Press release
Reusable Oil Absorbents Market Volume Analysis, Segments, Value Share and Key Trends 2017-2027
Reusable oil absorbents market is expected to gain traction over the forecast period owing to increasing industrialization and growing demand from the oil and gas sector. Reusable oil absorbent’s mats, pads and socks soak the waste oil to prevent slips and falls. Reusable oil absorbents follow a closed loop laundering process, where the recovered oils are recycled and the absorbents are cleaned and used again and again for absorbing oil. The different benefits of reusable oil absorbents are low cost compared to disposals, they save time with a managed program, prevent slips, trips and falls and eliminate the waste stream.
Reusable oil absorbents are available in different types, such as mats, pads, absorbent socks, absorbent cushion and absorbent booms. These absorbents are used by various end users involving oil & gas, food and beverage and chemicals. Oil absorbent pads are used for low lint applications and in traffic areas as they are ideal in repelling the water-based fluids.
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Global Reusable Oil Absorbents Market: Dynamics
Drivers:
Growing industrialization is anticipated to be a major factor that drives the growth of the reusable oil absorbents market over the forecast period. Moreover, regulations regarding safety of workers in a workplace will also give traction to the growth of reusable oil absorbent market in the near future, as oil absorbents soak the waste oils on the floor and to prevent slips and falls. Furthermore, reusable oil absorbents are cost-effective and can be reused. This is expected to drive the growth of reusable oil absorbents market over the forecast period. That apart, the different benefits of reusable oil absorbents such as non-toxic, non-leaching and repealing of water will further drive the growth of the reusable oil absorbents market over the forecast period.
Restraint:
Lack of awareness in different application is expected to be a factor that hampers the growth of reusable oil absorbents market over the forecast period. Moreover, synthetic fiber oil absorbents are less effective on medium oils, which is yet another factor to hinder the growth of the reusable oil absorbents market during the forecast period. Furthermore, few industries do not use oil absorbents at the workplace, which hampers the growth of the reusable oil absorbents market.
Global Reusable Oil Absorbents Market: Segmentation
The global reusable oil absorbents market can be segmented based on type, material, application and end user.
By type, the reusable oil absorbents market can be segmented into:
Oil Absorbent Mats
Oil Absorbent Pads
Absorbent Socks
Absorbent Cushion
Absorbent Rolls
Absorbent Booms
Wet Mops
By material, the reusable oil absorbents market can be segmented into:
Organic
Inorganic
Synthetic
By application, the reusable oil absorbents market can be segmented into:
Oil & Gas
Food & Beverage
Chemicals
By end use, the reusable oil absorbents market can be segmented into:
Residential
Industrial
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Global Reusable Oil Absorbents Market: Regional Outlook
North America will be closely followed by Asia Pacific during the forecast period. Both of these markets are projected to witness immense growth in the reusable oil absorbents market owing to increasing demand of absorbent mats and pads. Western Europe, in particular, is expected to witness growth in the reusable oil absorbents market due to the expected growth in the oil & gas industry during the forecast period. Latin America is expected to grow at a significant CAGR during the forecast period owing rapid industrialization in the region. Middle East and Africa and Japan are expected to support the growth of the reusable oil absorbents market over the forecast period.
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