Press release
Mobile Liquid Tanks Market to Witness a Healthy Growth during 2018 to 2028
Mobile liquid tanks act as an ideal solution for industrial and commercial storage and transportation of liquids between any two facilities. Mobile liquid tanks are widely used for carrying chemicals as well as oil and gas products. Mobile Liquid Tanks are advantageous for locations where land terrain, remote access, and economics offer great challenge for building new infrastructure for the storage and transportation of industrial liquids. Mobile liquid tanks are more efficient for temporary offsite locations where activities only last for a short period of time. In the oil and gas sector, mobile liquid tanks play a huge role in the transportation of petroleum products between refineries, oil well sites, storage terminals and retail outlets and also, for the transportation of chemicals to fracking well-site locations.
Mobile Liquid Tanks Market: Dynamics
With the ever-growing demand for energy all around the world, there is a high necessity for the transportation and distribution of chemicals, oils and oil products. The increased demand from the extraction, refining and processing of oil provides a significant market growth opportunity for mobile liquid tanks. Fracking, oil extraction and the distribution of products generates significant demand for mobile liquid tanks, which provide ease of access and flexibility in the transportation and storage of liquids.
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Mobile liquid tanks are widely used in the transportation and storage of liquid oxygen and liquid nitrogen as well as for filling breathable oxygen converters for pilots in the aviation industry. Mobile liquid tanks are also used for chemical and fuel transportation services across various industries such as agriculture, industrial automation and chemicals. Given its wide applications, the mobile liquid tanks market is expected to grow to greater heights over the forecast period.
Mobile liquid tanks made of High-Density Polyethylene (HDPE) are experiencing high demand owing to their light weight, non-corrosive and chemical resistance nature as well as high durability. HDPE mobile liquid tanks are also cost effective with low maintenance costs as opposed to carbon or stainless steel mobile liquid tanks.
Mobile Liquid Tanks: Market Segmentation
On the basis of industry, the global mobile liquid tanks market has been segmented as:
Chemical
Oil & Gas
Aviation
Others
On the basis of material, the global mobile liquid tanks market has been segmented as:
Carbon Steel
High-Density Polyethylene (HDPE)
Stainless Steel
On the basis of application, the global mobile liquid tanks market has been segmented as:
Storage tanks
Mixing tanks
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Mobile Liquid Tanks Market: Regional Overview
With the booming fracking industry in the U.S., the need for mobile liquid tanks has significantly increased for the on-site storage and transportation of fracking chemicals. The aviation industry is at its peak in the U.S. and thus, not much growth is expected for the mobile liquid tanks market in North America. In Asia Pacific, growing economies such as China and India have increased exploration and production activities in conventional and Coal Bed Methane (CBM) assets to meet the ever-growing demand. With India currently constructing the world’s largest refinery and exploring new oil and gas assets, the demand for mobile liquid tanks is expected to increase at a significant rate in the region. Africa has great growth potential in aviation, industrial, oil and gas segments and is currently witnessing increased investments from China and other developing nations. The region is expected to register steady growth in the mobile liquid tanks market by the end of the forecast period. Overall, global mobile liquid tanks is expected to grow at a significant rate during the forecast period.
Global Mobile Liquid Tanks Market: Market Participants
Examples of some of the market participants in the global mobile liquid tanks market identified across the value chain include:
C&E Plastics Inc.
Air Liquide
Rain for Rent International UK
GEI Works
GLI, Gaz Liquid Industrie
Cryolor
Elkoplast CZ, s.r.o.
Goavec Engineering
Manitex Sabre Inc.
Free Form Plastics
Enduraplas
CST Industries
Brief Approach to Research
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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