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Storage Tank Market 2023 - Industry Insights, New Trends, Growth, And Forecast To 2032
Storage Tank Market
The Business Research Company's Storage Tank Global Market Report 2023 identifies increasing water scarcity in several regions is the key factor driving the storage tank market going forward. Water scarcity limits access to safe water for drinking and for practicing basic hygiene at home, in schools, and in healthcare facilities. Storage tanks are used to store water and make it accessible for multiple uses, including drinking, irrigation, fire suppression, and others.
The global storage tank market size will grow from $14.22 billion in 2022 to $15.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The market size of the global storage tank is expected to grow to $19.55 billion in 2027 at a CAGR of 6.6%.
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Major players in the storage tank market are 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.
Product innovations are a key trend gaining popularity within the storage tank market. Companies operating in the storage tank market are developing new products to strengthen their position in the market.
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The storage tank market is segmented -
• 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.
The Business Research Company's "Global Storage Tank 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 Storage Tank Market Include:
1. Storage Tank Market Executive Summary
2. Storage Tank Market Segments
3. Storage Tank Market Size And Storage Tank Market Growth Rate
4. Key Storage Tank Market Trends
5. Major Storage Tank Market Drivers
……
25. Key Mergers And Acquisitions In The Storage Tank Market
26. Top Storage Tank Companies
27. Storage Tank Market Opportunities And Strategies
28. Storage Tank Market, Conclusions And Recommendations
29. Appendix
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