China Absorbents Market Overview
The China Absorbents Market size is estimated to reach US$1.2 billion by 2027 after growing at a CAGR of around 6.0% from 2022 to 2027. Absorbents are materials capable of retaining a liquid within its molecular fabric or boundaries and are used to reduce the amount of moisture on or around a corrosion-prone surface. Such materials consist of chemical compounds like carbon fibres, zeolites or lithium zirconate. In major economy like China, absorbents form high applicability in sectors like oil & gas sector, automotive, food, textile and wood sector. Factors like an increase in automotive production, growing production of meat and poultry items and growing exports of clothing & apparels items are driving the growth of China absorbent market. However, the environmental regulation of China regarding to specialty chemicals can limit productivity of chemical sector of the country, which in return can limit the usage of absorbents in chemical sector of China. This can hamper the growth of China Absorbents industry.
COVID-19 Impact
COVID-19 disrupted the industrial activities of major sectors like automotive, food and textile, as lockdown was implemented in order to curb the effect of the virus. The shutdown resulted in lack of availability of raw materials and labors which decreased output level of these sectors. For instance, according to International Organization of Motor Vehicle Manufacturer, in 2020, passenger vehicle production was 19.9 million units in comparison to 21.3 million produced in 2019, showing 6.5% decrease. Also, according to report by Food and Agriculture Organization, in 2020, pig meat production in China fell by 3.3% to 42 million tonnes. Further, according to National Bureau of Statistics, in 2020, the number of garments produced by Chinese textile firms decreased by 7.7%. Absorbents pads or rolls are used in automotive sector to absorb motor oil leaks, in food sector they are used to preserve food ingredients like meat from drying and in textile sector they are used to absorb excess moisture from fibre during manufacturing. The decrease in output of automotive, food and textile sector, reduced the usage of absorbents in them, which negatively impacted the growth of China Absorbents industry.
Report Coverage
The “China Absorbents Market Report –
Forecast (2022 – 2027)”, by IndustryARC covers an in-depth analysis of the
following segments of the China Absorbents industry.
Key Takeaways
- China is the largest producer of automotive and the rapid increase in the production capacity of its automotive sector will create a greater usage of absorbents in the sector where they are used to check oil leakage.
- China being the major furniture producer in the world, has high absorbents usage in the wood sector where they are used to maintain moisture level in wood products like furniture so as to maintain their quality.
- The growing of meat and poultry items in China will provide growth opportunity to China Absorbents industry, as absorbents are used in food items like meat and poultry where they maintain the original appearance and flavor of the product.
Figure: China Absorbents Market Revenue, by End use Industry, 2021 (%)
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China Absorbents Market Segment Analysis – By Type
Universal absorbent
accounted for approximately 22% of China Absorbents Market share in 2021. The
universal absorbents are multipurpose that include handling of solvents, water,
oil and other liquids. Hence, they are used in various sectors like textile and
automotive as pads, rolls and mats. Growing demand for textile items and an increase in passenger vehicles production has positively impacted usage of
absorbents in China. For instance, according to International Organization of
Motor Vehicle Manufacturer, in 2021, passenger vehicles production in China was
21.4 million units compared to 19.9 million units made in 2020, showing 7%
increase. Further, according to Ministry of Industry and Information
Technology, from January to September 2021, the combined operating revenue of
12,557 major Chinese garment companies was US$163.9 billion, showing 9% increase. Increase in production
of passenger vehicles and textiles on account of high consumption will create
more usage of absorbent consisting of carbon fibres or zeolites. This will have
positive impact on the growth of China absorbents industry.
China Absorbent Market Segment Analysis – By Material
Sponges accounted for
approximately 40% of China Absorbents Market share in 2021. Sponges are
materials that has high absorption properties and it can retain liquid
distributed throughout its molecular structure. Hence, such absorbent material
has high applicability in sectors such as wood sector and textile sector where
it is used to absorb excess moisture during manufacturing of wood and textile
products. The rapid growth in sales of furniture and textile items will
positively impact the demand for sponge absorbents. For instance, according to
National Bureau of Statistics, in October 2021, furniture sales increased in
China by 2.4% in comparison to 2020. Further, according to Ministry of Industry
and Information Technology, in 2021, textile industry in China witnessed strong
expansion with total operating revenue of textile firms showing 12.3% increase
on account increase in textile consumption. The growing consumption of wood
furniture and textile items will increase the production level of wood and
textile sector, resulting in more usage of sponge absorbents in them to
maintain moisture level. This will positively impact the growth of China
absorbents industry.
China Absorbents Market Segment Analysis – By End Use Industry
Chemical industry accounted for approximately 25% of China Absorbents Market share in 2021. Absorbent products containing active carbon fibres and lithium zirconate, are used in the absorbing of accidentally spilled chemicals or during their transportation and also, they are used to remove excess moisture from raw chemicals like sand, salt, and alumina used in various manufacturing processes. China is considered as world’s largest chemical market and the continuous increase in its chemical output will positively impact the demand of absorbents in it. For instance, according to European Chemical Industry Council, from January to September 2021, output in the chemicals sector in China increased by 11.5% compared to the previous year’s level. The growing output level will lead to more usage of absorbents in the chemical sector in China, which will have positive impact on the growth of China absorbents industry.
China Absorbents Market Drivers
Increase in Production of Meat Items
Absorbents are used to preserve food ingredients like meat
from drying out during storage or transportation while keeping the original
flavor and appearance of the product. China is the largest producer of certain
meat items like poultry meat, bovine meat and ovine meat and major production
of such meat items is used for domestic purposes. The rapid increase in China’s
population has increased the demand and consumption of meat items. According to report by Food and Agriculture Organization, in 2020, China’s
poultry meat production increased by 5.3%, bovine meat by 1% and ovine meat by
1% in comparison to 2019. Such an increase in meat production of China will
increase the usage of absorbents containing carbon fibres and zeolites for
preserving the taste and flavor of meat during storage and transportation. This
will boost the growth of China absorbents industry.
Growing Exports of Textile Items
In textile sector, absorbents are used during
the manufacturing process textile products for absorbing excess moisture from
fibres, so as to prolong the quality and durability of the products. China is
considered as the largest textile producer and with growing demand of Chinese
textile products in oversea market, the exports of the Chinese textile products
have also increased. For instance, according to Ministry of Industry and Information
Technology, in first ten months of 2021, China’s garments and textile exports
increased by 5% while the export of clothing products increased by 25.2%. Such
growing exports of Chinese textiles will increase the production level of
textile sector of China, resulting in more usage of absorbents containing
zeolites and lithium zirconate for excessive moisture absorption from textile
fibres. This will provide a major boost to the growth of the China absorbents
industry.
China Absorbents Market Challenge
Environment Regulation on Chemicals Usage
The chemical sector in China has undergone a
massive expansion over the past couple of years, on account of the growing usage of
specialty chemicals in China. However, considering the drastic impact that
chemical production has on the environment, certain laws and regulations have
been passed by the Chinese government in order to protect the environment from ill effects. For instance, the Yangtze River Protection Law which went into effect in
March 2021 aims to clean up chemical factories within 1 km from the river,
thereby offering important new protections to the largest river basin in China.
Such law will impact the production level of chemical sector as it aims to
shutdown factories with repeated safety and environmental violations and
prohibiting the construction of new factories. This decrease in production level of chemical sector on
account of such laws will reduce the usage of absorbents in the chemical
sector, which will negatively impact the growth of China absorbents industry.
China Absorbents Industry Outlook
The companies to develop a strong
regional presence and strengthen their market position, continuously engage in
mergers and acquisitions. The China
absorbents top 10 companies include:
- Xinghua Yongxin Absorbent Cotton Co. Ltd
- Deyuan Marine Co. Ltd.
- Suzhou Hopetopway New Material Co. Ltd
- Qingdao SOCO New Material Co., Ltd.
- Pingxiang Global New Materials Technology Co. Ltd
- Chinafloc
- Shandong Welldone Environmental New Materials Co. Ltd
- Demi Chemical Co Ltd
- Chemole Aquasorbent technology Co. Ltd
- Shanghai Deborn Co. Ltd
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