Press release
Storage Tank Market Is Likely To Witness Growth Exponentially By 2032
Storage Tank Market
Storage Tank Market Size, Growth Rate, And Forecast
The global storage tank market size grew from $14.22 billion in 2022 to $15.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The storage tank market size is expected to grow to $19.55 billion in 2027 at a CAGR of 6.6%.
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Storage Tank Market Drivers
Increasing water scarcity in several regions is the key factor driving the storage tank market. Storage tanks are used to store water and make it accessible for multiple uses, including drinking, irrigation, fire suppression, and others.
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Storage Tank Market Segments
• By Type: Aboveground Storage Tanks, Underground Storage Tanks
• By Material: Steel, Concrete, Polyethylene, Other Materials
• By Application: Petroleum Industry, Chemical Industry, Grain and Oil Industry, Food Industry, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the storage tank market.
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Storage Tank Market Key Players
Major competitors in the storage tank market include McDermott (US), CST Industries (US), PermianLide (US), Fox Tank Company (US), Highland Tank & Manufacturing Company Inc., (US), Superior Tank Co. Inc., (US), Ishii Iron Works Co. Ltd. (Japan), MEKRO Sp. z o.o. (Poland), Pfaudler (US), Toyo Kanetsu K.K., Snyder Industries Inc., Caldwell Tanks, Crom Corporation, Tank Connection, DN Tanks, Synalloy Corporation, Fiber Technology Corporation Inc., ZCL Composites Inc., Sintex Industries Limited, and Superior Tank Co. Inc.,
The Business Research Company's "Global Storage Tank Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Storage Tank Market Include:
1. Executive Summary
2. Storage Tank Market Characteristics
3. Storage Tank Market Trends And Strategies
4. Storage Tank Market - Macro Economic Scenario
5. Storage Tank Market Size And Growth
……
26. Africa Storage Tank Market
27. Storage Tank Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Storage Tank Market
29. Storage Tank Market Future Outlook And Potential Analysis
30. Appendix
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