Global Industrial Absorbents Market: Overview
The global industrial absorbents market may have risen steadily over the years, owing to regulations to check chemical and oil spills, damaging the environment. Industrial absorbents are mainly used by the gas and oil producers. Oils spills have harmful effects on environmental and human health. It helps to overcome the consequences of oil and chemical spills and recover spilled materials. There are three types of industrial absorbents, namely natural organic, natural inorganic and synthetic. Industrial absorbents can absorb liquid up to 70 times with respect to their weight and can also absorb the most dangerous caustic or acidic fluids. The outstanding water repellency and non-inflammability is believed to be driving demand majorly in the global industrial absorbents market.
An upcoming report on global industrial absorbents market by Transparency Market Research intends to present in-depth information by banking upon both primary and secondary research. The report would enable the key stakeholders to gain proper insight into the growth drivers and examine various influencing factors shaping the contours of the market. The report would also provide a peek into the competitive dynamics. It could prove to be a valuable repository of figures on sales and revenues and growth pace of the global industrial absorbents market.
Global Industrial Absorbents Market: Key Trends
Rising awareness on safety and health issues caused by oil and chemical spills and the increasing demand of industrial absorbents in the food processing, chemical, oil and gas and healthcare industries are widely believed to be diving the global industrial absorbents market. There are two ideal industrial absorbents, namely booms and socks. These are majorly used for controlling oil-based spill in water environment. Booms are mainly suitable for oceans, lakes, and ponds due to their excellent water repelling properties. Socks are available as a form of flexible tubes which are used on land to contain and control spills.
Growing incidence of chemical accidents at the time of transporting stored chemicals and rising the number of deaths of aquatic animals due to hazardous oil spills in the marine water are expected to boost the global industrial absorbents market. Increasing awareness to reinforce environmental regulation and rising pollution level caused by end-use industries are projected to be fueling the global industrial absorbents market.
Global Industrial Absorbents Market: Regional Outlook
Regionwise, there is a high possibility of Asia Pacific leading the global industrial absorbents market. This is because of the rapid industrialization and increasing occurrences of liquid spills in the end-use industries in the region. Other prominent regions in the global industrial absorbents market could be the Middle East, Europe and Africa and North America. Rising prevalence of large spills in ocean water and marine areas could be responsible for driving demand in the global industrial absorbents market in these regions.
Global Industrial Absorbents Market: Competitive Dynamics
Some of the prominent key players operating in the global industrial absorbents market are Brady Corporation, 3M Company, Johnson Matthey and Meltblown Technologies. The upcoming report studies competitor’s product portfolios, key strategies and sales and revenues in the near term.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.