Desiccant & Adsorbent Market by Product (Activated Alumina, Activated Carbon, Ceramic Balls), Application (Abrasives, Construction, Oil & Gas) - Global Forecast 2024-2030

Desiccant & Adsorbent Market by Product (Activated Alumina, Activated Carbon, Ceramic Balls), Application (Abrasives, Construction, Oil & Gas) - Global Forecast 2024-2030

The Desiccant & Adsorbent Market size was estimated at USD 9.15 billion in 2023 and expected to reach USD 9.65 billion in 2024, at a CAGR 5.73% to reach USD 13.52 billion by 2030.

Desiccants are specialized drying agents that remove moisture from various materials, including solvents or insoluble compounds that absorb moisture owing to their compound properties. Porous adsorbents such as activated clay, silica gel, or molecular sieves use physical adsorption instead of chemical adsorption to protect the products. Desiccants keep a sealed package's contents from being damaged by humidity. Static adsorption & desiccation are used in noble gas separation, precipitation titration, and chromatographic methods in which the adsorbent or desiccant passively absorbs water and other contaminants. Huge demand is observed for desiccants & adsorbents in the oil & gas sector, the packaging business, and water treatment in developing economies, significantly increasing the utilization of desiccants & adsorbents. However, uncertain prices of raw materials and limited usability impede the adoption of desiccants & adsorbents. In addition, developing new-generation adsorbents and emerging production technologies is expected to create robust opportunities for creating desiccants & adsorbents.

Regional Insights

In North America, major chemical-producing companies are increasing their production capacity to meet domestic chemical demand. Adsorbents such as silica gel, synthetic resins, molecular sieves, polymeric adsorbents, and activated carbon are becoming more popular across the region due to their numerous potential advantages, including superior thermal stability and abrasion resistance. In the Asia-Pacific region, the growing public health concerns associated with the scarcity of freshwater and ongoing widespread programs to remove fluoride and sulfur from drinking water by several emerging countries are enhancing the utilization of desiccants & adsorbents. Rapidly growing population along with massive infrastructure development has improved regional wastewater management, thereby increasing the need for desiccants & adsorbents to remove non-degradable organic contaminants from groundwater. In the Middle East, adsorbents such as zeolite molecular sieves, active carbon, impregnated carbons, resins, and polymers play a significant role in the oil & gas sector.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Desiccant & Adsorbent Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising need of desiccant & adsorbents for water treatment in developing economies
High demand for desiccant & adsorbent in oil & gas sector
Increase in demand for desiccants in the packaging business

Market Restraints

Fluctuating prices of raw materials used in desiccant & adsorbents

Market Opportunities

Improving desiccants & adsorbent production technologies
Development of new-generation adsorbents and increased demand for desiccants in ACS

Market Challenges

Limited usability of desiccants & adsorbents

Market Segmentation Analysis

Product: Extensive range of varied products used in gas, petroleum, and petrochemical plants
Application: Rising penetration of molecular sieves and silica gel in refractory and water treatment operation

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Desiccant & Adsorbent Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Desiccant & Adsorbent Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Suzhou Nanomicro Technology Launches New Silica Gel Packing Product.

Suzhou Nanomicro Technology has launched a new silica gel packing product combining desiccant and adsorptive technologies, enhancing the safety and convenience of stored food products, pharmaceuticals, electronics, and various other items. With its advanced features, Suzhou Nanomicro Technology provides effective moisture control and protection against harmful environmental factors.

Palmer Holland Announces Partnership With Zeochem.

Palmer Holland has entered into a partnership with Zeochem to expand its range of products in the desiccant and adsorbent sector. This partnership enables Palmer Holland to provide a diverse range of solutions that cater to customer requirements and meet application demands to bring about greater value and innovation in the desiccant and adsorbent industry.

Desotec to Buy Evoqua’s Carbon Reactivation Services Business for USD 100m.

Belgium-based company Desotec has announced its acquisition of Evoqua Water Technologies' carbon reactivation services business for a reported USD 100 million. After the completion of the deal, Evoqua aimed to establish a supply agreement with Desotec to ensure the provision of reactivated carbon services to its customers.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Desiccant & Adsorbent Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Desiccant & Adsorbent Market, highlighting leading vendors and their innovative profiles. These include Almatis B.V., Ashirwad Chemicals, Axens SA, BASF SE, Calgon Carbon Corporation, CWK Chemiewerk Bad Kostritz GmbH, Desicca Chemicals Pvt. Ltd., Drytech Incorporated, Edco Supply Corporation, Fuji Silysia Chemical Ltd., Global Adsorbents Pvt. Ltd., Guangdong Xintao Technology Co. Ltd., Hengye Inc., Honeywell International Inc., Jiangxi Xintao Technology Co., Ltd., KNT Group, Merck KGaA, Munters Corporation, Osaka Gas Chemicals Co. Ltd., Porocel Corporation by Evonik Industries AG, Shanghai Chenxu Trading Co., Ltd., Shanghai Jiuzhou Chemicals Co. Ltd., Shiv Chemicals, Silica-Gel Desiccant, Suprabha Protective Products Pvt. Ltd., Tropack Packmittel GmbH:, Wisesorbent Technology LLC, Xiamen Wintrustek Advanced Materials Co., Ltd., and Zeolites and Allied Products Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Desiccant & Adsorbent Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Activated Alumina
Activated Carbon
Ceramic Balls
Molecular Sieves
Silica Gel
Tabular Alumina
Application
Abrasives
Construction
Oil & Gas
Petrochemicals
Pharmaceuticals
Processing Industries
Refractories
Water Treatment Plants
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year