Chemical Industry Updates

  Chemical drums are air and watertight cylindrical containers primarily used for the storage, handling and transportation of various liquid chemicals and hazardous materials. Chemical drums come in a variety of materials like steel, plastic and fiber with polyethylene and polypropylene being commonly used plastics owing to their chemical resistance and durability properties. The global Chemical Drums Market is estimated to be valued at US$ 21.44 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased global trade of chemicals over the years has been a key factor driving the demand for chemical drums for safe transportation of liquid chemicals across regions. Chemical drums being cost-effective and reusable means of transportation are highly preferred by chemical manufacturers and distributors. Furthermore, stringent regulations around the wor...

  Chemical drums are air and watertight cylindrical containers primarily used for the storage, handling and transportation of various liquid chemicals and hazardous materials. Chemical drums come in a variety of materials like steel, plastic and fiber with polyethylene and polypropylene being commonly used plastics owing to their chemical resistance and durability properties. The global Chemical Drums Market is estimated to be valued at US$ 21.44 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased global trade of chemicals over the years has been a key factor driving the demand for chemical drums for safe transportation of liquid chemicals across regions. Chemical drums being cost-effective and reusable means of transportation are highly preferred by chemical manufacturers and distributors. Furthermore, stringent regulations around the wor...