Market Overview:
The global specialty oil absorbents 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 specialty oil absorbents from various industries and environmental applications. The synthetic material segment is expected to grow at a higher CAGR than the natural organic and natural inorganic segments during the forecast period. Asia Pacific is expected to be the fastest-growing region in terms of revenue during the forecast period, followed by Europe and North America.
Product Definition:
A specialty oil absorbent is an absorbent designed to soak up a specific type of liquid. For example, a specialty oil absorbent might be designed to soak up motor oil or hydraulic fluid. The importance of specialty oil absorbents varies depending on the application. In some cases, they may be necessary for safety reasons, while in others they may simply make cleanup easier.
Natural Organic:
Natural organic is a product derived from plants and animals without the use of harmful chemicals. The global market for natural organic absorbents is expected to witness significant growth over the forecast period owing to its usage in oil absorbents, specialty water treatment, wastewater treatment, and bioplastics among other applications.
Natural Inorganic:
Natural inorganic is a group of chemical compounds, which contains one or more than one element from Group 1 (IUPAC) elements such as hydrogen, nitrogen, carbon and sulfur. The natural inorganic products are available for use as absorbents for oil & grease in various end-use industries including food processing and automotive. Natural organic-inorganic composite materials have been developed that exhibit superior properties when compared to conventional synthetic polymers.
Application Insights:
The industry application segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth on account of rising product demand from various industries including automotive, construction, and packaging among others. In addition, favorable government regulations regarding industrial safety are anticipated to further propel the product demand in this application segment over the forecast period.
Specialty oil absorbents are used as a chemical filter medium for processing crude oil or natural gas liquids into purified products which can be utilized in their original forms or as fuels additive components within petrochemical plants across numerous end-use industries globally such as lubricants & fuel additives and petroleum refining among others depending upon their specific characteristics required by them during processing operations at different stages of production life cycle along with ongoing research activities being carried out by market participants for enhancing existing offerings while introducing new types of specialty oil absorbent products that provide additional benefits such as enhanced efficiency.
Regional Analysis:
Asia Pacific was the largest market for specialty oil absorbents, accounting for a share of more than 35.0% in 2017. The region is expected to witness high demand owing to rapid industrialization and growth of end-use industries such as automotive, construction, and packaging in countries including China, India, Indonesia among others.
The growing population coupled with increasing disposable income will drive the regional product demand further over the forecast period. Rapid urbanization along with rising infrastructural activities is also anticipated to fuel industry expansion over the coming years which would subsequently propel specialty oil absorbent requirements across various applications in this region.
Growth Factors:
- Increasing demand for specialty oil absorbents from various industries such as automotive, marine, aerospace, and others owing to the growing awareness about the benefits of using these products.
- Rising demand for environmentally friendly and biodegradable oil absorbents owing to the increasing regulations related to environmental protection.
- Growing investments in research and development activities by leading players in order to develop innovative products that can address specific needs of different industries.
- Proliferation of online retail platforms that offer a wide range of specialty oil absorbents at competitive prices, thereby aiding in the growth of this market segment.
- Expansion of distribution channels by leading players in order to reach a wider customer base across regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Oil Absorbents Market Research Report
By Type
Natural Organic, Natural Inorganic, Synthetic Material
By Application
Industry, Environmental
By Companies
Brady Corporation, Oil-Dri Corporation, Justrite, New Pig Corporation, LUBETECH, Global Spill Control, DENIOS, JSP, Darcy Spillcare Manufacture, EMPTEEZY, Brady Corporation, Dueperthal Sicherheitstechnik
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Oil Absorbents Market Report Segments:
The global Specialty Oil Absorbents market is segmented on the basis of:
Types
Natural Organic, Natural Inorganic, Synthetic Material
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
Industry, Environmental
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:
- Brady Corporation
- Oil-Dri Corporation
- Justrite
- New Pig Corporation
- LUBETECH
- Global Spill Control
- DENIOS
- JSP
- Darcy Spillcare Manufacture
- EMPTEEZY
- Brady Corporation
- Dueperthal Sicherheitstechnik
Highlights of The Specialty Oil Absorbents 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:
- Natural Organic
- Natural Inorganic
- Synthetic Material
- By Application:
- Industry
- Environmental
- 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 Specialty Oil Absorbents 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?
Specialty oil absorbents are materials that can be used to collect and hold oils and other liquids. They are typically made from natural or synthetic materials, such as cotton, wood pulp, or paper.
Some of the key players operating in the specialty oil absorbents market are Brady Corporation, Oil-Dri Corporation, Justrite, New Pig Corporation, LUBETECH, Global Spill Control, DENIOS, JSP, Darcy Spillcare Manufacture, EMPTEEZY, Brady Corporation, Dueperthal Sicherheitstechnik.
The specialty oil absorbents 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 Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specialty Oil Absorbents 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 Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size & Forecast, 2018-2028
4.5.1 Specialty Oil Absorbents Market Size and Y-o-Y Growth
4.5.2 Specialty Oil Absorbents Market Absolute $ Opportunity
Chapter 5 Global Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Type
5.2.1 Natural Organic
5.2.2 Natural Inorganic
5.2.3 Synthetic Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Environmental
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty Oil Absorbents 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 Specialty Oil Absorbents 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 Specialty Oil Absorbents Analysis and Forecast
9.1 Introduction
9.2 North America Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Type
9.6.1 Natural Organic
9.6.2 Natural Inorganic
9.6.3 Synthetic Material
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 Specialty Oil Absorbents Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Environmental
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 Specialty Oil Absorbents Analysis and Forecast
10.1 Introduction
10.2 Europe Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Type
10.6.1 Natural Organic
10.6.2 Natural Inorganic
10.6.3 Synthetic Material
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 Specialty Oil Absorbents Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Environmental
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 Specialty Oil Absorbents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Type
11.6.1 Natural Organic
11.6.2 Natural Inorganic
11.6.3 Synthetic Material
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 Specialty Oil Absorbents Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Environmental
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 Specialty Oil Absorbents Analysis and Forecast
12.1 Introduction
12.2 Latin America Specialty Oil Absorbents 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 Specialty Oil Absorbents Market Size Forecast by Type
12.6.1 Natural Organic
12.6.2 Natural Inorganic
12.6.3 Synthetic Material
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 Specialty Oil Absorbents Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Environmental
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) Specialty Oil Absorbents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Specialty Oil Absorbents 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) Specialty Oil Absorbents Market Size Forecast by Type
13.6.1 Natural Organic
13.6.2 Natural Inorganic
13.6.3 Synthetic Material
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) Specialty Oil Absorbents Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Environmental
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 Specialty Oil Absorbents Market: Competitive Dashboard
14.2 Global Specialty Oil Absorbents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brady Corporation
14.3.2 Oil-Dri Corporation
14.3.3 Justrite
14.3.4 New Pig Corporation
14.3.5 LUBETECH
14.3.6 Global Spill Control
14.3.7 DENIOS
14.3.8 JSP
14.3.9 Darcy Spillcare Manufacture
14.3.10 EMPTEEZY
14.3.11 Brady Corporation
14.3.12 Dueperthal Sicherheitstechnik
