The new report by Expert Market Research titled, 'United States Desiccants Market Report and Forecast 2021-2026', gives an in-depth analysis of the United States desiccants market, assessing the market based on its segments like process, type, and applications. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5 %
The growth of the food packaging industry in the United States, along with the rising investments and innovations by the key players in the desiccants industry, is expected to be the driving factor in the growth of the United States desiccants market. Due to their ability to efficiently absorb moisture from the air, either by physical adsorption or by chemical absorption, desiccants are widely used in the food industry to preserve the freshness of food items and keep impurities away. They are also being increasingly used in the electronics and pharmaceutical industries, which is further anticipated to bolster the demand for desiccants in the forecast period.
Silica gels are the most widely used type of desiccant owing to their excellent absorption properties and low cost, which is further expected to lead to market growth. They find extensive usage across various industries, such as the food and beverage, paints and coatings, pharmaceutical, plastics, and printing industries, due to their properties. Moreover, it is non-toxic, inert, and stable in nature and can also effectively protect drugs from the damaging effects of moisture, further propelling its demand in the forecast period.
Industry Definition and Major Segments
Desiccants are hygroscopic materials that can absorb moisture from their surroundings, either by physical adsorption or by chemical reaction. Physical adsorption occurs when desiccants absorb moisture by trapping it within its surface or capillaries without changing the water characteristics. While chemical absorption occurs when desiccants absorb moisture and react with it to form another mixture. Desiccants help prevent goods from getting damaged by reducing moisture and thus reducing humidity. Desiccants are used in the transportation of food and pharmaceuticals, as well as in air conditioning system drying components and several chemical reactions.
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Based on the process of absorption, the market can be segmented into:
- Physical Absorption
- Chemical Absorption
On the basis of type, the market can be fragmented as follows:
- Silica Gel
- Activated Alumina
- Activated Charcoal
- Calcium Chloride
Applications of desiccants include the following:
- Air and Gas Drying
The market is being driven by the increasing demand for desiccant in food and beverage and pharmaceuticals industries. Due to the exceptional absorbing properties of desiccants, especially silica gel, they find extensive usage in the food packaging and healthcare sectors in the United States. Desiccants are also increasingly being used by the domestic electronic manufacturers to prevent the impact of moisture on devices, which is further expected to contribute significantly to the market growth. Furthermore, manufacturers have developed high quality desiccants for pharmaceutical applications to help prolong the shelf-life of various oxygen-sensitive pharmaceutical products and thus remove the need for chemical preservatives and antioxidants in these products. This is expected to contribute significantly to the growth of the United States Desiccants market in the forecast period. Moreover, there is also increasing use of desiccants in the chemical industry and also in air conditioning systems to increase their efficiency, which is further expected to boost the demand of desiccants in the region. Desiccants based on the process of chemical absorption are more effective than those based on physical adsorption. However, they are relatively costlier as well. This has led to comparatively higher demand for physical adsorption desiccants in the market, which include silica gel and zeolites.
Key Market Players
The major players in the market are Clariant Ltd., Drytech Inc, Wisesorbent Technology LLC, Multisorb Filtration Group, W.R. Grace & Co, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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