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Market size for industrial absorbents was USD 4.3 billion in 2022 and is projected to grow to USD 6.26 billion in 2030, with a 6% CAGR in sales over the forecast period. The expansion of industrial activities and the growing focus on environmentally friendly and sustainable practises are the main drivers of market revenue development. Due to stringent environmental regulations imposed by governments throughout the world in an effort to reduce pollution and safeguard the environment, there is an urgent need for industrial absorbents. As a result of these regulations, industrial absorbents are now necessary in a number of industrial sectors, including Oil & Gas (O&G), chemical, and manufacturing.
An absorbent is a mixture of insoluble materials that is used to scoop up and hold liquid in a substance in order to absorb it. In the petroleum industry, absorbents are used as part of emergency response. An absorbent typically has the capacity to soak up liquids like water or oil and hold them there for an extended period of time. The absorbent substance may grow in size as it holds the fluid as it absorbs it. Because they are used to clean up unintended oil leaks, spills, and other environmental messes, absorbents are essential in the oil and gas industry. This helps to make an environment that is safe and free of contaminants.
To restore both large- and small-scale oil spills and protect the environment, particularly aquatic biota, industrial absorbents are utilised. There are opportunities for businesses in the global industrial absorbents market due to the growth of crude oil and natural gas reserves, an increase in unforeseen oil spills, and an increase in the use of industrial absorbents. Businesses in the industrial absorbents sector benefit from the help of natural industrial absorbents in maintaining strict environmental standards. Another advancement that is giving producers more opportunities is the development of biodegradable industrial absorbents. Many "readily biodegradable" products are flooding the market for industrial absorbents. Companies all over the world are expanding their research efforts to create products that are ready for use and made of naturally occurring materials. While the majority of players are concentrated on creating new synthetic absorbents, some are attempting to construct a circular economy in order to gain the trust of customers. However, the saturation and buoyancy of absorbent industrial items as well as the accessibility of effective substitutes are limiting the global market for industrial absorbents.
Due to an increase in oil and chemical mishaps and spills, there is a greater need for industrial absorbents. Industrial absorbents have been essential in minimising the harm such spills have done to the environment. Similar to this, the increased use of lubricants, coolants, and other liquids during production is increasing the demand for industrial absorbents in the manufacturing industry.
Additionally, increased focus on workplace cleanliness and worker safety is anticipated to fuel market revenue development. By absorbing and reducing spills and leaks, industrial absorbents help maintain a clean and safe working environment, preventing accidents and injuries. The availability of less expensive alternatives is a significant issue, though, and it may limit market revenue development. Another issue that can limit market revenue growth is the availability of less priced alternatives to industrial absorbents, such as sawdust and sand.
In the oil and gas industry, there is a high likelihood of oil leaks. To protect both the environment and the workforce, industrial absorbents are used. As a result, the sector has experienced strong demand for industrial absorbents in recent years. Due to an increase in oil and gasoline spills on land and in water, the trend is anticipated to continue during the projection period. According to estimates, the oil and gas industry's increased use of industrial absorbents will present producers with profitable prospects to create effective and affordable absorbent materials. New reserves of natural gas and crude oil are also accelerating market growth. Some of the main causes of oil spillage are unintentional releases of oil, leaks in sizable offshore petroleum facilities, mishaps during oil drilling, and fuel discharge during oil processing. The ecology could be seriously endangered by an oil spill.
Report Coverage
Global Industrial Absorbents research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Absorbents report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Absorbents competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Absorbents market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Absorbents market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Absorbents market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
EP Minerals, Oil-Dri Corporation of America, Meltblown Technologies, Monarch Green, Inc., Ansell, Johnson Matthey, Brady Corporation, Absorbent Products Ltd., New Pig Corporation., 3M Company, Chemtex Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Absorbents market based on the below-mentioned segments:
Global Industrial Absorbents Market, By material Type
Natural Organic
Natural Inorganic
Synthetic
Global Industrial Absorbents market, By type
Universal
Oil-only
HAZMAT/Chemical
Global Industrial Absorbents Market, By End User
Oil & Gas
Chemical
Food Processing
Healthcare
Others (Aerospace and Automotive)
Global Industrial Absorbents market, Regional Analysis
An absorbent is a mixture of insoluble materials that is used to scoop up and hold liquid in a substance in order to absorb it. In the petroleum industry, absorbents are used as part of emergency response. An absorbent typically has the capacity to soak up liquids like water or oil and hold them there for an extended period of time. The absorbent substance may grow in size as it holds the fluid as it absorbs it. Because they are used to clean up unintended oil leaks, spills, and other environmental messes, absorbents are essential in the oil and gas industry. This helps to make an environment that is safe and free of contaminants.
To restore both large- and small-scale oil spills and protect the environment, particularly aquatic biota, industrial absorbents are utilised. There are opportunities for businesses in the global industrial absorbents market due to the growth of crude oil and natural gas reserves, an increase in unforeseen oil spills, and an increase in the use of industrial absorbents. Businesses in the industrial absorbents sector benefit from the help of natural industrial absorbents in maintaining strict environmental standards. Another advancement that is giving producers more opportunities is the development of biodegradable industrial absorbents. Many "readily biodegradable" products are flooding the market for industrial absorbents. Companies all over the world are expanding their research efforts to create products that are ready for use and made of naturally occurring materials. While the majority of players are concentrated on creating new synthetic absorbents, some are attempting to construct a circular economy in order to gain the trust of customers. However, the saturation and buoyancy of absorbent industrial items as well as the accessibility of effective substitutes are limiting the global market for industrial absorbents.
Due to an increase in oil and chemical mishaps and spills, there is a greater need for industrial absorbents. Industrial absorbents have been essential in minimising the harm such spills have done to the environment. Similar to this, the increased use of lubricants, coolants, and other liquids during production is increasing the demand for industrial absorbents in the manufacturing industry.
Additionally, increased focus on workplace cleanliness and worker safety is anticipated to fuel market revenue development. By absorbing and reducing spills and leaks, industrial absorbents help maintain a clean and safe working environment, preventing accidents and injuries. The availability of less expensive alternatives is a significant issue, though, and it may limit market revenue development. Another issue that can limit market revenue growth is the availability of less priced alternatives to industrial absorbents, such as sawdust and sand.
In the oil and gas industry, there is a high likelihood of oil leaks. To protect both the environment and the workforce, industrial absorbents are used. As a result, the sector has experienced strong demand for industrial absorbents in recent years. Due to an increase in oil and gasoline spills on land and in water, the trend is anticipated to continue during the projection period. According to estimates, the oil and gas industry's increased use of industrial absorbents will present producers with profitable prospects to create effective and affordable absorbent materials. New reserves of natural gas and crude oil are also accelerating market growth. Some of the main causes of oil spillage are unintentional releases of oil, leaks in sizable offshore petroleum facilities, mishaps during oil drilling, and fuel discharge during oil processing. The ecology could be seriously endangered by an oil spill.
Report Coverage
Global Industrial Absorbents research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Industrial Absorbents report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Industrial Absorbents competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Industrial Absorbents market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | EP Minerals, Oil-Dri Corporation of America, Meltblown Technologies, Monarch Green, Inc., Ansell, Johnson Matthey, Brady Corporation, Absorbent Products Ltd., New Pig Corporation., 3M Company, Chemtex Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Industrial Absorbents Market from 2021 to 2030.
- Market Forecast for Industrial Absorbents Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Industrial Absorbents competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Industrial Absorbents
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Industrial Absorbents market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Industrial Absorbents market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
EP Minerals, Oil-Dri Corporation of America, Meltblown Technologies, Monarch Green, Inc., Ansell, Johnson Matthey, Brady Corporation, Absorbent Products Ltd., New Pig Corporation., 3M Company, Chemtex Inc.
Primary Target Market
- Market Players of Industrial Absorbents
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Industrial Absorbents market based on the below-mentioned segments:
Global Industrial Absorbents Market, By material Type
Natural Organic
Natural Inorganic
Synthetic
Global Industrial Absorbents market, By type
Universal
Oil-only
HAZMAT/Chemical
Global Industrial Absorbents Market, By End User
Oil & Gas
Chemical
Food Processing
Healthcare
Others (Aerospace and Automotive)
Global Industrial Absorbents market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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