Press release
ISO Tank Container Market - Size, Recent Trends, Business Opportunities And Forecast To 2032
ISO Tank Container Market
The Business Research Company's ISO Tank Container Global Market Report 2023 identifies growing petrochemical industry as the major driver for the ISO Tank Container market's growth in the forecast period. The ISO tank containers are used for transporting hazardous petrochemicals as they are made up of stainless steel and are surrounded by various types of protective layers that provide resistance to the corrosive effects of the petrochemicals.
The global ISO tank container market size grew from $1.14 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ISO tank container market size is expected to grow to $1.88 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the ISO Tank Container market are China International Marine Containers Co. Ltd., Nantong Tank Container CO. Ltd., CXIC Group Containers Company Limited.
A key trend in the ISO Tank Container market includes usage of the internet of things (IoT) for remote monitoring of ISO tank containers. Many companies operating in the ISO tank container sector are increasingly partnering with companies offering IoT software. For instance, in July 2021, Arkema, a France-based chemicals company collaborated with Nexxiot a Swiss company offering digital logistics solutions. This collaboration seeks to digitize Arkema's ISO tank (tank container) and rail freight wagon fleets, utilizing Nexxiot's IoT devices and intelligent cloud platform to help Arkema clients achieve end-to-end visibility, increase quality standards, and improve the overall service experience.
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The ISO Tank Container market is segmented -
• By Container Type: Dry Container, Thermal and Refrigerated Container, Tank Container, Open Top Container, Insulated Container, Flat Rack Container, Other Container Types
• By Transport Mode: Road, Rail, Marine
• By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the ISO Tank Container market.
The Business Research Company's "Global ISO Tank Container Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The ISO Tank Container Market Include:
1. Executive Summary
2. ISO Tank Container Market Characteristics
3. ISO Tank Container Market Trends And Strategies
4. ISO Tank Container Market - Macro Economic Scenario
5. ISO Tank Container Market Size And Growth
…………………………………..
26. Africa ISO Tank Container Market
27. ISO Tank Container Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The ISO Tank Container Market
29. ISO Tank Container Market Future Outlook and Potential Analysis
30. Appendix
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