Desiccants Market Share

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.