High demand for environmentally friendly and high-performance absorbents will continue to drive the industrial absorbents market as industries seek sustainable solutions to manage spills and mitigate environmental risks.
WILMINGTON, Del., Oct. 18, 2023 /PRNewswire/ -- The global industrial absorbents market stood at US$ 4.5 billion in 2022, and the global market is projected to reach US$ 6.4 billion in 2031. The global industrial absorbents market is anticipated to expand at a CAGR of 4% between 2023 and 2031.
The industrial absorbents market has experienced substantial revenue growth, primarily driven by a confluence of factors such as growing environmental concerns, increasingly stringent regulatory frameworks, and heightened awareness of occupational safety. Industries including manufacturing, petrochemicals, automotive, and healthcare have come to heavily rely on industrial absorbents to respond to spillage incidents and mitigate their potential consequences swiftly.
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