Chemical Storage Cabinets Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

 According to the report published by Facts & Factors, the global Chemical Storage Cabinets Market size was worth around USD 1.5 billion in 2019 and is predicted to grow around USD 1.8 billion by 2026 with a compound annual growth rate (CAGR) of roughly 2.5% between 2020 and 2026. The report analyzes the global Chemical Storage Cabinets Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Chemical Storage Cabinets Market.

This professional and specialized report study examines the technical and business perspective of the chemical storage cabinets industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the chemical storage cabinets market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall chemical storage cabinets market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the chemical storage cabinets market in our study.

Key Insights from Primary Research

• As per our primary respondents, the chemical storage cabinetsmarket is set to grow annually at a rate of around 2.5%
• It was established through primary research that the chemical storage cabinetsmarket was valued at around USD 1.4 billion in 2018
• The Asia Pacificheld the largest market share of the chemical storage cabinetsin terms of revenue, in 2018
• The “90L” category, on the basis of type segmentation, was the leading revenue-generating category in 2018 with 30% of market share
• The “Petrochemical” category, on the basis of application segmentation, was the leading revenue-generating in 2018 with 38% of market share

Key Recommendations from Analysts

• As per our analysts, in the pressure type segmentation, an increase in chemical shipments will drive the market growth of chemical storage cabinets market
• In the chemical storage cabinetsmarket, North America is anticipated to have the second largest market share in terms of revenue
• Building a fireproof chemical storage container for flammable liquids is anticipated to create new future opportunities in the market
• Stringent regulation on the manufacturing of chemical storage cabinets is one of the restraint for the market
• Chemical storage cabinets are needed while transporting the chemicals via rail, truck and marine cargo shipments

Chemical storage cabinetsMarket Attractiveness Analysis – By Type

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the chemical storage cabinets market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the chemical storage cabinets market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the chemical storage cabinets market.

Report Scope

The research study provides a critical assessment of the chemical storage cabinets industry by logically segmenting the market on the basis of Type, Application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the chemical storage cabinets industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Growing global specialty chemicals production and demand are anticipated to drive the global chemical storage cabinets market. According to the report by McKinsey, the global market of specialty chemicals is doubled than the last decade. An increase in chemical shipments will drive the market growth of chemical storage cabinets to transport the chemical material via rail, truck and marine cargo shipments chemical manufacturers will need chemical storage cabinets. However, stringent regulation on the manufacturing of chemical storage cabinets is anticipated to hamper the growth of the chemical storage cabinets market. A company needs to follow HAS and COSHH regulations while designing and manufacturing of chemical storage cabinets. But building a fireproof chemical storage container for flammable liquids can provide new opportunities in the market. Recently, Ecosafe announced the new launch of 105 minutes of fire-resistant cabinets.

The chemical storage cabinets market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into 30 L, 45L, 60L, 90L, Others. In terms of Application segmentation, the market is bifurcated into Petrochemical, Dye, Solvent, Others.

Competitive Landscape

Some of the essential players operating in the chemical storage cabinets market, but not restricted to include :

• Erlab
• Justrite
• Denios
• Köttermann GmbH & Co KG
• Air Science
• Saftey Storage Systems
• Ecosafe

This report segments the chemical storage cabinets market as follows:

Global Chemical Storage CabinetsMarket: By Type Segment Analysis

• 30 L
• 45 L
• 60 L
• 90 L
• Others

By Application Segment Analysis

• Petrochemical
• Dye
• Solvent
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)