A new market study, titled “Discover Global Calcium Chloride Desiccant Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Desiccant is any solid that absorbs water or moisture placed in any substances or materials. Calcium chloride desiccant is an environment friendly desiccant that finds use if a variety of materials and items to absorb water or moisture from them. The purpose of this desiccant is to prevent the damage from water or moisture. Generally, when products like electronics, leather shoes and clothes come in contact with moisture or water, it is observed that these products get damaged and develop a layer of moisture on them. The damage usually cannot be reverted but if calcium chloride desiccant is used, these products will not develop the layer of moisture.
Calcium chloride desiccant has high absorption rate of more than 90% and therefore can significantly decrease the humidity levels. This desiccant is available in sealed bags that can be easily disposed and helps in safe storage and transportation of products or cargo. This feature of calcium chloride desiccants leads to their increased demand which in turn drives the growth of the market.
The world calcium chloride desiccant market is expected to grow at CAGR of 2.9%. From 110 million dollars in 2019, the market is expected to register revenue of almost 130 million dollars in 2024. This incremental growth can be attributed to a steady production and consumption cycle.
Key Players of Global Calcium Chloride Desiccant Market =>
- DingXing Industry
- Shanghai Yixuan
- FUJIGEL SANGYO
- Tianjin Tianshengxingye
- Super Dry
- SORBEAD India
- Shenzhen Absorb King
The calcium chloride desiccant market is segmented by Type and Application.
The calcium chloride desiccants are available in different types wherein the calcium chloride concentration varies between 100 grams and 1000 grams. All the variants of this desiccant are demanded in the market and contribute significantly to the global market share.
On the basis of application, calcium chloride desiccant is used in clothing and textiles, furniture and home furnishings, electronics and shipping containers. All these industries make significant use of this desiccant to prevent the products from getting damaged because of absorption of water and moisture. The use of the desiccant ensures that the products can be safely stored and transported over long distances.
There are a few leading players in the global market for calcium chloride desiccant. These players face competition from each other to provide effective and convenient products. There are expected to be new entrants in the global market in the coming years and therefore more investment in the global calcium chloride desiccant market.
China leads the market share of calcium chloride desiccants. China’s production contributed almost 51.64% to the global production of these desiccants. The market share of China was recorded to be 27.20% in the year 2016 followed closely by North America and Europe.
Manufacturers of these desiccants are concentrated in China, Europe and North America although other regions like Asia Pacific, Middle East and Africa also contribute to the global market in a significant manner.
Calcium chloride desiccants work even at a very low level of humidity. AbsorBag is one of the most commonly and popularly used desiccant of calcium chloride. It is a patented solution that is being highly demanded in the market. AbsorBag absorbs all moisture when removed from the sealed bag and does not allow moisture to penetrate back into the objects. Absorbtech has started using calcium chloride as an active compound in all its products.
Major Key Points of Global Calcium Chloride Desiccant Market
- Chapter 1 About the Calcium Chloride Desiccant Industry
- Chapter 2 World Market Competition Landscape
- Chapter 3 World Calcium Chloride Desiccant Market share
- Chapter 4 Supply Chain Analysis
- Chapter 5 Company Profiles
- Chapter 6 Globalisation & Trade
- Chapter 7 Distributors and Customers
- Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
- Chapter 9 World Calcium Chloride Desiccant Market Forecast through 2024
- Chapter 10 Key success factors and Market Overview
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