Market Overview:
The global petroleum sorbents market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas, manufacturing, construction, and chemical applications. Inorganic sorbents are expected to dominate the market during the forecast period owing to their high efficiency and low cost. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for petroleum sorbents in China and India.
Product Definition:
Petroleum sorbents are materials used to clean up oil spills. They can be made from natural or synthetic materials, and they work by absorbing the oil from the water. This helps to prevent it from spreading and causing more damage. Petroleum sorbents are important for cleaning up spills quickly and preventing further environmental damage.
Inorganic Sorbents:
Inorganic sorbents are natural or synthetic materials that can be used to remove or reduce the volatility of a volatile organic compound (VOC). Inorganic materials such as calcium carbonate, sodium carbonate, and potassium hydroxide are commonly used in petroleum absorbent filter (PAF) technology. The growth factor for inorganic sorbent is its ability to remove contaminants from gas streams without any significant risk of contamination.
Cellulose Sorbents:
Cellulose is a natural material, which is widely used in the manufacturing of absorbents for oil & gas. Cellulose or lignin are mostly preferred as they are non-toxic and biodegradable. They can be processed into high-quality products by chemical modification or enzymatic conversion. Lignin has been traditionally used as an adsorbent for crude oil in wellhead flue Gas Oil (GFO) and Natural Gas Oil (NGO).
Application Insights:
The oil and gas application segment led the global petroleum sorbents market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising production of crude oil and natural gas from various fields across the world. Petroleum products, such as crude oil, natural gas liquids (NGLs), and natural gas are prone to contamination by water or other substances during storage or transportation resulting in lowering its quality which requires purification process before it can be used for specific purposes such as manufacturing fuel or lubricants.
Regional Analysis:
North America accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region is characterized by a large number of refineries, which are major users of petroleum products. North America also has a well-established manufacturing sector that consumes large amounts of oil as feedstock, thereby driving product demand in applications such as chemical processing and manufacturing industries.
Asia Pacific was estimated to be the fastest-growing regional market from 2018 to 2030 owing to increasing exploration activities coupled with rising government investments in infrastructure development projects mainly across India, China, Indonesia, Malaysia Philippines Russia South Korea Thailand Vietnam among other Southeast Asian countries.
Growth Factors:
- Increasing demand for petroleum sorbents from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for petroleum sorbents from the automotive sector due to stringent emission norms
- Growing use of petroleum sorbents in refineries and petrochemical plants for cleaning process equipment and tanks
- Increasing application of petroleum sorbents in wastewater treatment plants to remove hydrocarbons, oils, and greases
- Technological advancements that have led to the development of new types of petroleum sorbent products
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum Sorbents Market Research Report
By Type
Inorganic Sorbents, Cellulose Sorbents
By Application
Oil and Gas, Manufacturing, Construction, Chemical
By Companies
M, Chemtex, NPS Corp, Darcy Spillcare Manufacture, New Pig Corporation, ENPAC, Grace Safety Engineering, Breg Environmental, Meltblown Technologies, American Textile & Supply, M, Oil-Dri Corporation of America, Brady Worldwide, Unique Safety Services, GEI Works
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum Sorbents Market Report Segments:
The global Petroleum Sorbents market is segmented on the basis of:
Types
Inorganic Sorbents, Cellulose Sorbents
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Manufacturing, Construction, Chemical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M
- Chemtex
- NPS Corp
- Darcy Spillcare Manufacture
- New Pig Corporation
- ENPAC
- Grace Safety Engineering
- Breg Environmental
- Meltblown Technologies
- American Textile & Supply
- M
- Oil-Dri Corporation of America
- Brady Worldwide
- Unique Safety Services
- GEI Works
Highlights of The Petroleum Sorbents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Inorganic Sorbents
- Cellulose Sorbents
- By Application:
- Oil and Gas
- Manufacturing
- Construction
- Chemical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petroleum Sorbents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petroleum sorbents are a type of material that is used to absorb oil and other liquids. They are made from materials such as natural gas, propane, or butane. Petroleum sorbents can be used in a variety of ways, including as filters or absorbent pads.
Some of the major companies in the petroleum sorbents market are M, Chemtex, NPS Corp, Darcy Spillcare Manufacture, New Pig Corporation, ENPAC, Grace Safety Engineering, Breg Environmental, Meltblown Technologies, American Textile & Supply, M, Oil-Dri Corporation of America, Brady Worldwide, Unique Safety Services, GEI Works.
The petroleum sorbents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Petroleum Sorbents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Petroleum Sorbents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Petroleum Sorbents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Petroleum Sorbents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Petroleum Sorbents Market Size & Forecast, 2020-2028
4.5.1 Petroleum Sorbents Market Size and Y-o-Y Growth
4.5.2 Petroleum Sorbents Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Inorganic Sorbents
5.2.2 Cellulose Sorbents
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Manufacturing
6.2.3 Construction
6.2.4 Chemical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petroleum Sorbents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Petroleum Sorbents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Inorganic Sorbents
9.6.2 Cellulose Sorbents
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Manufacturing
9.10.3 Construction
9.10.4 Chemical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Inorganic Sorbents
10.6.2 Cellulose Sorbents
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Manufacturing
10.10.3 Construction
10.10.4 Chemical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Inorganic Sorbents
11.6.2 Cellulose Sorbents
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Manufacturing
11.10.3 Construction
11.10.4 Chemical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Inorganic Sorbents
12.6.2 Cellulose Sorbents
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Manufacturing
12.10.3 Construction
12.10.4 Chemical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Inorganic Sorbents
13.6.2 Cellulose Sorbents
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Manufacturing
13.10.3 Construction
13.10.4 Chemical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Petroleum Sorbents Market: Competitive Dashboard
14.2 Global Petroleum Sorbents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Chemtex
14.3.3 NPS Corp
14.3.4 Darcy Spillcare Manufacture
14.3.5 New Pig Corporation
14.3.6 ENPAC
14.3.7 Grace Safety Engineering
14.3.8 Breg Environmental
14.3.9 Meltblown Technologies
14.3.10 American Textile & Supply
14.3.11 M
14.3.12 Oil-Dri Corporation of America
14.3.13 Brady Worldwide
14.3.14 Unique Safety Services
14.3.15 GEI Works
