The market for industrial absorbents is expected to grow from USD 3.7 billion in 2018 to USD 4.7 billion by 2023, The study involved four major activities to estimate the current market size for industrial absorbents. Exhaustive secondary research was done to collect information on the market, peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Browse 74 market data Tables and 53 Figures spread through 132 Pages and in-depth TOC on “Industrial Absorbents Market”.

New Pig Corporation is engaged in the manufacture and sales of absorbent-based spill control products. The company is one of the leading players in the industrial absorbents market. It company offers a wide range of spill control products. New Pig Corporation also has a strong online presence, which makes it more competitive in the industrial absorbents market. The company is focused on the development of new products to sustain in the fragmented market for spill control products. For example, in 2017, it introduced the PIG Forklift Spill Kit for forklift truck and tow motors. This strategy helped the company strengthen its product portfolio for the industrial absorbents market.

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3M Company is one of the leading players in the industrial absorbents market. The company has a significant geographic presence with major focus on the US market for industrial absorbents. Over the last few years, the company has significantly invested in the research and development of products, which contributes about 6% of the total revenue of the company in 2017.

Oil-Dri Corporation of America is one of the market leaders in the development, manufacture, and distribution of sorbent products. It is a leading manufacturer and supplier of clay granular absorbents. In addition, the company offers polypropylene and recycled cotton-based absorbents. The industrial absorbents products are used in industrial and automotive applications. The company is also focusing on synthetic absorbents for industrial applications. Oil-Dri Corporation company can expand its product portfolio in end-use industries such as oil & gas and chemicals, which are the important markets for industrial absorbents.

Brady Corporation is engaged in the manufacture and distribution of specialty materials and identification solutions. It has a substantial geographic spread covering the major and emerging markets for industrial absorbents products. The company offers exhaustive product portfolio under its Brady SPC brand. It has low focus and business generation from regions such as Europe, Asia Pacific, and Middle East & Africa, which are the important markets for industrial absorbents

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.

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