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Desiccants Global Market Report 2023 : By Size, Growth, Industry Trends, Share, Top Players, And Forecast 2032 | Porocel, Dow Chemical, INEOS, Hengye Molecular Sieve, Qingdao Makll
Desiccants Market Research
As per the desiccants market report by The Business Research Company, increasing demand for desiccants in the packaging industry combined with that in consumer products drives the growth of the desiccant market. Desiccant packets are tiny sachets that contain bentonite clay, silica gel, molecular sieve, or other absorbent products to protect goods from humidity, moisture, odors, and other damaging elements.
The global desiccants market size will grow from $0.15 billion in 2022 to $0.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The desiccants market is expected to grow from $0.2 billion in 2027 at a CAGR of 5.4%.
Read More On The Desiccants Market Report Here:
https://www.thebusinessresearchcompany.com/report/desiccants-global-market-report
Major competitors in the Desiccants market include Porocel, Dow Chemical, INEOS, Fuji Silysia Chemical, Hengye Molecular Sieve, Qingdao Makll, Zeotec Adsorbents Private Limited, and Desicca Chemicals.
The Desiccants market is segmented -
1) By Type: Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride, Clay, Other Types
2) By Process: Physical Absorption, Chemical Absorption
3) By Application: Electronics, Food, Pharmaceutical, Packing, Air & Gas Drying, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Desiccants market.
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A desiccant is a hygroscopic substance that absorbs moisture from the environment and protects products from moisture damage. The desiccants are generally used to keep items dry and stable.
The main types of desiccants are silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay, and other types. Silica gel is defined as a non-crystalline and highly porous form of silica that is used for removing moisture from liquids and gases. It is used as a drying agent that protects certain commercial and food products. The major processes of desiccants include physical adsorption and chemical absorption. The various applications of desiccants include electronics, food, pharmaceuticals, packing, air and gas drying, and other applications.
The Table Of Content For The Desiccants Market Include:
1. Executive Summary
2. Desiccants Market Characteristics
3. Desiccants Market Trends And Strategies
4. Desiccants Market - Macro Economic Scenario
5. Desiccants Market Size And Growth
……
26. Africa Desiccants Market
27. Desiccants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Desiccants Market
29. Desiccants Market Future Outlook and Potential Analysis
30. Appendix
The "Global Desiccants Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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