Industrial Absorbents Market to Register Substantial Expansion by 2026 - PowerPoint PPT Presentation

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Industrial Absorbents Market to Register Substantial Expansion by 2026


Industrial Absorbents Market to Register Substantial Expansion by 2026 – PowerPoint PPT presentation

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Title: Industrial Absorbents Market to Register Substantial Expansion by 2026

Industrial Absorbents Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
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Global Industrial Absorbents Market Key
  • According to a report published by the U.S.
    National Oceanic and Atmospheric Administration
    (NOAA) in 2018, around 137 oil spills occurred
    during 2018, which implied approximately 11
    spills per month. The consumption of industrial
    absorbents is directly proportional to the number
    of oil spills.
  • In terms of demand, Asia Pacific led the
    global industrial absorbents market in 2018, and
    the trend is anticipated to continue
    from 2019 and 2027. The oil gas industry in
    Asia Pacific is projected to expand at a CAGR of
    nearly 4 during the forecast period.
  • The demand for industrial absorbents in China is
    projected to rise at a CAGR of 4 from 2019 and 2

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Global Industrial Absorbents Market Key Drivers
and Opportunities
  • The demand for industrial absorbents has
    increased over the last few years. The trend is
    expected to continue during the forecast period
    also. This growth can be attributed to rise in
    the incidence of oil and fuel spills in waters
    and on land.
  • Major players operating in the global industrial
    absorbents market, such as 3M Company, Brady
    Corporation, and Oil-Dri Corporation of America,
    are expanding their presence in Asia Pacific in
    order to tap immense opportunities in the region.
  • Growing environment-related regulations about
    oil and chemical spills at workplaces is one of
    the key factors boosting the global industrial
    absorbents market.
  • The use of industrial absorbents aids in
    complying with various state and federal
    regulations, such as the OSHA regulation.

Asia Pacific to be Highly Lucrative Region of
Global Industrial Absorbents Market
  • In terms of value, North America held a major,
    i.e. more than 35 share of the global industrial
    absorbents market in 2018.
  • Expanding oil gas industry and rising demand
    for oil spill absorbent products are major
    factors anticipated to drive the industrial
    absorbents market in Asia Pacific during forecast
  • Rising environment-related awareness and
    stringent government regulations regarding
    workplace safety and discharge of industrial
    effluents are the key factors propelling the
    demand for industrial absorbents across the
  • The industrial absorbents market in Asia Pacific
    is anticipated to expand at a high CAGR during
    the forecast period. 

Global Industrial Absorbents Market Competition
  • 3M Company
  • Brady CorporationOil-Dri Corporation of America
  • Ansell
  • EP Minerals
  • Johnson Matthey
  • Meltblown Technologies
  • Chemtex Inc.
  • Absorbent Products Ltd.
  • Monarch Green, Inc.

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