For the unloading process catalyst bins have slide gate at the bottom for easy discharge of the liquid as a part of efficient transportation. Catalyst bins are used in the petroleum refining, gas processing and petrochemical manufacturing industries.
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Adding to this, there are several benefits of catalyst bins such as storage management for longer duration and safe & effective material handling, the global market is expected to show the prominent growth, during the forecast period.
Catalyst Bins Market: Dynamics
Catalyst bins plays an important role in the supply of catalyst to the industries, it is the efficient way of transportation as compared to traditional method. Catalyst bins are made up of environmental friendly and reusable packaging. Nowadays catalyst bins are made up with the features of stacking pads and lifting lugs which helps in the material handling during the loading & unloading process.
Catalyst bins manufacturers are switching towards sustainable solutions and replacing it with conventional designs of bins that supports smaller format industry. With the increase in demand of petroleum refining, gas processing and petrochemical manufacturing industries, the demand for the bins is also increasing.
Catalyst bins are available with two way or four way forklifting approach. Four way catalyst bins is highly preferred by the end users as this offers bulk lifting from all directions.
COVID-19 has negative impact on the overall market growth of catalyst bins. The sales of petroleum industries has been decreased due to restriction on transportation of goods and the production of only necessary goods takes place, so the demand of catalyst bins is less.
But with the new guidelines implemented by the government, the manufacturing operations are back to normal and this will shows the significant growth on the catalyst bins market.
Catalyst Bins Market: Regional Outlook
The Catalyst bins market has been analysed based on sales growth and value across different Regions that include Asia Pacific, Latin, and North America, Europe, Oceania, and the Middle East and Africa. Petroleum refineries are investing in the development and expansion, the countries in the Middle East has the second largest crude oil reserve, joint venture of Saudi Aramco & Total are fulfilling the demand in the near future.
This expansion will benefit the catalyst bins market with the rise in demand of petroleum products. In Asia Pacific the demand of petrol, gasoline and diesel, has been rising continuously in the past few years due to rapid urbanization and improvement in standard of living primarily in the country like India and China.
Catalyst Bins Market: Key players
The key players of global catalyst bins market are
- Hoover Ferguson Group, Inc.
- Briller Troistar Tanks & Containers Pvt. Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
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Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
- A detailed overview of parent market
- Changing catalyst bins market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the cement packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
Catalyst Bins Market: Segmentation
Globally, the catalyst bins market is segmented by material, storing capacity, end users and lifting approach.
By Material :
- Carbon Steel
- Stainless Steel
- Solid Steel
By Storing Capacity :
- 200kgs to 500kgs
- 500kgs to 1000kgs
- 1000kgs to 3000kgs
- 3000kgs and more
By End users:
- Petroleum refining
- Gas processing
- Petrochemical manufacturing