NEW YORK, Sept. 18, 2023 /PRNewswire/ — The industrial absorbents market size is expected to grow by USD 1.12 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 4.53% during the forecast period, according to Technavio. Rising awareness about the importance of workplace safety is notably driving the industrial absorbents market. However, factors such as health hazards related to the manufacturing of industrial absorbents may impede market growth. The market is segmented by End-user (Chemicals, Oil and gas, Food processing, Healthcare, and Others), Type (Chemical, Oil-only, and Universal), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the industrial absorbents market including 3M Co., Ansell Ltd., Brady Corp., Darcy Products Ltd., Decorus Europe, Ecolab Inc., Ecospill Pty Ltd., Enretech Australasia Pty Ltd., Evolution Sorbent Products, Heritage Crystal Clean Inc., Impact absorbents Inc., Interstate Products Inc., Meltblown Technologies Inc., New Pig Corp., Nu Wool Co. Inc., Oil Dri Corp. of America, Polyeco Group, Safetec, Seche Environnement SA, and TOLSA SA. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
Industrial Absorbents Market 2023-2027: Company Analysis
Meltblown Technologies – The company offers industrial absorbents such as universal indoor industrial absorbents and oil outdoor absorbents. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Industrial Absorbents Market 2023-2027: Segmentation
End-user
- The chemicals segment is significant during the forecast period. The growing demand for industrial absorbents by this segment is driven by the usage of corrosive, toxic, and flammable materials used in industrial processes in the chemicals sector. Furthermore, diatomaceous earth is a naturally occurring sedimentary rock that is highly porous and has excellent absorbent properties, which makes it ideal as an absorbent for various liquids, including oils, solvents, and chemicals. Also, chemical companies themselves produce and sell industrial absorbents as they are aware of the vital role of controlling spillages of hazardous substances. Hence, such factors drive the growth of the chemicals segment of the industrial absorbents market during the forecast period.
Geography
- APAC will contribute 44% to the growth of the global market during the forecast period. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Industrial Absorbents Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist industrial absorbents market growth during the next five years
- Estimation of the industrial absorbents market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the industrial absorbents market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of industrial absorbents market companies
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Industrial Absorbents Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
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Market growth 2023-2027 |
USD 1.12 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
4.0 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Ansell Ltd., Brady Corp., Darcy Products Ltd., Decorus Europe, Ecolab Inc., Ecospill Pty Ltd., Enretech Australasia Pty Ltd., Evolution Sorbent Products, Heritage Crystal Clean Inc., Impact absorbents Inc., Interstate Products Inc., Meltblown Technologies Inc., New Pig Corp., Nu Wool Co. Inc., Oil Dri Corp. of America, Polyeco Group, Safetec, Seche Environnement SA, and TOLSA SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
