Industrial Absorbents Market High Demand for Biodegradable Absorbents in Oil & Gas Industries
According to a report published by the
In terms of demand,
The natural segment has witnessed growth over the last few years, due to the low cost and eco-friendliness of natural industrial absorbents. Natural industrial absorbents are increasingly being used across developed as well as developing regions. The natural segment is anticipated to expand at a high CAGR during the forecast period.
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The demand for industrial absorbents in
Global Industrial Absorbents Market:
The demand for industrial absorbents has increased over the last few years. The trend is expected to continue during the forecast period also. This growth can be attributed to rise in the incidence of oil and fuel spills in waters and on land. Industrial absorbents are increasingly being used for oil spill removal, due to their characteristics such as low-cost production, low environmental impact, and low energy consumption. Absorbents are used to clean large- and small-scale oil spills to protect the environment, including aquatic biota.
Major players operating in the global industrial absorbents market, such as
Growing environment-related regulations about oil and chemical spills at workplaces is one of the key factors boosting the global industrial absorbents market. The use of industrial absorbents aids in complying with various state and federal regulations, such as the
Consciousness about and pressure to follow stringent environment-related regulations meant for oil spill control and reduction in pollution caused due to spills is increasing, thereby boosting the growth of the global industrial absorbents market.
In terms of value,
Expanding oil & gas industry and rising demand for oil spill absorbent products are major factors anticipated to drive the industrial absorbents market in
Rising environment-related awareness and stringent government regulations regarding workplace safety and discharge of industrial effluents are the key factors propelling the demand for industrial absorbents across the globe.
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The industrial absorbents market in
Global Industrial Absorbents Market – Key Developments
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