According to a new report published by Allied Market Research, titled, "Desiccant Market," The desiccant market was valued at $1.1 billion in 2022, and is estimated to reach $1.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
In the oil and gas industry, activated alumina is used to eliminate water from natural gas streams. Natural gas is regarded as the fastest-growing energy source in the U.S. The establishment of new refinery initiatives is anticipated to be the primary growth driver for the activated alumina. China produced roughly 4 million barrels of oil per day in 2021, according to BP statistics. State-owned corporations, such as China National Offshore Oil Corp., dominate the China oil industry. In addition, China National Offshore Oil Corporation (CNOOC) oil and gas production increased by more than 6% annually between 2022 and 2024, playing a crucial position in China's energy supply security.
The government of India has implemented a variety of plans to satisfy the rise in demand for oil and gas. It has permitted 100 % foreign direct investment (FDI) in a number of industry segments, including natural gas, petroleum products, and refineries. According to the International Energy Agency, global oil demand is expected to reach 104.1 mb/d (million barrels per day) by 2026, with China and India accounting for approximately half of the growth through that year, thereby contributing to market expansion in the future. Thus, the demand for activated alumina is anticipated to expand substantially during the forecast period.
To manufacture desiccant, it is necessary to set up the necessary machinery, which results in significant initial investment expenses. In addition, regular maintenance of these machines is required, which contributes to an increase in the overall cost of manufacturing. Thus hampering the growth of the desiccant market. Desiccants are substances that draw moisture out of their surroundings and, as a result, provide a health risk if they come into contact with human skin. As a result, handling these substances requires extreme caution. As a consequence of this, particular packaging materials for desiccants are required to guarantee the highest possible level of safety.
The desiccant market is poised to capitalize on lucrative opportunities owing to the rise in demand in the chemical sector and the air conditioning industry. In the chemical sector, desiccants play a crucial role in maintaining the integrity of various chemical compounds and preventing moisture-induced degradation, ensuring product quality and shelf life. In addition, the air conditioning system presents a promising avenue for desiccant utilization. Desiccants are integral components in advanced air conditioning systems, effectively removing excess moisture from the air, and enhancing cooling efficiency. As energy-efficient and eco-friendly air conditioning solutions gain traction, the demand for desiccants in these systems is projected to rise. This dual opportunity, driven by the chemical sector's need for moisture control and the expanding air conditioning market, positions the desiccant industry for robust growth and innovation. Manufacturers and stakeholders can strategically align their efforts to tap into these emerging prospects and further propel the desiccant market growth.
The desiccant market is segmented into type, end-use industry, and region. Depending on the type, the market is divided into silica gel, activated alumina, activated charcoal, zeolite, calcium chloride, clay, and others. On the basis of the end-use industry, it is categorized into packaging, food, pharmaceutical, electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, And LAMEA.
The major players operating in the global desiccant market are Fuji Silysia Chemical Ltd., Hengye, Inc., TROPACK Packmitel GmbH, CLARIANT, Capitol Scientific, Inc. Multisorb, OKER-CHEMIE, Evonik Industries AG, Desicca Chemical Pvt. Ltd., and W. R. Grace & Co.-Conn. Other players include Porocel Corporation, The Dow Chemical Company, INEOS Corporation, Qingdao Makll Group, Zeotec Adsorbents Private Limited,AGM Container Controls, Delta Adsorbents, and others.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the desiccant market analysis from 2022 to 2032 to identify the prevailing desiccant market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the desiccant market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global desiccant market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Manufacturing Capacity
- Product Benchmarking / Product specification and applications
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Distributor margin Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Product Consumption Analysis
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Silica Gel
- Activated Alumina
- Activated Charcoal
- Zeolite
- Calcium Chloride
- Clay
- Others
By End-use industries
- Packaging
- Food
- Pharmaceutical
- Electronics
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Fuji Silysia Chemical Ltd.
- Hengye, Inc.
- TROPACK Packmitel GmbH
- CLARIANT
- Capitol Scientific, Inc.
- Multisorb
- OKER-CHEMIE
- Evonik Industries AG
- Desicca Chemical Pvt. Ltd.
- W. R. Grace & Co.-Conn.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. High bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for desiccants from the pharmaceutical industry
- 3.4.1.2. Increase in Demand for Activated Alumina from the Oil and Gas Industry
- 3.4.2. Restraints
- 3.4.2.1. High investment costs
- 3.4.3. Opportunities
- 3.4.3.1. Increase in the use of desiccant in the chemical sector and air conditioning system
- 3.5. Market Share Analysis
- 3.6. Value Chain Analysis
- 3.7. Pricing Analysis
- 3.8. Patent Landscape
CHAPTER 4: DESICCANT MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Silica Gel
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Activated Alumina
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Activated Charcoal
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Zeolite
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Calcium Chloride
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Clay
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
- 4.8. Others
- 4.8.1. Key market trends, growth factors and opportunities
- 4.8.2. Market size and forecast, by region
- 4.8.3. Market share analysis by country
CHAPTER 5: DESICCANT MARKET, BY END-USE INDUSTRIES
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Packaging
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Food
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Pharmaceutical
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Electronics
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: DESICCANT MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by End-use industries
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Type
- 6.2.4.1.2. Market size and forecast, by End-use industries
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Type
- 6.2.4.2.2. Market size and forecast, by End-use industries
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Type
- 6.2.4.3.2. Market size and forecast, by End-use industries
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by End-use industries
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Type
- 6.3.4.1.2. Market size and forecast, by End-use industries
- 6.3.4.2. France
- 6.3.4.2.1. Market size and forecast, by Type
- 6.3.4.2.2. Market size and forecast, by End-use industries
- 6.3.4.3. UK
- 6.3.4.3.1. Market size and forecast, by Type
- 6.3.4.3.2. Market size and forecast, by End-use industries
- 6.3.4.4. Spain
- 6.3.4.4.1. Market size and forecast, by Type
- 6.3.4.4.2. Market size and forecast, by End-use industries
- 6.3.4.5. Italy
- 6.3.4.5.1. Market size and forecast, by Type
- 6.3.4.5.2. Market size and forecast, by End-use industries
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Type
- 6.3.4.6.2. Market size and forecast, by End-use industries
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by End-use industries
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Type
- 6.4.4.1.2. Market size and forecast, by End-use industries
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Type
- 6.4.4.2.2. Market size and forecast, by End-use industries
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Type
- 6.4.4.3.2. Market size and forecast, by End-use industries
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Type
- 6.4.4.4.2. Market size and forecast, by End-use industries
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Type
- 6.4.4.5.2. Market size and forecast, by End-use industries
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Type
- 6.4.4.6.2. Market size and forecast, by End-use industries
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by End-use industries
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Type
- 6.5.4.1.2. Market size and forecast, by End-use industries
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Market size and forecast, by Type
- 6.5.4.2.2. Market size and forecast, by End-use industries
- 6.5.4.3. South Africa
- 6.5.4.3.1. Market size and forecast, by Type
- 6.5.4.3.2. Market size and forecast, by End-use industries
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Market size and forecast, by Type
- 6.5.4.4.2. Market size and forecast, by End-use industries
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Fuji Silysia Chemical Ltd.
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.2. Desicca Chemical Pvt. Ltd.
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.3. TROPACK Packmitel GmbH
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.4. OKER-CHEMIE
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.5. Hengye, Inc.
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.6. Multisorb
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. CLARIANT
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.8. Capitol Scientific, Inc.
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. W. R. Grace & Co.-Conn.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.10. Evonik Industries AG
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance