Dublin, April 24, 2019 (GLOBE NEWSWIRE) -- The "Chemical Storage Tank Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering
The global chemical storage tank market is expected to reach an estimated $5 billion by 2023 with a CAGR of 4.1% from 2018 to 2023.
The future of the global chemical storage tank market looks promising with opportunities in the petrochemical, food and beverage, pharmaceutical, and pulp and paper industries for various tank applications.The major drivers for this market are increasing refineries, growing industrialization, and replacement of aging chemical storage tanks.
Emerging trends which have a direct impact on the dynamics of the chemical storage tank industry include increasing use of double wall chemical storage tanks for protection against hazardous chemical spills and adoption of hydrostatic monitoring system for continuous leak-detection in underground fuel tanks.
The report forecasts that the industrial chemical storage tank will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growing establishment of new chemical plants and rising concern towards recycling of industrial chemical.
Within the global chemical storage tank market, FRP tank is expected to witness the highest growth during the forecast period due to its various properties, such as corrosion resistance, light weight, easier installation, longer life span, lower maintenance, and more durability.
APAC will remain the largest region and it is expected to witness the highest growth over the forecast period due to rising urbanization, industrialization, and higher economic growth.
Some of the chemical storage tank companies profiled in this report include CIMC, ZCL Composites, CST Industries, Worthington, Snyder Industrial, Synalloy, Containment Solutions, Highland Tank, Enduro Composites, Sintex Industries and others.
Some of the features of Chemical Storage Tank Market Report: Trends, Forecast, and Competitive Analysis include:
- Market size estimates: Global chemical storage tank market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by end use and use industry.
- Segmentation analysis: Global chemical storage tank market size by application, material, installation type, end use industry, size, and pressure in terms of value and volume shipment.
- Regional analysis: Global chemical storage tank market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions in the global chemical storage tank market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape in the global chemical storage tank market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Chemical Storage Tank Market Trends and Forecast
3.3: Global Chemical Storage Tank Market by Application
3.3.1: Industrial Chemicals
3.3.1.1: Industrial Chemical by Type
3.3.2: Fuel
3.3.3: Others
3.4: Global Chemical Storage Tank Market by Material
3.4.1: Metal Tanks
3.4.2: FRP Tanks
3.4.3: Plastic Tanks
3.4.4: Others
3.5: Global Chemical Storage Tank Market by Installation Type
3.5.1: Above Ground Tanks
3.5.2: Under Ground Tanks
3.6: Global Chemical Storage Tank Market by End Use Industry
3.6.1: Petrochemical
3.6.2: Food and Beverage
3.6.3: Pharmaceutical
3.6.4: Paper and Pulp
3.6.5: Other Industries
3.7: Global Chemical Storage Tank Market by Size
3.7.1: Less then 5,000 Gallons
3.7.2: 5,001 to 50,000 Gallons
3.7.3: Above 50,000 Gallons
3.8: Global Chemical Storage Tank Market by Pressure
3.8.1: High Pressure Tanks
3.8.2: Low and No Pressure Tanks
4. Market Trends and Forecast Analysis by Region
4.1: Global Chemical Storage Tank Market by Region
4.2: North American Chemical Storage Tank Market
4.2.1: Market by Application: Industrial Chemicals, Fuel, and Others
4.2.2: Market by Material: Metal Tanks, Plastic Tanks, FRP Tanks, and Others
4.2.3: Market by Installation Type: Above Ground and Under Ground
4.2.4: Market by End Use Industry: Petrochemical, Food and Beverage, Pharmaceutical, Paper and Pulp, and Other Industries
4.3: European Chemical Storage Tank Market
4.4: APAC Chemical Storage Tank Market
4.5: ROW Chemical Storage Tank Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin
7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Chemical Storage Tank Market by Application
7.1.2: Growth Opportunities for the Global Chemical Storage Tank Market by Material
7.1.3: Growth Opportunities for the Global Chemical Storage Tank Market by Installation Type
7.1.4: Growth Opportunities for the Global Chemical Storage Tank Market by End Use Industry
7.1.5: Growth Opportunities for the Global Chemical Storage Tank Market by Size
7.1.6: Growth Opportunities for the Global Chemical Storage Tank Market by Pressure
7.1.7: Growth Opportunities for the Global Chemical Storage Tank Market by Region
7.2: Emerging Trends in the Global Chemical Storage Tank Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion of the Global Chemical Storage Tank Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Chemical Storage Tank Market
7.3.4: Technology Development
8. Company Profiles of Leading Players
8.1: CIMC
8.2: ZCL Composites Inc.
8.3: CST Industries
8.4: Worthington Industries
8.5: Synalloy Corporation
8.6: Sintex Industries Limited
8.7: Containment Solutions Inc.
8.8: Highland Tank & MFG. Co. Inc.
8.9: Enduro Composites, Inc.
8.10: Snyder Industries Inc.
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