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Industrial Absorbents Market Trends

Report ID: GMI8386
Published Date: Mar 2024
Report Format: PDF

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Industrial Absorbents Market Trends

The rising demand for eco-friendly industrial absorbents is due to increasing environmental issues and regulation concerns. Companies are seeking absorbents that are biodegradable, non-toxic, and sustainable to minimize the environmental impacts. For instance, in September 2023, EarthSafe, a provider of eco-friendly industrial cleaning solutions, expanded its portfolio with the introduction of a new line of high-efficiency absorbents centered around its FlashDry coir absorbent.

With the increasing awareness of waste management and sustainability, there is a trend toward reusable and recyclable absorbent products. Companies are seeking absorbents that can be reused multiple times or recycled after use to decrease waste generation and environmental impacts, contributing to conservation efforts. Advancement in material science and product design have made possible the development of reusable absorbent products that offer superior performance to disposable alternatives.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industrial absorbents industry size surpassed USD 4.5 billion in 2023 and is expected to witness over 4% CAGR from 2024 to 2032, due to strict environmental protection and waste management and policies requiring businesses to adopt practices and products.

Industrial absorbents market from the natural material segment may strike a CAGR of over 5% between 2024 and 2032, with the increasing awareness and concerns regarding the environmental effects of conventional absorbent materials.

Asia Pacific industrial absorbent industry size is anticipated to record over 5% CAGR from 2024 to 2032, driven by the presence of a large and diverse industrial base, with a wide range of industries requiring absorbent materials for spill containment, cleanup, and safety purposes in the region.

Some of the leading industrial absorbent firms are 3M, ANSELL LTD., Meltblown Technologies Inc., Johnson Matthey, EP Minerals, Brady Corporation, and New Pig Corporation.