Absorbent Mats Market Size, Key Facts, Dynamics, Segments and Forecast Predictions 2023-2028
Global Absorbent Mats Market Top Leaders, Size, Share, Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Absorbent Mats Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global absorbent mats market, assessing the market based on its segments like types, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 3.2 billion
- Forecast CAGR (2023-2028): 5.85%
- Forecast Market Size (2027): USD 4.5 billion
The beneficial properties of absorbent mats including non-reactivity, sturdiness, durability, reusability, and recyclability are increasing their demand across end use industries, such as oil and gas, chemical, and food processing, among others, which is augmenting the growth of the market. Absorbent mats are designed to soak liquid and provide a clean surface, which helps to reduce any additional maintenance or cleaning costs. This is estimated to support the growth of the market. Furthermore, these mats come in different shapes and sizes, along with function specific materials such as oil absorbent mats and chemical absorbent mats, among others, depending upon the end use, which is expected to contribute to the market growth.
Absorbent Mats Industry Definition and Segmentation
Absorbent mats are mats that prevent leakage and spills of liquid components such as oil, water, and chemicals. These mats are available in polypropylene, PVC, nitrile, and rubber forms and can be customised according to shapes and sizes based on end use.
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On the basis of type, the market can be classified into:
- Polypropylene Absorbent Mats
- PVC Absorbent Mats
- Nitrile Absorbent Mats
- Rubber Absorbent Mats
Based on end use, the market can be divided into:
- Food Processing
- Industrial Manufacturing
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Absorbent Mats Market Trends
The global market for absorbent mats is growing on account of rising popularity in the food processing industry. Packed food products such as poultry, meat, fish, and vegetables release liquids that are soaked by absorbent mats to ensure hygiene of the packed products along with the hygienic storage of these products by preventing the released liquid from re-entering the packed product. Additionally, the risks associated with chemical spills on the human health can be minimised with the use of absorbent mats. This is projected to propel its demand in the chemical industry. These are some of the factors expected to supplement the growth of the market in the forecast period.
Key Market Players
The major players in the market are Notrax Justrite Safety Group, Liquid Safety Solutions (Spilfyter), New Pig Corporation, Little Rapids Corporation (Graham Medical), Safetec of America, Inc., McAllister Mills, Inc., COBA Europe Ltd, and Can-Ross Environmental Services Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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