Report Ocean published a new report on the ‘Global Tank Cleaning Service Market’. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Get a complete report on Tank Cleaning Service Market’ (Including Full TOC, 200+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Tank Cleaning Service Market is valued approximately at USD $$ million in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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The available capacity of the tank is limited by the amount of the sludge. The tank operator must then clean the tank in order to restore its full capacity. In addition, national inspection regulations require a leak test every five or ten years (double floor). To carry out this inspection, the tank must be completely drained and cleaned. Repair work is often done on this occasion. The petrochemical industry and the tank terminals are increasingly choosing the option of automated instead of manual tank cleaning. Moreover, rising crude oil production globally has led to widespread use of transportation tank to export and import crude oil across various economies which further tends to increase the market share of tank cleaning service over the forecast period.
For instance, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current Organization of the Petroleum Exporting Countries (OPEC) members in 2018. Crude oil production in the United States has seen a significant increase as the exploration and extraction of oil from its plentiful shale reserves has increased, leading to the largest ever annual increase in a single country. This was due to various new projects, persistent demand for oil and higher prices (USD 14 per barrel higher than in 2017). Oil demand has also started to increase in Russia, the Middle East (with the exception of Iran) and Africa. Further, growing refinery industry in emerging economies such as India, China, Brazil coupled with the rising export and import of refinery products enhanced the market growth over the forecast period (2020-2027).
For instance, according to India Brand Equity Foundation (IBEF), India is expected to be one of the world’s largest contributors to non-OECD oil consumption production. Oil imports grew dramatically to USD 87.37 billion in 2017-18, up from USD 70.72 billion in 2016-17. India remains the world’s third-largest oil user in 2017, producing 4.69 million barrels per day (mbpd) of oil in 2017, compared to 4.56 mbpd in 2016. According to India Brand Equity Foundation (IBEF), as of 1 December 2019, India ‘s oil refining capacity was 238.60 million tons, making it the second largest refiner in Asia. Private companies own about 35.36% of the total refining capacity.
The regional analysis of Global Tank Cleaning Service market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific region is expected to dominate the market share owing to the rising petroleum and refinery industry over the forecast period.
Major market player included in this report are:
DULSCO LLC
National Tank Services
Clean Harbors, Inc.
Tradebe Refinery Services
Evergreen North America Industrial Services, Inc
ARKOIL Technologies
SWS Environmental Services
System Kikou Co
Thompson Industrial Services LLC
HTS
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Manual Cleaning Service
Automated Cleaning Service
By Application:
Crude Oil Tanks
Refinery Tanks
Commercial Tank
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2022? What rate of market expansion is anticipated between 2023 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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