North America Industrial Absorbents Market Forecast to 2031 - Regional Analysis - by Product Type, Type, and End-use Industry

Description

List of Tables

The North America industrial absorbents market was valued at US$ 904.24 million in 2023 and is expected to reach US$ 1,262.98 million by 2031; it is estimated to register a CAGR of 4.3% from 2023 to 2031.

Increased Use in Different End-Use Industries Fuels North America Industrial Absorbents Market

Oil & gas, chemicals, food processing, healthcare, and pharmaceutical industries are among the major end users of industrial absorbents. They are used to clean large- and small-scale oil spills in the oil & gas industry. Accidental spillage of oil due to fuel discharge during oil processing, leakage through large-scale offshore petroleum units, mishaps during oil drilling, and oil transportation through oceanic routes can pose a severe threat to the surrounding environment. Oil spillage worsens the water quality and adversely affects the aquatic ecosystem. A surge in the incidents of oil spillage triggers the demand for industrial absorbents in the oil & gas industry. For instance, according to the International Tanker Owners Pollution Federation Limited (ITOPF), in 2023, one large oil spill and nine medium oil spills from tankers were recorded, which accounted for approximately 2,000 tons of volume of oil lost to the environment. These incidents occurred in Asia, Africa, Europe, and America. The rising number of oil refineries is another factor propelling the demand for industrial absorbents. Also, with the increasing number of drilling operations, the oil & gas industry are among the major contributors to the demand for industrial absorbents.

In the chemicals industry, a chemical spill generally occurs while transporting stored chemicals. Industrial absorbents are broadly used for cleaning chemicals that can be hazardous if left unattended. The significant growth of the global chemical industry is expected to provide robust growth for the industrial absorbents market.

Global Chemical Production Outlook 2024 (Excluding Pharmaceuticals)

Source: BASF Outlook for the Chemical Industry

In the food processing industry, absorbents are used to prevent food ingredients such as meat, fish, or poultry from drying out during storage or transportation while retaining the original flavor and appearance of the product.

Therefore, the rising use of industrial absorbents in various end-use industries contributes to market growth.

North America Industrial Absorbents Market Revenue and Forecast to 2031 (US$ Million)

North America Industrial Absorbents Market Segmentation

The North America industrial absorbents market is categorized into product type, type, end-use industry, and country.

Based on product type, the North America industrial absorbents market is segmented into pads, rolls, pillows, booms, socks, and others. The booms segment held the largest market share in 2023.

In terms of type, the North America industrial absorbents market is categorized into universal, oil-only, and hazmat/chemical. The hazmat/chemical segment held the largest market share in 2023.

By end-use industry, the North America Industrial Absorbents market is segmented into oil & gas, chemical, food processing, healthcare, automotive, and others. The oil & gas segment held the largest market share in 2023.

By country, the North America industrial absorbents market is segmented into the US, Canada, and Mexico. The US dominated the North America industrial absorbents market share in 2023.

3M Co, Ansell Ltd, Brady Corp, Meltblown Technologies Inc, Oil-Dri Corp of America, Complete Environmental Products Inc, TOLSA SA, SpillTech Environmental Inc, New Pig Corp, and Green Stuff Absorbentes are among the leading companies operating in the North America industrial absorbents market.

Product Code: BMIRE00028531

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Macro-economic factor analysis:
- 3.2.2 Developing base number:
- 3.2.3 Data Triangulation:
- 3.2.4 Country level data:
3.3 Limitations and Assumptions

4. North America Industrial Absorbents Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Buyers:
- 4.2.3 Bargaining Power of Suppliers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End-Use Industry:
- 4.3.5 List of Vendors in the Value Chain

5. North America Industrial Absorbents Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increased Use in Different End-Use Industries
- 5.1.2 Growing Environmental Concerns Concerning Chemical and Oil Spills
5.2 Market Restraints
- 5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Growing Demand for Absorbent Products Tailored for Emergency Preparedness
5.4 Future Trends
- 5.4.1 Biodegradable Absorbents
5.5 Impact of Drivers and Restraints:

6. Industrial Absorbents Market - North America Analysis

6.1 Industrial Absorbents Market Revenue, 2021-2031 (US$ Million)
6.2 Industrial Absorbents Market Forecast Analysis

7. North America Industrial Absorbents Market Analysis - by Product Type

7.1 Pads
- 7.1.1 Overview
- 7.1.2 Pads: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Rolls
- 7.2.1 Overview
- 7.2.2 Rolls: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Pillows
- 7.3.1 Overview
- 7.3.2 Pillows: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Booms
- 7.4.1 Overview
- 7.4.2 Booms: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Socks
- 7.5.1 Overview
- 7.5.2 Socks: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Industrial Absorbents Market Analysis - by Type

8.1 Universal
- 8.1.1 Overview
- 8.1.2 Universal: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Oil-Only
- 8.2.1 Overview
- 8.2.2 Oil-Only: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Hazmat/Chemical
- 8.3.1 Overview
- 8.3.2 Hazmat/Chemical: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Industrial Absorbents Market Analysis - by End-use Industry

9.1 Oil & Gas
- 9.1.1 Overview
- 9.1.2 Oil & Gas: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Chemical
- 9.2.1 Overview
- 9.2.2 Chemical: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Food Processing
- 9.3.1 Overview
- 9.3.2 Food Processing: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Healthcare
- 9.4.1 Overview
- 9.4.2 Healthcare: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Automotive
- 9.5.1 Overview
- 9.5.2 Automotive: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Industrial Absorbents Market - Country Analysis

10.1 North America Industrial Absorbents Market Overview
- 10.1.1 North America: Industrial Absorbents Market Breakdown, by Key Country, 2023 and 2031 (%)
  - 10.1.1.1 North America: Industrial Absorbents Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 United States: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 United States: Industrial Absorbents Market Breakdown, by Product Type
    - 10.1.1.2.2 United States: Industrial Absorbents Market Breakdown, by Type
    - 10.1.1.2.3 United States: Industrial Absorbents Market Breakdown, by End-use Industry
  - 10.1.1.3 Canada: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Canada: Industrial Absorbents Market Breakdown, by Product Type
    - 10.1.1.3.2 Canada: Industrial Absorbents Market Breakdown, by Type
    - 10.1.1.3.3 Canada: Industrial Absorbents Market Breakdown, by End-use Industry
  - 10.1.1.4 Mexico: Industrial Absorbents Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Mexico: Industrial Absorbents Market Breakdown, by Product Type
    - 10.1.1.4.2 Mexico: Industrial Absorbents Market Breakdown, by Type
    - 10.1.1.4.3 Mexico: Industrial Absorbents Market Breakdown, by End-use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Mergers and Acquisitions
12.3 Product Launch
12.4 Expansions and Other Strategic Developments

13. Company Profiles

13.1 3M Co
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Ansell Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Brady Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Meltblown Technologies Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Oil-Dri Corp of America
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Complete Environmental Products Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 TOLSA SA
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 SpillTech Environmental Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 New Pig Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Green Stuff Absorbentes
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners