Wilmington, Delaware, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Turkey 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): Country Opportunity Analysis and Industry Forecast, 2021-2031”. According to the report, the Turkey desiccant market 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.
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Prime determinants of growth
The Turkey Desiccant market is experiencing growth due to several factors such as growing demand for activated alumina in wastewater treatment applications and increasing demand for desiccants from various end-use industries as desiccant is used to absorb moisture in a variety of applications where the presence and humidity of water might damage objects, such as food, electronics, pharmaceutical, and domestic items. However, the high investment costs associated with desiccants hinder market growth to some extent. Moreover, the increase in the use of desiccants in the pharmaceutical industry offers remunerative opportunities for the expansion of the Turkey desiccant market.
Report Coverage & Details:
| Report Coverage | Details | |
| Forecast Period | 2022–2031 | |
| Base Year | 2021 | |
| Market Size in 2021 | $0.9 million | |
| Market Size in 2031 | $1.3 million | |
| CAGR | 3.2% | |
| No. of Pages in Report | 125 | |
| Segments Covered | Type and End-Use Industry. | |
| Drivers | Increased use of activated alumina in wastewater treatment application. Increasing demand for desiccant from various end-use industries. | |
| Opportunity | Increase in demand for desiccant from the pharmaceutical industry | |
| Restraint | High investment costs | |
Covid-19 Scenario
- The Turkey desiccants market was affected by COVID-19 disruptions, with supply chain issues and government regulations contributing to the challenges. In the pharmaceutical sector, desiccants are crucial for maintaining medicine quality, but they faced shortages during the pandemic's early stages. Governments standardized pharmaceutical supply chains, leading to increased demand for desiccants, especially in COVID-19 test kits.
- The packaging industry, particularly in food packaging, experienced growth due to government restrictions, though concerns about infection transmission through packaging influenced demand. Overall, the desiccant market in Turkey benefited from increased use in pharmaceuticals and food packaging during the COVID-19 pandemic.
The activated alumina segment is expected to grow faster throughout the forecast period.
Based on the type, the silica gel segment held the highest market share in 2021, accounting for more than one-third of Turkey desiccant market revenue and is likely to retain its dominance throughout the forecast period. This can be attributed to the fact that silica gel is a polar absorbent with a high capacity for absorbing basic substances. It is made from an aqueous solution of sodium silicate that is acidified to generate a gelatinous precipitate that is rinsed and dehydrated. It is a highly active desiccant that comes in a variety of mesh sizes and is suitable for a variety of industrial applications. There is no chemical reaction in the silica gel desiccant during adsorption and no by-products are produced. It is non-delicious, and its shape and size remain constant, even when saturated with water, its outer surfaces remain dry, and it continues free flowing.
However, the activated alumina segment is projected to manifest the highest CAGR of 5.2% from 2022 to 2031. This can be attributed to the fact that activated alumina is a highly porous material commonly used as a desiccant due to its strong moisture-absorbing properties. It is made from aluminum oxide and has a large surface area, allowing it to effectively adsorb water vapor from the air, gases, and liquids. In its role as a desiccant, activated alumina is used to prevent the deterioration of products sensitive to moisture, such as electronics, pharmaceuticals, and foods.
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The Food segment is expected to lead the trial by 2031.
Based on the end-use industry, the food segment held the highest market share in 2021, accounting for more than one-third of Turkey desiccant market revenue and is likely to retain its dominance throughout the forecast period. This can be attributed to the fact desiccants are used in the food industry to ensure food stays fresh. Their non-toxic nature and anti-caking agents prevent foods from clumping together, allowing quick and easy transportation and consumption. Precipitated silica gel is commonly found in beverages as a clearing agent, making drinks flow better. Moreover, drink-clearing agents are used to improve the quality of essential oils, refreshments, liquors, and non-alcoholic drinks and are known to remove haziness or cloudiness from a drink, making it clearer when consumed.
However, the pharmaceutical segment is projected to manifest the highest CAGR of 3.9% from 2022 to 2031. This can be attributed to the fact that desiccants play a crucial role in the pharmaceutical industry by effectively managing moisture levels to ensure the quality, stability, and efficacy of various medications and products. These moisture-absorbing agents are utilized to protect sensitive pharmaceutical formulations, packaging materials, and equipment from humidity-induced degradation, which can lead to chemical instability, microbial growth, and reduced shelf life.
Top Market Players:
- BASF SE
- Clariant
- Desi Kimya
- Desiccare, Inc.
- Dow
- Evonik Industries AG
- Fuji Silysia
- INEOS
- Marista
- W. R. Grace & Co.-Conn
The report provides a detailed analysis of these key players in the Turkey Desiccant market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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