Product Code: ETC4507765 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India industrial absorbents market import shipments demonstrated a robust growth trend with a CAGR of 12.3% from 2020 to 2024. The growth rate between 2023 and 2024 slightly moderated to 6.3%, indicating a steady expansion in the market during the period.
Industrial absorbents are crucial in sectors like manufacturing, oil and gas, and environmental cleanup. These materials help contain and manage spills and leaks. As industrial operations expand in India, the demand for effective absorbents is on the rise.
The industrial absorbents market in India is primarily driven by the need for environmental protection and workplace safety. Industries are increasingly focusing on managing hazardous materials and spills effectively to comply with regulations and reduce environmental impact. Industrial absorbents, including absorbent pads, mats, and booms, are vital in containing and cleaning up spills of oil, chemicals, and other substances. Additionally, the emphasis on employee safety and the prevention of accidents in industrial settings is leading to higher demand for absorbents. The adoption of sustainable and eco-friendly absorbent materials is also on the rise, reflecting a broader shift towards environmental responsibility.
The India industrial absorbents market faces challenges related to environmental regulations and the need for sustainable solutions. Manufacturers must develop absorbent materials that are both effective and eco-friendly. Proper disposal and recycling of used absorbents are essential concerns. The market also needs to address the potential competition from alternative absorbent materials. Ongoing research and development are necessary to improve the efficiency and cost-effectiveness of industrial absorbents.
The India industrial absorbents market faced significant challenges during the COVID-19 pandemic. Industrial absorbents are critical for managing spills and controlling environmental hazards in various industries. The lockdowns and disruptions in manufacturing activities resulted in decreased demand for industrial absorbents, as several industrial operations were temporarily halted or scaled down. Industries such as oil and gas, manufacturing, and chemicals, which are major users of industrial absorbents, saw reduced production, leading to a decreased need for spill management products. The long-term prospects for the industrial absorbents market in India will be closely tied to the resurgence of these industries and their commitment to environmental safety and compliance.
Companies like 3M, BASF, Dupont, and Arkema are key players in India industrial absorbents market, providing solutions for spill control, environmental protection, and waste management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Absorbents Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Absorbents Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Absorbents Market - Industry Life Cycle |
3.4 India Industrial Absorbents Market - Porter's Five Forces |
3.5 India Industrial Absorbents Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 India Industrial Absorbents Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 India Industrial Absorbents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 India Industrial Absorbents Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Industrial Absorbents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental protection and regulations driving the demand for eco-friendly industrial absorbents. |
4.2.2 Growth in industries such as oil gas, automotive, and manufacturing leading to higher usage of industrial absorbents. |
4.2.3 Technological advancements leading to the development of more efficient and versatile industrial absorbents. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of industrial absorbents. |
4.3.2 Lack of proper disposal and recycling facilities for used industrial absorbents posing environmental challenges. |
4.3.3 Intense competition among market players leading to pricing pressures and margin squeezes. |
5 India Industrial Absorbents Market Trends |
6 India Industrial Absorbents Market, By Types |
6.1 India Industrial Absorbents Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Absorbents Market Revenues & Volume, By Material Type, 2021-2031F |
6.1.3 India Industrial Absorbents Market Revenues & Volume, By Natural Organic & Inorganic, 2021-2031F |
6.1.4 India Industrial Absorbents Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 India Industrial Absorbents Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Absorbents Market Revenues & Volume, By Pads, 2021-2031F |
6.2.3 India Industrial Absorbents Market Revenues & Volume, By Rolls, 2021-2031F |
6.2.4 India Industrial Absorbents Market Revenues & Volume, By Pillows, 2021-2031F |
6.2.5 India Industrial Absorbents Market Revenues & Volume, By Granules, 2021-2031F |
6.2.6 India Industrial Absorbents Market Revenues & Volume, By Booms & Socks, 2021-2031F |
6.2.7 India Industrial Absorbents Market Revenues & Volume, By Sheets & Mats, 2021-2031F |
6.3 India Industrial Absorbents Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Industrial Absorbents Market Revenues & Volume, By Universal, 2021-2031F |
6.3.3 India Industrial Absorbents Market Revenues & Volume, By Oil-only, 2021-2031F |
6.3.4 India Industrial Absorbents Market Revenues & Volume, By HAZMAT, 2021-2031F |
6.4 India Industrial Absorbents Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 India Industrial Absorbents Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.3 India Industrial Absorbents Market Revenues & Volume, By Chemical, 2021-2031F |
6.4.4 India Industrial Absorbents Market Revenues & Volume, By Food Processing, 2021-2031F |
6.4.5 India Industrial Absorbents Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 India Industrial Absorbents Market Revenues & Volume, By Others, 2021-2031F |
7 India Industrial Absorbents Market Import-Export Trade Statistics |
7.1 India Industrial Absorbents Market Export to Major Countries |
7.2 India Industrial Absorbents Market Imports from Major Countries |
8 India Industrial Absorbents Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly industrial absorbents by key industries. |
8.2 Efficiency improvement in industrial absorbents leading to cost savings for businesses. |
8.3 Number of patents or innovations in industrial absorbents technology. |
8.4 Compliance rate with environmental regulations regarding the use and disposal of industrial absorbents. |
8.5 Customer satisfaction and loyalty metrics for industrial absorbent products. |
9 India Industrial Absorbents Market - Opportunity Assessment |
9.1 India Industrial Absorbents Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 India Industrial Absorbents Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 India Industrial Absorbents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 India Industrial Absorbents Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Industrial Absorbents Market - Competitive Landscape |
10.1 India Industrial Absorbents Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Absorbents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |