Grease Trap Cleaning in the US Industry Market Research Report Now Available from IBISWorld

Despite the necessary nature of grease trap cleaning, restaurants, cafeterias, and hotels postponed services and took on some grease trap cleaning themselves over the five years to 2014, but as the economy recovers, downstream industries will increase demand for industry services and new technology will increase the recyclability and commoditization of greases and oils. For these reasons, industry research firm IBISWorld has added a report on the Grease Trap Cleaning industry to its growing industry report collection.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This
A recovery for downstream clients is driving demand growth for grease trap cleaning

New York, NY (PRWEB) May 26, 2014

The Grease Trap Cleaning industry has expanded over the past five years as demand for the markets it serves, including restaurants and other food service establishments, have benefited from increased consumer spending. Demand for grease trap cleaning is relatively stable due to strict local and state regulations that prohibit the discharge of greasy sewerage into the main sewer systems. Most municipalities require grease traps for commercial establishments to be cleaned regularly to prevent the buildup of fats, oils and grease (FOG), which can cause raw sewage leaks and otherwise costly maintenance of sewer systems. For this reason, industry demand remains closely linked with demand for food service establishments, including fast-food restaurants, school and corporate cafeterias and hotel restaurants. As a result of growth in these segments, Grease Trap Cleaning industry revenue is expected to grow 1.4% per year on average to $417.9 million over the five years to 2014, including growth of 2.4% in 2014.

According to IBISWorld Industry Analyst Andy Brennan, “The industry has been helped by the high price of yellow grease over the past five years, which has created an incentive for restaurants to properly maintain and clean their grease traps.” The pursuit of alternative fuels has intensified, helped by government incentives for biofuel. Yellow grease can be recycled into biodiesel and be used in a growing number of products, including soap, makeup, detergents, livestock feed and rubber.

“The industry is forecast to grow steadily over the five years to 2019,” says Brennan. Rising disposable income will lead more consumers to visit restaurants, which will ultimately cause food service establishments to invest in regular maintenance and cleaning of grease traps. Furthermore, stricter financial penalties are expected against businesses that do not properly dispose of FOGs, especially as more emphasis is placed on recycling. Over the next five years, more research will be put into capturing and separating FOGs from liquid waste. This will particularly be the case for brown grease, the majority of which currently ends up in landfills. Technology that allows brown grease to be transformed into a variety of products, including oil and organic solids is currently in its infancy, but will likely become more efficient over the next five years. As such, grease is expected to become more commoditized, helping to boost industry profit margins in the process.

For more information, visit IBISWorld’s Grease Trap Cleaning in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The Grease Trap Cleaning industry cleans and maintains grease traps to avoid unnecessary backup in sewage systems. Grease traps are plumbing tools that are used to intercept greases before they enter a wastewater system.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


Contact

  • Gavin Smith
    IBISWorld
    +1 310-866-5042
    Email