The Industrial Absorbents Market is estimated at USD 3.7 billion in 2018 and is projected to reach USD 4.7 billion by 2023, at a CAGR of 5.1%.
Browse 74 market data Tables and 53 Figures spread through 132 Pages and in-depth TOC on "Industrial Absorbents Market”.
New Pig Corporation is engaged in the manufacture and sales of absorbent-based spill control products. The company is one of the leading players in the industrial absorbents market. It company offers a wide range of spill control products. New Pig Corporation also has a strong online presence, which makes it more competitive in the industrial absorbents market. The company is focused on the development of new products to sustain in the fragmented market for spill control products. For example, in 2017, it introduced the PIG Forklift Spill Kit for forklift truck and tow motors. This strategy helped the company strengthen its product portfolio for the industrial absorbents market.
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3M Company is one of the leading players in the industrial absorbents market. The company has a significant geographic presence with major focus on the US market for industrial absorbents. Over the last few years, the company has significantly invested in the research and development of products, which contributes about 6% of the total revenue of the company in 2017.
Oil-Dri Corporation of America is one of the market leaders in the development, manufacture, and distribution of sorbent products. It is a leading manufacturer and supplier of clay granular absorbents. In addition, the company offers polypropylene and recycled cotton-based absorbents. The industrial absorbents products are used in industrial and automotive applications. The company is also focusing on synthetic absorbents for industrial applications. Oil-Dri Corporation Company can expand its product portfolio in end-use industries such as oil & gas and chemicals, which are the important markets for industrial absorbents.
3M Company (US), Brady Corporation (US), Decorus Europe Ltd. (UK), Johnson Matthey Plc (UK), Kimberly-Clark Professional (US), Meltblown Technologies Inc. (US), Monarch Green, Inc. (US), New Pig Corporation (US), and Oil-Dri Corporation of America (US) are the leading manufacturers of industrial absorbents, globally.
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