Growing Shipping Industry to Propel the Growth of Cargo Moist Control Market
Shipping industry is capable of transport around 90% of the goods by sea with over 70% as containerized cargo. Moisture damage can cost 5% financial loss to shipping industry which has increased the demand for cargo moisture control product. Cargo moisture control product like desiccants, dehumidifiers, insulators are used to absorb, adsorb and control the moisture from containers owing to which is projected to boost demand for cargo moisture control product during forecast period.
Cargo moisture control product like desiccants in the form closed bag or blanket can absorb 300% of their weight in moisture and help control the dew point inside containers. Moreover it is restricted towards any chemical change which may damage the product. Moreover, cargo moisture control products like vents can be manually installed on the cargo containers to control moisture of goods in cargo.
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Prominent Players to hold More Than one Third of Share in Cargo Moisture control market
Key players in cargo moisture control product market are Badische Anilin und Soda Fabrik (BASF. SE), Absortech, Inc., Honeywell International, Inc. which hold more than one third market share. Other few players in the market are Multisorb Technologies, W. R. Grace & Co.-Conn. Focus Technology Co Ltd. And among others.
Cargo Moisture Control Product Market – Segmentation
Cargo moisture control product market is segmented based type of product, mechanism of moisture control and end use application. Out of all cargo moisture control product desiccants have captured most of the cargo moisture control product market due to their small size, suitability and low cost.
Based on type cargo moisture control product segmented in to
- Silica Gel Desiccant
- Calcium Oxide Desiccant
- Clay Desiccant
- Desiccant Pads
- Desiccant Blanket
- Electronic Dehumidifiers
Based on mechanism cargo moisture control product segmented in to
- Temperature control
Based on application cargo moisture control product segmented in to
- Electronic Products
- Medical and Pharmaceutical
- Dried Food Products
- Other Cargo Products