Desiccant market size was valued at $0.9 billion in 2020, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 4.9% from 2021 to 2030

Desiccants are specialised drying agents that extract moisture from a variety of materials. Because of their compound properties, they are either solvents or insoluble compounds that absorb moisture. Desiccants are used to protect the contents of a sealed package from moisture damage. This is why many sealed products include a packet of silica gel and other desiccant materials. These desiccants can absorb a significant amount of humidity and store a large percentage of their weight in moisture. Desiccants are also used in more modern applications like moisture removal, waste removal and cleaning, and regenerative drying.

Demand for desiccants is increasing in the packaging industry, particularly in pharmaceutical and food packaging. Electronics manufacturers are working hard to reduce the moisture effect on their products, which will lead to an increase in desiccant demand in the future. Furthermore, the growing use of desiccants in the chemical industry and air conditioning systems is expected to drive the desiccants market.

However, the cost of setting up machinery to produce desiccant is very high and requires frequent maintenance, so an increase in machinery setup cost raises desiccant production costs. This, in turn, raises the cost of the end user. As a result, the desiccant market’s growth is limited.

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Global Pharmaceutical Desiccant Market: Top Key Players
Capitol Scientific, Inc.
E. I. Du Pont De Nemours And Company
Oker-Chemie Gmbh
Sanner Gmbh
CSP Technologies, Inc.
W. R. Grace & Co.
Proflute AB
Multisorb Technologies
Desiccare, Inc.
Rotor Source, Inc.
Clariant
Munters AB

Global Pharmaceutical Desiccant Market: By Types
Silica Gel
Activated Alumina
Carbonclay Desiccant
Molecular Sieves
Others

Global Pharmaceutical Desiccant Market: By Applications
Pharma
Food
Industry

Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:

United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.

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FAQs
• What is the driving factor for the growth of the Pharmaceutical Desiccant market?
• How will the COVID-19 pandemic impact the demand and consumption of the Pharmaceutical Desiccant market?
• What is the major application area of the Pharmaceutical Desiccant market?
• Who are the Pharmaceutical Desiccant manufacturers across the globe?
• Which geographical location is dominant in the Pharmaceutical Desiccant market?
• Which are the top industry players in the Pharmaceutical Desiccant market?

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