Desiccants Global Market Report 2024

The desiccants market size has grown strongly in recent years. It will grow from $0.16 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The expansion observed in the historical period can be credited to robust economic growth in emerging markets, an upsurge in disposable income, advancements in the pharmaceutical industry, increasing industrialization, growth within the packaging sector, and the rapid development of e-commerce.

The desiccants market size is expected to see strong growth in the next few years. It will grow to $0.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be ascribed to the growing support from governments, rising demand from the chemical industries, an increase in the global population, and rapid urbanization. Key trends expected in the forecast period include the introduction of advanced desiccant breathers, innovations in products, the emergence of new bio-based moisture-adsorbing packets, advancements in technology, and a focus on launching innovative desiccant packaging solutions.

The growth of the desiccants market is expected to be propelled by the increasing prominence of textile manufacturing. Textile manufacturing involves converting fibers into yarn and then yarn into fabric. Desiccants play a crucial role in controlling humidity during textile manufacturing and storage, preventing mold growth, and preserving fabric quality. For example, as reported by the National Council of Textile Organizations, which mobilizes support for the textile industry in the United States, the total shipments of textile and apparel amounted to $65.8 billion in 2022. Additionally, combined exports of fiber, textiles, and apparel reached $34.0 billion in 2021. Consequently, the upsurge in textile manufacturing is a key driver for the desiccants market.

The growth of the desiccant market is fueled by the increasing demand for desiccants in the packaging industry and consumer products. Desiccant packets, containing absorbent materials such as bentonite clay, silica gel, or molecular sieve, serve to protect goods from humidity, moisture, odors, and other detrimental elements. The detrimental effects of high humidity and moisture in the air can lead to damage in consumer goods, medical devices, and pharmaceutical products.

There is a growing demand for desiccants in the pharmaceutical, chemical, and food and beverage industries to regulate humidity during the manufacturing and processing of products. The increase in carbon percentage and rising atmospheric temperatures can lead to product damage due to high moisture content in the air. To prevent moisture-related issues, these industries employ various dehumidification methods, with desiccant wheels being a particularly effective and economical choice for controlling humidity levels.

Major companies in the desiccant market are actively developing innovative products, such as Desi Pak ECO, to improve sustainability and reduce their carbon footprint. Desi Pak ECO is a moisture-absorbing solution designed to prioritize the sourcing of raw materials and transportation packaging with sustainability in mind. For instance, in June 2023, Clariant AG, a Switzerland-based chemicals company, introduced Desi Pak ECO, an innovative desiccant with a focus on sustainability, efficiency, and effectiveness. This desiccant is crafted from naturally sourced materials and is available in a plastic-free, bio-based packet. Desi Pak ECO has undergone a thorough screening process to ensure positive contributions to all dimensions of sustainability.

In October 2022, Ingersoll Rand Inc., an American company specializing in pumps and pumping equipment, agreed to acquire the Air Treatment business of SPX Flow for $525 million. This acquisition expands Ingersoll Rand's product offerings and sets the stage for future growth. The Air Treatment business of SPX Flow provides desiccant and refrigerated dryers, filtration systems, and purifiers. SPX Flow is a US-based provider of engineered flow components, process equipment, and turn-key systems.

Major companies operating in the desiccants market report are 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.

Asia-Pacific was the largest region in the desiccants market in 2023. 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. The countries covered in the desiccants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The primary types of desiccants include silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay, and other variants. Silica gel is a non-crystalline, highly porous form of silica utilized to extract moisture from liquids and gases. It serves as a drying agent, providing protection to specific commercial and food products. Desiccants operate through processes such as physical adsorption and chemical absorption. Their diverse applications span across electronics, food preservation, pharmaceuticals, packaging, air and gas drying, as well as various other fields.

The desiccants market research report is one of a series of new reports that provides desiccants market statistics, including desiccants industry global market size, regional shares, competitors with a desiccants market share, detailed desiccants market segments, market trends and opportunities, and any further data you may need to thrive in the desiccants industry. This desiccant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The desiccant market consists of the sales of indicating silica gel, molecular sieves, calcium oxide and calcium sulfate, montmorillonite clay, and nitrogen desiccants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.