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Petroleum Sorbent Pads Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 141
  • SKU: IRTNTR46594
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The petroleum sorbent pads market size is expected to increase to USD 37.46 million from 2021 to 2026, at a progressive CAGR of 5.55%.

The petroleum sorbent pads market research report extensively covers the market by the following demographic segmentation:

  • End-user - Oil and gas industry, chemical industry, manufacturing industry, and others
  • Geography - North America, APAC, Europe, Middle East and Africa, and South America 

The petroleum sorbent pads market vendors studied and compiled in this report are 3M Co., American Textile and Supply Inc., Brady Corp., Breg International Inc., Chemtex LLC, Darcy Products Ltd., ENPAC, Enretech Australasia Pty Ltd., Global Environmental Products Ltd., Global Spill, New Pig Corp., Norco Inc., Oil Dri Corporation of America, Supremex Equipments, and UNIQUE SAFETY SERVICES among others. One of the key highlights of this report is the valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Petroleum Sorbent Pads Market Size be During the Forecast Period?

Petroleum Sorbent Pads Market Size

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Petroleum Sorbent Pads Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing incidents of oil spills and pipeline ruptures is notably driving the petroleum sorbent pads market growth, although factors such as saturation and buoyancy of petroleum sorbent pads may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the petroleum sorbent pads industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Petroleum Sorbent Pads Market Driver

  • One of the key factors driving the global petroleum sorbent pads market growth is the increasing incidents of oil spills and pipeline ruptures.
  • 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 drive the market for petroleum sorbent pads.
    • 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.
    • In July 2020, clean-tech startup, Log 9 Spill Containment Pvt Ltd supplied 10,000 units of 'Made-in-India' Sorbene, a graphene oil absorbent pad, to clean up a major oil spill off the coast of the island nation of Mauritius.
  • The rise in such incidents will drive market growth during the forecast period. 

Key Petroleum Sorbent Pads Market Trend

  • An increase in oil spill preparedness programs is one of the key petroleum sorbent pads market trends that is expected to impact the industry positively in the forecast period.
  • Regulatory bodies such as OSHA mandate training for dealing with emergency situations in the event of an oil spill.
  • IMO aims at establishing programs and exercises for organizations involved in oil pollution response and the training of relevant personnel.
    • The organization has designed model courses: an instrumental tool for the delivery of global initiative, which aims at promoting petroleum spill training and preparedness program.
  • The US Environmental Protection Agency (EPA) introduced an oil spill prevention program in 1973 called 'Spill Prevention, Control, and Countermeasure (SPCC)' for the oil exploration and production industry.
  • Such factors will further support the market growth in the coming years.

Key Petroleum Sorbent Pads Market Challenge

  • One of the key challenges to the global petroleum sorbent pads market growth is the saturation and buoyancy of petroleum sorbent pads.
  • The pads lose their buoyancy when saturated as they come in contact with oil and water in the course of use.
  • Once the petroleum sorbent pads are saturated, they cannot recover oil any further and it becomes difficult to identify the level of saturation.
  • Sorbent pads, which are made from organic materials such as sawdust and straw, initially possess but eventually lose their affinity for fluids such as petroleum.
  • Thus, these sorbents become saturated and sink to the bottom after a very short span of use. 
  • Such factors may hamper the demand for sorbent pads in the coming years.

This petroleum sorbent pads market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global petroleum sorbent pads market as a part of the global oil field equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the petroleum sorbent pads market during the forecast period.

Who are the Major Petroleum Sorbent Pads Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • American Textile and Supply Inc.
  • Brady Corp.
  • Breg International Inc.
  • Chemtex LLC
  • Darcy Products Ltd.
  • ENPAC
  • Enretech Australasia Pty Ltd.
  • Global Environmental Products Ltd.
  • Global Spill
  • New Pig Corp.
  • Norco Inc.
  • Oil Dri Corporation of America
  • Supremex Equipments
  • UNIQUE SAFETY SERVICES

 

This statistical study of the petroleum sorbent pads market encompasses successful business strategies deployed by the key vendors. The petroleum sorbent pads market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • 3M Co. - The company offers petroleum sorbent pads such as 3M Oil Sorbent Sheets which is scrim on one side that increases strength and helps eliminate linting. 
  • 3M Co. - In December 2020, the company partnered with eMurmur. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The petroleum sorbent pads market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Petroleum Sorbent Pads Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the petroleum sorbent pads market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Petroleum Sorbent Pads Market?

Petroleum Sorbent Pads Market Market segmentation by region

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38% of the market's growth will originate from APAC during the forecast period. China is the key market for petroleum sorbent pads in APAC. Market growth in this region will be faster than the growth of the market in North America and Europe.

Rapid industrialization in countries such as India and China and growing end-user segments, such as the manufacturing and chemical industries, will facilitate the petroleum sorbent pads market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 in the region hampered the growth of the regional petroleum sorbent pads market in 2020. In H1 2020, several countries, including China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, implemented a partial or full lockdown due to the pandemic. However, with the initiation of mass COVID-19 vaccination drives in 2021 resulted in the restarting of oil and gas projects. For instance, in October 2021, China National Offshore Oil Corporation (CNOOC) started production from three oilfield projects located in the country, namely the Liuhua 21-2 oilfield in the eastern South China Sea, the Luda 6-2 oilfield in Liaodong Bay of Bohai Sea, and the Bozhong 26-3 oilfield expansion project. Thus, the deployment of new oil and gas pipelines as part of these projects will drive the demand for petroleum sorbent pads in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Petroleum Sorbent Pads Market?

Petroleum Sorbent Pads Market Segmentation

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The petroleum sorbent pads market share growth by the oil and gas segment will be significant during the forecast period. New oil and gas discoveries will enhance crude oil production, and there could be chances of oil spillage. This will boost the demand for petroleum sorbent pads during the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the petroleum sorbent pads market size and actionable market insights on post COVID-19 impact on each segment.

 

Petroleum Sorbent Pads Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.55%

Market growth 2022-2026

$ 37.46 million

Market structure

Fragmented

YoY growth (%)

4.98

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 38%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., American Textile and Supply Inc., Brady Corp., Breg International Inc., Chemtex LLC, Darcy Products Ltd., ENPAC, Enretech Australasia Pty Ltd., Global Environmental Products Ltd., Global Spill, New Pig Corp., Norco Inc., Oil Dri Corporation of America, Supremex Equipments, and UNIQUE SAFETY SERVICES

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive petroleum sorbent pads market growth during the next five years
  • Precise estimation of the petroleum sorbent pads market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the petroleum sorbent pads industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of petroleum sorbent pads market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Oil and gas industry - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Oil and gas industry - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Oil and gas industry - Year-over-year growth 2021-2026 (%)
  • 5.4 Chemical industry - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Chemical industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Chemical industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Chemical industry - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Chemical industry - Year-over-year growth 2021-2026 (%)
  • 5.5 Manufacturing industry - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Manufacturing industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Manufacturing industry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Manufacturing industry - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Manufacturing industry - Year-over-year growth 2021-2026 (%)
  • 5.6 Others - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 3M Co.
    • Exhibit 97: 3M Co. - Overview
    • Exhibit 98: 3M Co. - Business segments
    • Exhibit 99: 3M Co. - Key news
    • Exhibit 100: 3M Co. - Key offerings
    • Exhibit 101: 3M Co. - Segment focus
  • 10.4 Brady Corp.
    • Exhibit 102: Brady Corp. - Overview
    • Exhibit 103: Brady Corp. - Business segments
    • Exhibit 104: Brady Corp. - Key news
    • Exhibit 105: Brady Corp. - Key offerings
    • Exhibit 106: Brady Corp. - Segment focus
  • 10.5 Chemtex LLC
    • Exhibit 107: Chemtex LLC - Overview
    • Exhibit 108: Chemtex LLC - Product / Service
    • Exhibit 109: Chemtex LLC - Key offerings
  • 10.6 Darcy Products Ltd.
    • Exhibit 110: Darcy Products Ltd. - Overview
    • Exhibit 111: Darcy Products Ltd. - Product / Service
    • Exhibit 112: Darcy Products Ltd. - Key offerings
  • 10.7 ENPAC
    • Exhibit 113: ENPAC - Overview
    • Exhibit 114: ENPAC - Product / Service
    • Exhibit 115: ENPAC - Key offerings
  • 10.8 Global Environmental Products Ltd.
    • Exhibit 116: Global Environmental Products Ltd. - Overview
    • Exhibit 117: Global Environmental Products Ltd. - Product / Service
    • Exhibit 118: Global Environmental Products Ltd. - Key offerings
  • 10.9 Global Spill
    • Exhibit 119: Global Spill - Overview
    • Exhibit 120: Global Spill - Product / Service
    • Exhibit 121: Global Spill - Key offerings
  • 10.10 New Pig Corp.
    • Exhibit 122: New Pig Corp. - Overview
    • Exhibit 123: New Pig Corp. - Product / Service
    • Exhibit 124: New Pig Corp. - Key offerings
  • 10.11 Norco Inc.
    • Exhibit 125: Norco Inc. - Overview
    • Exhibit 126: Norco Inc. - Product / Service
    • Exhibit 127: Norco Inc. - Key offerings
  • 10.12 Oil Dri Corporation of America
    • Exhibit 128: Oil Dri Corporation of America - Overview
    • Exhibit 129: Oil Dri Corporation of America - Business segments
    • Exhibit 130: Oil Dri Corporation of America - Key offerings
    • Exhibit 131: Oil Dri Corporation of America - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Petroleum Sorbent Pads market growth will increase by $37.46 million during 2022-2026.
The petroleum sorbent pads market is expected to grow at a CAGR of 5.55% during 2022-2026.
Technavio has segmented the petroleum sorbent pads market by end-user (Oil and gas industry, Chemical industry, Manufacturing industry, and Others) and geographic (North America, APAC, Europe, Middle East and Africa, and South America).
3M Co., American Textile and Supply Inc., Brady Corp., Breg International Inc., Chemtex LLC, Darcy Products Ltd., ENPAC, Enretech Australasia Pty Ltd., Global Environmental Products Ltd., Global Spill, New Pig Corp., Norco Inc., Oil Dri Corporation of America, Supremex Equipments, UNIQUE SAFETY SERVICES are a few of the key vendors in the petroleum sorbent pads market.
APAC will register the highest growth rate of 37.96% among the other regions. Therefore, the petroleum sorbent pads market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the petroleum sorbent pads market growth are:
  • Increasing incidents of oil spills and pipeline ruptures
  • Increase in oil spill preparedness programs
The petroleum sorbent pads market vendors should focus on grabbing business opportunities from the oil and gas industry segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Five-force market analysis

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