Market Overview:
The global hay desiccants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hay due to the increasing population and rising disposable income in developing countries. Hay is used as a feedstock for livestock, which is used for meat and dairy production. Hay desiccants are used to improve the quality of hay by removing moisture, which helps in reducing spoilage and pests, thereby improving its shelf life. The sulfur-based segment accounted for the largest share of the global hay desiccants market in 2017 owing to its low cost and easy availability.
Product Definition:
Hay desiccants are used to dry hay quickly and efficiently. They can be used in a barn or shed, or even outside. Desiccants work by drawing moisture out of the hay, which helps to preserve it.
Sulfur-based:
Sulfur-based is a chemical compound of two parts, one part is sulfur and six parts are oxygen. Sulfur has the ability to form weak bonds with water molecules which results in its widespread use as fertilizers for crops. It also plays an important role in removing moisture from coal during the process of combustion. The byproducts obtained when sulfur is extracted from mines include mine waste, slag, and tailings.
Buffered Propionic Acid:
Propionic acid is a carboxylic acid, which is used as an antiozonant and antioxidant in the manufacturing of hay desiccants. It helps to prevent damage caused by high humidity or wet conditions to the mechanical equipment used for harvesting crops. The product also finds application in agriculture for controlling plant diseases such as rust and brown spot caused by moisture retention in fields.
Application Insights:
The global market is segmented by application into horse used, cattle used, and others. The horse used segment dominated the overall market in terms of revenue share in 2017. This can be attributed to the rising demand for horses from countries such as China, India and Australia due to increasing disposable income levels coupled with a growing population. In addition, desiccants are also widely utilized for maintaining optimum conditions during racing season at tracks around the world including Dubai Racing & Sports Club (UAE), Godolphin (UK) and Royal Ascot (UK).
Cattle use is expected to grow at a significant rate over the forecast period owing to its high milk production which has resulted in an increased need for efficient cooling systems that do not require electricity or water supply onsite. Latin America is projected to witness substantial growth over the forecast period owing to factors such as expanding dairy industry along with improved infrastructure development particularly in Brazil which has led towards increased adoption of these products across farms there.
Regional Analysis:
North America was the leading regional market in 2017 and is expected to witness considerable growth over the forecast period. The region has a well-established livestock industry, which makes it a major global exporter of meat products. North America also has one of the largest dairy farms across the globe, with more than 30% of global dairy farms located within U.S.
Asia Pacific is anticipated to be one of fastest growing regional markets from 2018 to 2030 owing to rapid industrialization along with supportive government initiatives aimed at increasing agricultural production output in developing economies including China and India. Moreover, these countries have been witnessing strong economic growth since past few years due to various factors such as low unemployment rate; increased disposable income; booming manufacturing sector etc.
Growth Factors:
- Increasing demand for hay due to the increase in livestock farming and dairy production
- Growing awareness about the benefits of using hay desiccants among farmers
- Technological advancements in hay desiccant manufacturing process
- Rising prices of traditional feedstuff such as grains and soybean meal resulting in increased adoption of hay desiccants
- Stringent regulations on livestock farming and dairy production driving the demand for high quality hays
Scope Of The Report
Report Attributes
Report Details
Report Title
Hay Desiccants Market Research Report
By Type
Sulfur-based, Buffered Propionic Acid, Others
By Application
Horse Used, Cattle Used, Others
By Companies
AgroChem,Inc, Eastman, Nuhn Industries, Harvest Tec, Promote, Kemin Industries, Bulletproof, Wausau Chemical Corporation, Tama (GUARD), Baler's
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Hay Desiccants Market Report Segments:
The global Hay Desiccants market is segmented on the basis of:
Types
Sulfur-based, Buffered Propionic Acid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Horse Used, Cattle Used, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AgroChem,Inc
- Eastman
- Nuhn Industries
- Harvest Tec
- Promote
- Kemin Industries
- Bulletproof
- Wausau Chemical Corporation
- Tama (GUARD)
- Baler's
Highlights of The Hay Desiccants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sulfur-based
- Buffered Propionic Acid
- Others
- By Application:
- Horse Used
- Cattle Used
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hay Desiccants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hay desiccants are a type of air-purifying material that absorbs moisture and odors. They are used in warehouses, barns, and other areas where the air is humid or musty.
Some of the key players operating in the hay desiccants market are AgroChem,Inc, Eastman, Nuhn Industries, Harvest Tec, Promote, Kemin Industries, Bulletproof, Wausau Chemical Corporation, Tama (GUARD), Baler's.
The hay desiccants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hay Desiccants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hay Desiccants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hay Desiccants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hay Desiccants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hay Desiccants Market Size & Forecast, 2020-2028
4.5.1 Hay Desiccants Market Size and Y-o-Y Growth
4.5.2 Hay Desiccants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sulfur-based
5.2.2 Buffered Propionic Acid
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Horse Used
6.2.2 Cattle Used
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hay Desiccants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hay Desiccants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sulfur-based
9.6.2 Buffered Propionic Acid
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Horse Used
9.10.2 Cattle Used
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sulfur-based
10.6.2 Buffered Propionic Acid
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Horse Used
10.10.2 Cattle Used
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sulfur-based
11.6.2 Buffered Propionic Acid
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Horse Used
11.10.2 Cattle Used
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sulfur-based
12.6.2 Buffered Propionic Acid
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Horse Used
12.10.2 Cattle Used
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sulfur-based
13.6.2 Buffered Propionic Acid
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Horse Used
13.10.2 Cattle Used
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hay Desiccants Market: Competitive Dashboard
14.2 Global Hay Desiccants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AgroChem,Inc
14.3.2 Eastman
14.3.3 Nuhn Industries
14.3.4 Harvest Tec
14.3.5 Promote
14.3.6 Kemin Industries
14.3.7 Bulletproof
14.3.8 Wausau Chemical Corporation
14.3.9 Tama (GUARD)
14.3.10 Baler's
