Absorbent Pads Market
Absorbent Pads Market Forecasts to 2030 - Global Analysis By Product Type (Chemical Absorbent Pads, Hazmat Absorbent Pads, Oil Absorbent Pads, Universal Absorbent Pads and Other Product Types), Type (Extra Heavy Duty, Heavy Duty, Light Duty and Others Types), Material (Fiber, Paper, Polyethylene, Polypropylene and Other Materials), End User and by Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $3.64 BN |
Projected Year Value (2030) |
US $6.01 BN |
CAGR (2023 - 2030) |
7.43% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Absorbent Pads Market is accounted for $3.64 billion in 2023 and is expected to reach $6.01 billion by 2030 growing at a CAGR of 7.43% during the forecast period. Absorbent pads are used in commercial and industrial settings to quickly and efficiently absorb spilled liquids. These thin pads, which are composed of polypropylene or cellulose, are very absorbent and can, contain spills quickly and effectively, limiting their spread and minimizing environmental harm. Moreover, absorbent pads can be used for spill response or general maintenance tasks because of their non-slip backing and range of sizes. They offer an affordable way to keep a clean and safe workplace environment.
According to the Environmental Protection Agency (EPA), implementing sustainable practices in industrial processes is crucial for reducing environmental impact and promoting long-term ecological balance.
Market Dynamics:
Driver:
Strict environmental guidelines
Global regulatory bodies impose strict environmental regulations that have a significant impact on the absorbent pad market. Industries have been compelled to implement efficient spill management techniques by government initiatives meant to minimize the effects of industrial activity and reduce environmental pollution. Furthermore, as companies work to comply with these stringent regulations, demand for absorbent pads as a dependable and effective way to contain and clean up liquid spills has increased, supporting the market's growth.
Restraint:
High expenses related to obtaining and discarding
The expenses related to obtaining and discarding absorbent pads can pose a substantial obstacle, especially for small and medium-sized businesses. The initial outlay required to obtain a sufficient quantity of absorbent pads, along with the continuous costs associated with their disposal, can put a burden on operating budgets. Additionally, due to this cost, some companies might decide against using absorbent pads as their main spill management solution in favor of alternate, possibly less costly strategies.
Opportunity:
Developments in sustainable materials
The market for absorbent pads is poised for substantial growth as a result of the move towards environmentally friendly and sustainable materials. The market's attractiveness can be increased by funding research and development to investigate and implement cutting-edge, recyclable, and biodegradable materials. Furthermore, businesses that proactively incorporate sustainable practices into their product offerings may be able to take advantage of a growing market segment that is being driven by businesses and consumers who care about the environment.
Threat:
Replacement with alternate methods
The possibility of alternative spill management solutions replacing absorbent pads is one of the main challenges facing the market for these products. In some circumstances, technologies like mechanical devices, absorbent granules, and spill containment berms may provide a competitive edge or improve performance. Moreover, the emergence of innovative methods like chemical neutralization or biological remediation also presents a challenge to absorbent pads hegemony in the spill management industry.
Covid-19 Impact:
The market for absorbent pads has been greatly affected by the COVID-19 pandemic, which has resulted in supply chain disruptions, production slowdowns, and demand swings. The need for absorbent pads in hospital environments has increased as a result of the pandemic's increased emphasis on cleanliness and safety precautions. However, there was a decrease in overall market growth as a result of contractions in industries like manufacturing and hospitality, which are big users of absorbent pads. The industry has had to deal with issues including labor shortages, logistical limitations, and unstable economic conditions, which has made it clear that resilience and adaptability are essential during the post-pandemic recovery stage.
The Oil Absorbent Pads segment is expected to be the largest during the forecast period
In the absorbent pad market, oil absorbent pads usually command the largest share. The reason for this dominance is the extensive use of oil absorbent pads in a variety of industries, such as petrochemicals, automotive, and manufacturing. Oil-based spills can be effectively absorbed and contained by oil absorbent pads, which is why they are crucial in areas where there is a risk of exposure to oil-related materials. Furthermore, oil absorbent pads are an essential part of environmental protection and spill response plans because of their adaptability in handling hydrocarbon spills and their efficiency in both land and marine applications.
The Polyethylene segment is expected to have the highest CAGR during the forecast period
In the absorbent pad market, the polyethylene segment is growing at the highest CAGR. Absorbent pads made of polyethylene have become more popular because of their remarkable chemical resistance, robustness, and adaptability. These pads are commonly used in industries that handle hazardous liquids, oils, and aggressive chemicals. Additionally, absorbent pads made of polyethylene are ideal for demanding applications because of their exceptional strength and reduced susceptibility to tearing or degradation. The need for polyethylene absorbent pads is still growing as industries place a greater emphasis on reliable spill response solutions.
Region with largest share:
North America held the largest share of the market for absorbent pads. Due to a number of factors, including the existence of major market players, a well-established industrial sector, and a high level of awareness regarding environmental regulations, this region had a significant presence in the market. The market in North America grew as a result of stricter laws pertaining to spill control and management, growing workplace safety concerns, and an increase in the use of absorbent pads across a range of industries, including manufacturing, chemicals, and oil and gas. Moreover, the region's robust distribution networks, cutting-edge infrastructure, and supportive environmental protection policies from the government all contributed to the absorbent pad market's growth in North America.
Region with highest CAGR:
In the absorbent pad market, Europe has the highest CAGR. The market has grown significantly in Europe as a result of a number of factors, including growing environmental concerns, stringent regulations for spill management and control, and an increase in the use of eco-friendly and sustainable products. The demand for absorbent pads has increased due in part to the region's well-established industrial base, particularly in industries like manufacturing, automotive, and chemicals. Furthermore, the focus on workplace safety and the growing awareness of the possible risks associated with chemical leaks and spills have further accelerated the market's growth in Europe.
Key players in the market
Some of the key players in Absorbent Pads market include Trico Corporation, Cellcomb AB, Sirane Ltd, Meltblown Technologies Inc., 3M Company, Pactiv LLC, Novipax LLC, CoCopac Limited, Johnson Matthey Plc, W. Dimer Gmbh, Brady Corporation, Fentex Ltd, Gelok International and AptarGroup Inc.
Key Developments:
In January 2024, Novipax, a leading US-based manufacturer of high-quality absorbent pads, is excited to announce a groundbreaking partnership with Front1 Health Partners, a pioneer in healthcare solutions. This collaboration marks a significant milestone in the advancement of operating room essentials, specifically targeting the Orthopedic, Cardiothoracic, Trauma, Obstetric/Gynecological, Liver and Kidney, and Urological procedures with economical and highly effective absorbent floor mats.
In December 2023, Johnson Matthey Signs Its First Fuel Cell Recycling Contract in China. Johnson Matthey (JM), a global leader in sustainable technologies, has started operations in Zhangjiagang, Jiangsu province of China. The project is refining and recycling the platinum group metal content from membrane electrode assemblies (MEA) to better facilitate the full recycling of fuel cells.
In July 2023, 3M Begins Multimillion-Dollar Expansion of Healthcare Manufacturing Plant 53130. 3M’s first and largest healthcare manufacturing facility is primed for a multimillion-dollar expansion. The company said it will invest up to $468 million over the next three years in the plant located in Brookings, SD.
Product Types Covered:
• Chemical Absorbent Pads
• Hazmat Absorbent Pads
• Oil Absorbent Pads
• Universal Absorbent Pads
• Other Product Types
Types Covered:
• Extra Heavy Duty
• Heavy Duty
• Light Duty
• Others Types
Materials Covered:
• Fiber
• Paper
• Polyethylene
• Polypropylene
• Other Materials
End Users Covered:
• Food
• Oil & Gas
• Agriculture
• Chemical
• Automotive
• Commercial
• Government and Institutions
• Marine
• Public Buildings
• Medical
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Absorbent Pads Market, By Product Type
5.1 Introduction
5.2 Chemical Absorbent Pads
5.3 Hazmat Absorbent Pads
5.4 Oil Absorbent Pads
5.5 Universal Absorbent Pads
5.6 Other Product Types
6 Global Absorbent Pads Market, By Type
6.1 Introduction
6.2 Extra Heavy Duty
6.3 Heavy Duty
6.4 Light Duty
6.5 Others Types
7 Global Absorbent Pads Market, By Material
7.1 Introduction
7.2 Fiber
7.3 Paper
7.4 Polyethylene
7.5 Polypropylene
7.6 Other Materials
8 Global Absorbent Pads Market, By End User
8.1 Introduction
8.2 Food
8.2.1 Fresh Produce
8.2.2 Meat, Poultry & Seafood
8.3 Oil & Gas
8.4 Agriculture
8.5 Chemical
8.6 Automotive
8.7 Commercial
8.8 Government and Institutions
8.9 Marine
8.10 Public Buildings
8.11 Medical
8.12 Other End Users
9 Global Absorbent Pads Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Trico Corporation
11.2 Cellcomb AB
11.3 Sirane Ltd
11.4 Meltblown Technologies Inc.
11.5 3M Company
11.6 Pactiv LLC
11.7 Novipax LLC
11.8 CoCopac Limited
11.9 Johnson Matthey Plc
11.10 W. Dimer Gmbh
11.11 Brady Corporation
11.12 Fentex Ltd
11.13 Gelok International
11.14 AptarGroup Inc.
List of Tables
1 Global Absorbent Pads Market Outlook, By Region (2021-2030) ($MN)
2 Global Absorbent Pads Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Absorbent Pads Market Outlook, By Chemical Absorbent Pads (2021-2030) ($MN)
4 Global Absorbent Pads Market Outlook, By Hazmat Absorbent Pads (2021-2030) ($MN)
5 Global Absorbent Pads Market Outlook, By Oil Absorbent Pads (2021-2030) ($MN)
6 Global Absorbent Pads Market Outlook, By Universal Absorbent Pads (2021-2030) ($MN)
7 Global Absorbent Pads Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Absorbent Pads Market Outlook, By Type (2021-2030) ($MN)
9 Global Absorbent Pads Market Outlook, By Extra Heavy Duty (2021-2030) ($MN)
10 Global Absorbent Pads Market Outlook, By Heavy Duty (2021-2030) ($MN)
11 Global Absorbent Pads Market Outlook, By Light Duty (2021-2030) ($MN)
12 Global Absorbent Pads Market Outlook, By Others Types (2021-2030) ($MN)
13 Global Absorbent Pads Market Outlook, By Material (2021-2030) ($MN)
14 Global Absorbent Pads Market Outlook, By Fiber (2021-2030) ($MN)
15 Global Absorbent Pads Market Outlook, By Paper (2021-2030) ($MN)
16 Global Absorbent Pads Market Outlook, By Polyethylene (2021-2030) ($MN)
17 Global Absorbent Pads Market Outlook, By Polypropylene (2021-2030) ($MN)
18 Global Absorbent Pads Market Outlook, By Other Materials (2021-2030) ($MN)
19 Global Absorbent Pads Market Outlook, By End User (2021-2030) ($MN)
20 Global Absorbent Pads Market Outlook, By Food (2021-2030) ($MN)
21 Global Absorbent Pads Market Outlook, By Fresh Produce (2021-2030) ($MN)
22 Global Absorbent Pads Market Outlook, By Meat, Poultry & Seafood (2021-2030) ($MN)
23 Global Absorbent Pads Market Outlook, By Oil & Gas (2021-2030) ($MN)
24 Global Absorbent Pads Market Outlook, By Agriculture (2021-2030) ($MN)
25 Global Absorbent Pads Market Outlook, By Chemical (2021-2030) ($MN)
26 Global Absorbent Pads Market Outlook, By Automotive (2021-2030) ($MN)
27 Global Absorbent Pads Market Outlook, By Commercial (2021-2030) ($MN)
28 Global Absorbent Pads Market Outlook, By Government and Institutions (2021-2030) ($MN)
29 Global Absorbent Pads Market Outlook, By Marine (2021-2030) ($MN)
30 Global Absorbent Pads Market Outlook, By Public Buildings (2021-2030) ($MN)
31 Global Absorbent Pads Market Outlook, By Medical (2021-2030) ($MN)
32 Global Absorbent Pads Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.