Calcium Chloride Desiccant Market Size, Share, Growth, and Industry Analysis, By Type (Below 100g, 100-1000g & Above 1000g), By Application (Shipping Container, Furniture & Home Furnishings, Clothing & Textile & Electronics), and Regional Forecast to 2032

CALCIUM CHLORIDE DESICCANT MARKET OVERVIEW

The global Calcium Chloride Desiccant Market size was USD 128.7 million in 2023 andis projected to touch USD 209.6 million by 2032, exhibiting a CAGR of 5.6% during the forecast period.

The Calcium Chloride Desiccant Market is a vital segment that has shown significant growth recently due to the high demand for moisture removal in various industrial applications such as pharmaceuticals, electronics, and food packaging. Due to globalization in industrialization and increased demand for quality products, and because highly sensitive products to moisture are in increasing market demand, it is a growing market that can offer new ideas and possibilities of use. In the industry, major players have unveiled strategic developments and innovations concerning technology and sustainability so as to suit the current trends.

GLOBAL CRISES IMPACTING CALCIUM CHLORIDE DESICCANT MARKETCOVID-19 IMPACT

Calcium Chloride Desiccant Industry Had a negative Effect Due to Market surge during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The Calcium Chloride Desiccant Market has not remained insulated from the effects of COVID-19, which caused a shift stating that the market has witnessed a decline owing to disruptions in the supply chain and a decrease in industrial activity resulting from this pandemic. Production procedures came to a standstill due to restrictions in movement caused by lockdowns and reduced market demand because of the global economic decline in sectors such as drugs and electronics. The pandemic contributed to the market's problems too, as well as to a decline in the pace of the introduction of innovations and new investments, which also affected its development during the crisis.

LATEST TREND

"Eco-friendly, biodegradable desiccants drive market growth"

The main trends of the calcium chloride desiccant market are related to environmental and sustainable resources throughout the recent years. Some developments that have emerged in the market include biodegradable desiccant, which is produced with less environmental influence while having a high capability of absorbing moisture. Such a change is consistent with the general trend of the industry to become more environmentally friendly and meets the requirements of consumers and authorities in terms of higher eco-friendliness of products. This advancement in unique disinfectants is the main force behind market progress as well as future product direction.

CALCIUM CHLORIDE DESICCANT MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Below 100g, 100-1000g & Above 1000g

• Below 100g: Calcium chloride desiccant below 100g: These disinfectants are mainly used in small-scale applications where they may cover individual products or small compact electronic appliances. Due to the compactness of their structure, they are widely used in personal hygiene products and small-sized consumer products, keeping the products moist within a limited space. There is more demand for these smaller units due to the need for moisture management in different retail consumer applications.
• 100-1000g: Medium-sized packages and industrial uses, including pharmaceuticals and electronics, use disinfectants in the range of 100-1000g. Their size is also optimal for accommodating large amounts of products, or in case you plan on preparing a large amount of products at a time. This segment enjoys the favorable trend in the increased industrial output and increasing focus on the quality of the product and shelf life.
• Above 1000g: High-activity calcium chloride desiccants greater than 1000 g are preferred in industrial applications like large-scale storage and shipping containers. Due to their high capacity, they are suitable for places with huge fluctuations in moisture requiring high moisture control for a longer period. This is because large desiccants are required due to the upsurge in globalization and the protection of massive quantities of products during transit and warehousing.

BY APPLICATION

Based on application, the global market can be categorized into Shipping Container, Furniture & Home Furnishings, Clothing & Textile & Electronics

• Shipping Container:  Calcium chloride desiccants are essential to shipping containers to avoid moisture during their transport for long durations. They play a role in the preservation of the goods from effects such as mold, corrosion, and deterioration occasioned by humidity. The increase of international exchange and the requirements for safe transportation are the key factors that push the utilization of these desiccants in the logistic system.
• Furniture & Home Furnishings: In the furniture and home furnishings sector, calcium chloride desiccants are used for product quality retention and for reduction of moisture while in storage as well as during transit. It also stops cases such as warping or mold and mildew, which may bring about not only image changes but also performance changes. The gradual growth of consumer expenditure on home decoration and furniture boosts the demand for designers in this particular sector.
• Clothing & Textile: It’s used in the clothing and textile manufacturing process; mainly, fabrics are protected from moisture during production, packing, and transit by calcium chloride desiccants. They aid in conservation of the quality and durability of textiles by hindering the growth of mold and mildew. The growth of the fashion industry across the globe and the increasing trend in the retailing of clothes online has a positive impact on the demand for efficient moisture control solutions within this industry.
• Electronics: Their use in the electronics industry is mandatory to prevent moisture from damaging various parts and devices in the industry, such as leading to corrosion and/or short circuiting. These prevent electronic products from developing faults and a short life span since their internal environment includes packaging and storage. The fast pace in technology innovation and growth in the consumer electronics market create the need for effective desiccant solutions in this use.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.               

DRIVING FACTOR

"Increasing moisture protection demands drive market growth"

The rising requirement among buyers to protect their products like electronics, pharmaceuticals, and textiles from devastating effects of moisture is the key factor driving the calcium chloride desiccant market. Moisture is an enemy of food spoilage, corrosion, and substandard quality and therefore makes desiccants vital tools of preservation. With the growth of industries and improvement of the quality of production, the need for good desiccant products is realized.

"Rising global trade and logistics needs boost market growth"

The electronic business and international trade have greatly increased the demand for calcium chloride desiccants. Since products are transported across long distances and stocked in diverse environments, desiccants prove useful in supporting the quality of other goods during transportation. This trend assists the growth of the market as logistics and supply chain demands evolve and are enhanced and resulting Calcium Chloride Desiccant Market growth.

RESTRAINING FACTOR

"Market growth is constrained by high operational costs and urban challenges"

One restraining factor of the Same City Freight Platform Market is the high operational costs associated with maintaining a fleet and managing real-time logistics in densely populated urban areas. Fuel costs, vehicle maintenance, and technology investments can strain profitability, especially for smaller platforms. Additionally, traffic congestion and regulatory hurdles in cities can further complicate efficient service delivery, limiting growth potential.

OPPORTUNITY

"Eco-friendly desiccant innovations drive market growth"

A fresh trend that is likely to have a positive influence in the calcium chloride desiccant market is the creation of better desiccant products that are environmentally friendly. From the industries’ side as well as the consumers’ side, there is a demand for new types of desiccants that can degrade naturally and be environmentally friendly. The formation and path to changing industry production can lead to this growing niche market while both addressing the environmental and economic incentives for companies.

CHALLENGE

"Volatile calcium chloride prices and supply chain disruptions hinder market growth"

One of the major issues that act as a constraint for the calcium chloride desiccant market is the variations in the prices of the raw material and the disruptions in the supply chain. Calcium chloride price is known to be rather volatile, and supply chain issues may also arise from time to time. This can result in a raise in prices for end consumers as well as influence the stability of the growth of markets.

CALCIUM CHLORIDE DESICCANT MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America's technological advancements drive market growth

North America holds the largest share in the Calcium Chloride Desiccant Market owing to the technological development and growth of industries, particularly the electronics and pharmaceutical industries. The United States has a leading role in this dominance due to the expanding United States Calcium Chloride Desiccant Market, with strong revenue growth through manufacturing and developing diverse innovative types of moisture control solutions. The market leadership is complimented by a developed supply chain and technology in the region.

• EUROPE

Europe's sustainability focus and e-commerce drive market growth

Europe is bound to the Calcium Chloride Desiccant Market through its effective legislation and concern about the high quality and environmental friendliness of products. Due to increased concern and push towards sustainable solutions, there is an increased market for high-end desiccants that meet specific regional environmental standards. Pertinently, Europe enjoys strong industrial and logistics industries coupled with a rapidly expanding e-commerce market, thereby driving the demand for moisture control across multiple applications.

• ASIA

Asia's industrialization and e-commerce expansion drive  market growth

Asia holds a remarkable share in calcium chloride desiccant market share due to its fast-growing industrialization and increasing number of manufacturing factories. High demand for desiccants comes from the growing electronics, pharmaceuticals, and other consumer goods companies in the region, as they require it to protect their products during production and shipping. Further, the e-commerce market is expanding dramatically, and more developments in infrastructure also increase the demand for better moisture control solutions across different applications.

KEY INDUSTRY PLAYERS

"Key players' investments and innovations drive market growth"

Calcium Chloride Desiccant Market key players are also impacting the growth of the market through investment in technologies and new product development. They pay particular attention to improving the possibility of moisture absorption and providing environment-friendly products, consistent with the trends linked to sustainable development. Some sources of the market growth are also the formation of strategic partnerships and the expansion into new markets, which allows us to provide even more value to clients from various industries.

LIST OF TOP CALCIUM CHLORIDE DESICCANT COMPANIES

• Clariant (Switzerland)
• Super Dry (U.K)
• Absortech (Sweden)
• Shenzhen Chunwang New Meterials (China)
• DingXing Industry (China)

KEY INDUSTRY DEVELOPMENT

 August 2023: Solvay announced the expansion of its calcium chloride production facility in the U.S. to meet increasing demand, underscoring its commitment to strengthening its position in the global calcium chloride market.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.