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Desiccants Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_8617 | Date : Jan, 2023 | Pages : 182 | Region : Global

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The term Desiccants refers to materials or products which are hygroscopic in nature. Desiccants absorb the moisture from the surroundings. By absorbing moisture, they reduce humidity and thus, help prevent goods from getting damaged by moisture. Desiccants work by absorbing moisture and trapping it within surfaces or capillaries without changing the water characteristics - this is called physical absorption. On the other hand, some desiccants absorb moisture and react with it to form another mixture - this is called chemical absorption. Physical absorption of moisture is reversible, whereas, chemical absorption is irreversible. Generally, silica gel, zeolites and other such types of desiccants work through physical absorption and desiccants such as calcium chloride, magnesium sulphate and others work through chemical absorption. Desiccants play a vital role in shipping food and pharmaceuticals products by absorbing moisture and maintaining controlled environment to ensure the quality of products throughout the period of transportation. Moreover, desiccants are used in the manufacturing insulated windows, to prevent moisture condensation on the panes. Desiccants such as zeolites are used as drying components in air conditioning systems to maintain the efficiency of refrigerant. Desiccants are also used in some chemical reactions, such as those where water must be removed from solvents such as in Grignard reaction, where zeolites are used as a drying agents.
This unique moisture absorption ability of desiccants makes it suitable for a variety of applications where water presence/ moisture can cause damage to the products, such as in electronics, food, pharmaceutical and clothing industries. Increasing use of desiccants in the packaging industry, especially for food and pharmaceutical products, and in the transportation industry is the major driving factor for the growth of the desiccants market. Manufacturers operating in electronic industry are making every effort to reduce moisture effect on electronic products, which will eventually lead to increased demand for desiccants in near future. Moreover, rising use of desiccants in the chemical industry and in air conditioning systems is also likely to boost the desiccants market growth. Chemical absorption is, in general, more effective than physical absorption.
The Global Desiccants Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Desiccants Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Porocel
The Dow Chemical
INEOS
Fuji Silysia Chemical
Hengye Molecular Sieve
Qingdao Makll
Zeotec Adsorbents
Desicca Chemicals

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Physical Absorption
Chemical Absorption

In Market segmentation by applications :
Electronics
Food
Pharmaceutical
Packing
Air & Gas Drying
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Desiccants Market for the forecast period 2023-2030?
• What are the driving forces in the Desiccants Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Desiccants industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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