Desiccant Market Business Strategies, Revenue Global Technology, Application, and Growth Rate Upto 2029
Desiccant Market was valued at US$ 0.95 Bn. in 2021. Global Desiccant Market size is expected to grow at a CAGR of 5.24 % through the forecast period.
Desiccant Market Overview:
The Desiccant market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Desiccant Market, as well as the reasons for variations in the industry's growth across a number of sectors.
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
by Type• Silica Gel• Activated Alumina• Activated Charcoal• Zeolite• Calcium Chloride• Clay• Others
With a 7.1% CAGR, the activated alumina segment leads the market in terms of type. Al2O3 or alumina, also known as activated alumina, is a solid form of alumina that is porous. Water adsorption is one of the many applications for activated alumina. Compressed air and other gases and liquids can be dried by using activated alumina as a desiccant. Adsorbents are also frequently used to clean gas streams by selectively adsorbing particular molecules. In 2021, the market for activated alumina was worth US$ 0.17 billion. Through the projected period, the activated alumina market is anticipated to expand at a CAGR of 8.1%.
Desiccant Market Size, by Type (2021-2029)
• Silica Gel
• Activated Alumina
• Activated Charcoal
• Zeolite
• Calcium Chloride
• Clay
• Others
Desiccant Market Size, by Process of Absorption (2021-2029)
• Physical Absorption
• Chemical Absorption
Desiccant Market Size, by End User (2021-2029)
• Packaging
• Food
• Pharmaceutical
• Electronics
• Others
Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Desiccant market are as follows:
• Tropack Packmitel GmBH
• Oker-Chemie GmBH
• Fuji Silysia Chemical Ltd.
• Desicca Chemicals Pvt. Ltd.
• Oker-Chemie GmBH
• Hengye, Inc.
• Multisorb technologies
• Clariant
• Capitol Scientific, Inc.
• W. R. Grace And Co.
• Evonik Industries
• Shandong Sinchem Group
• Dongying Yiming
• Sorbead
• Abbas
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Desiccant market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Desiccant Market:
Due to a stop in operations, end-user sectors where Desiccant are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Desiccant manufacturers, hurting the growth of the Desiccant market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Desiccant has fallen.
Key Questions Answered in the Desiccant Market Report are:
- In 2021, which segment accounted for the most share of the Desiccant market?
- What is the competitive landscape of the Desiccant market?
- What are the key factors influencing Desiccant market growth?
- In the Desiccant market, which region has the most market share?
- What will be the CAGR of the Desiccant market during the forecast period (2022-2027)?
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