Global Safety Cabinets and Cans Market 2017-2021

Overview of the global safety cabinets and cans market

Owing to the factors such as the rise in aging population, the increased incidences of chronic diseases, and the increased investments in R&D, the pharmaceutical market is witnessing substantial growth. The upsurge in healthcare expenditure has triggered the demand for R&D initiatives and investments, propelling the growth of pharmaceutical industry. Technavio's market research report has identified the growth of the biopharmaceutical industry as one of the primary factors that will fuel the growth of the safety cabinets and cans market in the coming years. Biopharmaceuticals have an enormous potential to cure diseases that are either non-curable or difficult to cure. With the growing demand for biologics, the emerging economies such as China and India are witnessing a considerable growth of the pharmaceutical industry. The industry's growth will consequently drive the need for safety cabinets and cans. Our market research analysts predict that this market will register a revenue of close to USD 4.7 billion by 2021.

Japanese firms are increasingly entering the European economies owing to the opportunities for enhancing their geographic reach and technological advances. The emerging companies in the chemical industry are also concentrating on core competencies by realigning their portfolios. It has been predicted that the in the coming years several players in the chemical industry will focus on following strategies such as mergers and acquisitions in the coming years. According to our analysis, this increase in M&A activities in the chemical industry will be one of the key trends contributing to the growth of the safety cabinets and cans market in the coming years.

What's your takeaway?

Technavio's industry research report titled, Global Safety Cabinets and Cans Market 2017-2021, will help you-

• Identify latent opportunities and explorative solutions in the safety cabinets and cans market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The safety cabinets and cans market appears to be fragmented due to the presence of several vendors. Owing to little product differentiation, the vendors in the market compete based on promotional efforts, quality, branding, and customer service to improve their market shares. The competition among the players will intensify in the coming years due to the focus of the vendors towards offering products with enhanced quality and features. Additionally, the vendors in the safety cabinet market also invest on R&D and continuous innovation and focus on the provision of support services.

The leading vendors in the market are-

• DENIOS
• Eagle Manufacturing Company
• ECOSAFE
• Justrite

The 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.

Segmentation by end-user and analysis of the safety cabinets and cans market

• Chemical and petrochemical sector
• Oil and gas industry
• Manufacturing sector
• Pharmaceutical sector
• Mining industry
• Construction sector

During 2016, the chemical and petrochemical sector accounted for the highest share of the safety cabinets and cans market due to the growing demand for natural and liquids across chemical-based industries. Growing customer needs along with the rising environmental concerns will enhance the need for innovations towards novel chemical solutions. The growth of the safety cabinet market in this segment will mainly attribute to the supply and demand from the Asian market for specialty chemicals.

Segmentation by geography and analysis of the safety cabinets and cans market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the safety cabinets and cans market due to the increasing investments in chemical industry, which includes pharmaceutical, agricultural chemicals, petrochemical and organics, consumer products, and coatings sectors. Countries such as the US are cost-effective regions for chemical production due to the extensive availability of natural gas and crude oil and the support from the government. This will in turn, drive the need for safety cabinets and cans in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global safety cabinets and cans market?
• What are the key market trends impacting the growth of the global safety cabinets and cans market?
• What are the challenges to global safety cabinets and cans market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global safety cabinets and cans market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global safety cabinets and cans market?

Technavio also offers customization on reports based on specific client requirement.

This research report on the global safety cabinets and cans market offers insights into the major trends and forthcoming drivers stimulating the growth of the energy industry. Our industry reports for the energy also follow a data collection approach that consists of a combination of qualitative and qualitative data and offer an analysis of the fast-growing market segments like power.  

By taking into account the extremely volatile market dynamics, the rapidly expanding market size and the surging demand for various segments of the power sector, the market research professionals at Technavio present a complete overview of the safety cabinets and cans market for the period of 2017 to 2021. Furthermore, our research practices support clients to develop growth strategies that can align with the rapidly changing market landscape. This market research report also presents detailed intelligence of multiple products and services based on the inference from the information gathered from specific resources such as channel partners and market stakeholders. 

This forthcoming market research report on the safety cabinets and cans market also covers vendors like Justrite, Eagle Manufacturing Company, and SafetyCompany. Our industry analyst believes that significant investments in R&D initiatives over the last few years may significantly impact the safety cabinets and cans market across the globe. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the safety cabinets and cans market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for safety cabinets and cans market also categorizes the relevant drivers, trends, and challenges that the power sector currently experiences. This upcoming report on the safety cabinets and cans market presents insights into the rapidly changing vendor landscape to give clients a complete picture of the forthcoming events within the energy industry. Technavio also offers in-depth market assessments into the sectors such as energy storage and smart grid.

Our market research methodology for the safety cabinets and cans market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.