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Technavio has announced its latest market research report titled Petroleum Sorbent Pads Market by End-user and Geography - Forecast and Analysis 2021-2025
The petroleum sorbent pads market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
Market Segmentation by End-user:
Based on the segmentation by end-user, the market generated maximum revenue in the passenger vehicles segment in 2020. The increasing manufacturing activities and emerging economies will contribute to the growth of the oil absorbent pads market. The growth of the segment will be significant over the forecast period.