Desiccants Market Size & Share 2023 to 2032
Market Size by Type (Silica Gel, Clay Desiccants, Molecular Sieves, Activated Carbon, Calcium Chloride), by Application (Pharma, Food Packaging, Electronics, Logistics & Shipping, Textiles, Automotive, Aerospace, Cosmetics) & Forecast.
Report ID: GMI6750
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Published Date: September 2023
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Desiccants Market Size
Desiccants Market size achieved a valuation of approximately USD 0.95 billion in 2022 and is anticipated to grow at a CAGR of 4.8% between 2023 and 2032. Desiccants play a critical role in the pharmaceutical industry, safeguarding moisture-sensitive drugs to maintain their effectiveness. Strict regulatory mandates within the pharmaceutical sector necessitate the utilization of desiccants to uphold product quality and safety.
Desiccants Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Additionally, manufacturers in the electronics and semiconductor industry utilize desiccants to shield sensitive components from potential damage caused by moisture throughout production and shipping. In the realm of food packaging, desiccants are vital for extending the shelf life of products by effectively managing moisture levels and preventing spoilage.
The conventional desiccant materials, like silica gel, face a growing challenge due to rising environmental apprehensions and regulatory constraints related to their disposal and environmental impact. This issue is particularly pertinent in sectors such as pharmaceuticals and food packaging, where strict regulations demand desiccants to meet precise quality and safety criteria. In price-sensitive industries like agriculture, finding the right equilibrium between performance and cost-effectiveness is a formidable task, especially given the presence of more affordable alternatives. Consequently, the potential risks linked to traditional desiccants may deter their widespread acceptance, thereby impeding business growth.
COVID-19 Impact
Many industries that use desiccants, such as manufacturing, automotive, and electronics, experienced reduced production or temporary shutdowns due to lockdowns and reduced consumer demand. This resulted in decreased demand for desiccants in these sectors. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Desiccants Market Trends
The pharmaceutical industry continued to drive demand for desiccants to protect moisture-sensitive drugs and medical devices. Stringent regulations and the need for longer shelf life in pharmaceutical products supported this trend. The growth of e-commerce, especially during the COVID-19 pandemic, increased the demand for desiccants in packaging materials. Desiccants are essential for protecting products from moisture damage during transit and storage.
Desiccants Market Analysis
Based on type, the desiccants market is segmented as silica gel, clay desiccants, molecular sieves, activated carbon, calcium chloride, others. Silica Gel held a majority market value of USD 950 million in 2022. Silica gel is widely used in pharmaceutical packaging to protect moisture-sensitive drugs and maintain their shelf life.
Based on application, the desiccants market is segmented as pharmaceuticals, food packaging, electronics, logistics and shipping, textiles, automotive, aerospace, cosmetics, building and construction, others. Pharmaceuticals held a dominant market share of around 25% in 2022 and is expected to grow at a lucrative pace till 2032. Pharmaceuticals often require strict moisture control to maintain drug stability and efficacy. Desiccants are crucial in protecting moisture-sensitive medications.
U.S. dominated the North American region with majority desiccants market share and a revenue of USD 245 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The pharmaceutical industry relies on desiccants to protect moisture-sensitive medications and maintain their stability and efficacy.
Desiccants Market Share
Some of the major industry players operating in the desiccants market are
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Desiccants Industry News:
Desiccants market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:
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By Type
By Application
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →