Desiccants Market - Top Companies and Manufacturers

  • Report ID: 6232
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Companies Dominating the Desiccants Landscape

    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:

    • Hengye, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Capitol Scientific, Inc
    • W.R. Grace & Co-Conn
    • CLARIANT
    • Multisorb
    • OKER-CHEMIE
    • Evonik Industries AG
    • Desicca Chemical Pvt. Ltd.
    • TROPACK Packmitel GmbH 

Browse Key Market Insights with Data Illustration:

In the News

  • In June 2023, Clariant made a further improvement to the environmental impact of desiccants by including plastic-free Desi Pak ECO moisture adsorbing packets in its line of naturally occurring, highly adsorbent clay solutions that are responsibly mined. These packets assist distributors and manufacturers in preventing moisture damage to sealed packaged goods.
  • In May 2024, Sorbead India and Swambe Chemicals announced their merger, forming Sorbchem India Private Limited. Through this combination, two market leaders combine their skills and domain knowledge to offer improved desiccant and adsorbent solutions under a single brand.
  • In December 2022, Clariant announced that it would increase its Care Chemicals facility capacity in Daya Bay, Huizhou, China. The CHF 80 million investment will see increased capacity for existing products and the addition of new products by the end of 2024, significantly enhancing support for pharmaceutical, personal care, home care, and industrial application customers.

Author Credits:  Rajrani Baghel


  • Report ID: 6232
  • Published Date: Aug 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The desiccants market size was USD 1.2 billion in 2023.

The global desiccants market size was US 1.2 billion in 2023 and is expected to reach USD 2.3 billion by the end of 2036, expanding at a CAGR of 5.3% over the forecast period, i.e., 2024-2036.

Capitol Scientific, Inc, Fuji Silysia Chemical Ltd., Desicca Chemical Pvt. Ltd., W.R. Grace & Co-Conn, CLARIANT, Multisorb, TROPACK Packmitel GmbH, and Evonik Industries AG are some key players in the market.

The silica gel segment is expected to hold a share of 42.5% during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 37% in 2024.
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