Desiccants Market Growth, Size And Insight By 2025
Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts What is the forecasted revenue size of the desiccants industry by 2029? The desiccants market size has grown strongly in recent years. It will grow from $0.17 billion in 2024 to $0.18 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the rise in disposable income, growth in the pharmaceutical industry, the increasing industrialization, growth in the packaging industry and rapid growth in e-commerce. The desiccants market size is expected to see strong growth in the next few years. It will grow to $0.24 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing government support, the increasing demand from the chemical industries, the rise in the global population a...