Aug 3, 2018   SOURCE: BusinessWire

Global Chemical Storage Cabinets Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 2.77% - ResearchAndMarkets.com

The "Global Chemical Storage Cabinets Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the Global Chemical Storage Cabinets Market to grow at a CAGR of 2.77% during the period 2018-2022.

Safety cabinets are utilised for storing chemicals, fuels, and solvents in diverse industries such as chemical and petrochemical, oil and gas, and manufacturing.

The report covers the present scenario and the growth prospects of the chemical storage cabinets market. To calculate the market size, the report considers the revenue generated from the sales of products to end-users such as chemical and petrochemical industry, oil and gas industry, manufacturing, and others.

The growing global specialty chemicals will drive the market growth. Specialty chemicals are finding their usage in various applications such as construction, food, cosmetics, agriculture, and textiles industries. Specialty chemicals consist of foaming agents, adhesives, agrochemicals, and polymers.

The increase in global chemical shipments will drive the market growth. The demand for chemicals is steadily increasing owing to the growth of several industries such as packaging, pharmaceutical, and food and beverage industries. The growing chemical industry drives the demand for chemical storage cabinets to protect the chemicals from ignition and prevent chemical explosion.

The report states that the volatility in steel prices will impact the market growth. Steel, extracted from iron ore, is primarily used to manufacture chemical storage cabinets. With China being the major manufacturer of iron ore, the unstable Chinese economy affects the iron ore production and steel prices. Steel prices dipped owing to overpopulation in countries such as China, Brazil, and Japan.

Companies Mentioned

  • DENIOS
  • ECOSAFE
  • Justrite Manufacturing
  • Safety Storage Systems

Key Topics Covered:

01. Executive Summary

02. Scope Of The Report

03. Research Methodology

04. Market Landscape

05. Market Sizing

06. Five Forces Analysis

07. Customer Landscape

08. Market Segmentation By End-User

09. Regional Landscape

10. Decision Framework

11. Drivers And Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

15. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/rzw92w/global_chemical?w=4