The global desiccant market was valued at $1.1 billion in 2022 and is projected to reach $1.8 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032. 

Allied Market Research published a report, titled, “Desiccant Market by Type (Silica Gel, Activated Alumina, Activated Charcoal, Zeolite, Calcium Chloride, Clay, and Others) by End-Use Industry (Packaging, Food, Pharmaceutical, Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032”. 

"Desiccants" are materials or products with hygroscopic properties, meaning they have the ability to absorb moisture from their surrounding environment. Through this moisture absorption, they effectively reduce humidity levels and play a crucial role in preventing the damage that moisture can inflict on various products. Desiccants primarily employ two distinct mechanisms for moisture absorption. The first is physical absorption, wherein desiccants trap moisture within their surfaces or capillaries without altering the fundamental properties of the water itself. This process is reversible, allowing for the release of moisture when needed. 

Prime determinants of growth 

The global Desiccant market is experiencing growth due to several factors such as growing demand for activated alumina from the oil and gas industry and increasing demand for desiccants from the pharmaceutical industry as desiccant plays a pivotal role in maintaining the quality and efficacy of pharmaceutical products. However, the high investment costs associated with desiccants hinder market growth to some extent. Moreover, the increase in the use of desiccant in the chemical sector and air conditioning systems offer remunerative opportunities for the expansion of the Desiccant market.