๐Ÿ“ž  +1 (855) 661-4441(US)   ๐Ÿ“ž  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Industrial Absorbents Market Research Report Information By Material Type (Natural Organic, Natural Inorganic and Synthetic), By Product (Pads, Rolls, Pillows, Granules, Booms & Socks, Sheets & Socks, Sheets & Mats and Others (Rags, Lids, Towels, and Skimmers), By Type (Universal, Oil-only and HAZMAT/Chemical), By End-Use Industry (Oil & Gas, Chemical, Food Processing, Healthcare and Others (Aerospace and Automotive) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032

ID: MRFR/CnM/10679-HCR | 128 Pages | Author: Anshula Mandaokar| July 2024

Global Industrial Absorbents Market Overview

Industrial Absorbents Market Size was valued at USD 4.8 Billion in 2022. The Industrial absorbents industry is projected to grow from USD 5.00 Billion in 2023 to USD 7.01 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2023 - 2032). Environmental regulations, increased industrial activity, growing awareness of safety, oil spill response, development of advanced absorbents, increased focus on sustainability, market expansion in emerging economies, and awareness of cleanliness and hygiene are the key market drivers enhancing the market growth.Industrial Absorbents Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Absorbents Market Trends

  • Growing oil spill response is driving the market growth

Oil spill response, which calls for the usage of specialized absorbent materials to contain and effectively clean up oil spills, is a key factor driving the industrial absorbents market. These occurrences can take place in a variety of locations, including industrial sites, coastal regions, and maritime ecosystems, and can have significant negative effects on the environment and the economy. The market for industrial absorbents is driven in part by the reaction to oil spills.

Governments and regulatory agencies from all over the world have realized the importance of taking fast action in the event of an oil spill. Regulations and rules that require businesses and shipping corporations to have efficient oil spill response plans in place have been established as a result of this. The use of industrial absorbents is often a fundamental element of these programs to reduce the negative effects of spills on the environment.

Aquatic life, coastal populations, and marine ecosystems all suffer greatly as a result of oil spills. Pressure on governments and businesses to take preventative action to lessen the damage caused by oil spills is growing as public knowledge of environmental issues rises. Industrial absorbents are crucial resources in this effort since they aid in keeping oil contained and make removal and containment easier.

In the case of an oil spill, industries involved in the handling, processing, and storage of oil and petroleum products suffer serious financial and reputational hazards. Companies make investments in oil spill response tools and supplies, such as commercial absorbents, to lessen the hazards involved. The correct absorbents on hand can make a significant difference in quickly and efficiently containing and cleaning up a spill. Thus, driving the Industrial absorbents market revenue.

Industrial Absorbents Market Segment Insights

Industrial Absorbents Material Type Insights

The Industrial absorbents market segmentation, based on material type, includes natural organic, natural inorganic and synthetic. The natural organic segment dominated the market in 2022. Natural organic absorbents, such as those found in wetlands, woods, and aquatic bodies, are especially well adapted for spill response. These materials are crucial for protecting delicate ecosystems because they can effectively absorb and control spills without harming the environment.

Industrial Absorbents Product Insights

The Industrial absorbents market segmentation, based on product, includes pads, rolls, pillows, granules, booms & socks, sheets & socks, sheets & mats and others (rags, lids, towels, and skimmers). The booms & socks segment dominated the market in 2022. Booms and socks are widely used in maritime and offshore industries to contain and control oil spills. Activities such as oil drilling, shipping, and offshore platform operations carry a risk of oil spills, and the demand for these containment products is driven by the need to respond swiftly and effectively to such incidents.

Industrial absorbents Type Insights

The Industrial absorbents market segmentation, based on type, includes universal, oil-only and HAZMAT/chemical. The HAZMAT/chemical segment dominated the market in 2022. The HAZMAT and chemical industries prioritize safety due to the inherently high risks associated with handling hazardous materials. Industrial absorbents are a critical component of risk management strategies, as they provide a rapid and effective means of containing and cleaning up chemical spills to prevent accidents, environmental damage, and worker exposure.

Figure 1: Industrial Absorbents Market, by Type, 2022 & 2032 (USD Billion)Industrial Absorbents Market, by Type, 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Absorbents end-use Industry Insights

The Industrial absorbents market segmentation, based on end-use industry, includes oil & gas, chemical, food processing, healthcare and others (aerospace and automotive). The chemical category generated the most income in 2022. Various hazardous compounds are handled by the chemical industry, and unintentional spills can have a negative impact on the environment, worker safety, and public health. Chemical businesses spend money on industrial absorbents as part of their spill response and prevention plans to reduce these hazards.

Industrial Absorbents Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Industrial Absorbents Market dominated this market in 2022 (45.80%). In the US, organizations like the Environmental Protection Agency (EPA) have put into effect laws like the Clean Water Act and the Oil Pollution Act, which demand that businesses, especially those involved in handling chemicals and oil, have thorough spill response plans that take advantage of industrial absorbents. The primary driver of demand in North America is the necessity for businesses to abide by these regulations in order to avoid costly fines. Further, the U.S. Industrial absorbents market held the largest market share, and the Canada Industrial absorbents market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: INDUSTRIAL ABSORBENTS MARKET SHARE BY REGION 2022 (USD Billion)INDUSTRIAL ABSORBENTS MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Industrial absorbents market accounts for the second-largest market share. Europe's industrial absorbents market is primarily driven by the region's strict environmental legislation. The European Union (EU) has set ambitious sustainability goals and has implemented robust regulations to protect the environment and human health. The dominating reason for the demand for industrial absorbents in Europe is the need to adhere to these stringent laws and directives. Further, the German Industrial absorbents market held the largest market share, and the UK Industrial absorbents market was the fastest growing market in the European region.

The Asia-Pacific Industrial Absorbents Market is expected to grow at the fastest CAGR from 2023 to 2032. An important factor is the region's involvement in oil and gas exploration and production. Oil and gas operations in the area need for the usage of industrial absorbents, particularly for responding to oil spills. The primary justification for their employment in this industry is the realization of the possible negative economic and environmental effects of oil spills in the delicate ecosystems of the area. Moreover, China’s Industrial absorbents market held the largest market share, and the Indian Industrial absorbents market was the fastest growing market in the Asia-Pacific region.

Industrial Absorbents Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Industrial absorbents market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial absorbents industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Industrial absorbents industry to benefit clients and increase the market sector. In recent years, the Industrial absorbents industry has offered some of the most significant advantages to medicine. Major players in the Industrial absorbents market, including 3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltblown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, Tolsa SA, and others, are attempting to increase market demand by investing in research and development operations.

The 3M Company is a producer and distributor of industrial products and services. Advanced materials, display materials and systems, office supplies, home care, home improvement, roofing granules, closure and masking systems, and other products are also offered by the company. Aside from that, 3M offers a variety of services, such as health information systems, consumer health, medical, and dental care. It serves clients from a range of industries, including consumer products, automotive, electronics, healthcare, safety, and energy. The company has manufacturing and conversion facilities throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. 3M is based in the American city of St. Paul, Minnesota.

Brady Corp (Brady) manufactures and sells identification products and work safety gear. Its range includes high-performance, cutting-edge industrial and healthcare identification products as well as items for workplace safety and compliance. Brady offers its products for sale under a variety of brand names, including BIG, Carroll, Electromark, Emedco, Clement, Securimed, Trafalgar, and Accidental Health and Safety, among others. Along with other firms, it aids those in the electrical, electronics, aerospace, defense, chemical, oil, gas, government, leisure, automobile, and telecommunications industries. The Americas, Europe, the Middle East, Africa, and Asia-Pacific are among the corporation's operating regions. Brady resides in Milwaukee, Wisconsin, a city in the US.

Key companies in the industrial absorbents market include

Industrial Absorbents Industry Developments

June 2022: During the second annual Qatar Economic Forum, Green Boom, a cutting-edge range of environmentally friendly oil absorbent solutions, launched a Memorandum of Understanding (MoU) with Investment Promotion Agency Qatar (IPA Qatar). The company established its foothold in the Middle East with this announcement in order to provide a biodegradable line of oil-only absorbents appropriate for large spill response, industrial, and transportation uses.

Industrial Absorbents Market Segmentation

Industrial Absorbents Material Type Outlook

  • Natural Organic

  • Natural Inorganic

  • Synthetic

Industrial Absorbents Product Outlook

  • Pads

  • Rolls

  • Pillows

  • Granules

  • Booms & Socks

  • Sheets & Socks

  • Sheets & Mats

  • Others (Rags, Lids, Towels, and Skimmers)

Industrial Absorbents Type Outlook

  • Universal

  • Oil-only

  • HAZMAT/Chemical

Industrial Absorbents End-Use Industry Outlook

  • Oil & Gas

  • Chemical

  • Food Processing

  • Healthcare

  • Others (Aerospace and Automotive)

Industrial Absorbents Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 4.8 Billion
Market Size 2023 USD 5.00 Billion
Market Size 2032 USD 7.01 Billion
Compound Annual Growth Rate (CAGR) 4.30% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Material Type, product, type, end-use Industry, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltblown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, Tolsa SA.
Key Market Opportunities Transportation and Logistics Industry Growth.
Key Market Dynamics Growing adoption of biodegradable absorbents.

Frequently Asked Questions (FAQ) :

The Industrial absorbents market size was valued at USD 4.8 Billion in 2022.

The market is projected to grow at a CAGR of 4.30% during the forecast period, 2023-2032.

North America had the largest share in the market

The key players in the market are 3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltblown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, Tolsa SA.

The HAZMAT/Chemical category dominated the market in 2022.

The Booms & Socks had the largest share in the market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.