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Asia Pacific Industrial Absorbents Market Forecast to 2028 - Regional Analysis - by Product Type (Pads, Rolls, Pillows, Booms, Socks, and Others), Type (Universal, Oil-Only, and Hazmat/Chemical), and End-Use Industry (Oil and Gas, Chemical, Food Processin

Publisher The Insight Partners
Published Jun 09, 2023
Length 113 Pages
SKU # TIP18215630

Description

Asia Pacific Industrial Absorbents Market Forecast to 2028- Regional Analysis- by Product Type (Pads, Rolls, Pillows, Booms, Socks, and Others), Type (Universal, Oil-Only, and Hazmat/Chemical), and End-Use Industry (Oil and Gas, Chemical, Food Processing, Healthcare, Automotive, and Others)


The Asia Pacific industrial absorbents market is expected to grow from US$ 1,356.50 million in 2022 to US$ 1,851.54 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Increased Use in Different End-Use Industries Drives Asia Pacific Industrial Absorbents Market

Oil & gas, chemicals, food processing, healthcare, and personal care industries are among the major end users of industrial absorbents. They are used to clean large- and small-scale oil spills in the oil & gas industry. Accidental spillage of oil due to fuel discharge during oil processing, leakage through large-scale offshore petroleum units, mishaps during oil drilling, and oil transportation through oceanic routes can prove as a severe threat to the surrounding environment. Oil spillage worsens the water quality and adversely affects the aquatic ecosystem. A surge in the incidents of oil spillage triggers the demand for industrial absorbents in the oil & gas industry. In the chemicals industry, a chemical spill generally occurs while transporting stored chemicals. Industrial absorbents are broadly used for cleaning such hazardous chemicals. Companies in the Asia Pacific industrial absorbents market are capitalizing on research and development to develop absorbents that soak petroleum products. In the food processing industry, absorbents are used to prevent food ingredients such as meat, fish, or poultry from drying out during storage or transportation while retaining the original flavor and appearance of the product. Therefore, the rising use of industrial absorbents in various end-use industries contributes to market growth.

Asia Pacific Industrial Absorbents Market Overview

Australia, China, India, Japan, and South Korea are the key contributors to the Asia Pacific industrial absorbents market in Asia Pacific. This region has been noticed as one of the prominent markets for the utilization of industrial absorbents owing to growth in chemical, healthcare, food processing, and other sectors. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. The rise in foreign direct investments also leads to regional economic growth, further bolstering industrialization in the region. High demand for industrial absorbents from manufacturing, food processing, chemical, healthcare, and oil & gas industries also drives the Asia Pacific industrial absorbents market in Asia Pacific. The chemical manufacturing industry is an important part of manufactured exports for several Asian nations, including China, South Korea, India, and Japan. Furthermore, the automobile industry in Asia Pacific has been witnessing healthy growth for the past few years. According to the International Organization of Motor Vehicle Manufacturers (OICA), the Asia-Oceania region's vehicle production increased from 44.2 million in 2020 to 46.7 million vehicles in 2021. The strong growth of the automotive industry in countries such as China, India, Japan, and South Korea further fuels the Asia Pacific industrial absorbents market growth.

Exhibit: Asia Pacific Industrial Absorbents Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Industrial Absorbents Market Segmentation

The Asia Pacific industrial absorbents market is segmented into product type, type, end-use industry, and country.

Based on product type, the Asia Pacific industrial absorbents market is segmented into pads, rolls, pillows, booms, socks, and others. In 2022, the booms segment registered a largest share in the Asia Pacific industrial absorbents market.

Based on type, the Asia Pacific industrial absorbents market is segmented into universal, oil-only, and hazmat/chemical. In 2022, the hazmat/chemical segment registered a largest share in the Asia Pacific industrial absorbents market.

Based on end-use industry, the Asia Pacific industrial absorbents market is segmented into oil and gas, chemical, food processing, healthcare, automotive, and others. In 2022, the oil and gas segment registered a largest share in the Asia Pacific industrial absorbents market.

Based on country, the Asia Pacific industrial absorbents market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific industrial absorbents market.

3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltblown Technologies Inc, Oil-Dri Corp of America are the leading companies operating in the Asia Pacific industrial absorbents market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific industrial absorbents market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific industrial absorbents market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the industrial absorbents market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Table of Contents

113 Pages
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Industrial Absorbents Market – By Product Type
1.3.2 Asia Pacific Industrial Absorbents Market – By Type
1.3.3 Asia Pacific Industrial Absorbents Market – End-Use Industry
1.3.4 Asia Pacific Industrial Absorbents Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Industrial Absorbents Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Industrial Absorbents Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increased Use in Different End-Use Industries
5.1.2 Growing Environmental Concerns Concerning Chemical and Oil Spills
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Proliferation of Oil & Gas and Chemicals Industries in Developing Economies
5.4 Future Trends
5.4.1 Biodegradable Absorbents
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Absorbents – Asia Pacific Market Analysis
6.1 Asia Pacific Industrial Absorbents Market Forecast and Analysis
7. Asia Pacific Industrial Absorbents Market Analysis – By Product Type
7.1 Overview
7.2 Asia Pacific Industrial Absorbents Market, By Product Type (2021 and 2028)
7.2.1 Pads
7.2.1.1 Overview
7.2.1.2 Pads: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.2 Rolls
7.2.2.1 Overview
7.2.2.2 Rolls: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Pillows
7.2.3.1 Overview
7.2.3.2 Pillows: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Booms
7.2.4.1 Overview
7.2.4.2 Booms: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.5 Socks
7.2.5.1 Overview
7.2.5.2 Socks: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.6 Others
7.2.6.1 Overview
7.2.6.2 Others: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8. Asia Pacific Industrial Absorbents Market Analysis – By Type
8.1 Overview
8.2 Asia Pacific Industrial Absorbents Market, By Type (2021 and 2028)
8.3 Universal
8.3.1 Overview
8.3.2 Universal: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Oil-Only
8.4.1 Overview
8.4.2 Oil-Only: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Hazmat/Chemical
8.5.1 Overview
8.5.2 Hazmat/Chemical: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9. Asia Pacific Industrial Absorbents Market Analysis – By End-Use Industry
9.1 Overview
9.2 Asia Pacific Industrial Absorbents Market, By End-Use Industry (2021 and 2028)
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Chemical
9.4.1 Overview
9.4.2 Chemical: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Food Processing
9.5.1 Overview
9.5.2 Food Processing: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Automotive
9.7.1 Overview
9.7.2 Automotive: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others: Asia Pacific Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
10. Asia Pacific Industrial Absorbents Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Industrial Absorbents Market, by Key Country
10.1.1.1 Australia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Industrial Absorbents Market, by Product Type
10.1.1.1.2 Australia: Industrial Absorbents Market, by Type
10.1.1.1.3 Australia: Industrial Absorbents Market, by End-Use Industry
10.1.1.2 China: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Industrial Absorbents Market, by Product Type
10.1.1.2.2 China: Industrial Absorbents Market, by Type
10.1.1.2.3 China: Industrial Absorbents Market, by End-Use Industry
10.1.1.3 India: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Industrial Absorbents Market, by Product Type
10.1.1.3.2 India: Industrial Absorbents Market, by Type
10.1.1.3.3 India: Industrial Absorbents Market, by End-Use Industry
10.1.1.4 Japan: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Industrial Absorbents Market, by Product Type
10.1.1.4.2 Japan: Industrial Absorbents Market, by Type
10.1.1.4.3 Japan: Industrial Absorbents Market, by End-Use Industry
10.1.1.5 South Korea: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Industrial Absorbents Market, by Product Type
10.1.1.5.2 South Korea: Industrial Absorbents Market, by Type
10.1.1.5.3 South Korea: Industrial Absorbents Market, by End-Use Industry
10.1.1.6 Rest of Asia Pacific: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Industrial Absorbents Market, by Product Type
10.1.1.6.2 Rest of Asia Pacific: Industrial Absorbents Market, by Type
10.1.1.6.3 Rest of Asia Pacific: Industrial Absorbents Market, by End-Use Industry
11. Company Profiles
11.1 3M Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Ansell Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Brady Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Decorus Europe Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Meltblown Technologies Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Oil-Dri Corp of America
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Industrial Absorbents Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Australia Industrial Absorbents Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Asia Pacific Industrial Absorbents Market
LIST OF FIGURES
Figure 1. Asia Pacific Industrial Absorbents Market Segmentation
Figure 2. Asia Pacific Industrial Absorbents Market Segmentation – By Country
Figure 3. Asia Pacific Industrial Absorbents Market Overview
Figure 4. Hazmat/Chemical Segment Holds the Largest Share
Figure 5. China Held Largest Share of Industrial Absorbents Market in 2021
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Industrial Absorbents Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Industrial Absorbents Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Industrial Absorbents Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 11. Asia Pacific Industrial Absorbents Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Pads: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Rolls: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Pillows: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Booms: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Socks: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Others: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Asia Pacific Industrial Absorbents Market Revenue Share, By Type (2021 and 2028)
Figure 19. Universal: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Oil-Only: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Hazmat/Chemical: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Asia Pacific Industrial Absorbents Market Revenue Share, By End-Use Industry (2021 and 2028)
Figure 23. Oil and Gas: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Chemical: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Food Processing: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Healthcare: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Automotive: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Others: Asia Pacific Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. Asia Pacific: Industrial Absorbents Market, by Key Country - Revenue (2021) (US$ Million)
Figure 30. Asia Pacific: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Australia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. China: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Japan: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Asia Pacific: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)

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