Allied Market Research published a report, titled, "Desiccant Market by Type (Silica Gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride, Clay and Others) and End use industry (Packaging, Food, Pharmaceutical, Electronics and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." The global desiccant industry generated $0.9 billion in 2020, and is expected to reach $1.5 billion by 2030, witnessing a CAGR of 4.9% from 2021 to 2030.
Growing practice of packaging for food & pharmaceutical products and surge in adoption of biopharmaceutical merchandises in emerging countries drive the growth of the global desiccant market. However, high cost of investments restrains the market growth. On the other hand, increase in demand from the electronics industry presents new opportunities in the coming years.
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Leading Market Players
- Fuji Silysia Chemical Ltd.
- Desicca Chemicals Pvt. Ltd.
- Tropack Packmitel GmBH
- Oker-Chemie GmBH
- Hengye, Inc.
- Multisorb technologies
- Clariant
- Capitol Scientific, Inc.
- W. R. Grace And Co.
- Evonik Industries AG
Covid-19 Scenario
- During the Covid-19 pandemic, the demand for desiccant from end use industries such as pharmaceutical and packaging increased considerably. However, the demand from the electronics industry happened to reduce due to several lockdown measures and manufacturing interruptions.
- The disruptions in the supply chain presented challenges in acquiring desiccants in various end use industries. However, the supply chain has been regulated post-pandemic.
- The silica gel segment to maintain its lead position throughout the forecast period
Based on type, the silica gel segment accounted for the highest market share in 2020, holding nearly two-fifths of the global desiccant market, and is expected to maintain its lead position throughout the forecast period. This is due to increased demand from the biopharmaceuticals sector and its usefulness in collecting or segregating different components of a drug. However, the activated alumina segment is estimated to witness the largest CAGR of 7.1% from 2021 to 2030, owing to rise in concerns related to water pollution by fluorine and its significance in the pharmaceutical industry.
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The food segment to maintain its leadership status during the forecast period
Based on end use industry, the food segment held the highest market share in terms of revenue in 2020, accounting for more than one-third of the global desiccant market, and is projected to maintain its leadership status during the forecast period. This is due to its usage as a drying agent for protection of certain food products. However, the pharmaceutical segment is projected to register the fastest CAGR of 5.7% from 2021 to 2030. This is attributed to increase in demand for pharmaceutical products that utilize desiccants.
Asia-Pacific, followed by North America, to offer lucrative opportunities
Based on region, Asia-Pacific, followed by North America, contributed to the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global desiccant market, and is expected to continue its dominance by 2030. Moreover, this region is estimated to manifest the largest CAGR of 6.2% during the forecast period. This is attributed to high demand from end use industries such as pharmaceutical, electronics, and food in the region.
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26th September, 2018 - Desiccant Wheels Market is exactly the same as a thermal wheel.
When the wheel rotates, the desiccant permits interchangeably over the arriving air; here the moisture gets adsorbed.
In the restoring sector, the desiccant is dried and the dampness gets ejected.
The wheel remains rotating, and the adsorption procedure is continued.
The augmented release of carbon and the other greenhouse gases like nitrous oxide and methane due to the fast speed of mechanization has caused an increase in temperature levels worldwide.
This issue is likely to have a large negative influence on the general growth of the worldwide desiccant wheel market in the coming years.
Orbis Research has announced the addition of the “Global Desiccant Market” to store by company, by country, and by application/type for the competitive landscape analysis.This report researches the worldwide Desiccant market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the Global Desiccant Market breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.Global Desiccant market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period.
In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Desiccant.Request a sample of this report @ http://orbisresearch.com/contacts/request-sample/2289173 .This report focuses on the top manufacturers' Desiccant capacity, production, value, price and market share of Desiccant in global market.
The following manufacturers are covered in this report: BASF Clariant Grace Honeywell International Minerals Technologies OhE Chemicals Multisorb Absortech Stream Peak International Shanghai Wisepac Topcod Wihai Pearl Silica Gel Makall Desiccant Breakdown Data by Type Silica Gel Activated Charcoal Calcium Sulfate Calcium Chloride Molecular Sieves Desiccant Breakdown Data by Application Aircraft Equipment Cameras and Film Delicate Instruments Electronic Devices Food Packages Medical Devices and Pharmaceuticals Desiccant Production Breakdown Data by Region United States Europe China Japan Other RegionsIf enquiry before buying this report @ http://orbisresearch.com/contacts/enquiry-before-buying/2289173 .The study objectives are: To analyze and research the global Desiccant capacity, production, value, consumption, status and forecast; To focus on the key Desiccant manufacturers and study the capacity, production, value, market share and development plans in next few years.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Desiccant Wheel is very similar to a thermal wheel, but with a coating applied for the sole purpose of dehumidifying, or "drying", the air stream.
Regeneration is normally carried out by the use of a heating coil, such as a water or steam coil, or a direct-fired gas burner.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/102702/global-desiccant-wheel-2021-2027-449 Japan is the largest Desiccant Wheel market with about 39% market share.
Top 3 companies occupied about 48% market share.Market Analysis and Insights: Global Desiccant Wheel MarketIn 2020, the global Desiccant Wheel market size, Manufacturers, Supply Chain was US$ 153.2 million and it is expected to reach US$ 246.8 million by the end of 2027, with a CAGR of 7.5% during 2021-2027.Global Desiccant Wheel Scope and Market SizeDesiccant Wheel market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Desiccant Wheel market is segmented intoSilica Gel Desiccant WheelMolecular Sieve Desiccant WheelOthersSegment by Application, the Desiccant Wheel market is segmented intoPharmaceuticalFood IndustryChemical IndustryElectronicsOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Desiccant Wheel Market Share AnalysisDesiccant Wheel market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
