About Drying Agents
Drying agents type of chemical which is used to remove water from a compound in solution form. The application of a drying agent can prevent any contamination from drying out excess water. It is widely used for food or electronics. Drying agents are hygroscopic in nature and tend to absorb moisture from the vicinity atmosphere. Geographically the Asia Pacific is predominantly is leading country in consumption and production of drying agents Hence market have extreme strength in various industries for day to day application which triggering the market over the forecast period
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is expected to grow in the agriculture sector. The demand for shade drying is driving the demand for the market. Several companies are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. Which is triggering the market growth over the forecast period Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Drying Agents market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Chemical Company (United States), INEOS Corporation (United Kingdom), Spartan Chemical (United States), Seatex Ltd (United States), Alpha Chemical Services (United States), Solvay SA (Belgium), Hydrite Chemical Co (United States), Silica Gel Desiccant Products Co (India, Merck Millipore (United States), W.A. Hammond Drierite Co Ltd (United States), Chemical Store Inc.(United States), W.A. Hammond Drierite Co. Ltd (United States), Seatex Ltd (United States), Fortrans Inc (United States), Carroll Company (United States) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drying Agents market by and Region.
On the basis of geography, the market of Drying Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Zeolite will boost the Drying Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form , the sub-segment i.e. Liquid will boost the Drying Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Whole seller will boost the Drying Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End use, the sub-segment i.e. Electronics will boost the Drying Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Food Grade will boost the Drying Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
It is widely used in the non-medical chemical minerals and gases market and Shade drying is widely used in open-air and shades different agriculture crops and seeds of vegetables
Market Growth Drivers:
High adoption capacity even at a lower temperature and Drying agents is important for the chemical and pharmaceutical industry
Challenges:
Sensitive to the epoxide, need to be filtered out due to its fine powder form and It has lower efficiency and completeness than magnesium sulfate
Restraints:
Drying agents had low capacity and Drying agents do not absorb water, but also polar compound
Opportunities:
Dry agents used in harvesting legume hay and It is used in automatic conveyor
Market Leaders and their expansionary development strategies
On 08 March 2021 Merck Acquires Amp Tec expand mRNA Capabilities for Vaccination, Treatments, and Diagnostics purpose. The main objective of acquisition is to strengthen Merck’s capabilities to develop and manufacture mRNA for new and existing customers for use in vaccines, treatments, and diagnostics applicable in Covid-19 and many other diseases.
In October 2023, W.R. Grace & Co. acquired the silica gel business of Evonik Industries, expanding its portfolio of high-performance drying agents for industrial applications. This acquisition strengthens Grace's position in the European market and enhances its offerings for critical dehydration processes.
Key Target Audience
Agriculture sector, Chemical sector, Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.