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3. 3M Company (US) and Johnson Matthey Plc (UK) are Leading Players in the Industrial Absorbents Market

The industrial absorbents market is projected to grow from USD 4.3 billion in 2023 to USD 5.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. The oil & gas segment is the chief consumer of industrial absorbents owing to the high demand for absorbent products to control, contain, and recover petroleum, oil, and LNG during operations and spillages. Countries in North America and Europe have stringent regulations with respect to the oil & gas industry. These regulations are directed toward preventing and controlling spill occurrences by the use of spill control products. There is also a significant demand for industrial absorbents in the chemical industry. Hazardous chemicals, such as concentrated hydrochloric acid, acetylene, butane, ethylene, and mercury have a harmful effect on the health of humans and the environment. Therefore, industrial absorbents, especially HAZMAT absorbent products, are widely used in the chemical industry.

Companies such as 3M Company (US), Brady Corporation (US), Decorus Europe Ltd. (UK), Johnson Matthey Plc (UK), Kimberly-Clark Professional (US), Meltblown Technologies Inc. (US), Monarch Green, Inc. (US), New Pig Corporation (US), and Oil-Dri Corporation of America (US), and others are key players in the global industrial absorbents market. These players have been focusing on developmental strategies, such as expansions, mergers & acquisitions, partnerships, and new product launches & developments, which have helped them expand their businesses in untapped and potential markets. They have also adopted various organic and inorganic growth strategies, such as mergers, acquisitions, and expansions, to enhance their current positions in the industrial absorbents market.

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3M Company

3M is a global manufacturing entity with research and development arms spanning over 45 countries, boasts ownership of 51 technology platforms encompassing various fields like adhesives, ceramics, and nanotechnology. Its versatile products find utility across multiple sectors such as healthcare, automotive, electronics, energy, and consumer goods.

Divided into four distinct business segments—safety and industrial, transportation & electronics, health care, and consumer—3M showcases its industrial absorbents within the transportation & electronics arm. With a footprint in more than 25 countries, operating over 75 manufacturing facilities including locations in Germany, Belgium, and others, the company holds regional influence in Asia Pacific, Europe, the Americas, and the Middle East & Africa.

Johnson Matthey Plc

Johnson Matthey Plc, a multinational specializing in specialty chemicals and sustainable technologies, navigates through market segments including clean air, efficient natural resources, and others. Under the efficient natural resources segment's process technologies unit, it provides industrial absorbents. Its market presence spans automotive, chemicals, pharmaceutical & medical, oil and gas, agrochemicals & fertilizers, food & beverage, energy generation & storage, and glass sectors across North America, South America, Europe, Asia, and Australia.

ANSELL Ltd.

Ansell Limited focuses on delivering health and safety protection solutions, particularly in the healthcare industry. Operating via healthcare and industrial segments, it excels as a global leader in protection solutions. Ansell's industrial absorbents, such as floor pads, fall under the healthcare segment. With a network comprising 24 warehouses, 14 manufacturing facilities, 18 R&D centers, 14,000+ employees, and customers across 100+ countries, it maintains a robust presence in North America, Europe, Middle East & Africa, Asia Pacific, Latin America, and the Caribbean.

Brady Corporation

Brady Corporation specializes in manufacturing and distributing specialty materials and identification solutions, organized into two business segments—Identification Solutions (IDS) and Workplace Safety (WPS). Its industrial absorbents, marketed under the IDS segment via the Brady SPC brand, cater to a diverse customer base across electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace, and various other industries. Geographically, Brady Corporation extends its reach across North America, South America, Europe, Asia, Australia, and Africa.

Oil-Dri Corporation of America

Oil-Dri Corporation of America holds a prominent position in the market for developing, manufacturing, and distributing sorbent products. With business split into retail and wholesale products and business-to-business products, it offers industrial absorbents under the retail and wholesale products segment. Primarily dealing in clay-based absorbents along with polypropylene- and recycled cotton-based options, its industrial absorbents find application in industrial and automotive settings.

Related Reports:

Industrial Absorbents Market by Material type (natural organic & inorganic, synthetic), Product (pads, booms & socks), Type (universal, oil-only, HAZMAT), End-use industry (oil & gas, chemical, food processing), and Region - Global forecast to 2028

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