Lucintel Forecasts The Global Chemical Storage Tank Market To Reach $6 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the global chemical storage tank market is projected to reach an estimated $6 billion by 2030 at a CAGR of 2% from 2023-2030. Growth in this market is primarily driven by increasing refineries, growing industrialization, and replacement of aging chemical storage tanks.
A more than 150 page report to understand trends, opportunities and forecast in global chemical storage tank market by application (industrial chemicals, fuel, and others), material (FRP (fiberglass reinforced plastic) tanks, metal tanks, plastic tanks and others), insulation type (above ground tanks and under ground tanks), end use industry (petrochemical, food and beverage, pharmaceutical, paper and pulp, and other industries), size (less than 5,000 gallons, 5,001 to 50,000 gallons, above 50,000 gallons), pressure (high pressure tanks and low and no pressure tanks), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that industrial chemical storage tanks will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growing ...
... establishment of new chemical plants and rising concern towards recycling of industrial chemical.
Download sample by clicking on chemical storage tank market.
Within the global chemical storage tank market, FRP tank is expected to witness the highest growth during the forecast period due to its various properties, such as corrosion resistance, light weight, easier installation, longer life span, lower maintenance, and more durability.
APAC will remain the largest region and it is expected to witness the highest growth over the forecast period due to rising urbanization, industrialization, and higher economic growth.
CIMC, CST Industries, Worthington, Snyder Industries, ZCL Composites Inc are the major supplier in the chemical storage tank market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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