Global Flammable and Combustible Chemical Storage Cabinets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flammable and Combustible Chemical Storage Cabinets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Flammable and Combustible Chemical Storage Cabinets are used in several industries to store flammable materials that can pose health and safety risks when they're not stored correctly. These flammable cabinets are designed to protect flammable and combustible contents from a fire outside of the cabinet for a certain period.

Market Overview:

The latest research study on the global Flammable and Combustible Chemical Storage Cabinets market finds that the global Flammable and Combustible Chemical Storage Cabinets market reached a value of USD 345.61 million in 2022. It’s expected that the market will achieve USD 518.32 million by 2028, exhibiting a CAGR of 6.99% during the forecast period.

Wide range of downstream applications

From the downstream application point of view, Flammable and Combustible Chemical Storage Cabinets have a wide range of applications. Flammable and Combustible Chemical Storage Cabinets products are developed around the laboratory, which is an essential key equipment for scientific research institutions, universities, government research and development, and enterprise research and development. Wide application fields drive the market demand growth for flammable and combustible chemical storage cabinets.

The demand for automation products is increasing

More and more automated products are used in laboratories to store chemicals and move equipment, thus saving costs. Automation in the laboratory can realize efficient workflow and minimize errors and pollution, and the market demand for automatic switch Flammable and Combustible Chemical Storage Cabinets is increasing.

Lack of technical standards

With the increasing emphasis on safety in various countries and the expansion of market demand, the lack of technical standards related to Flammable and Combustible Chemical Storage Cabinets in some countries has been highlighted, which has led to confusion in the market of Flammable and Combustible Chemical Storage Cabinets in this part of the country. From the producer's point of view, no unified technical standard will lead to disorderly vicious competition in the industry, resulting in the continuous decline of product quality. The lack of technical standards in some areas affects the market competition order.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (36.99% in 2021).

Company Overview:

The major players operating in the Flammable and Combustible Chemical Storage Cabinets market include Denios, Justrite Safety Group, Asecos, Sysbel, Kewaunee Scientific, etc. Among these, Denios ranked top in terms of sales and revenue in 2022.

Denios, Inc. supplies material storage buildings and products. The Company offers drum handling equipment, an acid pump, flammable cabinets, and safety barriers. Denios serves customers worldwide.

Justrite is a leading manufacturer of storage, handling, and workplace safety products. Justrite is a global leader in the manufacturing of safety cans, safety cabinets, outdoor safety storage, spill containment, gas cylinder storage equipment

Segmentation Overview:

As for product types, the 30-60 Gallon segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Laboratory, with a market share of 70.51% in 2021.

Key Companies in the global Flammable and Combustible Chemical Storage Cabinets market covered in Chapter 3:

SciMatCo
Securall
Lab Crafters
Asecos
Benko Products
Denios
Yamato Scientific
Vidmar
USA Safety Solutions 
Sysbel
Justrite Safety Group
Kewaunee Scientific
A.T. Villa
US Hazmat Storage
Labconco
Terra Universal
Durham Manufacturing
Waldner

In Chapter 4 and Chapter 14.2, on the basis of types, the Flammable and Combustible Chemical Storage Cabinets market from 2018 to 2029 is primarily split into:

Below 30 Gallon
30-60 Gallon
60-100 Gallon
Above 100 Gallon

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flammable and Combustible Chemical Storage Cabinets market from 2018 to 2029 covers:

Chemical Plant
Laboratory
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)