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Global Safety Cabinets and Cans Market 2017-2021

Global Safety Cabinets and Cans Market 2017-2021

About Safety Cabinets and Cans

The safe storage of materials that are perilous is an absolute necessity to ensure a hazard-free environment. Flammable and combustible liquids or chemicals if handled inappropriately or stored at an improper place can lead to severe hazards in the workplace. The storage of these hazardous materials in safety cabinets and cans will ensure:

  • Improvement of workplace efficiencies
  • Prevention of facility damage
  • Protection of the personnel working in that environment
  • These storage facilities are required to adhere to Occupational Safety and Health Administration (OSHA) and Uniform Fire Code (UFC) codes. The National Fire Protection Association (NFPA) and the International Code Council (ICC) have developed guidelines for the safe storage and use of combustibles under UFC, which do not have to be mandatorily followed unless federal, state or local authorities opt to do so.

    Technavio’s analysts forecast the global safety cabinets and cans market to grow at a CAGR of 2.58% during the period 2017-2021.

    Covered in this report

    The report covers the present scenario and the growth prospects of the global safety cabinets and cans market for 2017-2021. To calculate the market size, the report considers the sales/ value.

    The market is divided into the following segments based on geography:
    • Americas
    • APAC
    • EMEA
    Technavio's report, Global Safety Cabinets and Cans Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

    Key vendors
    • DENIOS
    • Eagle Manufacturing Company
    • ECOSAFE
    • Justrite
    Other prominent vendors
    • Complete Environmental Products
    • Jamco Products
    • Rötzmeier Sicherheitsbehälter
    • Safeway Products
    • SciMatCo
    • Strong Hold Products
    • The Durham Manufacturing Company
    Market driver
    • Increase in R&D investments with rising number of researchers
    • For a full, detailed list, view our report
    Market challenge
    • High cost of R&D
    • For a full, detailed list, view our report
    Market trend
    • Global chemical industry witnessing mergers and acquisitions
    • For a full, detailed list, view our report
    Key questions answered in this report
    • What will the market size be in 2021 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?


    Press Release

    Technavio Announces the Publication of its Research Report – Global Safety Cabinets and Cans Market 2017-2021

    Technavio recognizes the following companies as the key players in the global safety cabinets and cans market: DENIOS, Eagle Manufacturing Company, ECOSAFE, and Justrite

    Other Prominent Vendors in the market are: Complete Environmental Products, Jamco Products, Rötzmeier Sicherheitsbehälter, Safeway Products, SciMatCo, Strong Hold Products, and The Durham Manufacturing Company.

    Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Global chemical industry witnessing mergers and acquisitions. The global chemical industry has witnessed a number of mergers and acquisitions, and most mega-mergers have witnessed closure in 2017 till date. Irrespective of being organic or inorganic, the expansion of companies through mergers and acquisitions is experiencing gratifications from investors and industry analysts in the market. For instance, on April 5, 2017, Quaker Chemical, a US-based specialty chemicals firm announced its merger with Houghton International, a US-based metalworking fluid firm after which the stock price increased by near about 7.2%.”

    According to the report, one of the major drivers for this market is Increase in R&D investments with rising number of researchers. R&D is concerned with developing new processes, products, and technologies that can be used for the benefits of humanity. Over the last decade, the global spending on R&D has been rising. More than 80% of investments in R&D across the world has been contributed by the top ten countries, such as China, the US, the UK, and other countries in APAC and the Americas. In the forecast period, developing countries are expected to witness higher growth in terms of investments in R&D when compared with developed countries. This is due to the global economic recession of 2008, which impacted developed economies.

    Further, the report states that one of the major factors hindering the growth of this market is High cost of R&D. R&D involves significant costs, and the inability of small and medium-sized firms, original equipment manufacturers, and distributors to meet expenses restricts the adoption and innovations of several technologies. As a result, costs incurred in R&D across industries and various economies are high.

    Companies Mentioned

    DENIOS, Eagle Manufacturing Company, ECOSAFE, and Justrite, Complete Environmental Products, Jamco Products, Rötzmeier Sicherheitsbehälter, Safeway Products, SciMatCo, Strong Hold Products, and The Durham Manufacturing Company.

    • Executive summary
    • Scope of the report
    • Research Methodology
    • Introduction
      • Market outline
        • Table Global safety cabinets and cans market overview
        • Table Global safety cabinets and cans market by end-users 2016-2021
        • Table Global safety cabinets and cans market by geography 2016-2021
    • Market landscape
      • Market overview
        • Table Global safety cabinets and cans market
      • Market size and forecast
        • Table Global safety cabinets and cans market 2016-2021 ($ millions)
      • Five forces analysis
        • Table Five forces analysis
    • Market segmentation by end-user
      • Market overview
        • Table Global safety cabinets and cans market in manufacturing sector: 2016-2021 (%)
      • Global safety cabinets and cans market by chemical and petrochemical sector
        • Table Global safety cabinets and cans market by chemical and petrochemical sector2016-2021 ($ millions)
      • Global safety cabinets and cans market by oil and gas industry
        • Table Global safety cabinets and cans market by oil and gas industry 2016-2021 ($millions)
        • Table Total natural gas production in selected countries in 2015 (Bcf/d)
      • Global safety cabinets and cans market by manufacturing sector
        • Table Global safety cabinets and cans market by manufacturing sector 2016-2021 ($millions)
        • Table Growth in global semiconductor market by sale 2011-2016 ($ billions)
      • Global safety cabinets and cans market by pharmaceutical sector
        • Table Global safety cabinets and cans market by pharmaceutical sector 2016-2021 ($millions)
        • Table Global R&D spending by pharmaceutical industry 2011-2016 ($ billions)
      • Global safety cabinets and cans by mining industry
        • Table Global safety cabinets and cans market by mining industry 2016-2021 ($ millions)
        • Table Increase in coal consumption in China for power generation (in Gigawatts)
      • Global safety cabinets and cans market by construction sector
        • Table Global safety cabinets and cans market by construction sector 2016-2021 ($millions)
        • Table Country-wise average construction spending in APAC 2015
      • Global safety cabinets and cans market by other sectors
        • Table Global safety cabinets and cans market by other sectors 2016-2021 ($ millions)
    • Geographical segmentation
      • Overview
        • Table Global safety cabinets and cans market by geography 2016-2021
      • Safety cabinets and cans market in Americas
        • Table Safety cabinets and cans market in Americas 2016-2021 ($ millions)
        • Table US pharmaceutical and agricultural chemical production by volume 2012-2017 (%change Y-O-Y)
      • Safety cabinets and cans market in APAC
        • Table Safety cabinets and cans market in APAC 2016-2021 ($ millions)
      • Safety cabinets and cans market in EMEA
        • Table Safety cabinets and cans market in EMEA 2016-2021 ($ millions)
    • Decision framework
    • Drivers and challenges
      • Market drivers
        • Table Region/country wise share in global R&D spending
        • Table Increase in number of researchers per 1,000 people employed in OECD countries 2010-2016
        • Table Global biopharmaceutical market size: Estimated growth in 2016-2021 ($ billions)
      • Market challenges
        • Table Trend of global upstream oil and gas investment 2011-2016 ($ billions)
        • Table Global renewable energy production growth 2014-2016 (in GW)
    • Market trends
      • Global chemical industry witnessing mergers and acquisitions
        • Table Acquisitions of worldwide chemical firms 2011-2016 (deals in numbers)
      • Fluctuations in approvals of specialty drugs over number of fillings
        • Table Global biologic license application (BLA) filings and approvals of specialty drugs2011-2016 (in numbers)
    • Vendor landscape
      • Competitive scenario
      • Other prominent vendors
        • Table Other prominent vendors in safety cabinets and cans market
    • Key vendor analysis
      • DENIOS
        • Table Product overview: DENIOS
      • Eagle Manufacturing Company
        • Table Product overview: Eagle Manufacturing Company
      • ECOSAFE
        • Table Product overview: ECOSAFE
      • Justrite
        • Table Product overview: Justrite
    • Appendix
      • List of abbreviations
    • Explore Technavio

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