Add 2 More Reports For 20% off

Report Overview

The absorbent booms and socks market value reached around USD 1.92 Billion in 2023. Several key factors have driven this growth, including the rising demand for effective spill containment solutions across industries such as oil and gas and chemicals, driven by stringent environmental regulations and safety standards. The industry is expected to grow at a CAGR of 9.70% during the forecast period of 2024-2032 to attain a value of USD 4.42 Billion by 2032. The expansion of end-use industries like healthcare, food processing, and manufacturing further propels market growth as these sectors are increasingly focusing safety.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • As per industry reports of 2023, a total of 10 oil spills were documented in the United States, Europe, and Asia, releasing an estimated 2,000 tons of oil, including very low sulfur fuel oil (VLSFO), crude oil, and gasoline. This increase in oil spill incidents underscores the urgent need for effective spill containment solutions, driving demand for absorbent booms and socks.
  • From 2021 to 2023, the United States experienced over 825 reported incidents involving hazardous chemical spills, with more than 270 such incidents recorded in 2023 alone. This trend has further fuelled absorbent booms and socks demand that can efficiently contain and clean up hazardous materials.
  • The principal regulations governing spill containment, such as the Spill Prevention, Control, and Countermeasure (SPCC) Rule and Hazardous Waste Regulations (40 CFR Part 265), emphasize the necessity of using absorbent booms and socks to comply with safety standards. As industries face increasing regulatory scrutiny and a growing number of spill incidents, the market for absorbent booms and socks is expected to continue expanding significantly.

Compound Annual Growth Rate

Value in USD Billion

9.7%

2024-2032


Absorbent Booms and Socks Market Outlook

*this image is indicative*

Absorbent Booms and Socks Market Growth

Absorbent booms and socks are absorbent materials that are produced from polypropylene, polyethylene, and fibre, among others. They are typically used to absorb and contain liquids to enhance the cost-effectiveness and productivity of various industrial applications. Absorbent booms and socks find their applications in industries, such as healthcare, oil and gas, and chemicals, among others.

The growth of the absorbent booms and socks market is largely influenced by the rising need for effective spill containment solutions across a range of industries, notably in oil and gas, chemicals, and manufacturing. Absorbent booms and socks are resistant to wear and tear and provide prolonged durability, which makes them ideal for utilisation in these industries. Moreover, the availability of absorbent booms and socks in diverse sizes is surging their use in various applications, thus strengthening the industry growth.

The introduction of various stringent regulations by governments, such as the Oil Pollution Act in the United States, to enhance workers’ safety is also driving the absorbent booms and socks demand growth to prevent chemical spills, which is estimated to provide impetus to the market growth in the forecast period. For instance, the U.S. Environmental Protection Agency (EPA) mandates that facilities storing over 1,320 gallons of oil implement spill prevention strategies, which frequently incorporate absorbent products for emergency situations. Furthermore, industries are progressively using absorbent booms and socks to mitigate hazardous spills, thus reducing environmental harm, and reducing cleanup expenses. In 2020, the EPA documented more than 11,000 oil spills in U.S. waters, underscoring the urgent need for effective containment measures.

Global Absorbent Booms and Socks Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends and Developments

Absorbent Booms and Socks Market Trends

Another crucial trend influencing the market is the emergence of advanced and high-capacity absorbent materials that exhibit superior performance attributes and can manage larger spills more effectively. For instance, certain products are now capable of absorbing up to 20 times their weight in oil, which significantly decreases the time and resources required for spill management.

This heightened efficiency directly contributes to reducing downtime and operational expenses for industries such as manufacturing and shipping, further stimulating market growth. According to the U.S. Coast Guard's National Response Center, over 8,500 spill incidents were effectively contained using advanced absorbent technologies in 2022, and this number is projected to rise by 10% in 2024 due to increased industrial activity and advancements in spill response technologies.

Absorbent Booms and Socks Market Restraints

One of the primary challenges hindering the expansion of the absorbent booms and socks market is the elevated cost associated with eco-friendly absorbent materials, which can be a significant obstacle for small and medium-sized enterprises (SMEs). For instance, biodegradable absorbent booms crafted from natural fibers may be priced up to 30% higher than conventional synthetic alternatives, complicating the adoption of these products by smaller firms. A 2023 survey conducted by the International Spill Control Organisation (ISCO) indicated that more than 40% of SMEs in manufacturing and chemical processing sectors perceive the expense of absorbent products as a major impediment, resulting in altered absorbent booms and socks demand forecast.

Furthermore, the volatility of raw material prices, particularly for oil-derived products used in synthetic absorbents, has led to market fluctuations. The International Energy Agency (IEA) noted a 12% rise in the prices of synthetic absorbent materials in 2023, attributed to increasing oil prices. This surge in costs affects the accessibility of these products, especially for businesses in developing regions where environmental regulations are less stringent. Consequently, the market for absorbent booms and socks in these areas is projected to experience a slower growth rate in contrast to the growth anticipated in more regulated markets such as North America and Europe.

Global Absorbent Booms and Socks Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Absorbent Booms and Socks Industry Segmentation

“Absorbent Booms and Socks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Polypropylene
  • Fibre
  • Polyethylene
  • Paper
  • Others

Market Breakup by Application

  • Oil and Gas
  • Chemical
  • Food Processing
  • Healthcare 
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Absorbent Booms and Socks Market Share

Market Analysis by Product Type

Polypropylene-based absorbent products lead the market due to their exceptional absorption capabilities and adaptability in managing oil, water, and chemical spills. With the global production of polypropylene reaching 150,000 tonnes per year, the segment’s is poised to witness growth. The demand for these absorbents has particularly surged in the oil and gas sectors, where they are essential for large-scale spill containment. The U.S. Environmental Protection Agency (EPA) has also recognised polypropylene absorbents for oil spill remediation due to their capacity to absorb up to 20 times their weight in oil.

In contrast, fiber-based absorbents, including those derived from natural materials such as cotton, corn, and wool, are increasingly being favoured as eco-friendly alternatives. As governments advocate for sustainable practices, the demand for fiber absorbents is rising, especially in Europe, where environmental regulations are more stringent. The European Commission reported a 15% increase in the use of fiber-based absorbents in 2024, with production reaching 80,000 tonnes annually. As per absorbent booms and socks industry analysis, these absorbents are mainly favoured in the marine sector due to their biodegradability and minimal environmental impact.

Polyethylene absorbents, on the other hand, are appreciated for their affordability and chemical resistance, making them prevalent in sectors like manufacturing and chemical processing. However, their market share remains smaller than that of polypropylene due to their inferior absorption capacity. They are typically employed for minor spills in less environmentally sensitive locations.

Paper-based absorbents, while not as durable as synthetic alternatives, offer a cost-effective and biodegradable option for managing minor spills. These products are predominantly used in environments with lower hazards, such as workshops and laboratories. As per absorbent booms and socks market overview, there was a rise in adoption of paper absorbents in 2023 due to rising annual paper production, estimated at approximately 30,000 tonnes. Their eco-friendly nature and ease of disposal make them particularly suitable for small spills in automotive and food processing sectors.

Market Analysis by Application

In the oil and gas industry, absorbent booms and socks play a crucial role in containing and cleaning oil spills that occur during extraction, transportation, and storage due to their resistance to acids and hydrocarbon fluids. Additionally, these products can absorb water-based fluids, allowing for the efficient containment of hydrocarbon substances such as diesel, vegetable oils, and hydraulic oils. The rising frequency of offshore oil spills has led to an increased demand for absorbents in this sector. For example, the U.S. Environmental Protection Agency (EPA) documented more than 12,000 oil spills in 2023, highlighting the urgent need for enhanced spill response solutions. The ongoing emphasis on offshore exploration, particularly in the Gulf of Mexico, further propels absorbent booms and socks demand.

Absorbent booms and socks are also used in the chemical industry for the management of hazardous substance spills. The European Chemicals Agency (ECHA) reported a 15% increase in the adoption of absorbent products within the chemical sector in 2023, particularly in Europe, because of enhanced compliance requirements under the REACH framework (Registration, Evaluation, Authorisation, and Restriction of Chemicals).

In the food processing sector, absorbent booms and socks are employed to contain non-toxic spills, such as oils and other liquids, which pose safety risks. Although this sector is smaller compared to oil and gas or chemicals, there has been a notable increase in the demand for absorbent products. The U.S. Department of Agriculture (USDA) indicated a 10% rise in the use of absorbents in food processing plants in 2023, driven by more stringent hygiene standards and higher incidence of liquid spills.

The healthcare sector also holds a steady absorbent booms and socks market share as absorbents are used in hospitals and medical facilities to handle spills of biological fluids, chemicals, and cleaning agents. The demand for absorbent products in healthcare has surged, particularly considering stricter biohazard management protocols following the pandemic. A report from the World Health Organisation (WHO) in 2023 noted a 12% increase in the use of absorbent products in hospitals worldwide due to their ability to prevent contamination from hazardous spills.

Global Absorbent Booms and Socks Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Absorbent Booms and Socks Market Regional Analysis

North America Absorbent Booms and Socks Market Trends

North America commands the largest portion of the market due to stringent environmental regulations and the frequent occurrence of oil and chemical spills. The U.S. Environmental Protection Agency (EPA) and the Oil Pollution Act enforce rigorous spill prevention and control protocols, leading to the extensive use of absorbent products. In 2023, the United States reported over 12,000 oil spills, which has further intensified demand. Moreover, with considerable offshore oil operations in Mexico, the market is anticipated to maintain its growth trajectory in this region.

Asia Pacific Absorbent Booms and Socks Market Drivers

The market in Asia Pacific region is growing due to rapid industrialisation and an increase in oil and gas exploration activities. A report from the International Energy Agency (IEA) in 2023 indicates that nations such as China and India are witnessing a rise in chemical manufacturing and oil refining, which is driving the demand for spill containment solutions. Additionally, government initiatives in countries like China, aimed at enhancing environmental protection, are further promoting the use of absorbent products. For instance, China's "Blue Sky" environmental campaign has heightened the emphasis on spill prevention across various industries.

Europe Absorbent Booms and Socks Market Opportunities

European market for absorbent booms and socks is primarily influenced by rigorous environmental regulations and industrial safety standards established by the European Union (EU). The EU's REACH regulations, along with the Water Framework Directive, necessitate robust spill control measures, especially within the chemical and oil industries. Furthermore, the European Chemicals Agency (ECHA) noted a 15% rise in the use of spill containment products across various European sectors in 2023.

Latin America Absorbent Booms and Socks Market Growth

In contrast, Latin America holds a smaller share of the global market, accounting for roughly 10% in 2023. Nevertheless, the region's increasing oil and gas exploration activities, especially in Brazil and Mexico, are stimulating the demand for absorbent booms and socks. Brazil’s pre-salt oil fields, which yielded over 3 million barrels of oil daily in 2023, have significantly influenced the need for spill containment solutions. Government regulations in these nations are progressively becoming more stringent, particularly following notable spill incidents, which is anticipated to further enhance market growth in the region.

Middle East and Africa Absorbent Booms and Socks Market Dynamics

The market in Middle East and Africa is driven by the region's substantial oil and gas sector. The Gulf nations, including Saudi Arabia, the UAE, and Kuwait, play a pivotal role in the global oil market, and their emphasis on spill prevention has intensified. The Organisation of the Petroleum Exporting Countries (OPEC) reported that oil production in the region surpassed 30 million barrels per day in 2023, resulting in a consistent demand for absorbent products. However, adoption rates in Africa remain relatively low due to less rigorous environmental regulations and limited industrial activity beyond oil production.

Innovative Start-ups in Absorbent Booms and Socks Market

Start-ups operating within the absorbent booms and socks sector are creating eco-conscious absorbent products by using biodegradable and natural materials such as cotton, wool, corn bark, and recycled fibers, in response to the rising demand for environmentally friendly spill containment solutions. Furthermore, these start-ups are employing advanced technologies to improve the absorption efficiency and durability of their offerings, thereby enhancing their effectiveness in managing spills. Many are also focusing on niche markets, including smaller industries and specific sectors like marine and environmental services. Some start-ups that have worked towards absorbent booms and socks market development are:

SpillTech, established in 2008 and based in Alpharetta, Georgia, provides a diverse array of spill containment products. Their offerings include high-capacity absorbent socks and booms, with annual sales exceeding 500,000 units. SpillTech has experienced remarkable growth, achieving a 20% year-on-year revenue increase over the last five years, and it currently operates in more than 25 countries. The company caters to sectors such as oil and gas, manufacturing, and chemical processing.

EcoSpill Solutions, founded in 2015 and located in Melbourne, Australia, has contributed to the rising absorbent booms and socks market value. The company offers eco-friendly absorbent products and has recorded a 35% annual sales growth since 2020, selling over 300,000 units in 2023 alone. With its operations expanding across Australia and Southeast Asia, EcoSpill has secured approximately 10% of the market share in its region. The start-up’s use of natural and recycled materials for spill containment has driven demand, particularly in the marine and environmental sectors.

Competitive Landscape

Market players are focusing on several critical areas to strengthen their competitive position and create a positive absorbent booms and socks market outlook. Organisations such as New Pig Corporation provide customisable absorbent solutions designed for specific industries, enabling users to choose products that align with their spill management requirements. Manufacturers are producing absorbent products that retain their effectiveness over extended periods, thereby reducing the necessity for frequent replacements and appealing to cost-sensitive businesses. Brands such as Enviro-Absorb are innovating absorbent booms and socks crafted from recycled materials, addressing the needs of environmentally aware consumers. Companies like 3M are channeling investments into advanced materials that improve absorbency and durability and deliver exceptional performance in oil and gas industries.

3M

3M, established in 1902 and located in Minnesota, United States, has evolved from a mining operation into a prominent global innovator across multiple industries. The company provides booms and socks for spill containment, oil-only absorbents, and general-purpose absorbents. It operates in over 70 countries and has manufacturing facilities in 37 countries.

Fentex Ltd.

Fentex Ltd., founded in 1980 and based in West Yorkshire, England, develops absorbent booms and socks, mats de...

Wipeco, Inc.

Wipeco, Inc., founded in 1975 and headquartered in Delaware, United States, offers heavy-duty absorbent pads f...

Meltblown Technologies Inc.

Meltblown Technologies Inc., established in 2001 and located in Texas, United Statets, offers lightweight melt...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other absorbent booms and socks market players include PolySafe Products, PSI Parker Systems, Inc., and iQSafety, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 1.92 Billion.

The market is being aided by the growing demand for absorbent booms and socks in the oil and gas industry as well as the healthcare sector, development of more efficient absorbent booms and socks materials, and rising chemical and oil spillage cases across regions.

The market is being fuelled by the growing use of absorbent booms and socks in the chemical industry, the rising availability of diverse absorbent booms and socks, and the introduction of various stringent government regulations to enhance the safety of workers.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of absorbent booms and socks are polypropylene, fibre, polyethylene, and paper, among others.

The significant applications in the market are oil and gas, chemical, food processing, and healthcare, among others.

The major players in the industry are 3M, Wipeco, Inc., Fentex Ltd., Meltblown Technologies Inc., PolySafe Products, PSI Parker Systems, Inc., and iQSafety, among others.

The market is assessed to grow at a CAGR of 9.70% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.42 Billion by 2032.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application 
  • Region
Breakup by Product Type
  • Polypropylene
  • Fibre
  • Polyethylene
  • Paper
  • Others
Breakup by Application 
  • Oil and Gas
  • Chemical
  • Food Processing
  • Healthcare 
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 3M
  • Wipeco, Inc.
  • Fentex Ltd.
  • Meltblown Technologies Inc.
  • PolySafe Products
  • PSI Parker Systems, Inc.
  • iQSafety
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63-287-899-028, +63-967-048-3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124