Press release
Industrial Absorbents Market could be worth US$ 3.94 billion by 2031, says Premium Market Insights
Industrial Absorbents Market Size And Forecast (2021 - 2031), Global And Regional Share, Trend, And Growth Opportunity Analysis Report Coverage: By Product Type (Pads, Rolls, Pillows, Booms, Socks, And Others), Type (Universal, Oil-Only, And Hazmat/Chemical), End-Use Industry (Oil & Gas, Chemical, Food Processing, Healthcare, Automotive, And Others), And Geography The industrial absorbents market size was valued at US$ 3.94 billion in 2023 and is projected to reach US$ 5.50 billion by 2031; it is estimated to register a CAGR of 4.3% from 2023 to 2031.Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00073766?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Industrial Absorbents Market:
Based on end use, the market is segmented into oil and gas, chemical, food processing, healthcare, automotive, and others. The oil and gas segment held the largest share in 2023. As oil and chemical spills are common in the oil & gas industry, the use of industrial absorbents is considerably high as these can help avoid the hazardous effects of oil spills. Industrial absorbents have hydrophobic fibers that repel water (and float) and absorb only oils and other hydrocarbons. These absorbents float on water even when they are saturated, owing to which these pads are ideal for use in wet conditions. Asia Pacific has been one of the prominent markets for industrial absorbents, owing to growth in chemical, healthcare, food processing, and other sectors. Moreover, government initiatives and policies such as Make in India encourage the setup of different manufacturing plants in India. The rise in foreign direct investments leads to regional economic growth, further bolstering industrialization in the region.
High demand for industrial absorbents from manufacturing, food processing, chemical, healthcare, and oil & gas industries drives the industrial absorbents market in Asia Pacific. The chemical manufacturing industry is an important part of manufactured exports for several Asian nations, including China, South Korea, India, and Japan.
3M Co
Ansell Ltd
Brady Corp
Decorus Europe Ltd
Meltblown Technologies Inc
Oil-Dri Corp of America
Schoeller Industries
Fentex Ltd
Complete Environmental Products Inc
TOLSA SA
SpillTech Environmental Inc Chapter Details of Industrial Absorbents Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Industrial Absorbents Market Landscape
Part 04: Industrial Absorbents Market Sizing
Part 05: Industrial Absorbents Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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