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Industrial Absorbents (Natural Organic, Inorganic, Synthetic) Market - Global Forecast to 2023 - ResearchAndMarkets.com

December 14, 2018

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.

Market Dynamics

Drivers

Growing Environmental Concerns and Regulations Regarding Oil and Chemical Spills on the Environment

Restraints

Saturation and Buoyancy of Industrial Absorbent Products Availability of Cost-Effective Substitutes of Industrial Absorbents

Opportunities

Growth Opportunity for Reusable Industrial Absorbent Products Challenges Reducing Large Oil Spills

Macroeconomic Indicators

Oil & Gas Chemicals & Petrochemicals

Companies Mentioned

Absorbent 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

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/14/2018 04:44 AM/DISC: 12/14/2018 04:44 AM

http://www.businesswire.com/news/home/20181214005111/en

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