Reusable Oil Absorbents Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Global Reusable Oil Absorbents Market: Introduction

Reusable oil absorbents market is expected to gain traction over the forecast period owing to increasing industrialization and growing demand from the oil and gas sector. Reusable oil absorbent’s mats, pads and socks soak the waste oil to prevent slips and falls. Reusable oil absorbents follow a closed loop laundering process, where the recovered oils are recycled and the absorbents are cleaned and used again and again for absorbing oil. The different benefits of reusable oil absorbents are low cost compared to disposals, they save time with a managed program, prevent slips, trips and falls and eliminate the waste stream. 

Reusable oil absorbents are available in different types, such as mats, pads, absorbent socks, absorbent cushion and absorbent booms. These absorbents are used by various end users involving oil & gas, food and beverage and chemicals. Oil absorbent pads are used for low lint applications and in traffic areas as they are ideal in repelling the water-based fluids.

Global Reusable Oil Absorbents Market: Dynamics

Drivers:

Growing industrialization is anticipated to be a major factor that drives the growth of the reusable oil absorbents market over the forecast period. Moreover, regulations regarding safety of workers in a workplace will also give traction to the growth of reusable oil absorbent market in the near future, as oil absorbents soak the waste oils on the floor and to prevent slips and falls. Furthermore, reusable oil absorbents are cost-effective and can be reused. This is expected to drive the growth of reusable oil absorbents market over the forecast period. That apart, the different benefits of reusable oil absorbents such as non-toxic, non-leaching and repealing of water will further drive the growth of the reusable oil absorbents market over the forecast period.

Restraint:

Lack of awareness in different application is expected to be a factor that hampers the growth of reusable oil absorbents market over the forecast period. Moreover, synthetic fiber oil absorbents are less effective on medium oils, which is yet another factor to hinder the growth of the reusable oil absorbents market during the forecast period. Furthermore, few industries do not use oil absorbents at the workplace, which hampers the growth of the reusable oil absorbents market.

Global Reusable Oil Absorbents Market: Segmentation

The global reusable oil absorbents market can be segmented based on type, material, application and end user.

By type, the reusable oil absorbents market can be segmented into:

  • Oil Absorbent Mats
  • Oil Absorbent Pads
  • Absorbent Socks
  • Absorbent Cushion
  • Absorbent Rolls
  • Absorbent Booms
  • Wet Mops

By material, the reusable oil absorbents market can be segmented into:

  • Organic
  • Inorganic
  • Synthetic

By application, the reusable oil absorbents market can be segmented into:

  • Oil & Gas
  • Food & Beverage
  • Chemicals

By end use, the reusable oil absorbents market can be segmented into:

  • Residential
  • Industrial

Global Reusable Oil Absorbents Market: Regional Outlook

North America will be closely followed by Asia Pacific during the forecast period. Both of these markets are projected to witness immense growth in the reusable oil absorbents market owing to increasing demand of absorbent mats and pads. Western Europe, in particular, is expected to witness growth in the reusable oil absorbents market due to the expected growth in the oil & gas industry during the forecast period. Latin America is expected to grow at a significant CAGR during the forecast period owing rapid industrialization in the region. Middle East and Africa and Japan are expected to support the growth of the reusable oil absorbents market over the forecast period.

Global Reusable Oil Absorbents Market: Market Participants

Examples of some of the market participants identified across the value chain of the global reusable oil absorbents market include:

  • Closed Loop Recycling
  • ITU AbsorbTech, Inc
  • Global Spill Control
  • Brent Industries, Inc.
  • US Sorbents, Inc.
  • TEXTILE ABSORBENT PRODUCTS CO. LLC
  • New Pig Corporation
  • VJ Engineering Solutions Sdn. Bhd.
  • Kimberly-Clark Worldwide, Inc.
  • ZHEJIANG JEENOR NEW MATERIAL CO.,LTD
  • LPT SYSTEMS
  • Pigmalion Environmental INC.
  • ACME Environmental
  • Elastec
  • Ktech

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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