Storage tanks are containers that hold liquids, compressed gases (gas tank; or in U.S.A “pressure vessel”, which is not typically labeled or regulated as a storage tank) or mediums used for the short- or long-term storage of heat or cold. Storage tanks are often cylindrical in shape, perpendicular to the ground with flat bottoms, and a fixed or floating roof. There are usually many environmental regulations applied to the design and operation of storage tanks, often depending on the nature of the fluid contained within. Aboveground storage tanks (AST) differ from underground (UST) storage tanks in the kinds of regulations that are applied.
Market Data Analysis:
The Storage Tank market is projected to be valued at USD 3,047 million in 2019 and is anticipated to generate revenue of USD 3,393 million by the end of 2026, progressing at a GAGR of 1.55% between 2019 and 2026. The Storage Tank market is significantly rising across the globe on the back of the increasing demand for Storage Tank in various industries such as Chemical, Water, and Oil. Water shortages are driving demand for water conservation, thereby boosting the demand for industrial water storage tanks for water treatment and purification. With the recovery of the global economy and the development of emerging powers, the Storage Tank market is endowed with a promising future.
Geographically, the Storage Tank global market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America was the major revenue generating region in 2018 with a share of 30.22% and is expected to garner growth in the coming years. Strict regulations for industrial wastewater treatment in countries such as the United States, Canada, and Mexico are contributing to the growth of the market. Moreover, the growth of various industries such as construction, chemicals, and petrochemicals will also propel the growth of the Storage Tank market. Asia-Pacific is currently leading Europe with a market share of 28.15% and 27.96%. Strong economic growth and rapid urbanization are projected to promote the growth of the market in the Asia-Pacific region.
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Global Storage Tank market: Type segments
Global Storage Tank market: Application segments
Global Storage Tank market: regional segments
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Storage Tank market, including CST, CB&I, PermianLide, Highland Tank, Fox Tank, Motherwell Bridge, Toyo Kanetsu K.K., ISHII IRON WORKS, Pfaudler, MEKRO, CIMC, HANJUNG CIT, Wuxi Xinkaihe tank, WUXI XINLONG, HUARUN ENVIRONMENTAL EQUIPMENT, Luqiang metal container, RXY, Lanpec Technologies Limited, etc. These participants have adopted various growth strategies to meet the growing demand for Storage Tank market and to increase their market share.
Storage Tank Market Intended Audience:
- Storage Tank manufacturers
- Storage Tank importers and exporters
- Storage Tank traders, distributors, and suppliers
- Raw material suppliers of Storage Tank
- Storage Tank industry associations
- Product managers, Storage Tank industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
- Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Storage Tank Market
2 Market Trends and Competitive Landscape
3 Segmentation of Storage Tank Market by Types
4 Segmentation of Storage Tank Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Storage Tank Market in Major Countries
7 North America Storage Tank Landscape Analysis
8 Europe Storage Tank Landscape Analysis
9 Asia Pacific Storage Tank Landscape Analysis
10 Latin America, Middle East & Africa Storage Tank Landscape Analysis
11 Major Players Profile
11.1.1 CST Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.4 Highland Tank
11.5 Fox Tank
11.6 Motherwell Bridge
11.7 Toyo Kanetsu K.K.
11.8 ISHII IRON WORKS
11.12 HANJUNG CIT
11.13 Wuxi Xinkaihe tank
11.14 WUXI XINLONG
11.15 HUARUN ENVIRONMENTAL EQUIPMENT
11.16 Luqiang metal container
11.18 Lanpec Technologies Limited
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