This study analyses the Metal IBC market from a variety of angles, including market size, status, trends, and forecasts. It also gives a quick rundown of the main competitors and development possibilities in the market. In the research, you can get a comprehensive study of the Metal IBC market, divided into companies, regions, types, and applications.
Throughout the projection period, it is anticipated that the worldwide metal IBC market will expand at a CAGR of 5.1%. (2022 to 2032). From US$ 11.2 billion in 2022 to US$ 18.4 billion in 2032, market sales are anticipated to grow. The top five suppliers will control between 15% and 20% of the metal IBC market in 2021 as the demand for stainless steel IBC increases.
The increased demand for metal IBCs in a variety of end-use industries, including the chemical, food & beverage, and pharmaceutical sectors, is credited with this expansion. The market is expanding as a result of the expanding usage of metal IBCs for the transportation of hazardous materials.
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Key Takeaways from Global Metal IBC Market
· Stainless steel is the most used material segment for manufacturing metal IBC and is estimated to create an incremental opportunity of US$ 7.8 Bn, during the forecast period.
· Industrial chemical IBCs are the most desired end use segment, predicted to grow at a CAGR of 5.2% in the worldwide market.
· China’s metal IBC market projected to register a CAGR of 7.5% during the forecast period.
· The U.S. is expected to be the fastest growing metal IBC market due to expansion of industrial chemical sector and use case of metal IBC in waste disposal sector.
“Product innovation and inclusion of tracking system has significantly raised the sales of global metal IBC market. Key players are expected to witness lucrative opportunities on the back of investing more in developing lightweight and anti-wear metal IBC production and penetrating their products in the Asian market” – says FMI analyst.
How Is Global Metal IBC Market Going to Thrive Further?
For transportation of their goods, including liquids, a number of large-scale corporations have partnered with transportation and agencies. Major manufacturers are forming strategic collaborations to strengthen their position in the global IBC metal market.
Vendors in the worldwide metal IBC market are employing a variety of creative strategies, including collaboration with transportation networks. Such actions are performed to acquire an advantage over industry competitors. Due to the high level of competition in the industry, the global metal IBC market is expected to increase in the near future.
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Global Metal IBC Market Landscape
Some of the leading players included in the global metal IBC market are players like
- Thielmann US LLC,
- Precision IBC, Inc.,
- Automationstechnik GmbH,
- Sharpsville Container Corporation,
- Hoover Ferguson Group,
- Snyder Industries Inc.,
- Yenchen Machinery Co., Ltd.,
- Custom Metalcraft Inc.,
- Metano IBC Services Inc.,
- Pensteel Ltd.
Global Metal IBC Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for metal IBC market by material type (carbon, stainless), by capacity (Up to 1,000 litres, 1,001-1500 litres, 1,501-2,000 litres, above 2,000 litres), by end use (industrial chemicals, petroleum and lubricants, food and beverage, building and construction, pharmaceutical, others (waste disposal/recycling and silage etc.)) and region – forecast to 2022–2032
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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