Absorbent Pads Market - Forecasts From 2019 To 2024

Description

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