Desiccant Market: Global Industry Analysis and Forecast (2024-2030)
Desiccant Market was valued at US$ 1.05 Bn. in 2023. Global Desiccant Market size is expected to grow at a CAGR of 5.24 % through the forecast period.
Desiccant Market Overview:
The term desiccant refers to a material or product that is hygroscopic. Desiccants absorb moisture from the environment. Absorbing moisture reduces moisture and prevents damage to the product due to moisture. Desiccants play an important role in the transportation of foods and medicines by absorbing moisture and maintaining a controlled environment to ensure product quality throughout the transportation period.
In addition, desiccants are used in the manufacture of insulated windows to prevent the condensation of moisture in windowpanes. Desiccants such as Zeolite are used as drying components in air conditioning systems to maintain the efficiency of the refrigerant. Desiccants are also used in some chemical reactions, such as the Grignard reaction, which uses zeolite as a desiccant, and other chemical reactions that require the removal of water from the solvent.