Absorbent Booms Socks Market
Absorbent Booms & Socks Market: Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029
- Ongoing
- June 2020
- REP-GB-9969
-
This Absorbent Booms Socks market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Absorbent Booms Socks market.
Absorbent Booms & Socks Market: An Overview
Absorbent booms & socks are flexible tubes which are widely used to absorbed oils, chemicals, coolants, solvents, water, and petroleum-based fluids, along with spill of unknown liquids. Manufactured from a variety of materials such as polypropylene, fiber, polyethylene, paper, and others, absorbent booms and socks are broadly used in industrial applications and are perfect for cleaning-up spilled fluid. Absorbent booms & socks are available in a variety of product types such as universal, oil only, chemical only and hazmat with different sizes. Absorbent booms & socks are flexible which allows them to surround spill and prevent the liquid from spreading in the workplace. Thus by absorbing and retaining spill, absorbent booms and socks contribute to a cleaner and safer work environments. Overall, the global outlook for absorbent booms & socks market is likely to remain optimistic during the forecast period.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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Absorbent booms & socks are gaining acceptance as an everyday working tool for major industries, including oil and gas, chemical plants, food processing, healthcare, and others. Brilliant properties of absorbent booms and socks such as durability, ease of use, high absorbency, inertness towards absorbed liquid, and reusability make them a perfect choice for industries to improve efficiency and safety at the workplace. Such factors are likely to heighten the growth of the global absorbent booms & socks market during the forecast period. Expansion of end-use industries across the globe and rising demand for spill kits products to improve productivity and safety in the workplace are likely to create significant demand for absorbent booms & socks during the forecast period. However, the increasing numbers of players and fluctuation in raw material prices are expected to hamper the growth of global absorbent booms & socks market during the forecast period. Manufacturing of absorbent booms & socks is offering specialized, customized, cost-effective and eco-friendly absorbent booms & socks in order to gain grip in the market. Overall, the global absorbent booms & socks are likely to expand with notable CAGR during the forecast period.
Absorbent Booms & Socks Market: Regional Outlook
The healthy growth rate of end-use industries in the Asia Pacific excluding Japan (APEJ) region and the growing demand for spill kit products to prevent harm from any spillage is likely to create substantial demand for absorbent booms & socks throughout the forecast period. China is expected to be at the forefront in terms of market share of absorbent booms & socks market during the forecast period. Europe is a significant shareholder of global absorbent booms & socks market and likely to expand with notable CAGR during the forecast period. In terms of absorbent booms & socks market share, Germany expected to be dominant throughout the forecast period. Latin America and the Middle East & Africa are considerable shareholders of the global absorbent booms & socks market and are anticipated to be promising regions for the growth of absorbent booms & socks market during the forecast period. North America region is expected to register healthy CAGR of absorbent booms & socks market during the forecast period.
Absorbent Booms & Socks Market: Key Players
Examples of some of the key players operating in the global absorbent booms & socks market are:
- 3M Company
- Oil-Dri Corporation of America
- Wipeco Industries., Inc.
- Fentex Ltd
- ESP US
- The Cary Company
- Meltblown Technologies Inc.
- PolySafe Products
- PSI Parker Systems, Inc.
- IQ Safety
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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Absorbent Booms & Socks Market: Segmentation
On the basis of material, the absorbent booms & socks market is segmented into:
- Polypropylene (PP)
- Fiber
- Polyethylene (PE)
- Paper
- Others
On the basis of product type, the absorbent booms & socks market is segmented into:
- Universal Absorbent Booms & Socks
- Oil Absorbent Booms & Socks
- Chemical Absorbent Booms & Socks
- Hazmat Absorbent Booms & Socks
On the basis of length, the absorbent booms & socks market is segmented into:
- Less than 2 foot
- 2 – 5 foot
- 6 – 10 foot
- 11 – 15 foot
- More than 15 foot
On the basis of end use, the absorbent booms & socks market is segmented into:
- Oil and Gas
- Chemical
- Food Processing
- Healthcare
- Others
Absorbent Booms & Socks Market Reports Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What will you discover from Absorbent Booms Socks Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Absorbent Booms Socks Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Absorbent Booms Socks Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Absorbent Booms Socks Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)
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Akshay Godge
Client Partner - Global Business Development