Market Overview:
The global universal oil absorbents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for universal oil absorbents from various end-use industries, such as automotive, aerospace, marine and others. In addition, the growing awareness about environmental protection is also propelling the growth of this market. Based on type, natural organic segment is projected to lead the global universal oil absorbents market during the forecast period from 2018 to 2030. This segment is expected to grow at a CAGR of 6% during the forecast period. The growth in this segment can be attributed to its properties such as biodegradability and non-toxicity which make it suitable for use in various applications including environmental applications.
Product Definition:
Universal oil absorbents are materials that can be used to clean up oil spills. They are important because they can be used to clean up any kind of oil spill, no matter what the type of oil is.
Natural Organic:
Natural organic is the product or service which is produced or provided without using any chemical substances such as pesticides, herbicides, fertilizers and growth regulators. The term natural has been derived from Latin word “natura” which means “natural law”.
Natural Inorganic:
Natural inorganic is a group of chemicals consisting of metal oxides and hydroxides. The most common types are calcium oxide, barium oxide, sodium hydroxide, and zinc hydroxide. These products have applications as defoamers, corrosion inhibitors for pipelines & storage tanks in the oil & gas industry along with other end-use industries such as automotive and construction.
Application Insights:
The industry application segment accounted for the largest revenue share of over 70% in 2017. The segment is expected to witness significant growth on account of increasing demand for UOA from various industries including oil & gas, petrochemicals, refineries and others.
The product has applications in almost all the stages of crude oil refining process including catalytic reforming, hydrocracking and coking as well as in desulphurization processes. It also finds a wide range of applications across several end-use industries such as automotive/transportation lubrication systems; metalworking fluids; cement production; paper mills etc., which are further anticipated to fuel the global demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of global oil production, which has resulted in high demand for Absorbent Glass Microspheres (AGMS) from various end-use industries such as drilling fluids, chemical processing fluid and power generation. China is one of the major consumers owing to rapid industrialization along with growing environmental concerns have led to a rise in product demand across several end-use applications.
North America emerged as the second fastest growing regional market on account of increasing shale gas exploration activities coupled with stringent government regulations regarding water pollution & disposal methods that restrict crude oil production by conventional means thus driving Absorbent Glass Microspheres (AGMS) consumption across industries requiring superior efficiency compared to synthetic polymers at low cost.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and manufacturing
- Growing awareness about the benefits of using oil absorbents over traditional methods
- Rising investments in research and development to develop innovative products
- Expansion of distribution networks by key players to cater to a wider customer base
- Emergence of new applications for oil absorbents in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal 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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Universal Oil Absorbents Market Report Segments:
The global Universal 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 Universal 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 Universal 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?
Universal oil absorbents are a type of material that can be used to absorb oils and other liquids. They are often made from materials such as wood pulp, paper, or cotton. Universal oil absorbents can be used in a variety of applications, including industrial cleaning and manufacturing processes.
Some of the major players in the universal 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 universal oil absorbents market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Universal 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 Universal Oil Absorbents Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Universal 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 Universal 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 Universal Oil Absorbents Market Size & Forecast, 2018-2028 4.5.1 Universal Oil Absorbents Market Size and Y-o-Y Growth 4.5.2 Universal Oil Absorbents Market Absolute $ Opportunity
Chapter 5 Global Universal 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 Universal 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 Universal 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 Universal 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 Universal 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 Universal 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 Universal Oil Absorbents Analysis and Forecast
9.1 Introduction
9.2 North America Universal 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 Universal 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 Universal 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 Universal Oil Absorbents Analysis and Forecast
10.1 Introduction
10.2 Europe Universal 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 Universal 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 Universal 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 Universal Oil Absorbents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Universal 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 Universal 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 Universal 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 Universal Oil Absorbents Analysis and Forecast
12.1 Introduction
12.2 Latin America Universal 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 Universal 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 Universal 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) Universal Oil Absorbents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Universal 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) Universal 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) Universal 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 Universal Oil Absorbents Market: Competitive Dashboard
14.2 Global Universal 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