Emerging Trends to Reshape the Desiccants Market: Desiccants In High Demand as a Key Influencer

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What Is the Expected CAGR for the Desiccants Market Through 2025?
In the past few years, the size of the desiccants market has seen significant growth. It is predicted to expand from $0.17 billion in 2024 to $0.18 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. The impressive growth during the historic period can be credited to the substantial economic expansion in the developing markets, increase in disposable income, development in the pharmaceutical industry, the rise in industrialization, progression in the packaging industry and the fast-paced growth of e-commerce.

What's the Projected Size of the Global Desiccants Market by 2029?
The market for desiccants is anticipated to witness robust expansion in the upcoming years, with its valuation expected to reach $0.24 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.5%. The surge during this period can be attributed to factors such as enhanced governmental backing, a swelling demand from chemical industries, a growing global populace, and fast-paced urbanization. Key trends projected for this forecast period encompass developments in desiccant breathers, product innovations, the emergence of new bio-based moisture-absorbing packets, technological advancements, and a concentrated effort towards the introduction of innovative desiccant packaging.

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Top Growth Drivers in the Desiccants Industry: What's Accelerating the Market?
There is an expectation that the desiccants market will see growth due to the increase in textile manufacturing. The process of textile manufacturing involves transforming fibers into yarn, which is subsequently turned into fabric. Desiccants prove beneficial in this process as they moderate humidity levels during manufacturing and storage of textiles, thus preventing the development of mold and preserving the quality of the fabric. As per the National Council of Textile Organizations, an organization which advocates for the textile industry in the US, textile and apparel shipments in the year 2022 had a value of $65.8 billion. Along with this, the combined value of exports for fiber, textile, and apparel rose to $34.0 billion in 2021. Therefore, the upswing in textile manufacturing is a major factor contributing to the growth of the desiccants market.

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What Trends Will Shape the Desiccants Market Through 2029 and Beyond?
The need for desiccants is steadily increasing in the pharmaceutical, chemical, food, and beverage industries to regulate humidity during the production and processing of goods. The escalation in the percentage of carbon and atmospheric temperature intensification leads to product degradation due to the heightened moisture levels in the atmosphere. Techniques like dehumidification are employed by these sectors to mitigate moisture presence nearby. As an instance, desiccant wheels have proven to be both cost-effective and efficient in managing humidity levels for these industries.

What Are the Main Segments in the Desiccants Market?
The desiccants market covered in this report 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, Other Applications

Subsegments:
1) By Silica Gel: Standard Silica Gel, Indicating Silica Gel, Non-indicating Silica Gel
2) By Zeolite: Natural Zeolite, Synthetic Zeolite, Molecular Sieves
3) By Activated Alumina: Spherical Activated Alumina, Granular Activated Alumina
4) By Activated Charcoal: Granular Activated Charcoal (GAC), Powdered Activated Charcoal (PAC)
5) By Calcium Chloride: Pelleted Calcium Chloride, Flake Calcium Chloride
6) By Clay: Bentonite Clay, Fuller's Earth
7) By Other Types: Montmorillonite Clay, Bio-Based Desiccants, Other Specialty Desiccants

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Which Top Companies are Driving Growth in the Desiccants Market?
Major companies operating in the desiccants market include 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

Which Regions Will Dominate the Desiccants Market Through 2029?
Asia-Pacific was the largest region in the desiccants market in 2024. North America was the second-largest region in the global desiccants market. The regions covered in the desiccants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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