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Absorbent Pads Market Revenue to Hit USD 3001.49 Mn by 2027

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Absorbent Pads Market Revenue to Hit USD 3001.49 Mn by 2027

December 04
08:31 2021
Absorbent Pads Market to Grow at a CAGR of 6.0% to reach US$ 3,001.49 Mn Million from 2019 to 2027

According to The Insight Partners market research study titled Absorbent Pads Market – Global Analysis and Forecasts by Material, Type, Product Type, End User and Geography. The global Absorbent Pads Market is expected to reach US$ 3,001.49 Mn in 2027 from US$ 1,978.51 in 2018. The market is estimated to grow with a CAGR of 4.9% from 2019-2027.

Strategic Insights 

Report Coverage

Details

Market Size Value in

US$ 1,978.51 Million in 2018

Market Size Value by

US$ 3,001.49 Million by 2027

Growth rate

CAGR of 4.9% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

176

No. Tables

112

No. of Charts & Figures

89

Historical data available

Yes

Segments covered

Material ; Type ; Product Type ; End User , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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Spills and leaks of oil, chemicals and other liquids are inevitable in almost all the workplaces, where fuels are used. The conventional and historic ways for taking action over these spills prevailed only after they occurred. With the new advancements in industrial sectors, absorbent pads now help to change the conceptions. These absorbent pads offer numerous advantages across multiple industrial sectors that include automotive, medical, biotechnology, food and beverages, agriculture and others. The absorbent pads are one of the most cost-efficient and economical solution for usage and waste disposal of liquid-containing materials. These pads are commercially available with varying absorption capacities that caters to the specific demands of the end products. The development in textiles have led to making use of materials used in absorbent pads that causes no health risks and are environment friendly. For instance, polypropylene and polyester absorbents offer several advantages over messy, labor-intensive, first-generation absorbents.

Advantages offered by absorbent pads is expected to be responsible for the growth of global absorbent pads market.

The growth of absorbent pads market is driven by factors such as, benefits offered by absorbent pads, growing environmental concerns with respect to chemical and oil spills are likely to boost the market over the years. In addition, the risk of diseases caused with the use of absorbent pads is likely to hinder the growth of the absorbent pads testing market in the coming years.

Impact of COVID-19 on Absorbent Pads Market

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the Absorbent Pads Market growth due to shutting down of factories and obstacles in supply chain.

Download the Latest COVID-19 Analysis on Absorbent Pads Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00006581/ 

In 2018, North America accounted for the highest share in the global Absorbent Pads Market. The growth of the absorbent pads market in this region is primarily attributed to the growing awareness about the benefits offered by absorbent pads. Different types of absorbent pads for oil spills, chemical spills have also favored the rise of the absorbent pads market in North America. The easy availability of absorbent pads and presence of major market players expands the absorbent pads market in North America.

Absorbent Pads Market: Material

The global Absorbent Pads Market, based on the material was segmented into fiber, paper, polyethylene, polypropylene, others. In 2018, the fiber segment accounted for the largest share in the global absorbent pads market. The absorbent pads are composed of fibers that are capable of absorbing gas or liquid components. The fiber absorbent pads are used to clean up the spills in automotive sector. The growing automotive sector across the world is likely to enhance the fiber segment during the forecast period.

Absorbent Pads Market: Competitive Landscape and Key Developments

Some of the prominent players operating in the absorbent pads market are W. DIMER GMBH, Trico Corporation, SIRANE LTD., PACTIV LLC, Novipax LLC, Gelok International Corporation, CoCopac Limited, Cellcomb, Brady Corporation, and 3M, among others. The market players are focused on bringing new and innovative products and services through various organic strategies such as product launches and expansions to sustain their position in the market. Recently in January 2017, Brady announced its new SPC Absorbent and Spill Control Catalog, which includes, more than 6 new products.

Order a Copy of Absorbent Pads Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00006581/

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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