Tank Cleaning Services Market by Service Type (Manual Cleaning Service and Automated Cleaning Service), by End-User (Oil & Gas Industries, Petrochemical Industries, Pharmaceutical Industries, Food & Processing Industries, Maritime Industries and Municipal & Public Water Systems)–Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Tank Cleaning Services Market size was valued at USD 2.92 billion in 2023 and is predicted to reach USD 3.62 billion by 2030 with a CAGR of 3.1% from 2024-2030. The tank cleaning services are the professional cleaning processes of industrial and commercial storage tanks that store various liquids or materials.

These services are vital for industries such as petrochemical, chemical, food & beverage, pharmaceuticals, and water treatment, ensuring the cleanliness, hygiene, and operational efficiency of the tanks. Specialized equipment and cleaning agents are utilized to remove residual liquids, sludge, sediment, and contaminants from the tanks without compromising their structural integrity. The frequency and complexity of tank cleaning services depend on factors such as the type of tank, the stored materials, and industry-specific requirements.

Market Dynamics and Trends

The tank cleaning services market is driven by the growing global industrialization and continuous expansion of certain sectors such as oil & gas sector, petrochemicals, and pharmaceuticals. The expansion of these industries has heightened their focus on stringent maintenance and adherence to regulatory standards. This surge in industrial operations highlights the essential role of tank cleaning services in meeting the evolving needs of diverse sectors, contributing significantly to the overall growth of the market.

Moreover, the growth of the tank cleaning services market is propelled by the increasing globalization and the exchange of goods through international imports and exports. These services are essential to uphold sanitation and preserving the quality of products on a global scale.

Furthermore, the tank cleaning services market is driven by the expanding pharmaceutical industry. As pharmaceutical companies expand their operations to meet growing demand, the need for tank cleaning becomes crucial. Storage tanks play a significant role in maintaining the quality of pharmaceutical products, making specialized cleaning services essential. These services ensure compliance with regulations, uphold safety standards, and contribute significantly to the efficiency of pharmaceutical manufacturing processes.

Furthermore, the expansion of tank cleaning services industry is propelled by the increasing global presence of pharmaceutical industry. As per the report of the European Federation of Pharmaceutical Industries and Associations, during the period from 2016 to 2021, the Brazilian, Chinese, and Indian markets experienced remarkable growth rates of 11.7%, 6.7%, and 11.8% respectively. 

This growth is substantially higher compared to the average market growth of 5.8% for the top five European Union markets and 5.6% for the US market during the same period. As these industries grow, the demand for services that maintain the purity and quality of products – such as tank cleaning – naturally increases. This is because the storage and handling of pharmaceutical products require strict adherence to quality and safety standards, which includes maintaining the cleanliness and integrity of storage tanks.

However, tank cleaning services often involve specialized equipment, skilled labour, along with the use of expensive, environmentally friendly cleaning agents. These factors contribute to high operational costs, which can be a barrier for market growth. On the contrary, introduction of advance technologies such as nanotechnology, which has the capability to break down contaminants for cleaning efficiently is expected to create opportunities for the market in the coming future. 

Market Segmentations and Scope of the Study

The tank cleaning services market is segmented on the basis of service type, end-user, and region. On the basis of type, the market can be divided into manual cleaning service and automated cleaning service. On the basis of end-user, it can be segmented into oil & gas industries, petrochemical industries, pharmaceutical industries, food & processing industries, maritime industries and municipal & public water systems and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of tank cleaning services market at present and is expected to continue its dominance during the forecast period. This is due to rapid industrialization and presence of several manufacturing units, such as nuclear power plants and crude oil drilling rigs. As per the latest report published by the U.S. Energy Information Administration, in September 2023, the U.S. was the top producer of crude oil in 2022, contributing 14.7% to global production.

Moreover, as of October 2023, the U.S. has the highest number of licensed nuclear power plants globally, with a total of 94 plants. These services are crucial for cleaning the tanks, containing radioactive waste, fuel, oil-water separators, and more. They play a key role in ensuring the safety of valuable assets by preventing issues such as leakage, spills, and other degradation problems.

Additionally, presence of major companies such as Quala, US Waste Industries, Inc., BOASSO Global Inc, and Evergreen Industrial Services among others, which operates in this region is driving the market. These companies invest on advance technologies and ecofriendly solutions for enhanced automatic tank cleaning processes. For instance, in August 2023, Quala and Boasso Global, (merged business), acquired Mainport Tank Cleaning (MTC), a leading tank cleaning and ISO tank container depot services business from Matrans Holding B.V.

This acquisition allows these prominent North American tank cleaning companies to broaden their operations in Europe, contributing to the overall market growth in the region. However, Asia Pacific is showing a steadily rise in the tank cleaning services market due to the growing presence of chemical, petrochemical, and related industries in countries such as China, Thailand and India. The demand for these services is crucial in the chemical sector to uphold the integrity of storage tanks and ensure the safety of both workers and the environment.

According to a report published by Energy Transitions Commission, in May 2022, China emerged as the largest producer and consumer of chemical products like ammonia, methanol, and ethylene. Additionally, China's contribution to global chemical product sales surpasses 40%, highlighting the significance of tank cleaning services in supporting the maintenance and safety standards of the growing chemical industry in the region.

Moreover, the market is experiencing growth in the Asia-Pacific region due to an increase in the export of food products and increase in number of food processing units, in countries such as China, Japan, Hong Kong, and Vietnam. , in 2021, the Asia-Pacific region contributed approximately 2.6% to the global exports of food products, with China and Japan being the primary contributors in the region. As the export of food products rises, the significance of tank cleaning services in food processing units also increases to uphold the necessary cleanliness and quality standards.

Competitive Landscape

The tank cleaning services market comprises various market players such as Dulsco, Quala, Clean Harbors, Tradebe Refinery Services, Evergreen Industrial Services, Veolia, Alfa Laval AB, GFL, K2 Industrial Services, and Jereh Group among others. These market players are adopting various partnership and acquisition of business across various regions to maintain their dominance in tank cleaning services market.

For instance, in July 2021, Alfa Laval joined hands with Evergreen Marine Corporation for supplying two Alfa Laval PureSOx scrubbers, which are integrated with a shared water cleaning system (WCS) in the Evergreen Marine Corporation colossal ship, Ever Ace. This could lead to more stringent requirements for tank cleaning, pushing service providers to innovate and upgrade their practices and equipment.

Moreover, in June 2020, Jereh Group signed a strategic cooperation agreement along with Yantai Port Group, which is a transportation group connecting different regions. The agreement is anticipated to strengthen collaboration in various areas such as oil tank cleaning, import and export of heavy machinery and spare parts, port cleaning, wastewater treatment, oily waste disposal, and more.

Key Benefits

• The report provides quantitative analysis and estimations of the tank cleaning services market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the tank cleaning services market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the tank cleaning services market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Service Type 

• Manual Cleaning Service 

• Automated Cleaning Service

By End User

• Oil & Gas Industries

• Petrochemical Industries

• Pharmaceutical Industries

• Food & Processing Industries 

• Maritime Industries 

• Municipal & Public Water Systems

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Test