Industrial Absorbents (Natural Organic, Inorganic, Synthetic) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Industrial Absorbents Market by Material Type (Natural Organic, Inorganic, Synthetic), Product (Pads, Rolls, Booms, Socks), Type (Universal, Oil-only, HAZMAT), End-use Industry (Oil & Gas, Chemical, Food Processing), Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
Growing environmental concerns and regulations regarding liquid spills are expected to drive the overall growth of the industrial absorbents market.
The industrial absorbents market size is expected to grow from USD 3.7 billion in 2018 to USD 4.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period.
The industrial absorbents market is driven by various factors, such as the growing environmental concerns and regulations regarding oil and chemical spills. However, the availability of cost-effective substitutes of industrial absorbents can hinder the growth of the market.
The industrial absorbents market comprises 3M Company (US), Brady Corporation (US), Decorus Europe Ltd. (UK), Johnson Matthey Plc (UK), Kimberly-Clark Professional (US), Meltblown Technologies Inc. (US), Monarch Green, Inc. (US), New Pig Corporation (US), and Oil-Dri Corporation of America (US).
The study includes an in-depth competitive analysis of these market players, along with their company profiles, recent developments, and key market strategies.
DriversGrowing Environmental Concerns and Regulations Regarding Oil and Chemical Spills on the Environment
RestraintsSaturation and Buoyancy of Industrial Absorbent Products Availability of Cost-Effective Substitutes of Industrial Absorbents
OpportunitiesGrowth Opportunity for Reusable Industrial Absorbent Products Challenges Reducing Large Oil Spills
Macroeconomic IndicatorsOil & Gas Chemicals & Petrochemicals
Companies MentionedAbsorbent Products Ltd. Ansell Limited Asa Environmental Products Inc. Brady Corporation Chemtex DecorUS Europe Ltd. EP Minerals GEI Works Jaycot Industries Johnson Matthey Plc Kimberly-Clark Professional M Company Meltblown Technologies Inc. Monarch Green, Inc. New Pig Corporation Oil-Dri Corporation of America Share Corporation Tolsa Group UES Promura
For more information about this report visit https://www.researchandmarkets.com/research/xcf9dg/industrial?w=4
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Related Topics:Oilfield Equipment and Services
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 12/14/2018 04:44 AM/DISC: 12/14/2018 04:44 AM