Market Research Future (MRFR) has published on the “Global Tank Cleaning Chemicals Market”.
The Tank Cleaning Chemicals market is estimated to register a CAGR of 4.79% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Tank Cleaning Chemicals market—
CTC Chemtec Chemicals GmbH, Wilhelmsen, Star Marine Chemicals, Ecolab Inc., Ertek Chemicals, TECO Chemicals AS, Marine Care, Vecom Marine, A-One Chemicals and Equipment, Inc., and Accepta
Tank Cleaning Chemicals Market Highlights
The global Tank Cleaning Chemicals market accounted to register a CAGR of 4.79% during the forecast period and is estimated to reach USD 764.2 million by 2032.
The global tank cleaning chemicals market is experiencing significant growth, driven by the increasing need to address the world's water challenges. Tank Cleaning Chemicals are a group of surfactants used to clean the storage tanks, which are an important part of the overall transportation and storage of chemicals and various solvents that are required for various industrial End Uses. These chemicals are specifically formulated to effectively remove contaminants, residues, and deposits that may accumulate on the interior surfaces of tanks. The purity of these chemicals is of absolute importance for the end users for various reasons. The presence of small amounts of contaminants can cause various side-reactions that may render the chemical irredeemable for further usage. The cleaning chemicals help prevent this problem. The selection of tank cleaning chemicals depends on several factors, including the type of contaminants present in the tank, the nature of the tank material, and the desired cleaning outcome. Chemicals used for tank cleaning can include acids, alkalis, solvents, detergents, and other specialized formulations.
The increasing usage of green or environmentally friendly chemicals presents a significant opportunity in driving the demand for tank cleaning chemicals. As industries across various sectors prioritize sustainability and environmental responsibility, there is a growing demand for tank cleaning chemicals that offer effective cleaning performance while minimizing environmental impact. Green chemicals, also known as eco-friendly or sustainable chemicals, are formulated using renewable resources, biodegradable ingredients, and environmentally friendly formulations.
The adoption of green chemicals aligns with the objectives of reducing carbon footprint, minimizing waste generation, and mitigating pollution risks. These chemicals offer several advantages that make them attractive to industries seeking sustainable solutions for their cleaning needs. The rising awareness and concern regarding the depletion of fossil fuel reserves and the need for alternative, renewable resources is driving the demand for green chemicals. Green chemicals offer a more sustainable and eco-friendly alternative to traditional chemicals, reducing reliance on fossil fuels and minimizing environmental impact.
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Segment Analysis
The global Tank Cleaning Chemicals market has been segmented based on product, tank, end-user and Region.
In 2023, the acidic cleaners segment generated the market revenue share of 35.0% in the Global tank cleaning chemicals market and is expected to experience a CAGR of 4.85% in the coming years. Acidic cleaners play a crucial role in the tank cleaning chemicals market, particularly in industries where mineral deposits and scale buildup are common challenges. These cleaners are designed to effectively remove a variety of mineral-based deposits, making them an essential tool for maintaining the cleanliness and efficiency of storage tanks. One of the primary applications of acidic cleaners is in the dairy industry. In this sector, milk stone, a combination of milk proteins and minerals, can accumulate on the surfaces of storage tanks. Milk stone is a stubborn deposit that can be difficult to remove using other cleaning methods. Acidic cleaners, such as those containing phosphoric acid or sulfamic acid, react with the mineral deposits, dissolving them and allowing for easy removal. This process helps to maintain the hygiene and safety of dairy products, as well as ensuring that the tanks are ready for the next batch of milk or dairy product. One of the key advantages of acidic cleaners is their ability to penetrate and remove even the most stubborn mineral deposits. Unlike other cleaning methods that only remove surface-level deposits, acidic cleaners can reach deep into the pores and crevices of tank surfaces, ensuring a thorough and effective cleaning. This helps to extend the lifespan of storage tanks and reduce the frequency of costly repairs or replacements.
In 2023, the marine tanks segment held the market revenue share of 39.1% and this segment is expected to grow at a CAGR of 5.10% in the forecast period 2024-2032. Marine tanks encompass a broad category of tanks used in the maritime industry. Marine tanks, onboard ships and vessels, store various liquids such as fuel, water, and chemicals. These tanks are subject to strict regulations and guidelines to ensure the safe transportation of liquids. They require regular inspections, cleaning, and maintenance to prevent corrosion, leaks, and other potential hazards. Tank cleaning chemicals for marine tanks are designed to withstand harsh marine environments, effectively removing salt deposits, fuel residues, and other contaminants to prevent corrosion and maintain cargo quality during transportation.
Regional Analysis
By Region, the Tank Cleaning Chemicals market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific Tank Cleaning Chemicals market holds a considerable market share during the forecast period. The market in Asia Pacific is expected to increase significantly over the projection period due to robust growth of the chemicals, food & beverage, and automotive industries in China, India, and Indonesia.
Additionally, according to Invest India, the food processing industry in India is one of the largest in the world with its output anticipated to reach at USD 535 billion by 2025-2026. Moreover, as of September 30, 2023, the Pradhan Mantri Kisan Sampada Yojana (PMKSY) has approved a range of projects across various schemes. These projects aim to bolster the food processing and preservation sector in the India. The approved projects include 41 Mega Food Parks, 371 Cold Chain projects, 68 Agro-Processing Clusters, 474 proposals for Creation/Expansion of Food Processing & Preservation Capacities, 46 Operation Green projects, and 186 Food Testing Laboratories projects among others. Thus, the advancing end-use industries in the region is anticipated to drive the demand for tank cleaning chemicals in Asia Pacific over the forecast period.
Key Findings of the Study
- The global Tank Cleaning Chemicals market is expected to reach USD 764.2 million by 2032, at a CAGR of 4.79% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market.
- Based on Application, the liquid-phase Application segment was attributed to holding the largest market in 2023.
- CTC Chemtec Chemicals GmbH, Wilhelmsen, Star Marine Chemicals, Ecolab Inc., Ertek Chemicals, TECO Chemicals AS, Marine Care, Vecom Marine, A-One Chemicals and Equipment, Inc., and Accepta are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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