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NEW YORK , April 7, 2022 /PRNewswire/ -- The spill pallets market size is expected to grow by USD 52.1 mn from 2021 to 2026, progressing at a CAGR of 5.1% during the forecast period, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate.
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Spill Pallets Market 2022-2026: Scope
The spill pallets market report covers the following areas:
Spill Pallets Market 2022-2026: Driver and Challenge
The growth of the global warehousing and storage market is driving the spill pallets market growth. Spill containment decks that are used in chemical warehouses undergo quality checks by regulatory bodies such as the NFPA in the US to prevent explosions at warehouses. In 2016, countries such as the US, China , South Korea , Japan , India , and Saudi Arabia accounted for more than 45% of the global chemical warehousing and storage market and recorded a total chemical storage capacity of more than 210 million cubic meters.
Volatility in raw material prices is challenging the spill pallets market growth. The gap in the global demand for and supply of plastic polymers and steel prices in the last few years has led to a considerable decrease in raw material prices. For instance, crude oil prices increased in 2021, as increasing COVID-19 vaccination rates, relaxing pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. However, an increase in the global crude oil prices since 2021 has increased the prices of polymers, which is hampering the profitability of vendors.
Spill Pallets Market 2022-2026: Segmentation
By product, the market has been segmented into plastic spill pallets and steel spill pallets. The plastic spill pallets segment will have significant market share growth during the forecast period. The global plastic spill pallets market is expected to grow significantly during the forecast period due to the increasing demand for PSPs from various end-user industries such as chemical, food and beverage, oil and gas, and pharmaceutical.
By geography, the market has been segmented into North America , APAC, Europe , South America , and Middle East And Africa. North America will have significant market share growth during the forecast period.
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Spill Pallets Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Spill Pallets Market, including Acklands Grainger Inc., Brady Corp., Complete Environmental Products Inc., Darcy Products Ltd., ENPAC, Fosse Ltd., Jonesco Preston Ltd, Justrite Mfg. Co. LLC, LSH Industrial Solutions Pte Ltd, Meltblown Technologies Inc., New Pig Corp., Nilkamal Ltd., Protective Industrial Products Inc., Qingdao Huading Industry. Co. Ltd., Robinson Industries Inc., Safety Storage Systems Ltd., Spill Station Asia Pte Ltd, TMF Corp., UltraTech International Inc., and DENIOS Ltd. among others.
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Spill Pallets Market 2022-2026: Key Highlights
Dry Bulk Shipping Market by Type and Geography - Forecast and Analysis 2022-2026
Third-Party Chemical Distribution Market by Type and Geography - Forecast and Analysis 2021-2025
Accelerate at a CAGR of 5.1%
North America, APAC, Europe, South America, and Middle East and Africa
US, Canada, China, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
Acklands Grainger Inc., Brady Corp., Complete Environmental Products Inc., Darcy Products Ltd., ENPAC, Fosse Ltd., Jonesco Preston Ltd, Justrite Mfg. Co. LLC, LSH Industrial Solutions Pte Ltd, Meltblown Technologies Inc., New Pig Corp., Nilkamal Ltd., Protective Industrial Products Inc., Qingdao Huading Industry. Co. Ltd., Robinson Industries Inc., Safety Storage Systems Ltd., Spill Station Asia Pte Ltd, TMF Corp., UltraTech International Inc., and DENIOS Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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