Desiccants Market size was over USD 1.2 billion in 2023 and is anticipated to cross USD 2.3 billion by the end of 2036, witnessing more than 5.3% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of desiccants is estimated at USD 1.3 billion.
The desiccants market is poised to be driven by an increase in demand from the pharmaceuticals, foods, and electronics industries. Companies need to extend the shelf life of products while maintaining quality; therefore, the requirement for moisture control solutions has grown. There exist numerous opportunities based on advanced desiccants that have enhanced moisture-absorbing capacities with eco-friendly materials and tailored solutions depending on the requirements of the respective industries.
Most of the companies in the desiccants market are engaging in expanding their product portfolios and strengthening their positions through strategic acquisitions, collaborations, and new product launches. For example, in November 2022, Munters acquired Hygromedia and Rotor Source in its pursuit of developing its capability in desiccant dehumidification technology systems.
Governments worldwide are recognizing the contribution of drying agents in sustaining product safety and quality, especially in food and pharmaceuticals. The European legislation in the form of Regulation (EC) 1935/2004 states that substances in contact with food address high standards of food safety; specifically, desiccants need to be at those high standards. These regulations are further anticipated to promote desiccants market expansion.
Growth Drivers:
Challenges:
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.3% |
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Base Year Market Size (2023) |
USD 1.2 billion |
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Forecast Year Market Size (2036) |
USD 2.3 billion |
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Regional Scope |
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Type (Activated Alumina, Silica gel, Activated Charcoal, Calcium Chloride, Zeolite, Clay, Others)
The silica gel desiccants segment is projected to account for 42.5% of the global desiccants market by 2036. One of the major driving factors of this market is the high adsorption capacity toward water, accompanied by cost advantage and versatile application. A significant factor that has boosted the consumption of silica gel is its increasing use as desiccant in food packaging, especially against spoilage and extending shelf life. Meanwhile, increased production of electronics—whereby it becomes necessary to shield devices from moisture—is also expected to fuel demand for silica gel.
End user (Packaging, Food, Pharmaceutical, Electronics, Others)
The food segment is expected to reach nearly 32% revenue share in the global desiccants market during the forecast period. Some of the most important factors driving the use of desiccants in the food industry include the growing interest in food preservation to mitigate waste issues, rising consumer preference for convenience foods packed and processed foods, and stringent quality standards. In September 2023, Application Engineering Co. launched its line of energy-efficient desiccant wheel dryers for plastics processors who demand precision moisture removal in material handling. Such developments, coupled with increased consumer consciousness of fresh food shelf life and longer shelf-life products, are likely to open opportunities for manufacturers.
Our in-depth analysis of the desiccants Market includes the following segments:
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Type |
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End user |
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Asia Pacific Market Analysis:
Asia Pacific is anticipated to dominate the desiccants market with a 37% share during the forecast period. The growth of this region has been driven by industrialization and a rising demand for desiccants by industrial and consumer applications, specifically from the pharmaceutical and electronics sectors. China is anticipated secure a leading share in Asia Pacific due to rapid industrialization, coupled with an expansion in manufacturing activities, which has presented major opportunities for desiccant manufacturers. Moreover, the increasing emphasis on moisture control in packaging to extend shelf life and reduce wastage is also boosting the market growth in China.
India is witnessing a surge in the adoption of desiccants, owing to increased demand from the electronics sector. Companies in India are seen increasingly expanding their product lines and production capacities to meet the growing demand. For instance, in September 2023, Bry-Air launched the 'BryShield', an innovative solution that ensures electronic corrosion protection, drawing out gaseous contaminants in small server rooms. The development underscores that the region has been raising potential application concerns in addressing moisture-related issues in critical environments. Moreover, the companies in India are investing intensively in research and development to produce more efficient desiccants to serve consumer requirements.
North America Market Analysis:
North American desiccants market is poised to expand relatively fast within the forecasted period. This market has been growing in the pharmaceutical and food industry, elements in which product moisture control is quintessential for maintaining valid integrity. The U.S. is likely to hold a dominant share during the forecast period owing to the growing demand for packaged and processed food products—from changing consumer lifestyles—which further drives the market. Extra emphasis on quality and standards in manufacturing processes enhances the demand for desiccants in the U.S.
In Canada, the desiccants market is expected to witness steady growth due to the availability of established companies and their manufacturing prowess. Companies are now broadening their strategies through innovative product launches, acquisitions and joint ventures to gain more presence in the market. For instance, In May 2020, Airnov Healthcare Packaging introduced its latest collection of laser-marked sorbent and desiccant canisters. By removing print or paper labels, the laser-marked desiccant canisters decreased the possibility of contamination in packaged medications and nutraceuticals. It is such strategic moves that mirror the dynamism of the market and firms' relentless innovation efforts in response to evolving demands from the region.
The global desiccants market is moderately concentrated in terms of the number of players. Some of the prominent players operating in this market are Clariant, Grace, Multisorb Technologies, OhE Chemicals, Abbas, Sorbead India, Makall, AGM Container, IMPAK Corporation, and Sinchem Silica Gel. These top players control more than 60% of the total market share. The main competition is in offerings by product or service quality, prices, product or service innovation, and customer satisfaction. R&D investments by most companies remain high as they strive to come up with better desiccant solutions for targeted markets.
In October 2023, Clariant announced new additions to its existing portfolio of innovative pharmaceutical ingredient solutions that support the evolution of safe and effective medicines. In CPHI, Barcelona will be revealing three new VitiPure excipients, making possible a great array of new Active Pharmaceutical Ingredients (API) formulations and administration routes, including sensitive ones such as mRNA vaccines and biologic medications, providing a one-stop-shop solution provider to the industry.
Here are some leading players in the desiccants market:
Author Credits: Rajrani Baghel
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