Chemicals & Steel Drums

The chemical sector holds a significant share of the steel drum market for safe packaging solutions and is expected to drive the growth of the steel drum market. By the 1950s and 60s, the burgeoning chemical industry became a major end user of steel drums, which continues today. The consumption of steel drums for transport of various chemicals is projected to increase with rapidly increasing cross border trade from emerging economies. Given the extensive utilization by chemical, petroleum, and lubricant industries for storage and shipment purposes, steel drums should continue to witness sustained sales over the following years.