Petroleum Sorbent Pads Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Petroleum Sorbent Pads Market 2024-2028

The petroleum sorbent pads market size is forecast to increase by USD 46.42 million, at a CAGR of 5.77% between 2023 and 2028. The report includes historic market data from 2018 - 2022. The market is witnessing a growing demand for the increase in oil spill preparedness programs, recycled petroleum sorbent pads, and the increasing adoption of UV-resistant sorbent pads.

Petroleum Sorbent Pads Market Overview :

• The market segmentation by Type is categorized as lightweight pads, mediumweight pads, and heavyweight pads
• The market segmentation by End-user is categorized as oil and gas industry, chemical industry, manufacturing industry, and others
• The lightweight pads segment is fastest fastest-growing segment during the forecast year
• The lightweight pads segment was the largest segment and was valued at USD 47.03 million in 2018.
• The Regional Analysis consists of North America, APAC, Europe, Middle East and Africa, and South America
• APAC is is most dominating region during the forecast period
•  It also includes an in-depth analysis of the increasing incidents of oil spills and pipeline ruptures, the increase in oil spill preparedness programs, and the disposal of sorbent pads

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Petroleum Sorbent Pads Market Trends 

A key factor shaping the petroleum sorbent pads market growth is the increase in oil spill preparedness programs. There has been an increase in training activities related to oil spills, which requires an understanding of the concerns of environmental damages and hazards caused due to oil spills. In addition, regulatory bodies such as OSHA mandate training for dealing with emergency situations in the event of an oil spill.

Moreover, apart from OSHA, there are several other organizations, such as the IMO, which take up the implementation of effective national response systems and international cooperation mechanisms in cases of major oil spills. In addition, the organization has designed model courses, an instrumental tool for the delivery of global initiatives, which aims at promoting petroleum spill training and preparedness programs. Hence, suhc factors are driving the market growth during the forecast period.

Petroleum Sorbent Pads Market  Largest-Growing Segments 

Lightweight Pads Segment

The lightweight pads segment is estimated to witness significant growth during the forecast period. Lightweight petroleum sorbent pads segment are absorbent materials designed to selectively absorb oil and repel water. In addition, these pads are commonly used in environmental cleanup situations to contain and absorb oil spills on land or water surfaces. Furthermore, their lightweight feature makes them easy to handle and deploy quickly in emergency situations.

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 Moreover, as environmental consciousness continues to grow and industries seek more effective and sustainable solutions, the demand for these sorbent pads is likely to remain steady or even increase in certain sectors. In addition, industries dealing with oil, chemicals, or hazardous materials have heightened their focus on spill prevention and cleanup. Furthermore, this has led to a rise in demand for lightweight sorbent pads, as they offer higher absorption capacities to manage larger spills effectively. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Petroleum Sorbent Pads Market Regional Analysis

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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

Another region offering significant growth opportunities to companies is North America. The demand for petroleum sorbent pads in North America will witness significant growth due to comprehensive and stringent safety regulations from regulatory bodies such as OSHA. In addition, stringent worker safety regulations and high worker compensation in the event of workplace injuries have facilitated the adoption of oil spill kits and worker compliance. Moreover, the growth seen in the oil and gas industry and the manufacturing industry will propel the demand for petroleum sorbent pads. In addition, the growth in the oil and gas industry in North America will be due to the declining cost of production of shale oil, which will help the US shale oil producers to benefit from the stabilizing price of crude oil. Hence, such factors are driving the market growth in North America during the forecast period.

Petroleum Sorbent Pads Market Dynamics

Key Driver of Petroleum Sorbent Pads Market

One of the key factors driving the petroleum sorbent pads market growth is the increasing incidents of oil spills and pipeline ruptures. A majority of these incidents threaten natural resources, public property, and life. In addition, the rise in oil spills can be attributed to the increase in the transportation of crude oil through sea routes and pipelines, which is expected to fuel the market for petroleum sorbent pads.

Moreover, petroleum sorbent pads are required to mitigate the harmful effects of liquid petroleum hydrocarbons released into the environment. For example. In October 2021, an undersea oil pipeline ruptured off the Southern California coast and spilled 25,000 gallons of crude into the water, owing to the anchor from a massive cargo ship damaging the pipelines during a heavy windstorm. Hence, such factors are driving the market growth during the forecast period.

Significance Challenges of Petroleum Sorbent Pads Market

The disposal of sorbent pads is one of the key challenges hindering the petroleum sorbent pads market growth. It has become important to recover petroleum sorbent pads post their use, as they become a source of pollution if left to decompose. In addition, loose particles of petroleum sorbent pads can disbalance the marine ecosystem. Furthermore, the use of sorbent pads is not recommended in the maricultural region as this could harm aquatic vegetation.

Moreover, the proper disposal of sorbent pads is essential as it can lead to contamination because the ones widely used are made from synthetic and inorganic materials. In addition, the disposal option for sorbent pads is very limited, and the process is often time-consuming and labor-intensive. Furthermore, loose sorbent material may clog waste streams, thus compounding the problem of disposal. Hence, such factors are hindering the market growth during the forecast period.

Petroleum Sorbent Pads Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Petroleum Sorbent Pads Market Customer Landscape

Major Petroleum Sorbent Pads Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co: The company offers petroleum sorbent pads such as 3M petroleum sorbent pad for use in oil only Sorbent applications.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• American Textile and Supply Inc.
• Brady Corp.
• Breg Environmental
• Darcy Products Ltd.
• ENPAC
• Enretech Australasia Pty Ltd.
• Environmental XPRT
• Filpro Corp.
• Global Spill and Safety
• Meltblown Technologies Inc.
• New Pig Corp.
• Norco Inc.
• Oil Dri Corp. of America
• Shanghai SYSBEL Industry and Technology Co. Ltd.
• Supremex Equipments
• Twin Specialties Corp.
• UC Marine Co Ltd.
• Unique Safety Services
• RS GROUP

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The petroleum sorbent pads market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Type Outlook
  • Lightweight pads
  • Mediumweight pads
  • Heavyweight pads
• End-user Outlook
  • Oil and gas industry
  • Chemical industry
  • Manufacturing industry
  • Others
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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What are the Key Data Covered in this Petroleum Sorbent Pads Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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