Industrial Absorbents Products Market Size [2023-2030] | Rising Trends, Growing Demand And Supply menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
(MENAFN - Comserve) Shibuya-ku, Tokyo, Japan, Japan, Apr 26, 2021, 04:07 /Comserve / The report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast. The global market for industrial absorbent is expected to grow at a CAGR of more than 3% during the forecast period. Major factor driving the market studied is growing demand from oil & gas industry. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
Oil & Gas industry is expected to dominate the industrial absorbents market over the forecast period.
Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.