Adhesive Manufacturing Tank Cleaning Market Size, Share & Industry Analysis, By Type (Type I and Type II), By Application (Water-Based Adhesive Tank, Reactive Adhesive Tank, Hot Melt Adhesive Tank, Solvent-Based Adhesive Tank, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Adhesive Manufacturing Tank Cleaning Market Report Overview

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The global Adhesive Manufacturing Tank Cleaning Market size was USD 32 million in 2021 and is projected to touch USD 45.33 million by 2031, at a CAGR of 3.4% during the forecast period.

Adhesive in manufacturing applications, are defined as any matter that is skilled of retaining constituents at the same time, in an efficient manner by surface attachment that repels any sort of partition. Furthermore, the general meaning and properties of an adhesive incorporates glue, mucilage, cement, and other materials requiring adhesives, that are regularly consumed for any unprocessed substance that creates an adhesive bond. On the other hand, tank cleaning is well known as the procedure of extracting liquids, residue, or hydrocarbon vapors from cargo tanks aboard a tanker. Moreover, the tank cleaning process is needed in diverse applications such as to gas-free tanks for internal checkups, maintenances, or before entering the dock. Additionally, to eradicate residues from the tank top plating.

In continuation, the adhesive manufacturing tank cleaning is segmented into having two variated types such as type I and type II. Firstly, type I adhesive manufacturing tank cleaning takes place amid two groups of same product or amongst unalike assets of the same product. As for marginal washing, cleansing endorsement is not mainly mandatory, given that overlapping of impurity is not an immediate concern. Whereas, type II adhesive manufacturing tank cleaning refers to the cleansing occurring amongst two segmented products, or the cleansing of two different tankers such as reactive adhesive and  hot melt adhesive manufacturing tank cleaning.

COVID-19 Impact: Continuous Growth of COVID-19 Led to a Harsh Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the adhesive manufacturing tank cleaning market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The unprecedented expansion of the COVID-19 virus implemented to a colossal enlargement on a global scale, which led to the international governments labelling it as a pandemic and which employed a decrease in the global demand and laid upon unwanted challenges to uncountable industries and their markets. Moreover, the unparalleled spread of the COVID-19 virus also summoned for an unsympathetic and stiff lockdown, which led to uncountable businesses into closure and conducting tactless budgets cuts to maintain survival within their markets. However, restraints and rigid directives on movement harmed the market because, there were no movement activities permitted within the region and no tankers were employed on duty.

Furthermore, its main consumers such as the water-based adhesive tank, reactive adhesive tank, hot melt adhesive tank, solvent-based adhesive tank and others did not have any sales and did not require any cleaning of their tankers. This led to an overall decrease in growth of the adhesive manufacturing tank cleaning market.

LATEST TRENDS

"Usage of Denatured Alcohol Improves Results from Product Consumption"

The current and latest trend adopted by numerous companies in the adhesive manufacturing tank cleaning process, is the inclusion of denatured alcohol in the cleaning processes of tanks. Due to, denatured alcohol is newly recognized as one of the best cleaning agents. Moreover, denatured alcohol contains properties which can eradicate unwanted substances from tanks such as, glue, grease, dirt, wax, and other types of substances from a multiplicity of firm surfaces, such as glass, plastic, and wood. Hence, giving rise to higher demand from consumers in the water-based adhesive tank, reactive adhesive tank, hot melt adhesive tank, solvent-based adhesive tank markets, as higher efficiency of cleaning results are obtained.

Adhesive Manufacturing Tank Cleaning Market Segmentation

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• By Type

Based on type; Type I and type II

Pool pump is the leading type in this segment

• By Application

Based on application; Water-based adhesive tank, reactive adhesive tank, hot melt adhesive tank, solvent-based adhesive tank and others

Water-based adhesive tank is the leading application in this segment

DRIVING FACTORS

"Post Tank Cleaning Benefits to Users Augments Market Growth"

It has been recorded and noticed within the market, with efficient tank cleaning the benefits gained by the consumers has been on the rise. Moreover, one of the greatest benefits earned by the consumers are the enhanced equipment dimensions, improved hydrocarbon retention and with less waste, as residue and stains are extracted from the walls and drains to make the tanks function  in a more productive and efficient manner. This factor leads towards the adhesive manufacturing tank cleaning market growth.

"Rising Awareness of Need of Tank Cleaning Boosts Market Growth"

In the market, the growing trend and awareness of regularly cleaning manufacturing tanks leads to higher levels of product consumption. Furthermore, the need of regular tank cleaning is a necessity because over time, dirt, dust, debris and harmful bacteria such as legionella can build up in the water, reactive, hot melt and solvent-based adhesive tanks. Hence, as awareness of these concerns grow, which would also grow the demand and supply of adhesive manufacturing tank cleaning, while also boosting the adhesive manufacturing tank cleaning market share.

RESTRAINING FACTORS

"Flotation Method Disadvantages Hampers Market Growth"

The flotation method, is a subpart in the overall adhesive manufacturing tank cleaning procedure. Furthermore, this method is conducted for the removal of tough stains and residue such as lubrication oils, lubrication oil additives, heavy hydrocarbons and methanol residue. However, the disadvantage that comes with this particular method is it involves safety hazards as static electricity charges in the line amid the two liquids or substances present in the tank. Hence, this drawback is expected to hamper the market growth as for health concerns, several business do not use this method which at times results in not up to the mark cleaning results.

Adhesive Manufacturing Tank Cleaning Market Regional Insights

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"North American Region Reclaims Leading Market Position "

North American region holds this leadership over others in the industry, due to having one of the biggest market of variated chemical and oil products in global and short sea trade. Furthermore, with this region consisting of these markets, the tank cleaning market thrives and experiences high demand levels as consumers look to maintain their tanks. Hence, this factor grows the overall demand and supply of the tank cleaning in this region eventually, boosting the adhesive manufacturing tank cleaning market share.

KEY INDUSTRY PLAYERS

"Key Players Strategize to Develop Product Enhancements"

The key market players look to conduct more research and development activities, to raise the efficiency and productivity to give the best cleaning results to consumers. By introducing high powered cleaning tools and stronger concentrated substances, to extract stubborn and rigid residues. This in fact, would generate more sales for the key players and help in maintaining and growing their respective market share, value and position.

List of Market Players Profiled

• Hoover Ferguson Group (U.S.)
• Thompson Industrial Services (U.S.)
• Bluestar (India)
• SWS Environmental Services (U.S.)
• Midwestern Services Inc. (U.S.)
• Tradebe Refinery Services (Spain)
• Mayglothling Waste Ltd (U.K.)
• Greenchem (India)
• Kelly (U.S.)
• USES (U.S.)

REPORT COVERAGE

This report is inclusive of types of in the adhesive manufacturing tank cleaning market, along with its latest trends, driving and restraining factors within the market. Additionally, this report highlights the key industry players and their current strategies and reasons why the leading region claims its title.