June 12, 2024
Industrial Tank Cleaning Market

Industrial Tank Cleaning Market Growth Accelerated by Rising Demand for Effective Tank Cleaning

Industrial tanks are extensively used in various industries such as food and beverages, chemicals, oil and gas, and pharmaceuticals to store both liquid and solid materials. Effective tank cleaning is essential to remove residues and contaminants from tanks to prepare them for subsequent loads. This helps avoid cross-contamination and ensures compliance with stringent industry regulations. Technological advancements have led to the development of automatic and semi-automatic tank cleaning equipment that offer benefits such as reduced operational costs and improved productivity.

The global Industrial Tank Cleaning Market is estimated to be valued at US$ 1.53 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand for effective tank cleaning is one of the key trends driving the growth of the industrial tank cleaning market. With growing stringency of regulations regarding cleaning and hygiene across industries such as food and beverages, pharmaceuticals, and chemicals, manufacturers are focused on thorough cleaning of tanks with each change in product. Automatic tank cleaning systems help eliminate issues such as inefficient cleaning and tank downtime associated with manual cleaning. Their use ensures complete removal of residues through advanced jetting technology. This maintains product quality and purity during manufacturing and storage. The availability of technologically advanced automatic tank cleaning equipment is thus accelerating demand in the industrial tank cleaning market.

Segment Analysis
The global industrial tank cleaning market is dominated by the chemical sub-segment, which accounts for nearly 35% of the total market share. This is because industrial tanks used for storing and transferring chemicals require frequent and thorough cleaning to avoid contamination. Strict environmental and safety regulations also necessitate regular cleaning of chemical storage tanks.

Key Takeaways
The Global Industrial Tank Cleaning Market Share is expected to witness high growth over the forecast period of 2024 to 2030. The market size is projected to reach US$ 1.53 Mn by 2024.

Regional analysis: The Asia Pacific region currently dominates the global industrial tank cleaning market with over 30% share. Rapid industrialization and growth of end-use industries like chemicals, pharmaceuticals, food processing in countries like China and India is driving the demand for industrial tank cleaning services in the region. Strict implementation of environmental and safety regulations is also boosting market growth. The Asia Pacific region is expected to remain the fastest growing regional market during the forecast period.

Key players operating in the industrial tank cleaning market are Yeswin Machinery Co. Ltd., Asahi Sunac Corporation, Yeswin Machinery Co. Ltd., Chun Zu Machinery Industry Co. Ltd., Tanisaka Iron Works Co. Ltd., Gfm Gmbh Steyr, Sijin Intelligent Forming Machinery Co. Ltd., Hatebur Umformmaschinen Ag, Samrat Machine Tools, Hubei Tri-Ring Metalforming Equipment Co. Ltd (Ysd), Sakamura Machine Co. Ltd., Industrial Machinery Corporation, Sacma Limbiate Spa, Komatsu Industries Corp., Nedschroef Machinery, Lan Dee Woen Factory Co. Ltd., National Machinery Llc, And Nakashimada Engineering Works Ltd.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it