The global industrial absorbents market size is expected to reach USD 6,255.3 Million in 2030 and register a revenue CAGR of 4.8% during the forecast period. Market revenue growth is expected to be driven by industrial absorbents demand from chemical industries, regulations concerning oil and chemical spills, and growing environmental concerns. A number of companies are engaged in launch of innovative industrial absorbents.
For instance, New Pig Corporation launched new PIG Forklift Spill Kit in Bag in 2017, which is designed especially for spills from pipe bursts, punctured drums, and leaking tanks.
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Top Players in the Global Industrial Absorbents Market:
3M Company, Decorus Europe Ltd., Kimberly-Clark Worldwide Inc., Monarch Green, Inc., Johnson Matthey plc, Jaycot Industries, ASA Environmental Products, Inc., UES Promura, EP Minerals LLC, and Chemtex Speciality Limited.
Increasing environmental concerns as a result of release of hazardous liquids and gases have increased demand for industrial absorbents, which is fueling growth of market. Growth of industrial absorbents market is also being fueled by production of advanced and technically sound industrial absorbents that are best suited for various industries. Additionally, increase in number of manufacturers of advanced industrial absorbents is expected to boost product demand.
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Market segmentation based on Type Outlook:
- Universal
- Oil-only
- HAZMAT
- Others
Material Type Outlook:
- Natural Organic
- Inorganic
- Synthetic
Product Type Outlook:
- Pads
- Rolls
- Pillows
- Granules
- Booms Socks
- Sheets Mats
- Others
End-Use Outlook:
- Chemical
- Oil Gas
- Food Processing
- Healthcare
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Industrial Absorbents market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Industrial Absorbents market?
- Which regional market is expected to lead in terms of revenue share in the global Industrial Absorbents market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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