Industrial Absorbents Market Size to Hit $5.09 Bn, Globally, by 2028 at 4.7% CAGR - Global Analysis by The Insight Partners

Industrial absorbents market is driven by surge in the incidents of oil spillage, Increasing usage in Oil & gas, chemicals, food processing, healthcare and personal care.

New York, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Industrial Absorbents Market Demand, Industry Trends and Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Pads, Rolls, Pillows, Booms, Socks, and Others), Type (Universal, Oil-Only, and Hazmat/Chemical), and End-Use Industry (Oil & Gas, Chemical, Food Processing, Healthcare, Automotive, and Others). The market is expected to grow from US$ 3.85 Billion in 2022 to US$ 5.09 Billion by 2028; it is estimated to record a CAGR of 4.7% from 2022 to 2028.

Download Sample PDF Brochure of Industrial Absorbents Market

Global Industrial Absorbents Market Report Scope, Segmentations, Regional & Country Scope:

Market Size Value inUSD 3.85 Billion in 2022
Market Size Value byUSD 5.09 Billion by 2028
Growth rateCAGR of 4.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages167
Historical data availableYes
Segments coveredProduct Type, Type, and End-Use Industry
Global Industrial Absorbents Market Forecast to 2028 - Latest COVID-19 Analysis     

Growth in Chemical Industry in Asia Pacific Drives Industrial Absorbents Market

The oil & gas and chemicals industries are significant contributors to the economic growth of Asia Pacific, especially India and China. According to the International Association of Oil & Gas Producers (IOGP), China, Indonesia, and India are major producers of oil & gas in the region. According to the International Organization of Motor Vehicle Manufacturers, the total passenger car production in India increased from 3.3 million vehicle units in 2020 to 4.3 million vehicle units in 2021. With the rising number of automobiles, the demand for fuel, lubricants, and other chemicals is also surging in Asia Pacific. The increasing demand for oil & gas, and chemicals and chemical derivatives in this region is contributing significantly to the growth of the industrial absorbents market.

Manufacturers in the chemicals and materials industry are establishing their production units in Asia Pacific due to low labor costs in this region. Several industrial absorbent manufacturers are also focused on the expansion of their manufacturing capabilities in this region.

Inquiry Before Purchase:  

Asia Pacific held the largest share of the industrial absorbents market in 2022. The industrial absorbents market growth in this region is attributed to the high usage in the chemicals, healthcare, and food processing industries, among others. In India, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants. The rise in foreign direct investments is also contributing to the economic growth of Asia Pacific, further bolstering industrialization in the region. Thus, the ongoing industrialization is driving industrial absorbents market growth across the region.

Industrial Absorbents Market: Competitive Landscape and Key Developments

3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltdown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, and Tolsa SA are among the key players operating in the industrial absorbents market. These companies have a wide presence across the world, which allows them to serve many customers.

Speak to Research Expert -   

Impact of COVID-19 Pandemic on Industrial Absorbents Market

Before the onset of the COVID-19 pandemic, the demand for industrial absorbents was mainly driven by the oil & gas and chemicals industry. Due to the pandemic, governments of various countries imposed restrictions on oil & gas and chemical manufacturing plants, which affected the demand for industrial absorbents. The shortage of manpower resulted in the deceleration of industrial absorbents’ production and distribution. Disruptions in the global supply chain and the shutdown of oil & gas and chemicals production facilities hampered the demand for industrial absorbents. Moreover, amid lockdowns imposed by different countries in 2020, maintaining inventory levels became cumbersome for industries.

The economies started reviving their operations in 2021, and the demand for industrial absorbents for different applications began to rise globally. In 2021, the food processing, chemical, and oil & gas industries rebounded strongly. The increasing use of industrial absorbents in these industries is expected to offer more growth opportunities for the market during the forecast period.

Industrial Absorbents Market: Segmental Overview

Based on product type, the global industrial absorbents market is segmented into pads, rolls, pillows, booms, socks, and others. The booms segment held the largest market share in 2022. Absorbent booms help concentrate oil in thicker surface layers so that vacuums, skimmers, or other collection methods can be used with greater efficiency. As booms are resistant to acids and hydrocarbon fluids, they are widely used in the oil & gas industry. Moreover, absorbent booms absorb water-based fluids to efficiently contain hydrocarbon fluids such as vegetable oils, diesel, and hydraulic oils. The availability of absorbent booms with extremely high liquid retention abilities contributes to the dominance of the booms segment in the industrial absorbents market.

Based on type, the global industrial absorbents market is segmented into universal, oil-only, and hazmat/chemical. The hazmat/chemical segment held the largest market share in 2022, and the oil-only segment is expected to register the highest CAGR during the forecast period. Hazmat/chemical absorbent is used to handle and clean up spills of acids, bases, paints, unknown liquids, and corrosive and hazardous chemicals. Regulations related to chemical spills drive the demand for hazmat/chemical absorbents in the chemicals industry.

Based on end-use industry, the 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 2022, and the chemical segment is expected to register the highest CAGR during the forecast period. Industrial absorbents are used to clear oil spills in the oil & gas industry. These absorbents have hydrophobic fibers which repel water (and float), absorbing only oils and other hydrocarbons. Even when fully saturated, they still float on water. This makes these pads ideal for use around water and in wet conditions. Oil and chemical spills are common in the oil & gas industry. Oil spills have hazardous effects on the environment and are a major concern for environmental degradation. Thus, the use of industrial absorbent in oil & gas production industries reduces the effects of spills on the environment.

Quickly Purchase Premium Copy of Industrial Absorbents Market Growth Report (2022-2028) at:    

Impact Of COVID-19 Pandemic on Industrial Absorbents Market

The COVID-19 outbreak adversely affected many industries, including the chemicals & materials industry. The governments of various countries imposed lockdowns, travel bans, and border restrictions to curb the spread of the virus. This halted the production of many companies operating in the chemicals & materials industry, creating supply shortages. Moreover, due to severe supply chain disruptions, raw material sourcing became difficult, creating a significant raw material shortage. The Industrial Absorbents market also witnessed a similar impact of the COVID-19 pandemic. Many production facilities remained closed under government mandates, which hampered the overall production volume of companies operating in the Industrial Absorbents market. Moreover, as the end-use industries such as construction, automotive, and transportation were adversely affected, there was a slowdown in demand for Industrial Absorbents, which resulted in a decline in profits of many small-scale, mid-scale, and large-scale companies.

However, the healthcare industry witnessed a significant boom because of the COVID-19 pandemic. Fluoropolymer tubing is widely used in various medical equipment such as catheters, bio-containment vessels, syringes, and sutures. This factor had a positive impact on the Industrial Absorbents market growth during 2020. Further, in 2021, the global marketplace witnessed a positive recovery, and governments announced the relaxation of their previously imposed restrictions. Manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap. Fluoropolymer manufacturers focused on increasing their production capabilities to maximize their profits, which is expected to further boost the Industrial Absorbents market growth over the forecast period.

Browse Adjoining Reports:

Absorbent Pads Market to 2027 - Global Analysis and Forecasts by Material (Fiber, Paper, Polyethylene, Polypropylene, Others); Type (Extra Heavy Duty, Heavy Duty, Light Duty); Product Type (Chemical Absorbent Pads, Hazmat Absorbent Pads, Oil Absorbent Pads, Universal Absorbent Pads); End User (Food & Agriculture, Oil & Gas, Medical, Others), and Geography

Super Absorbent Polymer Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Natural, Synthetic); Application (Personal Care, Healthcare, Agriculture and Horticulture, Others,); Production Method (Suspension Polymerization, Solution Polymerization, Gel Polymerization)

Absorbent Glass Mat (AGM) Battery Market to 2028 - Global Analysis and Forecasts by Voltage (2-4 V, 6-8 V, 12 V and above); Application (Energy Storage, Automotive, Industrial, UPS, Others); End User (OEM, Aftermarket) and Geography

Polyacrylamide Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Anionic, Cationic, and Non-Ionic), Form (Powdered and Liquid), and End-Use (Water and Wastewater Treatment, Industrial Wastewater, Pulp and Paper Manufacturing, Oil and Gas, Mining Industry, and Others)

Industrial Cleaning Equipment Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Equipment Type (Pressure Washers, Steam Cleaners, Scrubber Dryers, Centralised Cleaning Systems, Others); Product (General Cleaners, Metal Cleaners, Dishwashers); Application (Manufacturing, Healthcare, Retail, Hotels, Others) and Geography

Commercial Floor Cleaning Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Floor Scrubbers, Vacuum Cleaners, Sweeper, Others); End User (Retail and Hospitality, Transportation and Travel, Healthcare, Education, Government, Others) and Geography

Absorbent Tray Liners Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material type (Paper, Fabric); Basis of thickness (Up to 40 GSM, 40-70 GSM, 70-90 GSM, 90-110 GSM); End User (Pharmaceutical Industry and Healthcare Industry, Food packaging industry, Meat poultry and sea food, Others)

Allround Windsurf Booms Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type (Fibre, Alloy, Others); Application (Longboards, Shortboards) and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Press Release:

Industry Research: