The industrial absorbents market is expected to grow from US$ 3,850.41 million in 2022 to US$ 5,085.36 million by 2028; it is estimated to register a CAGR of 4.7% from 2022 to 2028.
Industrial absorbents are a mixture of materials that are insoluble in nature. Absorbents are used in various industries for managing chemical and oil spills. In the food processing industry, industrial absorbents are used to preserve food ingredients such as meat, fish, or poultry from drying out during storage or transportation while maintaining the original flavor and appearance of the product.
The industrial absorbents market is segmented into five major regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2022, Asia Pacific held the largest market share, and it is estimated to register the highest CAGR during the forecast period. High demand for industrial absorbents from manufacturing, food processing, chemical, healthcare, and oil & gas industries favors the growth of the industrial absorbents market in Asia Pacific. The chemical manufacturing industry accounts for a notable share of manufactured exports in several Asian countries, 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 flourishing automotive industry in countries such as China, India, Japan, and South Korea fuels the industrial absorbents market growth.
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Industrial Absorbents Market: Strategic Insights
Market Size Value in US$ 3,850.41 million in 2022 Market Size Value by US$ 5,085.36 million by 2028 Growth rate CAGR of 4.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Industrial Absorbents Market: Strategic Insights
| Market Size Value in | US$ 3,850.41 million in 2022 |
| Market Size Value by | US$ 5,085.36 million by 2028 |
| Growth rate | CAGR of 4.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Industrial Absorbents Market
Before the COVID-19 pandemic, the industrial absorbents market was mainly driven by industries such as food processing, oil & gas, chemical, automotive, and healthcare. Absorbents are substances or materials that can absorb a liquid substance, and they are used to manage spillage or discharges of oils, hydrocarbons, fuels, used oils, and naphthalene and acenaphthene, among others, which can pollute the environment. In 2020, various industries had to slow down their operations due to disruptions in supply chains caused by the shutdown of national and international borders. The pandemic hampered manufacturing processes due to restrictions imposed by government authorities in various countries. The pandemic also caused fluctuations in the prices of raw materials. The pandemic caused a historic decline in global oil demand. The oil demand-supply imbalance occurred in tandem with the declining need for chemicals and refined products stemming from industrial slowdown and travel restrictions due to the pandemic. Large oil & gas companies responded by cutting capital and operational expenditure. All these factors negatively impacted the demand for industrial absorbents.
However, in 2021, the demand for industrial absorbents surged in various end-use industries due to the increased incidences of oil and chemical spills. For instance, according to the International Tanker Owners Pollution Federation Limited, six oil spills of over 7.7 tons were recorded from tanker incidents in 2021, slightly higher than incidences in 2020. In 2021, the economies started reviving as various industries resumed business activities. As a result, several industries, including oil & gas, food processing, and chemicals, showed signs of recovery in their operations. Various industries are also overcoming the challenges of supply chain disruptions of their raw materials. With such a promising recovery, the global industrial sector is expected to provide the impetus for the industrial absorbents market growth in the coming years.
Industrial Absorbents Market Breakdown, by Region
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Market Insights
Strategic Developments by Key Players Favor Industrial Absorbents Market Growth
In November 2022, Cellcomb, a subsidiary of Paper Province Company, launched a cellulose-based pad that effectively absorbs liquids from fresh foods (such as meat, fish, and poultry) packaging. Such strategic developments by key players are expected to bolster the industrial absorbents market growth. In addition, a few key players are involved in strategies such as mergers and acquisitions to expand their geographic presence.
Type-Based Insights
Based on type, the industrial absorbents market is segmented into universal, oil-only, and hazmat/chemical. The oil-only segment is expected to register the highest CAGR during the forecast period. Oil-only absorbents have the unique characteristic of repelling water, and absorbing oils and fuels selectively. As these absorbents float on the water, they are extremely effective in cleaning marine oil spills. These are used in areas where frequent oil leaks, spills, or ruptures occur—such as warehouses; automotive and marine workshops; and facilities that use, store, or dispose of oils or oil-based liquids. These absorbents work faster and last longer to offer cost-effective spill control. Oil absorbents are used to absorb motor oil leaks or any small spill near machinery with convenience, in turn, allowing users to keep workplaces clean and safe.
Industrial Absorbents Market, by Type – 2022 and 2028
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End-Use Industry-Based Insights
Based on end-use industry, the industrial absorbents market is divided into oil & gas, chemical, food processing, healthcare, automotive, and others. The chemical segment is expected to register the highest CAGR during the forecast period. Industrial absorbents such as diatomaceous and sepiolite earth are an important part of the chemical industry as they help absorb chemicals spilled during manufacturing or transportation and minimize the impact of spills on the environment.
3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltdown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, and Tolsa SA are among the major players operating in the industrial absorbents market. These companies mainly focus on product innovation to expand their market share and follow emerging market trends.
Report Spotlights
- Progressive industry trends in the industrial absorbents market to help companies develop effective long-term strategies
- Business growth strategies adopted by market players in developed and developing countries
- Quantitative analysis of the industrial absorbents market from 2020 to 2028
- Estimation of global demand for industrial absorbents
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industrial absorbents industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the industrial absorbents market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the industrial absorbents market at various nodes
- Detailed overview and segmentation of the market and growth dynamics of the industrial absorbents industry
- Size of the industrial absorbents market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Type, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Some of the major players operating in the industrial absorbents market are 3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltdown Technologies Inc, Oil-Dri Corp of America, Schoeller Industries GmbH, Fentex Ltd, Complete Environmental Products Inc, and Tolsa SA.
In 2022, Asia Pacific accounted for the largest share of the global industrial absorbents market. The Asia Pacific region has been noticed as one of the prominent markets for the 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. All these factors led to the dominance of Asia Pacific in 2022.
In 2022, the booms segment held the largest market share. Absorbent booms help to concentrate oil in thicker surface layers so that vacuums, skimmers, or other collection methods can be used more efficiently. As booms are resistant to acids and hydrocarbon fluids, they are widely used in the oil & gas industry. Moreover, absorbent booms absorb water-based fluids to efficiently contain hydrocarbon fluids like vegetable oils, diesel, and hydraulic oils. These factors led to the dominance of the booms segment in 2022.
In 2022, the hazmat/chemical segment held the largest market share. Hazmat/chemical absorbent is used to handle and clean up spills of acids, bases, paints, unknown liquids, corrosive and hazardous chemicals. Furthermore, regulations related to chemical spills led to the dominance of hazmat/chemical segment in 2022.
During the forecast period, the chemical segment is expected to be the fastest-growing segment. Industrial absorbents such as diatomaceous and sepiolite earth are an important part of the chemical industry as they help absorb chemicals spilled during manufacturing or transportation and minimize the impact of spills on the environment. The chemical industry is expanding rapidly worldwide, driving the market growth.
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. All these factors are driving the industrial absorbents market growth.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Industrial Absorbents Market – By Product Type
1.3.2 Global Industrial Absorbents Market – By Type
1.3.3 Global Industrial Absorbents Market – End-Use Industry
1.3.4 Global Industrial Absorbents Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Absorbents Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. 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 – Global Market Analysis
6.1 Global Industrial Absorbents Market Overview
6.2 Industrial Absorbents Market Forecast and Analysis
6.3 Market Positioning – Key Market Players
7. Industrial Absorbents Market Analysis – By Product Type
7.1 Overview
7.2 Industrial Absorbents Market, By Product Type (2021 and 2028)
7.2.1 Pads
7.2.1.1 Overview
7.2.1.2 Pads: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.2 Rolls
7.2.2.1 Overview
7.2.2.2 Rolls: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Pillows
7.2.3.1 Overview
7.2.3.2 Pillows: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.4 Booms
7.2.4.1 Overview
7.2.4.2 Booms: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.5 Socks
7.2.5.1 Overview
7.2.5.2 Socks: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
7.2.6 Others
7.2.6.1 Overview
7.2.6.2 Others: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8. Industrial Absorbents Market Analysis – By Type
8.1 Overview
8.2 Industrial Absorbents Market, By Type (2021 and 2028)
8.3 Universal
8.3.1 Overview
8.3.2 Universal: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Oil-Only
8.4.1 Overview
8.4.2 Oil-Only: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Hazmat/Chemical
8.5.1 Overview
8.5.2 Hazmat/Chemical: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9. Industrial Absorbents Market Analysis – By End-Use Industry
9.1 Overview
9.2 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: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Chemical
9.4.1 Overview
9.4.2 Chemical: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Food Processing
9.5.1 Overview
9.5.2 Food Processing: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.7 Automotive
9.7.1 Overview
9.7.2 Automotive: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 Others: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
10. Industrial Absorbents Market – Geographic Analysis
10.1 Overview
10.2 North America: Industrial Absorbents Market
10.2.1 North America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Industrial Absorbents Market, By Product Type
10.2.3 North America: Industrial Absorbents Market, by Type
10.2.4 North America: Industrial Absorbents Market, by End-Use Industry
10.2.5 North America: Industrial Absorbents Market, by Key Country
10.2.5.1 US: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Industrial Absorbents Market, By Product Type
10.2.5.1.2 US: Industrial Absorbents Market, by Type
10.2.5.1.3 US: Industrial Absorbents Market, by End-Use Industry
10.2.5.2 Canada: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Industrial Absorbents Market, By Product Type
10.2.5.2.2 Canada: Industrial Absorbents Market, by Type
10.2.5.2.3 Canada: Industrial Absorbents Market, by End-Use Industry
10.2.5.3 Mexico: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Industrial Absorbents Market, By Product Type
10.2.5.3.2 Mexico: Industrial Absorbents Market, by Type
10.2.5.3.3 Mexico: Industrial Absorbents Market, by End-Use Industry
10.3 Europe: Industrial Absorbents Market
10.3.1 Europe: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Industrial Absorbents Market, By Product Type
10.3.3 Europe: Industrial Absorbents Market, by Type
10.3.4 Europe: Industrial Absorbents Market, by End-Use Industry
10.3.5 Europe: Industrial Absorbents Market, by Key Country
10.3.5.1 Germany: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Industrial Absorbents Market, By Product Type
10.3.5.1.2 Germany: Industrial Absorbents Market, by Type
10.3.5.1.3 Germany: Industrial Absorbents Market, by End-Use Industry
10.3.5.2 France: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Industrial Absorbents Market, By Product Type
10.3.5.2.2 France: Industrial Absorbents Market, by Type
10.3.5.2.3 France: Industrial Absorbents Market, by End-Use Industry
10.3.5.3 Italy: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Industrial Absorbents Market, By Product Type
10.3.5.3.2 Italy: Industrial Absorbents Market, by Type
10.3.5.3.3 Italy: Industrial Absorbents Market, by End-Use Industry
10.3.5.4 UK: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Industrial Absorbents Market, By Product Type
10.3.5.4.2 UK: Industrial Absorbents Market, by Type
10.3.5.4.3 UK: Industrial Absorbents Market, by End-Use Industry
10.3.5.5 Russia: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Industrial Absorbents Market, By Product Type
10.3.5.5.2 Russia: Industrial Absorbents Market, by Type
10.3.5.5.3 Russia: Industrial Absorbents Market, by End-Use Industry
10.3.5.6 Rest of Europe: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Industrial Absorbents Market, By Product Type
10.3.5.6.2 Rest of Europe: Industrial Absorbents Market, by Type
10.3.5.6.3 Rest of Europe: Industrial Absorbents Market, by End-Use Industry
10.4 Asia Pacific: Industrial Absorbents Market
10.4.1 Asia Pacific: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Industrial Absorbents Market, by Product Type
10.4.3 Asia Pacific: Industrial Absorbents Market, by Type
10.4.4 Asia Pacific: Industrial Absorbents Market, by End-Use Industry
10.4.5 Asia Pacific: Industrial Absorbents Market, by Key Country
10.4.5.1 Australia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Industrial Absorbents Market, by Product Type
10.4.5.1.2 Australia: Industrial Absorbents Market, by Type
10.4.5.1.3 Australia: Industrial Absorbents Market, by End-Use Industry
10.4.5.2 China: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Industrial Absorbents Market, by Product Type
10.4.5.2.2 China: Industrial Absorbents Market, by Type
10.4.5.2.3 China: Industrial Absorbents Market, by End-Use Industry
10.4.5.3 India: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Industrial Absorbents Market, by Product Type
10.4.5.3.2 India: Industrial Absorbents Market, by Type
10.4.5.3.3 India: Industrial Absorbents Market, by End-Use Industry
10.4.5.4 Japan: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Industrial Absorbents Market, by Product Type
10.4.5.4.2 Japan: Industrial Absorbents Market, by Type
10.4.5.4.3 Japan: Industrial Absorbents Market, by End-Use Industry
10.4.5.5 South Korea: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Industrial Absorbents Market, by Product Type
10.4.5.5.2 South Korea: Industrial Absorbents Market, by Type
10.4.5.5.3 South Korea: Industrial Absorbents Market, by End-Use Industry
10.4.5.6 Rest of Asia Pacific: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Industrial Absorbents Market, by Product Type
10.4.5.6.2 Rest of Asia Pacific: Industrial Absorbents Market, by Type
10.4.5.6.3 Rest of Asia Pacific: Industrial Absorbents Market, by End-Use Industry
10.5 Middle East & Africa: Industrial Absorbents Market
10.5.1 Middle East & Africa: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 Middle East & Africa: Industrial Absorbents Market, by Product Type
10.5.3 Middle East & Africa: Industrial Absorbents Market, by Type
10.5.4 Middle East & Africa: Industrial Absorbents Market, by End-Use Industry
10.5.5 Middle East & Africa: Industrial Absorbents Market, by Key Country
10.5.5.1 South Africa: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Industrial Absorbents Market, by Product Type
10.5.5.1.2 South Africa: Industrial Absorbents Market, by Type
10.5.5.1.3 South Africa: Industrial Absorbents Market, by End-Use Industry
10.5.5.2 Saudi Arabia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Industrial Absorbents Market, by Product Type
10.5.5.2.2 Saudi Arabia: Industrial Absorbents Market, by Type
10.5.5.2.3 Saudi Arabia: Industrial Absorbents Market, by End-Use Industry
10.5.5.3 UAE: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Industrial Absorbents Market, by Product Type
10.5.5.3.2 UAE: Industrial Absorbents Market, by Type
10.5.5.3.3 UAE: Industrial Absorbents Market, by End-Use Industry
10.5.5.4 Rest of Middle East & Africa: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of Middle East & Africa: Industrial Absorbents Market, by Product Type
10.5.5.4.2 Rest of Middle East & Africa: Industrial Absorbents Market, by Type
10.5.5.4.3 Rest of Middle East & Africa: Industrial Absorbents Market, by End-Use Industry
10.6 South & Central America: Industrial Absorbents Market
10.6.1 South & Central America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 South & Central America: Industrial Absorbents Market, by Product Type
10.6.3 South & Central America: Industrial Absorbents Market, by Type
10.6.4 South & Central America: Industrial Absorbents Market, by End-Use Industry
10.6.5 South & Central America: Industrial Absorbents Market, by Key Country
10.6.5.1 Brazil: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Industrial Absorbents Market, by Product Type
10.6.5.1.2 Brazil: Industrial Absorbents Market, by Type
10.6.5.1.3 Brazil: Industrial Absorbents Market, by End-Use Industry
10.6.5.2 Argentina: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Industrial Absorbents Market, by Product Type
10.6.5.2.2 Argentina: Industrial Absorbents Market, by Type
10.6.5.2.3 Argentina: Industrial Absorbents Market, by End-Use Industry
10.6.5.3 Rest of South & Central America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South & Central America: Industrial Absorbents Market, by Product Type
10.6.5.3.2 Rest of South & Central America: Industrial Absorbents Market, by Type
10.6.5.3.3 Rest of South & Central America: Industrial Absorbents Market, by End-Use Industry
11. Impact of COVID-19 Pandemic on Global Industrial Absorbents Market
11.1 Impact of COVID-19 on Industrial Absorbents Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 3M Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Ansell Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Brady Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Decorus Europe Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Meltblown Technologies Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Oil-Dri Corp of America
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schoeller Industries GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Fentex Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Complete Environmental Products Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tolsa SA
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Industrial Absorbents Market Revenue Forecast to 2028 (US$ Mn)
Table 2. Global Industrial Absorbents Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Industrial Absorbents Market, Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 23. France Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. France Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Italy Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. UK Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe Industrial Absorbents Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia Industrial Absorbents Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 44. China Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. China Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. China Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 47. India Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Asia Pacific Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia Pacific Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia Pacific Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East & Africa Industrial Absorbents Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. Middle East & Africa Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. Middle East & Africa Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 62. South Africa Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 65. Saudi Arabia Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 68. UAE Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of Middle East & Africa Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of Middle East & Africa Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of Middle East & Africa Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 74. South & Central America Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. South & Central America Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. South & Central America Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 77. Brazil Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Brazil Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 80. Argentina Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Argentina Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 83. Rest of South & Central America Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South & Central America Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of South & Central America Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 86. Glossary of Terms, Global Industrial Absorbents Market
LIST OF FIGURES
Figure 1. Industrial Absorbents Market Segmentation
Figure 2. Industrial Absorbents Market Segmentation – By Region
Figure 3. Global Industrial Absorbents Market Overview
Figure 4. Hazmat/Chemical Segment Holds the Largest Share
Figure 5. Asia Pacific Held Largest Share of Industrial Absorbents Market in 2021
Figure 6. Global Industrial Absorbents Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Industrial Absorbents Market
Figure 9. Expert Opinion
Figure 10. Industrial Absorbents Market: Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Industrial Absorbents Market
Figure 12. Global Industrial Absorbents Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 13. Industrial Absorbents Market Revenue Share, By Product Type (2021 and 2028)
Figure 14. Pads: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Rolls: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Pillows: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Booms: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Socks: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Others: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Industrial Absorbents Market Revenue Share, By Type (2021 and 2028)
Figure 21. Universal: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Oil-Only: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Hazmat/Chemical: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Industrial Absorbents Market Revenue Share, By End-Use Industry (2021 and 2028)
Figure 25. Oil and Gas: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Chemical: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Food Processing: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Healthcare: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. Automotive: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Others: Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Global Industrial Absorbents Market Revenue Share, By Region (2021 and 2028)
Figure 32. North America: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Industrial Absorbents Market Revenue Share, By Product Type (2021 and 2028)
Figure 34. North America: Industrial Absorbents Market Revenue Share, by Type (2021 and 2028)
Figure 35. North America: Industrial Absorbents Market Revenue Share, by End-Use Industry (2021 and 2028)
Figure 36. North America: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 37. US: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Industrial Absorbents Market Revenue Share, By Product Type (2021 and 2028)
Figure 42. Europe: Industrial Absorbents Market Revenue Share, by Type (2021 and 2028)
Figure 43. Europe: Industrial Absorbents Market Revenue Share, by End-Use Industry (2021 and 2028)
Figure 44. Europe: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Industrial Absorbents Market Revenue Share, by Product Type (2021 and 2028)
Figure 53. Asia Pacific: Industrial Absorbents Market Revenue Share, by Type (2021 and 2028)
Figure 54. Asia Pacific: Industrial Absorbents Market Revenue Share, by End-Use Industry (2021 and 2028)
Figure 55. Asia Pacific: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of Asia Pacific: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East & Africa: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Middle East & Africa: Industrial Absorbents Market Revenue Share, by Product Type (2021 and 2028)
Figure 64. Middle East & Africa: Industrial Absorbents Market Revenue Share, by Type (2021 and 2028)
Figure 65. Middle East & Africa: Industrial Absorbents Market Revenue Share, by End-Use Industry (2021 and 2028)
Figure 66. Middle East & Africa: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 67. South Africa: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of Middle East & Africa: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. South & Central America: Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. South & Central America: Industrial Absorbents Market Revenue Share, by Product Type (2021 and 2028)
Figure 73. South & Central America: Industrial Absorbents Market Revenue Share, by Type (2021 and 2028)
Figure 74. South & Central America: Industrial Absorbents Market Revenue Share, by End-Use Industry (2021 and 2028)
Figure 75. South & Central America: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
Figure 76. Brazil: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 77. Argentina: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of South & Central America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic on North America Country Markets
Figure 80. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 81. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 82. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets
Figure 83. Impact of COVID-19 Pandemic on South & Central America Country Markets
The List of Companies - Industrial Absorbents Market
- 3M Co
- Ansell Ltd
- Brady Corp
- Decorus Europe Ltd
- Meltblown Technologies Inc
- Oil-Dri Corp of America
- Schoeller Industries GmbH
- Fentex Ltd
- Complete Environmental Products Inc
- Tolsa SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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