IMARC Group, a leading market research company, has released a report titled “Absorbent Booms and Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global absorbent booms and socks market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.16 Billion by 2028, exhibiting a growth rate (CAGR) of 11.00% during 2023-2028.
Absorbent booms and socks are specially designed containment tools utilized to control, contain, and clean up spills of oils, chemicals, and other hazardous liquids. These products are made from absorbent materials that quickly soak up spills, allowing for swift containment and prevention of further spread. Absorbent booms, typically used in water environments, have the capability to float and are thus employed to contain spills on water surfaces, such as rivers, harbors, or oceans. Absorbent socks, on the other hand, are used on land and are particularly effective for controlling leaks around machines or storage areas in various industrial settings. These tools play a vital role in maintaining environmental safety, ensuring compliance with regulatory standards, and supporting effective spill management across different industries.
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Absorbent Booms and Socks Market Trends and Drivers:
The global absorbent booms and socks market is primarily driven by the increasing incidence of oil and chemical spills, along with stringent regulatory requirements for spill response. In addition, the rapid growth of industries, such as oil and gas, manufacturing, and shipping, where spill containment is of paramount importance, is contributing to the market growth. Besides this, the growing awareness about environmental protection and sustainability among the masses is further fueling the market expansion. Moreover, continuous technological advancements and innovations in materials are leading to the development of more effective and environmentally friendly absorbent booms and socks, thus propelling the market growth. Furthermore, the rise in trading activities and maritime transportation worldwide strengthens the need for robust spill containment solutions, creating a favorable outlook for the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
- Polypropylene
- Fibre
- Polyethylene
- Paper
- Others
Breakup by Application:
- Oil and Gas
- Chemical
- Food Processing
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company
- Cleaners Supermarket Pty Ltd.
- Fentex Ltd.
- iQSafety
- Meltblown Technologies Inc.
- New Pig Corporation
- PolySafe Products
- PSI Parker Systems Inc.
- Questar LLC
- W. W. Grainger Inc.
- Wipeco Inc.
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