Global absorbent pads market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Simultaneously, the estimated volume of absorbent pads is expected to increase from XX metric tonnes in 2018 to XX metric tonnes in 2024. Absorbent pads are used for cleaning up of leaks and spillage of products during handling and storage. Key industries driving the demand for absorbent pads are Oil & Gas, Food, Healthcare and chemical among others. Increasing demand for absorbent pads in the meat industry owing to its properties of absorbing water and maintaining the hygiene is expected to drive the market for absorbent pads. Further increasing environmental concerns regarding oil and chemical spillage is further expected to drive the market during the forecast period. However, presence of substitutes is expected to hinder the market from growing to its full potential.
DRIVERS
Increasing environmental concerns regarding spillage of chemicals
RESTRAINTS
Availabilty of substitutes
The major players profiled in the absorbent pads market include Novipax LLC, Trico Corporation, Azapak, Oil-Dri Corporation of America, Fentex Ltd, Gelok International, Meltblown Technologies Inc., ESP US, Sirane Limited, Cellcomb AB, CoCopac Limited, 3M
Segmentation
The absorbent pad market has been analyzed through the following segments:
By type
Oil Absorbent Pads
Universal Absorbent Pads
Chemical Absorbent Pads
By Material type
Cellulose
Paper
Polypropylene
Others
By End-Use
Food and agriculture
Chemical
Oil & Gas
Healthcare
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Target audience
Manufacturers
Suppliers
Distributors
Service Providers
Government Agencies
Research Organizations
Consultants
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