Desiccant Market 2021-2026 Highly Trending Report by top Vendor like Atlas, Ingersoll Rand, Parker Hannifin

The global Desiccant market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Desiccant costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Desiccant market.

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A desiccant is a hygroscopic substance that is used to induce or sustain a state of dryness in its vicinity; it is the opposite of a humectant. Commonly encountered pre-packaged desiccants are solids that absorb water.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Desiccant Market:

1 The Desiccant industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Desiccant industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Desiccant market size in 2020 will be lower than in previous years.

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Desiccant Market Players:

Atlas Copco
Ingersoll Rand
Parker Hannifin
SPX Flow
Sullair
Quincy
Gardner Denver
Kaeser
Star Compare
Rotorcomp
BEKO Technologies
Risheng
Zeks
Aircel

Product Type Segmentation:

Silica Gel
Activated Charcoal
Calcium Sulfate
Calcium Chloride
Molecular Sieves

Industry Segmentation:

Aircraft Equipment
Cameras and Film
Delicate Instruments
Electronic Devices
Food Packages/Medical Devices and Pharmaceuticals

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

PARKER ELECTS JILLIAN EVANKO AND LANCE FRITZ TO ITS BOARD OF DIRECTORS ON 27 January, 2021 -- Parker Hannifin Corporation, the global leader in motion and control technologies, today announced the election of Jillian C. Evanko and Lance M. Fritz to its Board of Directors, effective January 27, 2021.

Ms. Evanko is currently President and Chief Executive Officer of Chart Industries, Inc., a global manufacturer of highly engineered equipment servicing multiple applications in the energy and industrial gas markets. She has more than 18 years of financial and operational leadership experience in industrial companies. Mr. Fritz is currently Chairman, President and Chief Executive Officer of Union Pacific Corporation, one of America’s leading transportation companies. He has more than 35 years of experience in transportation and industrial markets.

“Jill and Lance are highly accomplished executives who each bring a breadth of operational, financial, and technology expertise, and we are very pleased to welcome them to Parker’s Board of Directors,” said Tom Williams, Chairman and Chief Executive Officer. “Their impressive records of driving outstanding performance at premier industrial companies will strengthen and add significant value to our Board, as we continue to focus on executing The Win Strategy™ to further accelerate profitable growth and create strong returns for our shareholders.”

Prior to her election as President and Chief Executive Officer of Chart in 2018, Ms. Evanko was Chart’s Chief Financial Officer after joining Chart in 2017 as Vice President of Finance. Prior to joining Chart, Ms. Evanko held multiple executive positions, including Vice President and Chief Financial Officer of Truck-Lite Co., LLC and Vice President and Chief Financial Officer of Dover Corporation’s Fluids business unit. In addition to serving on Chart’s board of directors, she also serves on several non-profit trade association boards of directors.

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