The report "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), and Region - Global Forecast to 2023" .

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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) are the leading manufacturers of industrial absorbents, globally.

Key Questions Addressed by the Report
• What are the future revenue pockets for the industrial absorbents market?
• Which key developments are expected to have a long-term impact on the industrial absorbents market?
• How is the current regulatory framework expected to impact the industrial absorbents market?
• What will be the future product mix of the industrial absorbents market?
• What are the prime strategies of leaders in the industrial absorbents market?

By end-use industry, chemical is expected to be one of the fastest-growing segments during the forecast period.
Chemicals are hazardous materials and can cause severe harm to humans or environment if accidentally released or spilled in the environment. Chemical accidents usually occur during transportation of stored chemicals. Chemical manufacturers need to immediately respond to accidental spills that occur during manufacturing processes to minimize the impact of spills on the environment. Furthermore, regions such as North America and Europe have stringent norms with respect to chemicals and spill response. All these factors have fueled the growth of the industrial absorbents market in the chemical end-use industry.

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“North America is expected to hold the largest market share of the industrial absorbents market during the forecast period.”
North America is estimated to account for the largest share of the market in 2018. The region is an established market for industrial absorbents owing to the stringent regulations framed by environmental bodies such as the EPA for spill control, particularly in oil & gas and chemical end-use industries. In addition, the US and Canada are among the largest producers and consumers of oil & gas products, wherein industrial absorbent products are used to control and remediate spills caused during oil & gas production and distribution activities. This factor has fuelled the growth of the industrial absorbents market in North America.

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