Tank Cleaning Chemicals Market

• GROWING DEMAND FOR TANK CLEANING CHEMICALS FROM MARINE TRANSPORTATION

The growing demand for tank cleaning chemicals from marine transportation and storage tanks is a significant driver in the tank cleaning chemicals market. As the water transportation industry expands to accommodate increasing trade volumes and economic activity, vessels such as tankers, cargo ships, and barges require thorough cleaning and maintenance of their storage tanks to ensure the safety and quality of transported liquids. Marine transportation is an essential component of global trade accounting for 90% of the total trade worldwide including food, medicine, energy, and other essential items.

According to the data released by United Nations Trade & Development, the maritime trade witnessed a growth of 2.4% in 2023 and is anticipated to further witness growth of over 2% from 2024 to 2028. Additionally, according to UNCTAD, after a decline in 2020, shipments grew by an estimated 3.2% to reach 11 billion tons, marking a significant improvement in 2021.

This growth was observed in all developing regions, with Africa experiencing an estimated increase of 5.6%, Latin America and the Caribbean with 3%, and Asia remaining the leading maritime cargo handling center, accounting for 42% of goods loaded and 64% of goods unloaded in 2021. Thus, the rebounding of maritime cargo transportation activities has resulted in an increase in demand for tank cleaning chemicals required for tank cleaning to maintain operational efficiency and ensure the quality of stored cargo.

Solenis, a major global producer of specialty chemicals, increased prices for all its products in North and Latin America by 10-25% on February 24, 2022, or such as allowed by agreements with customers. The primary reason behind these rises is the growing expenses of raw materials, energy, transportation and packaging. This will be seen as an exaggeration but this can lead to some businesses accumulating higher operational costs that may lead to affecting their overall cost structure and reducing investments in water treatment solutions.

As a result, the quality of water treatment processes might suffer, raising concerns about water safety and environmental impact. Cost-effective substitutes must be found by the industry, which would not jeopardize the quality of water treatment processes.

INCREASED INDUSTRIALIZATION IN DEVELOPING COUNTRIES

Increased industrialization in developing countries is a significant driver of the demand for tank cleaning chemicals. As developing countries experience rapid industrial growth, there is a greater need for tank cleaning to ensure operational efficiency and compliance with regulations. Industries such as oil and gas, chemicals, and manufacturing witness substantial growth in these countries, leading to an increased demand for regular tank cleaning to maintain equipment integrity and compliance with regulations. These industries rely heavily on tanks and vessels for the storage, processing, and transportation of raw materials, intermediate products, and finished goods.

According to the report published by BASF, the global production of chemicals is anticipated to grow by 2.4% in 2024 faster than the growth of 1.7% in 2023. Additionally, China witnessed a growth of 4% in the chemical production in 2024 compared to the previous year owing to the advancement in demand of chemicals from consumer goods and electronics in the country. Moreover, US is also anticipated to witness a growth of 1.1% compared to negative growth of -1.0% in 2023 owing to the weak industrial growth in the country.

The Global Tank Cleaning Chemicals Market Industry is poised for substantial growth, with projections indicating a market size of 525.7 USD Million in 2024 and an anticipated increase to 879.4 USD Million by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.79% from 2025 to 2035. The market dynamics are influenced by various factors, including regulatory compliance, technological advancements, and the expansion of key sectors such as oil and gas. These projections highlight the evolving landscape of tank cleaning chemicals, emphasizing the need for innovative solutions that meet the demands of diverse industries.

The oil and gas sector remains a primary driver of the Global Tank Cleaning Chemicals Market Industry. As exploration and production activities expand globally, the need for effective tank cleaning solutions becomes increasingly critical. Companies are investing in cleaning chemicals that can handle the unique challenges posed by various types of crude oil and refined products. This sector's growth is reflected in the market's projected increase to 879.4 USD Million by 2035, highlighting the ongoing demand for specialized cleaning agents. Furthermore, the integration of advanced cleaning technologies is likely to enhance operational efficiency and safety within the industry.

The Global Tank Cleaning Chemicals Market Industry is experiencing heightened demand for clean fuel storage solutions. As countries strive to meet stringent environmental regulations, the need for effective tank cleaning chemicals has surged. This trend is particularly evident in the oil and gas sector, where companies are investing in advanced cleaning technologies to ensure compliance and enhance operational efficiency. The market is projected to reach 525.7 USD Million in 2024, reflecting a growing recognition of the importance of maintaining clean storage facilities. This demand is likely to drive innovation in cleaning formulations and methods, further propelling market growth.

Rising awareness of health and safety standards is shaping the Global Tank Cleaning Chemicals Market Industry. Industries are increasingly recognizing the importance of maintaining safe working environments, particularly in sectors such as chemicals and food processing. This awareness drives the demand for effective tank cleaning solutions that mitigate risks associated with contamination and hazardous materials. Companies are adopting comprehensive cleaning protocols and investing in high-quality cleaning chemicals to ensure compliance with health and safety regulations. The anticipated growth of the market to 525.7 USD Million in 2024 reflects this trend, as organizations prioritize safety and operational integrity in their cleaning practices.

Technological advancements are significantly influencing the Global Tank Cleaning Chemicals Market Industry. Innovations in cleaning formulations and equipment are enhancing the efficiency and effectiveness of tank cleaning processes. For instance, the development of biodegradable and non-toxic cleaning agents is gaining traction, as industries seek sustainable alternatives to traditional chemicals. These advancements not only improve cleaning outcomes but also reduce the environmental footprint associated with tank maintenance. The projected compound annual growth rate (CAGR) of 4.79% from 2025 to 2035 indicates a robust market response to these technological innovations, as companies prioritize efficiency and sustainability in their operations.

Regulatory compliance plays a pivotal role in shaping the Global Tank Cleaning Chemicals Market Industry. Governments worldwide are implementing stringent environmental standards aimed at reducing pollution and ensuring safe handling of hazardous materials. This regulatory landscape compels industries to adopt effective tank cleaning solutions that not only meet compliance requirements but also promote sustainability. As a result, companies are increasingly investing in eco-friendly cleaning agents that minimize environmental impact. The anticipated growth of the market to 879.4 USD Million by 2035 underscores the potential for tank cleaning chemicals that align with evolving regulatory frameworks and environmental expectations.

Based on Region, the Tank Cleaning Chemicals market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The robust growth of the chemicals, food & beverage, and marine industries in China, India, and Japan is fueling the demand for tank cleaning chemicals. According to CEFIC, the average chemical production growth in China and India accounted for 6.9% and 1.8% respectively compared to EU, Brazil, and U.S accounting for -0.03%, -0.1%, and -0.8% respectively from 2012 to 2022.

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.

The Tank Cleaning Chemicals Market is a highly competitive landscape characterized by intense rivalry, technological advancements, regulatory considerations, and a diverse range of players catering to various industry verticals. This dynamic environment is shaped by several key factors that influence the strategies and performances of market participants. One of the primary drivers of competition in this market is the increasing demand for efficient and environmentally friendly cleaning solutions. With stricter regulations governing industrial waste disposal and emissions, companies are compelled to innovate and develop products that not only deliver effective cleaning but also minimize environmental impact.

This has led to a surge in research and development activities aimed at creating biodegradable, non-toxic, and sustainable cleaning chemicals.

The major key players in the market includes 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. hese companies invest significantly in research and development to create innovative cleaning formulations that meet evolving customer needs. They focus on developing environmentally friendly, biodegradable, and high-performance cleaning solutions that comply with regulatory standards while delivering superior cleaning efficacy. With a growing emphasis on sustainability and environmental stewardship, these companies prioritize eco-friendly practices in their manufacturing processes, packaging materials, and product formulations.

They promote sustainability certifications, green labeling, and eco-labeling to demonstrate their commitment to environmental responsibility and attract environmentally conscious customers. Kemira announced an expansion of its ferric sulfate water treatment chemicals production plant in Goole, UK, in November 2023. In order to meet a part of that demand increase driven by stricter Asset Management Plan (AMP) 7&8 regulations regarding phosphorus and other nutrient discharge from wastewater treatment facilities contained in the Water Industry National Environment Programme (WINEP) in the UK Coagulant product supply has been augmented with additional investment by almost 70k tons.

This development allows for a broader spectrum of chemicals used for purifying water supplies thereby facilitating growth within this sector.

CTC Chemtec Chemicals GmbH: CTC Chemtec Chemicals GmbH's success in the cleaning chemicals industry is underpinned by key strategies that have solidified its position as a global leader in tank cleaning solutions. The company's ISO 9001, 14001, and 45001 certifications serve as a testament to its unwavering dedication to producing high-quality products and delivering reliable services to clients worldwide. By investing in quality management systems and continuous employee training, CTC Chemtec Chemicals GmbH ensures that its products meet the highest standards of excellence.

CTC Chemtec Chemicals GmbH's expansive global reach and robust supply chain infrastructure enable it to supply original tank cleaning chemicals to clients across the world. This extensive network has contributed to the company's reputation as a major global supplier of cleaning chemicals, built on a foundation of trust, reliability, and exceptional service. With a strong emphasis on customer satisfaction and a culture of innovation, CTC Chemtec Chemicals GmbH remains at the forefront of the industry.

By prioritizing the needs of its clients and staying ahead of market trends through continuous research and development, the company ensures that its products and services consistently exceed expectations.

Star Marine Chemicals: Star Marine Chemicals prioritizes safety and quality by ensuring that most of its products carry the IMO (International Maritime Organization) certification, guaranteeing adherence to international maritime safety standards. The company's dedication to continuous improvement and innovation is evident through its substantial investments in research and development. By staying at the forefront of technology and product development, Star Marine Chemicals can introduce new and advanced solutions that cater to the changing requirements of its customers.

This commitment to innovation not only drives the company's growth but also enables it to provide cutting-edge products that enhance maritime safety and efficiency.