In 2018, Worldwide Industrial Absorbents Market Size was valued at around USD 3.6 billion and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025.

Global Industrial Absorbents Market Growth Opportunities (Revenue, Growth) By 2017-2025

Absorbents are basically the materials or substances that are highly capable of absorbing liquids. The use of absorbents is quite high in various industries such as chemicals, food & beverages, and others. There are various types of absorbents available in the market, such as synthetic absorbents, advanced absorbents, others.

Market Dynamics

In 2018, industrial absorbents market was valued at around USD 3.6 billion and is expected to grow crucially over the forecast period, owing to rising concern towards the loss of crucial substances such as oil & gas due to spilling. Rise in environmental concern due to release of harmful liquids and gases has led to the demand of industrial absorbents which in return is promoting the growth of industrial absorbents market. Production of advanced and technically sound industrial absorbents that are best suited for various industries are propelling the growth of industrial absorbents market. Furthermore, increase in number of global as well as region-specific manufacturers of advanced industrial absorbents are expected to boost the growth of industrial absorbents market over the forecast period. However, high cost of some synthetic industrial absorbents can hinder the growth of industrial absorbents market during the forecast period.

Segment Analysis 

Among products, pads segment is projected to hold the major market share among all the listed product types due to their high capacity in absorbing liquid. The flexible and light-weight nature of synthetic pads also makes them easy to use in many industries which is boosting the growth of the segment. Higher adoptation of pads by many industries such as food & beverages and others due to their cost effectiveness is another reason for the anticipated growth of the segment.

Among end-use industry, oil & gas segment is projected to hold the major market share in the global industrial absorbents market, owing to governmental regulations on the spilling of oil and gas which can cause health hazards for people. High security offered by industrial absorbents is also one of the significant reasons for the adoptation of absorbents by oil & gas industry. Furthermore, non-flammability and extra-ordinary water repelling capacity of synthetic absorbents makes them ideal for oil & gas industry.

Regional Analysis

North America is anticipated to be leading the global industrial absorbents market over the forecast period, due to strict governmental regulations on the oil & gas spill as well as other spill that can cause hazard for lives. High production and consumption of oil & gas by people of North America is another significant reason that is expected to escalate the growth of industrial absorbents market of the region. Furthermore, increased research on production of advanced synthetic absorbents to serve in various industries is also boosting up the growth of industrial absorbents market during the forecast period.

Global Industrial Absorbents Market Size, Share Analysis By Region 2017

Asia Pacific is expected to be the fastest growing region in the global industrial absorbents market, due to increasing industrialization and growth in chemical, Oil & gas industries of the region. Rising end-use industries such as food processing, oil & gas, chemical, others in growing countries such as China and India are expected to help in the growth of industrial absorbents market over the forecast period.

Middle East and Africa are also expected to perform well in the global industrial absorbents market due to well-established oil & gas industry in the region as well gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Industrial Absorbents Market Study Objective

1. To forecast the market size of industrial absorbents market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of industrial absorbents market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of industrial absorbents market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of industrial absorbents market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the industrial absorbents market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of industrial absorbents market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of industrial absorbents market commercially.

Competitive Landscape

Major players performing in industrial absorbents market include Brady Corporation, Monarch Green Inc., Oil Dri Corporation of America, Meltblown Technologies Inc., 3M Company, New Pig Corporation, Decorus Europe Limited, and Johnson Matthey Plc.

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