Industrial tanks are important assets that are used to store, process and transport various materials in end-user industries such as chemicals, food & beverages, mining, and manufacturing. Industrial tank cleaning services ensure optimal operational performance, safety and environmental compliance by removing residues, contaminants and sludge accumulated inside large-sized tanks. Cleaning industrial tanks at regular intervals helps in complying with stringent guidelines on waste disposal methods.
The global Industrial Tank Cleaning Market is estimated to be valued at US$ 1.32 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Many industries are mandated to clean their storage and process tanks periodically to remove any hazardous residues before disposal. Industrial tank cleaning specialists help customers safely manage tank cleaning operations and paperwork to demonstrate regulatory compliance. This growing legislative pressure is a major factor propelling the expansion of the global industrial tank cleaning market during the forecast period.
Segment Analysis
The Global Industrial Tank Cleaning Market Size is dominated by the chemical segment. Chemical cleaning accounted for nearly 35% of the global market share in 2023 owing to strong demand from industries such as oil and gas, food and beverages, pharmaceuticals, and chemicals. This is because over time chemical residues accumulate inside tanks used in these industries which need efficient cleaning through chemical methods to avoid contamination.
Industrial Tank Cleaning Market
The global industrial tank cleaning market is expected to witness high growth over the forecast period. Growing end use industries and stringent regulations regarding workplace hygiene and product safety are driving the demand for industrial tank cleaning services globally.
Regional analysis
The Asia Pacific region dominated the global industrial tank cleaning market in 2023 and is expected to witness the fastest growth during the forecast period. Growth in Asia Pacific region can be attributed to presence of a large number of refineries, chemical plants and manufacturing facilities. Countries such as China, India and Southeast Asian nations are witnessing rapid industrialization which is increasing the demand for industrial tank cleaning services in the region.
Key players
Key players operating in the industrial tank cleaning market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin and Odyssea. Yeswin Machinery Co. Ltd. specializes in industrial cleaning equipment with a wide range of tank cleaning machines. Asahi Sunac Corporation offers tank cleaning services along with equipment sales.
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