Absorbent Pads Market Analysis and Opportunities by 2027
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027Absorbent Pads Market to 2027 - Global Analysis and Forecasts by Material (Fiber, Paper, Polyethylene, Polypropylene, Others); Type (Extra Heavy Duty, Heavy Duty, Light Duty); Product Type (Chemical Absorbent Pads, Hazmat Absorbent Pads, Oil Absorbent Pads, Universal Absorbent Pads); End User (Food & Agriculture, Oil & Gas, Medical, Others), and Geography
- Report Date : Sep 2019
- Report Code : TIPRE00006581
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 176
AI overview of Absorbent Pads Market
The Absorbent Pads Market is poised for significant growth, projected to reach a market size of US$ 3 billion by 2027, up from US$ 1.98 billion in 2018, reflecting a robust CAGR of 4.9% from 2018 to 2027. This growth is driven by increasing demand in healthcare and hygiene sectors, alongside a rising need for high-absorption materials. Key segments include chemical, hazmat, and oil absorbent pads, catering to diverse end users such as food & agriculture, oil & gas, and medical industries. Notably, the market is witnessing a shift towards eco-friendly absorbent pads, highlighting innovation in materials as a crucial trend. The Absorbent Pads Market Report provides a comprehensive analysis of these dynamics, offering insights into market share and future opportunities.
The absorbent pads market is expected to reach US$ 3,001.49 Mn in 2027 from US$ 1,978.51 in 2018. The market is estimated to grow with a CAGR of 4.9% from 2019-2027.
The growth of absorbent pads market is driven by factors such as, benefits offered by absorbent pads, growing environmental concerns with respect to chemical and oil spills are likely to boost the market over the years. In addition, the risk of diseases caused with the use of absorbent pads is likely to hinder the growth of the absorbent pads testing market in the coming years.
In 2018, North America accounted for the highest share in the global Absorbent Pads Market. The growth of the absorbent pads market in this region is primarily attributed to the growing awareness about the benefits offered by absorbent pads. Different types of absorbent pads for oil spills, chemical spills have also favored the rise of the absorbent pads market in North America. The easy availability of absorbent pads and presence of major market players expands the absorbent pads market in North America.
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Absorbent Pads Market: Strategic Insights
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Absorbent Pads Market: Strategic Insights
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Market Insights
Advantages offered by absorbent pads
Spills and leaks of oil, chemicals and other liquids are inevitable in almost all the workplaces, where fuels are used. The conventional and historic ways for taking action over these spills prevailed only after they occurred. With the new advancements in industrial sectors, absorbent pads now help to change the conceptions. These absorbent pads offer numerous advantages across multiple industrial sectors that include automotive, medical, biotechnology, food and beverages, agriculture and others. The absorbent pads are one of the most cost-efficient and economical solution for usage and waste disposal of liquid-containing materials. These pads are commercially available with varying absorption capacities that caters to the specific demands of the end products. The development in textiles have led to making use of materials used in absorbent pads that causes no health risks and are environment friendly. For instance, polypropylene and polyester absorbents offer several advantages over messy, labor-intensive, first-generation absorbents. Typical industrial use is to simply place a pad below a leaky piece of equipment or on top of a spill, where they absorb the oil and prevent the oil from migrating on the shop floor to create a “slip-and-fall” hazard. On the other hand, Polypropylene pads are readily available and relatively inexpensive. These pads are clean and easy to store. Moreover, polypropylene is very resistant to absorbing moisture, which makes them ideal for use spills on the water. In case of absorbent pads designed for food packaging, liquids and moisture released from food materials is sealed inside the pads for a prolonged period of time that helps to increase the shelf life of the foods. Thus, the numerous advantages offered by absorbent pads is likely to increase their use across industries bolstering the market growth.
Material Insights
The absorbent pads market based on material has been segmented into fiber, paper, polyethylene, polypropylene and others. In 2018, the fiber segment accounted for the largest share in the global absorbent pads market. The absorbent pads are composed of fibers that are capable of absorbing gas or liquid components. The fiber absorbent pads are used to clean up the spills in automotive sector. The growing automotive sector across the world is likely to enhance the fiber segment during the forecast period..
Product Type Insights
The absorbent pads market based on product type is segmented into chemical absorbent pads, hazmat absorbent pads, oil absorbent pads and universal absorbent pads. In 2018, the universal absorbent pads segment accounted for the largest share in the global absorbent pads market. Universal absorbent pads are used to clear oils, water, or any other liquid. These are used in various setups like factories, laboratories, garages, and others. Thus the wide range of application of universal absorbent pads plays a vital role in the global expansion of growth of the absorbent pads market.
End User Insights
The absorbent pads market based on product type is segmented into food & agriculture, oil & gas, medical and others. In 2018, the food & agriculture segment accounted for the largest share in the global absorbent pads market. Food and agriculture use absorbent pads in food packaging as the absorbent pad absorbs the water dripping from the food stuff which thereby maintains hygiene and prevents food spoilage. Furthermore, the growing food and agriculture industry is expected to drive the absorbent pad market during the forecast period..
Absorbent Pads Market Regional Insights
The regional trends and factors influencing the Absorbent Pads Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Absorbent Pads Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Absorbent Pads Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 1.98 Billion |
| Market Size by 2027 | US$ 3 Billion |
| Global CAGR (2018 - 2027) | 4.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Absorbent Pads Market Players Density: Understanding Its Impact on Business Dynamics
The Absorbent Pads Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
- Get the Absorbent Pads Market top key players overview
3M Company; Brady Corporation; Gelok International; Novipax LLC and Pactiv LLC, are amongst others are the key players present in the global absorbent pads market. These companies are implementing new product development and mergers and acquisition strategies to enlarge the customer base and gain significant market share across the world, which, in turn permit the players to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the global absorbent pads market help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global absorbent pads market from 2017 to 2027
- Estimation of global absorbent pads demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global absorbent pads demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global absorbent pads market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global absorbent pads market growth
- Global absorbent pads market size at various nodes of market
- Detailed overview and segmentation of the global absorbent pads market, as well as its dynamics in the industry
- Global absorbent pads market size in various regions with promising growth opportunities
Global Absorbent Pads Market – By Material
- Fiber
- Paper
- Polyethylene
- Polypropylene
- Others
Global Absorbent Pads Market, by Type
- Extra Heavy Duty
- Heavy Duty
- Light Duty Others
Global Absorbent Pads Market, by Product Type
- Chemical Absorbent Pads
- Hazmat Absorbent Pads
- Oil Absorbent Pads
- Universal Absorbent Pads
Global Absorbent Pads Market, by End User
- Food & Agriculture
- Oil & Gas
- Medical
- Others
Company Profiles
- 3M COMPANY
- BRADY CORPORATION
- CELLCOMB AB
- COCOPAC LIMITED
- GELOK INTERNATIONAL
- NOVIPAX LLC
- PACTIV LLC
- SIRANE LTD
- TRICO CORPORATION
- W. DIMER GMBH
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies
- 3M COMPANY
- BRADY CORPORATION
- CELLCOMB AB
- COCOPAC LIMITED
- GELOK INTERNATIONAL CORPORATION
- NOVIPAX LLC
- PACTIV LLC
- SIRANE LTD
- TRICO CORPORATION
- W. DIMER GMBH
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