packets are tiny sachets that contains bentonite clay, silica gel, molecular sieve or other absorbent products to protect goods from humidity, moisture, odors and other damaging elements.
Desiccants Market Segmentation:
By Type
1. Silica Gel
2. Zeolite
3. Activated Alumina
4. Activated Charcoal
5. Calcium Chloride
6. Clay
7. Others
By Application
1. Electronics
2. Food
3. Pharmaceutical
4. Packing
5. Air & gas drying
6. Others
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Few Points From Table Of Content
1. Executive Summary
2. Desiccants Market Characteristics
3. Desiccants Market Size And Growth
4. Desiccants Market Segmentation
5. Desiccants Market Regional And Country Analysis
……
25. Desiccants Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Desiccants Market
27. Desiccants Market Trends And Strategies
28. Desiccants Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the desiccants market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the desiccants market are Porocel, The Dow Chemical, INEOS, Fuji Silysia Chemical, Hengye Molecular Sieve, Qingdao Makll, Zeotec Adsorbents Private Limited, Desicca Chemicals.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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