Steel drums find extensive application in the transport and storage of various types of materials including coatings, chemicals, oil, and paint among others. The key influencer that is propelling the market for steel drums is the scope of recycling and reconditioning of steel for reuse. As a result, sustainability and cost efficiency are key aspects of the business.
Steel drums are manufactured through the process of forming steel rolls, which are welded, coated, and painted. High scope for recycling, space utilization, and superlative performance in different temperatures are key factors that drive the usage of steel drums over alternatives made of plastic or fiber.
As per a recent study by Future Market Insights on the global steel drums market, rapid growth is anticipated, particularly in emerging economies, attributed to the growing use of steel drums in chemical and solvent production sectors, including the development of products such as dyes and glues, among other solvents.
Eco-Friendly Benefits Boosts the Use of Steel Drums
Steel containers are often recycled or reused, owing to favorable material properties that greatly increase savings in monetary costs of transport and storage in addition to environmental sustainability. Moreover, steel can be recycled numerous times, without compromising on the strength and performance of the source materials, which enables the secure transportation of products through the different stages of a supply chain.
Currently, a very large portion of steel products including steel drums, automobiles, and consumer appliances are manufactured with the use of recycled steel. This is particularly true in developed countries, where approximately 70 million tons of steel is recycled in the US every year. Similarly, Japanese businesses reused nearly 60% of all steel drums every year. Countries from the European Union have set 80% target for recycling steel, by the end of 2030.
Reconditioning and Safety Innovations in Steel Drums Trend
Growing concerns over environmental pollution, has resulted in increasing recycling activity and safe disposal of packaging containers that have resulted in the imposition of new rules and regulations that make it compulsory for companies to set up recovery processes for any packaging products that they may use.
On the other hand, the re-use of steel drums, with the residues of older materials can result in cross-contamination, which has led to the rise in the popularity of reconditioning services. Procedures such as washing, rebottling, drying, furnace oxidation, and reinforcement are carried out on the used steel drums. Moreover, the reuse of steel drums is far more eco-friendly in comparison to scrapping procedures.
In addition, businesses have recently started to use fusible plugs on steel drums for the safe transport and storage of volatile materials. Fusible plugs are similar to standard plugs, have the added advantage of incorporating impact‐resistant polyethylene, propylene, or nylon resins. With the use of fusible plugs and the correct suppression procedures, as per the local certifying authorities, the performance of the steel drums is optimized. The extreme durability and fire resistance of steel drums ensure high levels of safety while transporting or storing hazardous materials.
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