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Market Overview of Global Flammable and Combustible Chemical Storage Cabinets market:
According to our latest research, the global Flammable and Combustible Chemical Storage Cabinets market looks promising in the next 5 years. As of 2022, the global Flammable and Combustible Chemical Storage Cabinets market was estimated at USD 348.16 million, and it's anticipated to reach USD 506.48 million in 2028, with a CAGR of 6.45% during the forecast years.
Flammable and Combustible Chemical Storage Cabinets are used in a number of industries to store flammable materials that can pose health and safety risks when they're not stored correctly. These flammable cabinets are designed to protect flammable and combustible contents from a fire outside of the cabinet for a certain period of time.
Wide range of downstream applications
From the downstream application point of view, Flammable and Combustible Chemical Storage Cabinets have a wide range of applications. Flammable and Combustible Chemical Storage Cabinets products are developed around the laboratory, which is an essential key equipment for scientific research institutions, universities, government research and development, and enterprise research and development. Wide application fields drive the market demand growth for flammable and combustible chemical storage cabinets.
The demand for automation products is increasing
More and more automated products are used in laboratories to store chemicals and move equipment, thus saving costs. Automation in the laboratory can realize efficient workflow and minimize errors and pollution, and the market demand for automatic switch Flammable and Combustible Chemical Storage Cabinets is increasing.
Lack of technical standards
With the increasing emphasis on safety in various countries and the expansion of market demand, the lack of technical standards related to Flammable and Combustible Chemical Storage Cabinets in some countries has been highlighted, which has led to confusion in the market of Flammable and Combustible Chemical Storage Cabinets in this part of the country. From the producer's point of view, no unified technical standard will lead to disorderly vicious competition in the industry, resulting in the continuous decline of product quality. The lack of technical standards in some areas affects the market competition order.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (37.38% in 2022).
Company Overview:
The major players operating in the Flammable and Combustible Chemical Storage Cabinets market include Denios, Justrite Safety Group, Asecos, Sysbel, Kewaunee Scientific, etc. Among these, Denios ranked top in terms of sales and revenue in 2022.
Denios
Denios, Inc. supplies material storage buildings and products. The Company offers drum handling equipment, an acid pump, flammable cabinets, and safety barriers. Denios serves customers worldwide.
Justrite Safety Group
Justrite is a leading manufacturer of storage, handling, and workplace safety products. Justrite is a global leader in the manufacturing of safety cans, safety cabinets, outdoor safety storage, spill containment, gas cylinder storage equipment
Segmentation Overview:
As for product types, the 30-60 Gallon segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Laboratory, with a market share of 72.03% in 2022.
Chemical Plant
A chemical plant is an industrial process plant that manufactures (or otherwise processes) chemicals, usually on a large scale. Flammable and combustible chemical storage cabinets are widely used in chemical plants.
Laboratory
Flammable and combustible chemical storage cabinets store flammable and combustible liquids and chemicals in the laboratory, and play a role in preventing fire and leakage.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Flammable and Combustible Chemical Storage Cabinets market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Flammable and Combustible Chemical Storage Cabinets Market Report:
Market Size Estimates: Flammable and Combustible Chemical Storage Cabinets market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Flammable and Combustible Chemical Storage Cabinets market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Flammable and Combustible Chemical Storage Cabinets market
Segment Market Analysis: Flammable and Combustible Chemical Storage Cabinets market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Flammable and Combustible Chemical Storage Cabinets market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Flammable and Combustible Chemical Storage Cabinets Market: Revenue and sales volume of major countries in each region
Flammable and Combustible Chemical Storage Cabinets Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Flammable and Combustible Chemical Storage Cabinets market in major regions.
Flammable and Combustible Chemical Storage Cabinets Industry Value Chain: Flammable and Combustible Chemical Storage Cabinets market raw materials & suppliers, manufacturing process, distributors, downstream customers
Flammable and Combustible Chemical Storage Cabinets Industry News, Policies & Regulations
Key players in the global Flammable and Combustible Chemical Storage Cabinets market are covered in Chapter 12:
Yamato Scientific
Justrite Safety Group
Durham Manufacturing
Vidmar
Asecos
Waldner
Terra Universal
US Hazmat Storage
USA Safety Solutions
A.T. Villa
Kewaunee Scientific
Labconco
Lab Crafters
Securall
Sysbel
Benko Products
SciMatCo
Denios
In Chapter 2 and Chapter 15.1, based on types, the Flammable and Combustible Chemical Storage Cabinets market from 2018 to 2028 is primarily split into:
Below 30 Gallon
30-60 Gallon
60-100 Gallon
Above 100 Gallon
In Chapter 3 and Chapter 15.2, based on applications, the Flammable and Combustible Chemical Storage Cabinets market from 2018 to 2028 covers:
Chemical Plant
Laboratory
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Flammable and Combustible Chemical Storage Cabinets market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028