The global tank cleaning service market is anticipated to grow at a significant CAGR of 3.1% during the forecast period (2022-2028). The global tank cleaning service market is growing as it minimizes the possibility of health problems as fewer pollutants were left behind after the usage of tanks. A regular tank cleaning service also saves the tank from pollutants, rust, corrosion, sludge, and bacteria, which disintegrate the tank, thus, increases the lifespan of tanks. This service also reduces the chances of blockage from pollutants that create plumbing issues and causes leakage. Therefore, the increased awareness of servicing tanks before it creates a blockage in some areas is also boosting the growth of the global tank cleaning service market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In November 2021, Imperial announced the launch of a new, larger tank-cleaning facility, to extend its cleaning services for third parties as well as its Netherlands-based tanker fleet that has three separate cleaning bays- two for standard chemical products and a third cleaning line with a re-circulation cleaning system for heavy-duty cleaning of substances, such as latex or synthetic resins.
- In October 2021, QualiTech announced the launch of a new tank cleaning service for the utility sector, following an investment in the latest screening and classification technology from wet processing industry experts CDE.
- In September 2020, ALFRED TALKE GmbH & Co. KG announced their partnership with TRAVIS Road Services to offer tank cleaning services to other carriers in the petrochemical industry.
- In 2020, RISAL – Redland Industrial Services Arabia Ltd. had signed an agreement with CREST Oil and Gas to provide ultrasonic cleaning services and solutions to the oil, gas, and petrochemical sector in Saudi Arabia.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Arkoil, SWS ENVIRONMENTAL, System Kikou Co., Ltd., Jereh Group, and Veolia and Thompson Construction Group, LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Tank Cleaning Service Market Report by Segment
By Type
- Manual Cleaning Service
- Automated Cleaning Service
By Application
- Crude Oil Tanks,
- Refinery Tanks
- Commercial Tank
- Other
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