Drum Liners Market Report

Rise in demand for adhesives, gel coats, and textile dyes in footwear, labels, paints and coatings, construction, and packaging applications is foreseen to augur well for the global drum liners market. Drum liners are considered to be ideal for quick storage and shipment of such materials in their raw, liquid, paste, or powder form. The chemical industry is foreseen to continue to increase the demand for flexible drum liners during the forecast period. High consumption of chemicals in advanced economies such as the US is predicted to increase the need for drum liners. Increase in construction activities and rapid growth of the packaging industry in emerging countries such as India and China are prophesied to put a positive impact on the growth of the global market.

Researchers at QYR Consulting project the global drum liners market to expand at a moderate CAGR of 4.4% between 2019 and 2025. By the end of 2025, the global market size is forecast to touch around US$180 Mn. In 2018, it was approximately US$133 Mn.

Market Dynamics

Key benefits of using drum liners such as cost-effectiveness, reusability of drums, and adjustable elasticity are expected to increase their application in various industries. Drum liners can significantly reduce the need to clean garbage drums. High demand in the industrial packaging market and growth in oil and petroleum export are anticipated to increase the requirement of drum liners. The trend of flexible packaging and affordable cost of drum liners are predicted to together create market opportunities in the near future. Increasing application of drum liners in the mixing, shipment, and storage of a range of products such as inks, coatings, adhesives, chemicals, and cosmetic materials is foretold to add to the growth of the global market.

Market Segments

The global drum liners market is segmented as per product type and application. Product type segments, viz. semi-rigid drum liner, rigid drum liner, and flexible drum liner have been studied in the report. The analysts have also provided segmental analysis on applications, viz. cosmetics and pharmaceuticals, food and beverages, petroleum and lubricants, industrial chemicals, and others.

By Region

Key Players

Among key players, the report focuses on CDF Corporation, SPP Poly Pack, Fujimori Kogyo, Dana Poly, NITTEL, Welch Fluorocarbon, International Plastics, The Cary Company, Protective Lining Corp, ILC Dover, and Vestil Manufacturing.

Regions

North America – 32.97%

Asia Pacific – 24.1%

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.