(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.