Press release
Desiccants Market Growth Insights and Forecast from 2024 to 2033 | Key Players BASF, Evonik Industries, W. R. Grace and Co, INEOS Corporation, Clariant, Multisorb Technologies
The Business Research Company recently released a comprehensive report on the Global Desiccants Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The desiccants market size has grown strongly in recent years. It will grow from $0.16 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the rise in disposable income, growth in the pharmaceutical industry, the increasing industrialization, growth in the packaging industry and rapid growth in e-commerce.
The desiccants market size is expected to see strong growth in the next few years. It will grow to $0.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to the increasing government support, the increasing demand from the chemical industries, the rise in the global population and rapid urbanization. Major trends in the forecast period include advanced desiccant breathers, product innovations, new bio-based moisture-adsorbing packets, technology advancements and focus on launching innovative desiccant packaging.
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Market Drivers and Trends:
The rise in textile manufacturing is expected to propel the growth of the desiccants market going forward. Textile manufacturing is a process that involves the conversion of fibers into yarn, and then yarn into fabric. Desiccants can be used to control humidity in textile manufacturing and storage to prevent mold growth and maintain fabric quality. For instance, according to the National Council of Textile Organizations, a US-based mobilizing support for the textile industry, textile and apparel shipments totalled $65.8 billion in 2022. Additionally, fiber, textile, and apparel exports combined were $34.0 billion in 2021. Thus, the rise in textile manufacturing is driving the growth of the desiccants market.
There is rising demand for desiccants in pharmaceuticals, chemicals, food, and beverages to control humidity in manufacturing and processing products. The rise in carbon percent and increased atmospheric temperature cause damage to products due to the high moisture content in the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture content in their close vicinity. For example, desiccant wheels are the most effective and economical method used to control humidity levels for these industries.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
BASF, Evonik Industries, W. R. Grace and Co, INEOS Corporation, Clariant, Multisorb Technologies, The Dow Chemical Company, Absortech, Sorbead, Hengye Molecular Sieve, Benz Packaging Solutions (p) Ltd, The Focus Air Desiccant Traders, Aquasafe Silica Sales, Silica Gel Desiccant Industries, Shiv Chemicals, Astrum Packtech, Vahanvati Enterprise, Chunwang, Dingxing, Jiayuan, Taiwdry, Jiyou, Xiaowei, TOPCOD, JIELILE, Xiangyuan, Valdamark Ltd, Thompson & Capper Ltd, Aquadry, Baltimore Innovations, Geejay Chemicals Ltd, Systemation Euro, Air Dryer Technology Ltd, R-Tech Solutions Ltd, Cole-Parmer United Kingdom, Seibu Giken DST AB, PJSC Zaporizhtransformator, ADVANSTEH LTD, Romstal Ukraine LLC, Hygromedia LLC, Lancaster Packaging, Compressed Air Systems, Inc, Drytech Incorporated, LIBBS FARMACEUTICA LTDA, SPLACK, Joy Global, Brasil Indústria e Comércio Ltda, Super Dry International FZCO, Desiccant Rotors International Private Limited, FAS Arabia LLC, Dubai Chem Marine International, Dunak International Ltd, Guaranteed Source Ltd, Feyi Flosebit Ent, Best Farm Nig Ltd., Lavenjok Nig Ltd, Evi&sons Nigeria Limited.
Desiccants Market 2024 Key Insights:
• The desiccants market size is expected to see strong growth in the next few years. It will grow to $0.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Textile Manufacturing Expansion Fueling Desiccants Market Growth
• Desiccants In High Demand
• Asia-Pacific was the largest region in the desiccants market in 2023
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This report studies Desiccant Dryer in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
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