Authored By: Sarah
26 Jun 2024

 Industrial Absorbents Market Size to grow by USD 1122.5 million between 2023-2027

According to a research report “ Industrial Absorbents Market” by End-user (Chemicals, Oil and gas, Food processing, Healthcare, Others) Type (Chemical, Oil-only, Universal) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 1122.5 million, at a CAGR of  4.53% during the forecast period. In response to the heightened importance of workplace safety in industrial settings, companies are making substantial investments in education and training programs to equip their employees with the necessary skills and knowledge to mitigate potential hazards. This includes conducting regular safety drills and workshops on the proper usage of absorbents for oil spills or chemical leaks. The global industrial absorbents market is witnessing significant growth as a result, with an increasing demand for effective and efficient solutions to ensure a secure working environment. Companies prioritize the implementation of these safety measures to safeguard their workforce and adhere to regulatory compliance.

Browse market data tables, figures, and in-depth TOC on “Industrial Absorbents Market” by End-user (Chemicals, Oil and gas, Food processing, Healthcare, Others) Type (Chemical, Oil-only, Universal) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample

 

By End-user, the Chemicals segment is projected to dominate the market size in 2024

In the industrial landscape, chemicals serve a pivotal function in the global absorbents market, facilitating effective spill management and ensuring environmental safeguards across various sectors. Among these chemicals, sodium bentonite, a natural clay mineral, holds significant importance. Sodium bentonite's remarkable water-absorbing properties make it a preferred choice in industrial absorbents. It is typically available in the form of granules or powder for use in absorbent products. Upon encountering water or liquids, sodium bentonite rapidly swells and forms a gel-like substance, encapsulating and retaining the spilled material. Industrial absorbents incorporating sodium bentonite exhibit extensive applications, particularly in spill response and containment scenarios. For instance, during an oil spill, sodium bentonite-infused absorbents can be deployed to absorb the spilled oil, mitigating potential environmental harm.

By Type, Chemical  segment is expected to hold the largest market size for the year 2024

In the chemicals industry, the handling and processing of materials necessitate the utilization of industrial absorbents to mitigate risks associated with corrosive, toxic, and flammable substances. These substances, inherent in chemical production and transportation, pose significant hazards if spilled. Industrial absorbents, such as diatomaceous earth, are essential for swiftly containing and absorbing such spills, thereby minimizing potential environmental damage and accidents. Diatomaceous earth, a naturally occurring sedimentary rock, is highly porous and possesses exceptional absorbent properties. It is commonly employed in the chemical sector as an absorbent for various liquids, including oils, solvents, and chemicals.

APAC is forecasted to hold the largest market size by region in 2024

In the Asia Pacific (APAC) region, the expanding industrial sector and heightened environmental concerns are fueling a significant demand for industrial absorbents. Key drivers of this market growth include stringent waste management regulations, the necessity for spill cleanup in industries, and the growing emphasis on maintaining a clean and secure work environment. The robust manufacturing sector in APAC, particularly in countries like China, Japan, and South Korea, contributes significantly to this trend. These nations are renowned for their industries in sectors such as automotive, electronics, and chemicals, which generate substantial quantities of hazardous substances, necessitating effective absorbents for spill response and containment.

The Industrial Absorbents Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, 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
  • TOLSA SA
.

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Research Analysis Overview

The Industrial Absorbents Market has witnessed significant growth in recent years due to the increasing demand from drilling operations in the oil and gas sector. Key players in this market include Texas International Terminals and BP Plc. The market is driven by the demands of petroleum refineries and oil refineries for hydrocarbon products, which require absorbents for various processes. The trade cycle and travel restrictions have impacted the market growth, but the rising industrialization in various regions is expected to boost the market. High-performance absorbents are in high demand due to their ability to effectively absorb water, oil, and chemical spills. The sector offers complete solutions and a wide range of product offerings, with complementary capabilities in environmental friendliness and performance. The market is currently experiencing saturation, but the growing concerns for human life and ecosystems in the face of chemical and oil spills continue to drive regulations and environmental concerns, ensuring the market's continued growth. Texas International Terminals and BP Plc, among others, are investing in research and development to create more effective and eco-friendly absorbents. The market is expected to remain a critical component of the industrial sector, ensuring the safe and efficient handling of hydrocarbon products.

Market Research Overview

The Industrial Absorbents Market is experiencing a 'Green Boom' due to the increasing demand for clean energy and stricter regulatory systems. Companies like Chevron are investing heavily in this sector to meet the demands of the oil and gas industry, particularly in offshore drilling and oil refineries. The chemicals demand in industries such as petroleum refineries and hydrocarbon products production is driving the market growth. The market includes various business segments like waste bags, on-floor spillage, and oil spill cleanup solutions. The use of industrial absorbents is crucial in various industries to manage liquids, chemicals, oils, and dangerous substances spills and leaks. The environmental preservation, cultural resource protection, and workplace safety are key concerns in this sector. The market offers a range of absorbents, including natural materials like cellulose, peat moss, diatomaceous earth, and clay. Synthetic materials like polyethylene, polyester, polyurethane, and polypropylene are also popular due to their high-performance capabilities. The market caters to various industries, including oil drilling, offshore petroleum facilities, vessel operations, and large oil spills. The market is subjected to the trade cycle and raw material availability. Travel restrictions and legislative reforms are also impacting the market's growth. The rising industrialization and rigorous regulatory demands are driving the need for environmental friendliness and complete solutions. The market offers complementary capabilities in spill management solutions, biodegradability, and novel absorbent solutions. The market's growth is influenced by factors like rising environmental consciousness, stringent regulatory systems, and the need for low energy consumption. Companies like BP Plc are investing in research and development to offer eco-friendly absorbents that prioritize human life, ecosystems, and worker safety. The market's future looks promising with new industry verticals and sector demands emerging.

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Technavio Research
Jesse Maida
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Email: media@technavio.com
Website: www.technavio.com/

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