Global Industrial Absorbents Market Size Study & Forecast, by Type, by Material Type, by Product, by End-use Industry, and Regional Analysis, 2023-2030

Description

List of Tables

Global Industrial Absorbents Market is valued at approximately USD 4.13 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.0% during the forecast period 2023-2030. Industrial absorbents are specialized materials crucial for managing spills in industrial environments. These substances, available in various forms such as pads, rolls, socks, and loose granules, are designed to efficiently absorb and contain liquids, including oils, chemicals, and hazardous materials. They cater to different spill scenarios with specific types such as oil-only, universal, and hazmat absorbents. Industrial absorbents help enhance workplace safety, prevent slip hazards and ensuring compliance with environmental regulations. The surge in industrial activity, increasing environmental awareness and the implementation of regulations addressing spills of oil and chemicals, along with the rising incidences of oil and water spills on both land and water bodies are the most prominent factors that are propelling the market demand across the globe.

In addition, the increasing demand from the oil and gas industry is acting as a key factor that is prompting the market expansion. In the oil and gas industry, absorbents play a crucial role in repelling water and selectively absorbing oil and hydrocarbon products. The expansion of oil refineries boosts absorbent demand, driven by the global demand for oil and its by-products. According to Statista, there has been a gradual uptrend in global oil production in 2022, the world witnessed an approximate production of 4.4 billion metric tons of crude oil, which is an increase from the 4.2 billion metric tons recorded in 2021. Similarly, the same source stated that, in 2020, the total investment in oil and gas accounted for around USD 270 billion which is continuously growing and expected to reach USD 307 billion by 2022. Also, the increasing number of drilling operations in North America and the Middle East positively influences market demand, especially in the United States, a key market for drilling services. The Gulf of Mexico has become a significant hub for offshore drilling, with substantial investments in oil and gas production capacity expansion. Moreover, the growth opportunity for reusable industrial absorbent products, as well as the development of new absorbent materials presents various lucrative opportunities over the forecast years. However, the availability of cost-effective substitutes and the health hazards associated with the manufacturing of absorbents are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Industrial Absorbents Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to rapid industrialization has resulted in a surge in manufacturing activities across various end-use industries. Furthermore, the stringent environmental regulations mandated by governments in countries such as China, India, Japan, and South Korea contribute to an increased demand for industrial absorbents. Adhering to these regulations necessitates the application of absorbents to efficiently handle and contain spills and pollutants, ensuring compliance with environmental standards. Whereas, North America is expected to grow with a significant CAGR over the forecast years. The rising awareness regarding environmental protection, ongoing advancements in absorbent technologies, and high growth prospects for reusable industrial absorbent products are significantly propelling the market demand across the region.

Major market players included in this report are:

3M Company
Brady Corporation
Decorus Europe Ltd.
Johnson Matthey Plc
Kimberly-Clark Worldwide, Inc.
Meltblown Technologies Inc.
Monarch Green, Inc.
New Pig Corporation
Oil-Dri Corporation of America
Absorbent Products Ltd

Recent Developments in the Market:

In August 2023, New Pig Corporation, a prominent player in the industrial absorbents products sector, expanded its operations by acquiring a 165,000-square-foot warehouse facility in Altoona from the former US Foods. This strategic initiative aims to support the company's growth initiatives and enhance its capabilities for industrial absorbents' innovation and development.
In May 2023, 3M allocated a substantial investment of USD 146 million to amplify its support for biotech manufacturing with a specific focus on advancing filtration technology for bioprocessing and pharmaceutical manufacturing. This initiative holds considerable implications for the Industrial Absorbent Market.
In June 2022, Green Boom, a trailblazing brand specializing in environmentally friendly oil absorbent products, revealed the signing of Memorandums of Understanding (MoUs) with the Investment Promotion Agency Qatar (IPA Qatar) at the second annual Qatar Economic Forum. This significant announcement marked the establishment of Green Boom's presence in the Middle East region, aimed at providing a biodegradable line of oil-only absorbents tailored for extensive spill response, as well as applications in the industrial and transportation sectors.

Global Industrial Absorbents Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Material Type, Product, End-use Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Universal
Oil-Only
HAZMAT/Chemical

By Material Type:

Natural Organic
Natural Inorganic
Synthetic

By Product:

Pads
Rolls
Pillows
Granules
Booms & Socks
Sheets & Mats
Others

By End-use Industry:

Oil & Gas
Chemical
Food Processing
Healthcare
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Absorbents Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Absorbents Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Industrial Absorbents Market, by Material Type, 2020-2030 (USD Billion)
- 1.2.4. Industrial Absorbents Market, by Product, 2020-2030 (USD Billion)
- 1.2.5. Industrial Absorbents Market, by End-use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Industrial Absorbents Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Industrial Absorbents Market Dynamics

3.1. Industrial Absorbents Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand from the oil and gas industry
  - 3.1.1.2. Rising environmental awareness and the implementation of regulations addressing spills of oil and chemicals
- 3.1.2. Market Challenges
  - 3.1.2.1. Availability of cost-effective substitutes
  - 3.1.2.2. Health hazards associated with the manufacturing of the absorbents
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growth opportunity for reusable industrial absorbent products
  - 3.1.3.2. Development of new absorbent materials

Chapter 4. Global Industrial Absorbents Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Absorbents Market, by Type

5.1. Market Snapshot
5.2. Global Industrial Absorbents Market by Type, Performance - Potential Analysis
5.3. Global Industrial Absorbents Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Industrial Absorbents Market, Sub Segment Analysis
- 5.4.1. Universal
- 5.4.2. Oil-Only
- 5.4.3. HAZMAT/Chemical

Chapter 6. Global Industrial Absorbents Market, by Material Type

6.1. Market Snapshot
6.2. Global Industrial Absorbents Market by Material Type, Performance - Potential Analysis
6.3. Global Industrial Absorbents Market Estimates & Forecasts by Material Type 2020-2030 (USD Billion)
6.4. Industrial Absorbents Market, Sub Segment Analysis
- 6.4.1. Natural Organic
- 6.4.2. Natural Inorganic
- 6.4.3. Synthetic

Chapter 7. Global Industrial Absorbents Market, by Product

7.1. Market Snapshot
7.2. Global Industrial Absorbents Market by Product, Performance - Potential Analysis
7.3. Global Industrial Absorbents Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
7.4. Industrial Absorbents Market, Sub Segment Analysis
- 7.4.1. Pads
- 7.4.2. Rolls
- 7.4.3. Pillows
- 7.4.4. Granules
- 7.4.5. Booms & Socks
- 7.4.6. Sheets & Mats
- 7.4.7. Others

Chapter 8. Industrial Absorbents Market, by End-use Industry

8.1. Market Snapshot
8.2. Global Industrial Absorbents Market by End-use Industry, Performance - Potential Analysis
8.3. Global Industrial Absorbents Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Billion)
8.4. Industrial Absorbents Market, Sub Segment Analysis
- 8.4.1. Oil & Gas
- 8.4.2. Chemical
- 8.4.3. Food Processing
- 8.4.4. Healthcare
- 8.4.5. Others

Chapter 9. Global Industrial Absorbents Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Industrial Absorbents Market, Regional Market Snapshot
9.4. North America Industrial Absorbents Market
- 9.4.1. U.S. Industrial Absorbents Market
  - 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Material Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Product breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End-use Industry breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Industrial Absorbents Market
9.5. Europe Industrial Absorbents Market Snapshot
- 9.5.1. U.K. Industrial Absorbents Market
- 9.5.2. Germany Industrial Absorbents Market
- 9.5.3. France Industrial Absorbents Market
- 9.5.4. Spain Industrial Absorbents Market
- 9.5.5. Italy Industrial Absorbents Market
- 9.5.6. Rest of Europe Industrial Absorbents Market
9.6. Asia-Pacific Industrial Absorbents Market Snapshot
- 9.6.1. China Industrial Absorbents Market
- 9.6.2. India Industrial Absorbents Market
- 9.6.3. Japan Industrial Absorbents Market
- 9.6.4. Australia Industrial Absorbents Market
- 9.6.5. South Korea Industrial Absorbents Market
- 9.6.6. Rest of Asia Pacific Industrial Absorbents Market
9.7. Latin America Industrial Absorbents Market Snapshot
- 9.7.1. Brazil Industrial Absorbents Market
- 9.7.2. Mexico Industrial Absorbents Market
9.8. Middle East & Africa Industrial Absorbents Market
- 9.8.1. Saudi Arabia Industrial Absorbents Market
- 9.8.2. South Africa Industrial Absorbents Market
- 9.8.3. Rest of Middle East & Africa Industrial Absorbents Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. 3M Company
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Brady Corporation
- 10.3.3. Decorus Europe Ltd.
- 10.3.4. Johnson Matthey Plc
- 10.3.5. Kimberly-Clark Worldwide, Inc.
- 10.3.6. Meltblown Technologies Inc.
- 10.3.7. Monarch Green, Inc.
- 10.3.8. New Pig Corporation
- 10.3.9. Oil-Dri Corporation of America
- 10.3.10. Absorbent Products Ltd

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Industrial Absorbents Market, report scope
TABLE 2. Global Industrial Absorbents Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Industrial Absorbents Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Industrial Absorbents Market estimates & forecasts by Material Type 2020-2030 (USD Billion)
TABLE 5. Global Industrial Absorbents Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 6. Global Industrial Absorbents Market estimates & forecasts by End-use Industry 2020-2030 (USD Billion)
TABLE 7. Global Industrial Absorbents Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Industrial Absorbents Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Industrial Absorbents Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Industrial Absorbents Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Industrial Absorbents Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Industrial Absorbents Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Industrial Absorbents Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Industrial Absorbents Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Industrial Absorbents Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Industrial Absorbents Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Industrial Absorbents Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Industrial Absorbents Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Industrial Absorbents Market
TABLE 72. List of primary sources, used in the study of global Industrial Absorbents Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Industrial Absorbents Market, research methodology
FIG 2. Global Industrial Absorbents Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Industrial Absorbents Market, key trends 2022
FIG 5. Global Industrial Absorbents Market, growth prospects 2023-2030
FIG 6. Global Industrial Absorbents Market, porters 5 force model
FIG 7. Global Industrial Absorbents Market, pest analysis
FIG 8. Global Industrial Absorbents Market, value chain analysis
FIG 9. Global Industrial Absorbents Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Industrial Absorbents Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Industrial Absorbents Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Industrial Absorbents Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Industrial Absorbents Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Industrial Absorbents Market, regional snapshot 2020 & 2030
FIG 15. North America Industrial Absorbents Market 2020 & 2030 (USD Billion)
FIG 16. Europe Industrial Absorbents Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Industrial Absorbents Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Industrial Absorbents Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Industrial Absorbents Market 2020 & 2030 (USD Billion)