At 3.6% CAGR, Middle East & Africa Industrial Absorbents Market is Projected to be worth US$ 625.75 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa industrial absorbents market was valued at US$ 472.72 million in 2023 and is expected to reach US$ 625.75 million by 2031, registering a CAGR of 3.6% from 2023 to 2031. Expansion of oil & gas and chemicals industries in progressing economies and biodegradable absorbents are among the critical factors attributed to drive the Middle East & Africa industrial absorbents market growth.

The chemicals industry in the Middle East continues its dominance in global petrochemical production. The diversification strategy implemented by several players in the petrochemical field is a factor favoring the growth of the chemicals industry in the Middle East. For instance, Saudi Aramco joined Dow Chemical to set up a joint venture that includes process units for the production of a wide range of chemicals, including glycol ethers, polyether polyols, polyolefin elastomers, isocyanates, and propylene glycol. Also, Saudi Aramco completed the acquisition of a 70% stake in SABIC through the Public Investment Fund of Saudi Arabia. This deal will allow both companies to integrate the businesses of petrochemicals and refining processes and meet the competitive needs of the market on a global scale. Thus, such developments in the oil & gas and chemicals industries in emerging countries are likely to create significant expansion opportunities for companies operating in the industrial absorbents market during the forecast period.

On the contrary, the fluctuating raw material prices hampers the growth of Middle East & Africa industrial absorbents market.

Based on product type, the Middle East & Africa industrial absorbents market is segmented into pads, rolls, pillows, booms, socks, and others. The booms segment held 31.6% market share in 2023, amassing US$ 149.37 million. It is projected to garner US$ 201.31 million by 2031 to register 3.8% CAGR during 2023–2031.

In terms of type, the Middle East & Africa industrial absorbents market is categorized into universal, oil-only, and hazmat/chemical. The hazmat/chemical segment held 42.8% share of Middle East & Africa industrial absorbents market in 2023, amassing US$ 202.52 million. It is anticipated to garner US$ 270.75 million by 2031 to expand at 3.7% CAGR during 2023–2031.

By end-use industry, the Middle East & Africa Industrial Absorbents market is segmented into oil & gas, chemical, food processing, healthcare, automotive, and others. The oil & gas segment held 44.6% share of Middle East & Africa industrial absorbents market in 2023, amassing US$ 210.99 million. It is projected to garner US$ 259.26 million by 2031 to expand at 2.6% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa industrial absorbents market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.0% share of Middle East & Africa industrial absorbents market in 2023. It was assessed at US$ 189.21 million in 2023 and is likely to hit US$ 256.17 million by 2031, registering a CAGR of 3.9% during 2023–2031.

Key players operating in the Middle East & Africa industrial absorbents market are 3M Co, Ansell Ltd, Brady Corp, TOLSA SA, SpillTech Environmental Inc, New Pig Corp, Empteezy Ltd, and Green Stuff Absorbents, among others.

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