A disposable dryer for point-of-use installation in an air/gas line delivering compressed air or gas to an air/gas-driven tool. A generally tubular main body has first and second main body sections, each having a generally tubular wall and an integral end closure. A coupling member interconnects the main body sections. Loose desiccant beads are retained by and substantially fill the main body from one end closure to the other. Inlet and outlet connectors are respectively provided on the main body sections for connection to a compressed air/gas line. The inlet and outlet connectors have air/gas passages in fluid communication with the drying composition. The dryer can be fabricated by molding the first and second main body sections, substantially filling the first main body section with the drying composition, locating the first and second main body sections in mutual adjacent relationship inside a mold cavity, and molding the coupling member thereon.