South & Central America Industrial Absorbents Market Forecast to 2028-Regional Analysis by Product Type (Pads, Rolls, Pillows, Booms, Socks, and Others), Type (Universal, Oil-Only, and Hazmat/Chemical), and End-Use Industry (Oil and Gas, Chemical, Food Processing, Healthcare, Automotive, and Others)
The South & Central America industrial absorbents market is expected to grow from US$ 182.15 million in 2022 to US$ 225.65 million by 2028. It is estimated to grow at a CAGR of 3.6% from 2022 to 2028.
Biodegradable Absorbents Drive South & Central America Industrial Absorbents Market
Biocompatibility and degradability are the two main aspects of superabsorbent biodegradable polymers. These materials combine synthetic and renewable raw materials. Superabsorbent materials are essential components in baby diapers. To reduce environmental impact, industrial absorbent manufacturers are focusing on innovations in all-cotton oil absorbents. Biodegradable absorbents are highly popular in the industrial absorbent market since they address the challenges related to microplastic pollution. Companies are focusing on expanding their product offerings to local garages and offshore facilities to solve the problem of oil spills. The companies in the South & Central America industrial absorbents market are also looking for innovative natural materials to develop lightweight absorbents. Industrial absorbents made with natural materials help manufacturing companies comply with environmental regulations. These absorbents are being extensively used to clean hazardous hydrocarbon oil spills in the most environmentally friendly way. Thus, companies in the South & Central America industrial absorbents market are significantly investing in research and development to develop eco-friendly absorbents that soak petroleum products.
South & Central America Industrial Absorbents Market Overview
The South & Central America industrial absorbents market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America. In South & Central America, the demand for industrial absorbents is driven by the high use of industrial absorbents in different industries. Industrial absorbents are widely used in oil & gas, food processing, manufacturing, healthcare, and mining industries in the region. The economic growth of the region is largely dependent on the manufacturing industry, and the emergence of manufacturing sector is expected to fuel the growth of the South & Central America industrial absorbents market over the coming years. Moreover, the growing meat export from the region to other countries is likely to enhance the market growth of industrial absorbents during the forecast period. Further, according to the Association of Oil, Gas and Renewable Energy Companies in Latin America and the Caribbean, countries in South & Central America such as Argentina, Brazil, Colombia, and Venezuela dominate the oil and gas production. According to the US Energy Information Administration, more than 90% of Brazil's oil production is extracted from deepwater oil fields offshore. In addition, Brazil has ~13 billion barrels in oil reserves, which is the second largest in South & Central America after Venezuela. To reduce the impact of oil spills on the environment, governments in South & Central America are complying with safety requirements by increasing the volume of industrial absorbents at the oil processing facilities. These factors are anticipated to bolster the demand for absorbents in South & Central America.
South & Central America Industrial Absorbents Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Industrial Absorbents Market Segmentation
The South & Central America industrial absorbents market is segmented into product type, type, end-use industry, and country.
Based on product type, the South & Central America industrial absorbents market is segmented into pads, rolls, pillows, booms, socks, and others. In 2022, the booms segment registered a largest share in the South & Central America industrial absorbents market.
Based on type, the South & Central America industrial absorbents market is segmented into universal, oil-only, and hazmat/chemical. In 2022, the hazmat/chemical segment registered a largest share in the South & Central America industrial absorbents market.
Based on end-use industry, the South & Central America industrial absorbents market is segmented into oil and gas, chemical, food processing, healthcare, automotive, and others. In 2022, the oil and gas segment registered a largest share in the South & Central America industrial absorbents market.
Based on country, the South & Central America industrial absorbents market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered a largest share in the South & Central America industrial absorbents market.
3M Co, Ansell Ltd, Brady Corp, Decorus Europe Ltd, Meltblown Technologies Inc, and Tolsa SA are the leading companies operating in the South & Central America industrial absorbents market.
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Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the industrial absorbents market, as well as those hindering it
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 South & Central America Industrial Absorbents Market – By Product Type
- 1.3.2 South & Central America Industrial Absorbents Market – By Type
- 1.3.3 South & Central America Industrial Absorbents Market – End-Use Industry
- 1.3.4 South & Central America Industrial Absorbents Market – By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. South & Central America Industrial Absorbents Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
- 5. South & Central America Industrial Absorbents Market – Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Increased Use in Different End-Use Industries
- 5.1.2 Growing Environmental Concerns Concerning Chemical and Oil Spills
- 5.2 Market Restraints
- 5.2.1 Fluctuating Raw Material Prices
- 5.3 Future Trends
- 5.3.1 Biodegradable Absorbents
- 5.4 Impact Analysis of Drivers and Restraints
- 6. Industrial Absorbents – South & Central America Market Analysis
- 6.1 South & Central America Industrial Absorbents Market Forecast and Analysis
- 7. South & Central America Industrial Absorbents Market Analysis – By Product Type
- 7.1 Overview
- 7.2 South & Central America Industrial Absorbents Market, By Product Type (2021 and 2028)
- 7.2.1 Pads
- 7.2.1.1 Overview
- 7.2.1.2 Pads: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.2.2 Rolls
- 7.2.2.1 Overview
- 7.2.2.2 Rolls: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.2.3 Pillows
- 7.2.3.1 Overview
- 7.2.3.2 Pillows: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.2.4 Booms
- 7.2.4.1 Overview
- 7.2.4.2 Booms: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.2.5 Socks
- 7.2.5.1 Overview
- 7.2.5.2 Socks: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 7.2.6 Others
- 7.2.6.1 Overview
- 7.2.6.2 Others: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 8. South & Central America Industrial Absorbents Market Analysis – By Type
- 8.1 Overview
- 8.2 South & Central America Industrial Absorbents Market, By Type (2021 and 2028)
- 8.3 Universal
- 8.3.1 Overview
- 8.3.2 Universal: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.4 Oil-Only
- 8.4.1 Overview
- 8.4.2 Oil-Only: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 8.5 Hazmat/Chemical
- 8.5.1 Overview
- 8.5.2 Hazmat/Chemical: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9. South & Central America Industrial Absorbents Market Analysis – By End-Use Industry
- 9.1 Overview
- 9.2 South & Central America Industrial Absorbents Market, By End-Use Industry (2021 and 2028)
- 9.3 Oil and Gas
- 9.3.1 Overview
- 9.3.2 Oil and Gas: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9.4 Chemical
- 9.4.1 Overview
- 9.4.2 Chemical: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9.5 Food Processing
- 9.5.1 Overview
- 9.5.2 Food Processing: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9.7 Automotive
- 9.7.1 Overview
- 9.7.2 Automotive: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: South & Central America Industrial Absorbents Market – Revenue and Forecast to 2028 (US$ Mn)
- 10. South & Central America Industrial Absorbents Market Country Analysis
- 10.1 Overview
- 10.1.1 South & Central America: Industrial Absorbents Market, by Key Country
- 10.1.1.1 Brazil: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 Brazil: Industrial Absorbents Market, by Product Type
- 10.1.1.1.2 Brazil: Industrial Absorbents Market, by Type
- 10.1.1.1.3 Brazil: Industrial Absorbents Market, by End-Use Industry
- 10.1.1.2 Argentina: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Argentina: Industrial Absorbents Market, by Product Type
- 10.1.1.2.2 Argentina: Industrial Absorbents Market, by Type
- 10.1.1.2.3 Argentina: Industrial Absorbents Market, by End-Use Industry
- 10.1.1.3 Rest of South & Central America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 Rest of South & Central America: Industrial Absorbents Market, by Product Type
- 10.1.1.3.2 Rest of South & Central America: Industrial Absorbents Market, by Type
- 10.1.1.3.3 Rest of South & Central America: Industrial Absorbents Market, by End-Use Industry
- 11. Company Profiles
- 11.1 3M Co
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Ansell Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Brady Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Decorus Europe Ltd
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Meltblown Technologies Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Tolsa SA
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. South & Central America Industrial Absorbents Market Revenue Forecast to 2028 (US$ Mn)
- Table 2. Brazil Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Brazil Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Brazil Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Argentina Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Argentina Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Argentina Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Rest of South & Central America Industrial Absorbents Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Rest of South & Central America Industrial Absorbents Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Rest of South & Central America Industrial Absorbents Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Glossary of Terms, South & Central America Industrial Absorbents Market
- LIST OF FIGURES
- Figure 1. South & Central America Industrial Absorbents Market Segmentation
- Figure 2. South & Central America Industrial Absorbents Market Segmentation – By Country
- Figure 3. South & Central America Industrial Absorbents Market Overview
- Figure 4. Hazmat/Chemical Segment Holds the Largest Share
- Figure 5. Brazil Held Largest Share of Industrial Absorbents Market in 2021
- Figure 6. Porter's Five Forces Analysis
- Figure 7. Ecosystem: South & Central America Industrial Absorbents Market
- Figure 8. Expert Opinion
- Figure 9. South & Central America Industrial Absorbents Market: Impact Analysis of Drivers and Restraints
- Figure 10. South & Central America Industrial Absorbents Market Forecast and Analysis, 2020–2028 (US$ Mn)
- Figure 11. South & Central America Industrial Absorbents Market Revenue Share, By Product Type (2021 and 2028)
- Figure 12. Pads: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 13. Rolls: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 14. Pillows: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 15. Booms: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 16. Socks: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 17. Others: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 18. South & Central America Industrial Absorbents Market Revenue Share, By Type (2021 and 2028)
- Figure 19. Universal: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 20. Oil-Only: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 21. Hazmat/Chemical: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 22. South & Central America Industrial Absorbents Market Revenue Share, By End-Use Industry (2021 and 2028)
- Figure 23. Oil and Gas: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 24. Chemical: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 25. Food Processing: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 26. Healthcare: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 27. Automotive: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 28. Others: South & Central America Industrial Absorbents Market – Revenue and Forecast To 2028 (US$ Mn)
- Figure 29. South & Central America: Industrial Absorbents Market, by Key Country - Revenue (2021) (US$ Million)
- Figure 30. South & Central America: Industrial Absorbents Market Revenue Share, by Key Country (2021 and 2028)
- Figure 31. Brazil: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 32. Argentina: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 33. Rest of South & Central America: Industrial Absorbents Market –Revenue and Forecast to 2028 (US$ Million)
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