Lucintel’s latest market report analyzed that desiccant provides attractive opportunities in the packaging, food, pharmaceutical, and electronic industries. The desiccant market is expected to reach $1.7 billion by 2028 with a CAGR of 5.5%. In this market, silica gel is the largest segment by product type, whereas pharmaceutical is largest by end use industry.
Based on product type, the desiccant market is segmented into silica gel, activated alumina, activated charcoal, zeolite, calcium chloride, clay, and others. The silica gel segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant use of this gel as catalyst carriers, adsorbents, and separators, and perfume carriers owing to its moisture-proof and dry properties.
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The Desiccant Market is marked by the presence of several big and small players. Some of the prominent players offering desiccant include Fuji silysia chemical, Desicca chemicals, Tropack packmitel, Oker-Chemie, and Hengye.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link email@example.com.
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