Turkey Desiccant Market Expected to Reach $1.3 million by 2031 - Allied Market Research

According to a new report published by Allied Market Research, titled, " Turkey desiccant market by type and end-use industry: opportunity analysis and industry forecast, 2022–2031," The Turkey desiccant market size was valued at $0.9 million in 2021 and is projected to reach $1.3 million by 2031, growing at a CAGR of 3.2% from 2022 to 2031.

A desiccant is a hygroscopic (water-loving) compound. It absorbs moisture and reduces humidity from the environment and prevent products from being damaged. Physical absorption is a process where the desiccant absorbs moisture and holds it within surfaces or capillaries without affecting properties of water.

Chemical absorption, on the other hand, occurs when some desiccants absorb moisture and react with it to generate a new mixture. Chemical moisture absorption is irreversible, whereas physical moisture absorption is reversible. Desiccants such as zeolites, silica gel, and other similar materials function by physically absorbing moisture, whereas desiccants such as magnesium sulphate and calcium chloride work by chemically absorbing moisture.

Desiccants are mostly composed of activated alumina, silica gel, zeolite, calcium chloride, activated charcoal, and clay, among others. Silica gel is a non-crystalline, extremely porous type of silica used to absorb moisture from liquids and gases. As a drying agent, it safeguards some commercial and culinary goods. Physical adsorption and chemical absorption are the two major mechanisms of desiccants. Electronics, packaging, food, pharmaceuticals, air and gas drying, as well as other applications, are among the diverse uses for desiccants.

The special ability of desiccants to absorb moisture makes them appropriate for a range of applications where water presence/moisture can damage products, such as in the pharmaceutical, electronics, food, and apparel industries. Increasing usage of desiccants in the packaging industry, particularly for food and pharmaceutical items, and in the transport industry is the primary factor fueling the growth of the desiccants market in Turkey. In addition, there will be an increase in demand for desiccants as a result of the efforts of manufacturers in the electronic industry to limit the impact of moisture on electronic devices. In addition, the increasing usage of desiccants in the chemical sector and air conditioning systems is expected to cause the expansion of the Turkish desiccants market. In general, chemical absorption is more effective than physical absorption.

However, chemical absorption desiccants are significantly more expensive than physical absorption desiccants, which is precisely why physical absorption desiccants are currently in greater demand on the market. Due to this, there is a significant market demand for desiccants such as silica gel and zeolites. While handling desiccants, care must be taken to avoid contact with the human body, as desiccants absorb water and may produce adverse effects. Therefore, particular packing materials must be used to ensure the safety of desiccants. However, high investment cost for installation of machineries and high maintenance cost are major restraints of the desiccant market.

“Chromatography is a constantly changing method, and the rising demand for chromatography instruments and reagents in research and development is driving the demand for silica gel in the pharmaceutical business. This aspect will provide the turkey desiccant industry with numerous lucrative opportunities.”

By type, the Turkey desiccant market is segmented into silica gel, activated alumina, activated charcoal, zeolite, calcium chloride, clay, and others. The silica gel segment has garnered the highest market share of 36.78% and is expected to grow at a CAGR of 2.62%, in terms of revenue. This is owing to increased demand from the biopharmaceuticals industry and its utility in collecting or separating various medication components. The activated alumina segment is expected to be the fastest growing segment with a CAGR of 5.24%.

By end-use industry, the Turkey desiccant market is segmented into packaging, food, pharmaceutical, electronic, and others. The food industry segment has led to a highest market share of 33.50% and the pharmaceutical industry is projected to be the fastest-growing segment at a CAGR of 3.94%, in terms of revenue.

Major players operating in the Turkey desiccant market are BASF SE, Clariant, Desi Kimya, Evonik Industries AG, Desiccare, Inc., Fuji Silysia, Marista, W. R. Grace & Co.-Conn, Dow, and INEOS. Other players in the market include Tropack Packmitel GmbH, Porocel Corporation, Oker-Chemie GmbH, Qingdao Makall Group, Zeotec Adsorbents Private Limited, Hengye Inc., Multisorb Technologies, and Capitol Scientific, Inc.

COVID-19 analysis

• The interruptions produced by the COVID-19 pandemic have influenced several markets throughout Turkey. Similar trends were noticed on the desiccants market in Turkey.
• In the pharmaceutical sector, the desiccant is an indispensable component. It aids in lowering the moisture content of medicines in order to retain their quality and extend their shelf life. In the early stages of the COVID-19 pandemic in 2020, pharmaceutical desiccants were in short supply due to supply chain problems in Turkey.
• After the initial outbreak of COVID-19, many governments took steps to standardize the pharmaceutical supply chain. During this time, the need for pharmaceutical desiccants expanded for numerous pharmaceutical applications. It is utilized in COVID-19 test kits to maintain test kit efficacy during delivery to laboratories. For example, organizations such as Abott Laboratories employ desiccants for its COVID-19 quick identification tests, which can produce findings within five minutes. Therefore, COVID-19 has a favourable effect on the desiccants market in Turkey.
• Furthermore, the packaging industry has seen high growth, especially in food packaging owing to the restriction imposed by various governments. However, there is a growing concern regarding the transmission of infection through food packaging, which is having an influence on the demand for packaging. Thus, increased demand for packed food during COVID-19 will have a positive impact on the Turkey desiccant market growth.

Key findings of the study

• On the basis of type, the activated alumina segment is expected to grow at a CAGR of 5.24%, in terms of revenue, during the forecast period.
• On the basis of end-use industry, the pharmaceutical segment is expected to grow at a CAGR of 3.06%, in terms of revenue, during the forecast period.