Oil Absorbing Sheets Market - Forecast(2023 - 2028)

Oil Absorbing Sheets Market Overview

Oil Absorbing Sheets Market size is estimated to reach US$6.7 billion by 2027, after growing at a CAGR of 5.2% from 2022-2027. Oil absorbing sheets are the sheets used to soak excess of oil. Such sheets consist of ingredients like polypropylene, mineral oil, dimethyldibenzylidene sorbitol, and ultramarines. Hence, due to their high absorbing property, oil absorbing sheets are used in sectors like marine, oil refineries, automotive, aviation and in cosmetics in skin care products. Factors like increase in sales of skincare products, growing incidence of oil spills and growing demand for effective leakage absorbents from automotive sector are driving the growth of Oil Absorbing Sheets Market. However, excessive usage of oil absorbing sheet on skin cause skin irritation, which can restrict the use of oil absorbing sheets in cosmetics sector. This can hamper the growth of oil absorbing sheets industry.

COVID-19 Impact

Necessary measures like consequential lockdown implemented by the all the countries across the world, negatively impacted the functionality of end users of oil absorbing sheets such as cosmetics, automotive and aviation sector. Hence, due to restrictions on gathering of people at workplace and halting the supply of raw materials caused a decrease in productivity and sales in these sectors. For instance, according the quarterly statement of skincare company Beiersdorf, the company saw a 1.9% decrease in sales of its skin care products in Q1 of 2020. Also, according to European Automobile Manufacture Association, in 2020, new car registrations in Europe plunged by 23.7%, which is around 3 million vehicles, to 9.9 million units due in part to COVID-19 lockdowns and other restrictions to curb the virus. Further, according to General Aviation Manufacturer Association, in 2020, the value of airplane deliveries was US$20 billion showing a decline of approximately 14.8% compared to 2019 value of deliveries. Oil absorbing sheets containing mineral oil is used as skin cleaning agent in cosmetics, while sheets containing polypropylene are used to prevent oil leakage in cars and aircrafts. Hence, the decrease in sales and production in these sectors, lead to decrease in usage of oil absorbing sheets in them, which decreased the growth of oil absorbing sheets industry.

Report Coverage

The “Oil Absorbing Sheets Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Oil Absorbing Sheets Industry

By Raw Material – Polypropylene, Mineral Oil, Ultramarines, and Dimethyldibenzylidene sorbitol
By Thickness – 3 mm,4 mm, 5 mm, 7 mm, 8 mm, and Others
By Application – Spills & Leakage Absorbent, Skin Cleaning, and Others
By End User – Cosmetics, Oil Refineries, Marine, Aviation, Automotive (Passenger Vehicles, Heavy Commercial Vehicles, Light Commercial Vehicles, and Others), and Others
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

Key Takeaways

• Asia-Pacific dominates the oil absorbing sheets industry as the region consists of major end users of oil absorbing sheets like cosmetics and automotive in major countries like China and Japan, with having the largest cosmetics market in the world.
• Oil absorbing sheets has high applicability in petrochemical and marine sectors as helps to deal will all types of dangerous spills, leakages, drips, and also helps in cleaning them afterwards.
• Oil absorbing sheets containing mineral oil and dimethyldibenzylidene sorbitol is majorly used in cosmetics sector to absorb excess sebum oil from the face which provides a lightening effect to it.

Figure: Asia-Pacific, Oil Absorbing Sheets Market Revenue, 2021-2027

Oil Absorbing Sheets Market Segment Analysis – By Raw Material

Polypropylene held a significant share in Oil Absorbing Sheets Market in 2021, with a share or over 37%. Polypropylene based oil absorbing sheets have high applicability in sectors like automotive and cosmetics. The sheets are used as oil cleansing pads in cosmetics and to prevent oil leakage from fuel tanks of automotive. The growing consumption of cosmetics and high demand for automotive has positively impacted the usage of oil absorbing sheets in them. For instance, according to quarterly Statement of skincare giant Shiseido Company Limited, in 2021, skincare sales of company increased in America to US$14.2 million from US$11.5 million in 2020. Further, according to European Automobile Manufacturers Association, in 2021, commercial vehicle registrations in the European Union increased by 9.6% to reach 1,880,682 units. Such increase in consumption of skincare and automotive sectors, will increase the usage of polypropylene oil absorbing sheets in them. This will boost growth of oil absorbing sheets industry.

Oil Absorbing Sheets Market Segment Analysis – By End User

Automotive sector held a significant share in Oil Absorbing Sheets Market in 2021, with a share of over 27%. Oil absorbing sheets containing polypropylene is majorly used in automotive sector to prevent oil leakage. The increase in productivity of automotive sector has led to increase in demand for clean and containment oil absorbing sheets. For instance, according International Organization of Motor Vehicle Manufacturers, in 2021, light commercial vehicle production 18.5 million units showing an increase of 8% compared to 2020. Moreover, in 2021, heavy trucks production was 4.2 million units showing 4% increase than 2019. Such increase in commercial and heavy vehicles production will create more demand for oil absorbing sheets to prevent oil leaks. This will positively impact the growth of oil absorbing sheets industry.

Oil Absorbing Sheets Market Segment Analysis – By Geography

Asia-Pacific held the largest share in Oil Absorbing Sheets Market in 2021, with a share of over 33%. The region consists of major end users of oil absorbing sheets like cosmetics and automotive in major economies like China, India, Japan and Thailand. The rapid development in these economies has increased their industrial productivity. For instance, according to International Organization of Motor Vehicle Manufacturers, in 2021, Asia held 50% share in heavy truck production with China making 2.4 million units, Japan 0.5 million, and India 0.2 million. Further, according to quarterly statements of skincare giant Shiseido Company Limited, in 2021, the company’s global sales volume was US$134 million, in which Japan held major share of 31% followed by China with 28% share. Oil absorbing sheets containing mineral oil, ultramarines and polypropylene is majorly used as skin care product, and in automotive sector polypropylene-based oil absorbing sheets is used in automotive fuel tanks for preventing fuel leakage. The increase in productivity and consumption in cosmetics and automotive sector will positively impact the usage of oil absorbing sheets in them. This will positively impact the growth of oil absorbing sheets industry.

Oil Absorbing Sheets Market Drivers

Increase in Consumption of Skincare Products

Oil Absorbing Sheets containing ingredients like polypropylene, mineral oil and dimethyldibenzylidene sorbitol soak up excess oil from face without smudging makeup or leaving behind a residue. The rising concerns regarding skin nourishment due to factors like dust and pollution which causes oily skin, has led to increase in consumption of skincare products. For instance, according to Personal Care Association of Europe, in 2020, skincare products with a valuation of with US$23.74 billion value, held the maximum share of the European cosmetics market in major countries like Germany, France, UK, Spain, and Italy. The increase in consumption of skincare products in such countries will lead to more usage of oil absorbing sheets in skin cosmetics. This will provide a positive impact on the growth of oil absorbing sheets industry.

Growing Incidence of Oil Spills in Maritime Industry

Oil absorbing sheets is used to clean-up petroleum-based spills and leaks for absorbing oil-based liquids and is effectively applied for oil spill emergency treatment in maritime industry. The growing incidence of oil spills has increased the demand for oil absorbing sheets in maritime industry. For instance, according to International Tanker Owners Pollution Federation Limited, the total volume of oil lost to the environment from tanker spills in 2021 was approximately 10,000 tones which was higher than the previous two years. Such increase in oil spills incidence will lead to more usage of oil absorbing sheets especially polypropylene based to prevent such spills and leakage. This will boost growth of oil absorbing sheets industry.

Oil Absorbing Sheets Market Challenges

Side effects on Skin

Oil absorbing sheets are majorly used to remove excessive oil from skin. However, excessive use of oil absorbing sheets creates an oxygen-free environment deep down in skin pores that creates propioni acnes bacteria in skin. This causes breakouts, blackheads, bumps and overall skin congestion. Such side effects of oil absorbing sheets on skin, can restrict its usage in cosmetics sectors, which can hamper the growth of oil absorbing sheets industry.

Oil Absorbing Sheets Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In Oil Absorbing Sheets Market report, the oil absorbing sheets top 10 companies are:

1. Brady Corporation
2. Decorus Europe Ltd.
3. Johnson Matthey Plc.
4. Kimberley Clark Professional
5. Meltblown Technologies
6. Supremex Equipments
7. Park Non-woven
8. Deyuan Marine Co. Ltd
9. Oil-Dri Corporation
10. Monarch Green Inc.

Recent Developments

• In 2022, Generation Hemp Inc. announced an execution of licensing agreement with Gas Monkey Garage to produce and market ultra-absorbent spill clean-up material under Gas Monkey Garage brand name.
• In 2021, Nykaa acquired skincare brand Dot & Key which is manufacturers of skincare products like oil cleansers, and this acquisition will increase the skincare product portfolio of Nykaa.
• In 2019, Korean skincare brand Solved Skincare launched Two-in-One oil cleansing pads which can remove SPF impurities and hard make-up, thereby leaving skin hydrated and soft.

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