The global carbon steel IBC market is anticipated to reach a value of US$ 2.6 Bn in 2022 and continue to grow at a CAGR of 5.4% to reach US$ 4.4 Bn by the year 2032, according to research from Future Market Insights. With the top 3 nations predicted to control between 30 and 35 percent of the market by the end of 2022, it is anticipated that sales of the boxes by Capacity would increase.
IBCs with capacities between 160 and 350 gallons are the most ideal for industrial chemicals. Convenience, greater product protection, and the capability of heavy-duty transportation are the driving forces behind the same. IBCs with a capacity of 160 to 350 gallons are anticipated to be worth US$1.2 billion by the end of 2032.
Global Carbon Steel IBC Market: Overview
Carbon steel IBC is an industrial grade reusable container for bulk storage and is painted exterior with carbon steel. Carbon steel IBC is used for transporting and storing bulk liquids. Carbon steel IBC is also known as a tote and is capable of stacking and can be moved by a pallet jack or forklift. Carbon steel IBC is an ideal choice when it comes to the storage of oil and lubricants. Carbon steel IBC is extremely impact resistant, durable and works well in the non-corrosive chemical environment. Carbon steel IBC I less expensive than stainless steel IBC. Carbon steel IBC is lighter and cheaper than stainless steel.
Carbon steel is a metal alloy made up of a combination of two elements, iron and carbon. Carbon is the principal hardening and strengthening material in the steel. Due to its hardness, carbon steel IBC is durable. Carbon steel IBC is more susceptible to rust than stainless steel IBC. Carbon steel IBC is reusable, allows easy filling and dispensing and are environmentally friendly as they reduce clean-up and disposal concerns. Carbon steel IBC is a lightweight and less expensive alternative to stainless steel IBC. Factors driving the carbon steel IBC market are the strength, high fatigue strength, low weight, and toughness. Carbon steel IBC’s capacities range from 110 gallons to 550 gallons.