Metal IBC Market Key Growth Factors and Industry Analysis 2017-2027
Metal IBCs are made up of stainless steel or carbon steel and are used for cross border bulk transportation. Metal IBCs have emerged as a crucial element of growth of cross border trade practices especially for end users such as industrial chemicals. Metal IBC have led to significant minimization of snapping and spillage cases of the bulk liquids due to which they have gained immense strategic significance. Additionally, the global metal IBC market is driven by the increasing manufacturing sector output and trade activities that requires the need of containers for exports and imports.
Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31427
The global metal IBC market is envisaged to witness growth at a CAGR of 4.1% for the forecast period 2017-2027. In 2017, the market had secured a valuation of US$ 1,334.4 Mn. However, by 2027, it is envisioned to reach US$ 1,995.0 Mn. Containerization has led to significant low costs for the shipping industry which has further propelled the demand of the global metal IBC market.
A key trend prevailing among the multinational players operating in the global metal IBC market is the use of RFID technology to track and trace the IBCs to save cost as well as enhance customer service.
Stainless Steel Likely to Dominate Metal IBC Market due to Favorable Physical Properties
On the basis of material type, the global metal IBC market is segmented into stainless steel and carbon steel. Stainless steel has high market share and growth rate as compared to carbon steel due to its better wear and tear properties as compared to the carbon steel IBCs.
Obtain Report Details @ https://www.transparencymarketresearch.com/metal-ibc-market.html
On the basis of design type, the global metal IBC market is segmented into cubical and cylindrical wherein both the segments are further sub segmented into flat bottom and conical bottom. Cubical flat bottom segment is expected to account for a major market share as compared to the cylindrical segment.
Among the various capacity types, the 500-1000 liters and 1000-1500 liters segment is expected to lead the global market together accounting for a market share of more than 50% by the end of 2027
On the basis of content type, the global metal IBC market is segmented into liquids and solids and semi solids segment. Liquid segment accounts for a major revenue share as the intermediate bulk containers are mainly employed for the liquid transportation. Liquid segment is expected to account for a market revenue share of more than 85% by the end of 2027.
On the basis of technology, the metal IBC market is segmented into aseptic and non-aseptic technology. Aseptic technology is forecasted to continue its dominance during 2017-2027 expanding at a CAGR of 4.2%.
Global metal IBC market on the basis of end use is segmented into industrial chemicals, paints, inks, and dyes, food and beverages, petroleum and lubricants, waste disposal/recycling and silage, building and construction, and pharmaceutical and others. Industrial chemicals segment accounts for a major chunk in the global metal IBC market. Among the industrial chemicals sub segment, metal IBC are mainly used for the transportation of hazardous chemicals. The hazardous chemicals segment is expected to expand at a CAGR of 4.5% during the forecast period.
North America Likely to Dominate Demand from Metal IBC Market
Lastly, on the basis of region, the Global Metal IBCs market has been segmented into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific. North America Metal IBCs market is estimated to constitute the highest market share in the global region followed by Europe. Metal IBCs market in Asia Pacific is expected to witness comparatively higher CAGR over the forecast period, 2017-2027. However, the rising demand for advanced transportation options for emerging end users such as the food and beverage industry and waste disposal is likely to enable steady dominance of North America in the global metal IBC market in the coming years.
Leading players in the global metal IBC market include Thielmann US LLC, Hoover Ferguson Group, Precision IBC, Inc., Snyder Industries Inc., Custom Metalcraft Inc., Time Technoplast Ltd., Metano IBC Services Inc., Sharpsville Container Corporation, Automationstechnik GmbH, Yenchen Machinery Co. Ltd., Transtainer, Pensteel Ltd., Titan IBC, Plymouth Industries, Hawman Container Services, CLA Containers Ltd., SYSPAL Inc., La Garde, and Acura Group. The global metal IBC market is likely to be intensely competitive over the coming years due to growing commercial prospects of the sector and the rising number of players carving out sizable shares in the global market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Metal IBC Market Key Growth Factors and Industry Analysis 2017-2027 here
News-ID: 858953 • Views: 140
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for IBC
MAUSER Launches New IBC Pallet
MAUSER Group, a worldwide leading company in industrial packaging, launches a new pallet design for its MAUSER SM® IBC Series. Building on the great success of the revolutionary composite pallet design introduced to the market more than a decade ago, the now completely redesigned pallet concept will further strengthen the MAUSER SM® IBC market reputation: High quality composite IBCs – designed for long term strength and optimum reusability. With the introduction
arvato Systems at IBC 2012
State-of-the-Art Software Solutions at Europe’s Biggest Broadcasting Conference (arvato Systems) Cologne/Gütersloh – arvato Systems (formerly S4M – Solutions for Media) will present its software solutions for the 13th time at the International Broadcast Convention in Amsterdam from 7–11 September 2012. IBC is the biggest conference in the broadcasting industry in Europe, receiving more than 50,000 visitors annually. IBC in Amsterdam is one of the most important events for media
Teracue IPTV Highlights at IBC Show 2012
IPTV & DVB Headend Solutions for Encoding, Decoding, Transcoding and Playout Teracue IPTV Systems will be showcasing its new products for professional IPTV/DVB headend design, broadcast IP video-networking and for system integration at the IBC Show in Amsterdam September 7 - 11, on stand 442 in Hall 14. ENC-300 Series and DEC-300 Series: Teracue's video H.264 HD/SD encoder/decoder line-up is now complete with the availability of the brandnew DEC-300 HDSDI Decoder,
2wcom Systems successfully at IBC 2011
Flensburg/Germany, 22.09.2011 – 2wcom Systems, the Northern German specialist for audio transmission via satellite, presented successfully its nexgen products at IBC 2011 in Amsterdam. Especially the 2wcom FlexSource, an Audio over IP Receiver with an extreme flexibility in selecting additional sources for redundancy has been of great interest for IBC visitors. The 2wcom FlexSource allows defining the primary input source for different outputs. Users can select freely among the following input
Christie Previews 4K at IBC
Christie®, the leader in digital cinema projection, will present a pre-launch demo of its new Solaria™ Series 4K DLP Cinema® projector line for digital cinema at IBC2010 in Amsterdam, September 10-14. Taking the lead with the world’s first demo of a DLP Cinema solution in 4K, the new Christie CP4230 features the enhanced 4K DLP Cinema chip from Texas Instruments (TI) (NYSE: TXN) and is designed to be compliant
Blue Order at IBC 2009
Blue Order, a leading Media Asset Management (MAM) vendor, will be demonstrating their tapeless workflow solution, spanning from ingest to distribution, at IBC 2009 (Stand 3.C40). The core element of the exhibit will be the release of Blue Order’s Media Archive 3.4, a powerful MAM solution which makes access to content quick and easy, automates workflows and enables content users to reuse, repurpose and resell their content more efficiently. It