Global Oily Waste Can Market is segmented By Material Type (Steel, Plastic), By Colour (Red, Yellow, Others), By Capacity (2-6 Gallons, 7-10 Gallons, 11-14 Gallons, 15-18 Gallon, Above 18 Gallon), By Lid Type (Foot Operated Self Closing, Hand Operated Self Closing), By End-User (Auto Repairs Shops, Warehouse Facilities, Machine Shops, Manufacturing Plants, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Oily Waste Can Market Overview
The Global Oily Waste Can Market is estimated to reach at a CAGR of 3.2% during the forecast period (2024-2031).
Oily Waste Cans are disposable containers used to dispose of rags and cloths soaked with solvents, linseed oil, thinners, combustible adhesives, and other flammable liquids that present a serious fire risk improperly discarded.
The specially designed lid of these cans opens no more than 60 degrees. In addition, it stays closed when not in use, isolating contents from fire sources and limiting oxygen so spontaneous combustion risk is virtually eliminated.
These cans are mostly found in auto repair shops, warehouse facilities, marinas, machine shops, construction sites, printing operations, and manufacturing plants.
Oily Waste Can Market Summary
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Metrics |
Details |
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Market CAGR |
3.2% |
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Segments Covered |
By Material Type, By Colour, By Capacity, By Lid Type, By End-User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
North America |
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Largest Market Share |
Asia Pacific |
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Oily Waste Can Market Dynamics
Growing importance of fire safety at workplace is driving the oil waste can market
Safety in the workplace is a crucial factor for all industries to promote the wellness of human beings, and oily waste can are a necessary part of compliance for safety in the workstation. Oily waste can are gaining popularity in numerous end users such as chemicals, automotive and others, as these are perfect for keeping safety in the workplace by offering a convenient way to dispose of hazardous waste material in confined work stations.
These factors are foreseen to increase the demand for oily waste can in the coming years. Exceptional characteristics of oily waste cans such as robust construction, the restricted opening of the cover, and easy accessibility are expected to propel oily waste growth over the forecast period.
Fluctuations in raw materials prices is likely to hinder the market
Regardless of a positive outlook, growing instability in raw material prices is expected to restrain the oily waste can market during the forecast period. The global steel industry is witnessing a continuous steel prices rise. For instance, as per a Credit Suisse report, China and FTA export HRC prices rose $50 and $10 per ton, respectively, in the previous week, while Indian mills saw hikes of up to $60 per ton.
However, establishing a long-term relationship with raw material suppliers and channelizing effort to innovate products offering are anticipated to sustain revenue growth in the oily waste can market.
Oily Waste Can Market Segmentation Analysis
Based on material, oily waste can market be categorized into steel and plastic.
Steel is expected to dominate the market owing to its demand and preference in manufacturing oily waste cans by the companies. Manufacturers are into making these cans with galvanized steel. Galvanized steel is a type of steel that is corrosion resistant and rust-free. It is manufactured by a specific process called galvanization. It involves applying a protective coating of layers such as zinc to prevent rusting and corrosion.
For instance, Justrite Mfg. Co., L.L.C. manufacturers oil waste cans with steel with a powder-coat finish that provides durability, chemical resistance. Moreover, VWR International, LLC offers oily waste cans with galvanized steel body construction with a durable powder-coat finish.
Oily Waste Can Market Geographical Share
North America is to dominate the global oily waste can market and grow at significant CAGR over the forecast period. For instance, increasing manufacturing output in the region and a strong focus on health & safety practices in the workplace together are expected to drive the oily waste can market in the coming years. In North America, the U.S. is projected to lead regarding market share, while Canada is likely to maintain the growth rate during the forecast period.
Moreover, Asia-Pacific regions are significant shareholders of global oily waste can market and are projected to represent lucrative incremental $ opportunity during the forecast period.
Oily Waste Can Market Companies and Competitive Landscape
The oily waste can market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Justrite Mfg. Co., L.L.C, Sysbel Corporation, Eagle Manufacturing Company, VWR International, LLC., P. Henkel GmbH, USHA FIRE SAFETY EQUIPMENTS (P) LTD., DENIOS, Shanghai Koudx Industry Technology Co., Ltd., ROTOTEC SPA, TENAQUIP Limited among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the oily waste can market globally.
Justrite Mfg. Co., L.L.C
Overview: Justrite Mfg. Co., L.L.C is an American company specialized in the safe management of flammable liquids and other hazardous material. The company is headquartered in Mattoon, IL, U.S.
Product Portfolio: Justrite Mfg. Co., L.L.C offers 35 models of oil waste cans, served under the banner of Aerosolv, Prosolv and Justrite. They are made up of High-Density Polyethylene and Steel.
Key Developments:
- In January 2021, JustriteSafety Group acquired Rhode Island-based National Marker Company (NMC), a leading manufacturer of facility safety communication products
The global oily waste can market report would provide an access to an approx. 77 market data tables, 72 figures and 240 pages.
