Desiccants Market Analysis by Type (Silica Gel, Zeolite, Activated Alumina, Activated Charcoal, Calcium Chloride & Clay), by Applications and by Process

LONDON, March 5, 2020 /PRNewswire/ --   TheBusinessResearchCompany.com offers one of its latest report Desiccants Global Market Report 2020 published from its research database. The entire report spread across 150+ pages and available for purchase (Individual License USD 4000) @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2597 .

Increasing Demand For Desiccants By End-Use Industries

Increasing demand for desiccants in the packaging industry combined with that in consumer products drives the growth of the global desiccants market. Desiccants packets are tiny sachets that contain bentonite clay, silica gel, molecular sieve or other absorbent products to protect goods from humidity, moisture, odors and other damaging elements. High humidity and moisture in air leads to product damage in consumer goods, medical devices and pharmaceutical products.

There is also increasing demand for desiccants in pharmaceuticals, chemicals, and food and beverages, to control humidity in manufacturing and processing products. Rise in carbon percent and increased atmospheric temperature causes damage to products due to high moisture content in the atmosphere. Various methods of dehumidification are used by these industries to avoid moisture content in a close vicinity. For example, desiccant wheels are the most effective and economical method used to control humidity levels in products for these industries.

Desiccants absorb moisture from their surroundings and prevent products from getting damaged due to moisture. Desiccant materials include silica gel, zeolite, activated alumina, activated charcoal, calcium chloride, clay and others.

Desiccants In Pharmaceutical Products

Desiccants are compounds or agents used to facilitate a low humidity environment by absorbing moisture content from the air during storage or maintenance of materials and products. Desiccants are used in the pharmaceutical process chain. The correct selection and use of a desiccant can prevent chemical reactions and ensures the integrity and performance of finished products. For example, Pradaxa (dabigatran etexilate mesylate) is packaged in a bottle containing a 30-day supply with a desiccant (drying agent) in the cap to help keep moisture away from the capsules.

High Costs Involved In Desiccant Production

High cost investment for setting up machineries is restraining the growth of the global desiccants market. Increase in machinery setup cost increases the production cost of the desiccants. This will in turn increase the end-user cost. Thus, high cost investments are a restraint on the growth of the market.

Global Desiccants Market Overview

The global desiccants market was valued at about $0.12 billion in 2018 and is expected to grow to $0.16 billion at a compound annual growth rate (CAGR) of 7.2% through 2022. North America was the largest region in the desiccants market in 2018. This region is expected to remain the largest during the next five years. The desiccants market in Asia Pacific is forecast to register the highest CAGR during 2018-2023.

AptarGroup Acquires CSP Technologies

Major players in the desiccants market are Porocel, The Dow Chemical, INEOS, Fuji Silysia Chemical, and Hengye Molecular Sieve. Companies in the market have been investing in mergers and acquisitions to strengthen their desiccants business. In August 2018, AptarGroup, Inc., a US-based company providing a range of packaging, dispensing, and sealing solutions, acquired CSP Technologies S.à r.l., for $555 million. With this acquisition, Aptar looks forward to expand CSP Technologies' existing business in the pharma market, and leveraging their active packaging business. CSP Technologies S.à r.l. is a leader in active packaging technology based on proprietary material science expertise. Request a Sample Of This Research Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2597&type=smp .

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