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Opportunities For The Global Plastic Water Storage Tank Market To Reach $1.3 Billion By 2024
According to a new market report published by Lucintel, the future of the global plastic water storage tank market looks promising with opportunities in the sectors of residential, commercial, industrial, and municipal. The global plastic water storage tank market is expected to reach an estimated $1.3 billion by 2024 with a CAGR of 3.4% from 2019 to 2024. The major drivers for this market are growing construction activities and increasing concerns about water conservation.
In this market, polyethylene and PVC are used for manufacturing of plastic water storage tanks. On the basis of comprehensive research, Lucintel forecasts that polyethylene will remain the largest segment and it is also expected to witness the highest growth because it is exceptionally durable, light weight, and cost effective.
Within the global plastic water storage tank market, residential will remain the largest end use industry due to increasing housing starts and growing population.
Plastic tanks are used for potable water, water conservation, wastewater, industrial wastewater, fire protection, and plumbing and engineering applications. The largest application will continue to be plastic tanks for potable water, which is also expected to witness the highest growth over the forecast period due to increasing residential construction and increasing spending on water infrastructure.
In this market, underground plastic water storage tanks are more predominant due to increasing government regulation towards wastewater treatment and water conservation.
Asia Pacific will remain the largest region. It is also expected to witness the highest growth over the forecast period due to growing population and construction activities in this region.
An emerging trend, which has a direct impact on the dynamics of the market, includes increasing demand for four layered water storage tanks for protection from bacteria and fungus. Sintex, Niplast, Plastic Proget European, Enduramaxx, Cotteril Civil, American Tank, Protank, Nova Plastic Industry, GHP Manufacturing, and Protank are among the major suppliers of plastic water storage tank market.
Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global plastic water storage tank market by application, end use, process, polymer, size, type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Plastic Water Storage Tank Market 2019-2024”. The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global plastic water storage tank market by application, end use, process, polymer, size, type, and region, as follows:
By Application [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Potable Water
• Water Conservation
• Industrial Waste Water
• Fire Protection
• Plumbing and Engineering Solution
By End Use [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
By Polymer [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• PVC and Others
By Plastic [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
By Size [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Less than 1,000 liters
• 1,000 liters to 5,000 liters
• More than 5,000 liters
By Type [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
By Region [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• North America
This 229-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high growth opportunities for the global flooring market by application (potable water, water conservation, wastewater, industrial wastewater, fire protection, plumbing and engineering solution), end use (residential, industrial, commercial, and municipal), polymer (polyethylene, and PVC, and others) process (fresh and recycled), size (less than 1,000 liters, 1,000 to 5,000 liters, and more than 5,000 liters) type (aboveground and underground) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which product segment will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?
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