Press release
ISO Tank Container Market Size, Share, Growth Analysis, Recent Trends, Demand, Key Players, Business Opportunities And Forecast 2024-2033
ISO Tank Container Market Report
The Business Research Company offers in-depth market insights through ISO Tank Container Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The iso tank container market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to the expansion of seaborne trade, an increase in mergers and acquisitions and an increase in investments.
The iso tank container market size is expected to see strong growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to growing petrochemical industry, a surge in oil and gas exports, growing adoption of shipping containers and increasing import and export activities. Major trends in the forecast period include partnering with companies offering iot software, developing smart solutions using advanced smart technologies, implementing ai powered trackers in iso tank container, launching online tracking solutions, adopting advanced solutions such as optical character recognition and launching innovative products.
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Market Segmentation:
The iso tank container market covered in this report is segmented -
1) By Container Type: =30 ft, >30 ft
2) By Transport Mode: Road, Rail, Marine
3) By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Other Applications
Major Driver - Petrochemical Industry Surge Propels Growth In The Iso Tank Container Market
The growing petrochemical industry is expected to propel the growth of the ISO tank container market 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. For instance, according to the International Energy Agency, petrochemicals are expected to account for about 50% of the growth in global oil demand between 2030 and 2050, contributing nearly 7 million barrels of oil. The ISO tank containers leave almost less than 50% of the carbon footprint and hence they are majorly used to ship chemicals by petrochemical industries. Additionally, according to the International Energy Agency, a France-based autonomous intergovernmental organization, petrochemicals are expected to account for more than a third of the increase in oil consumption through 2030 and almost half through 2050, outpacing trucks, aircraft, and shipping. This is due to the surge in demand for petrochemical products. Therefore, the growth of the petrochemical industry drives the growth of the ISO tank containers market.
Competitive Landscape:
Major companies operating in the iso tank container market report are CIMC Container Holdings Co., Ltd., Singamas Container Holdings Limited, Welfit Oddy Industries Pty Ltd, Chart Industries Inc, Sure Tank, NT Tank, Bewellcn Shanghai Co., Ltd., Cryeng Group, M1 Engineering, Corban Energy Group, Cosco Shipping, Peacock, Leschaco, VTG Tanktainer GmbH, Suttons Group, Royal Dutch Shell, Aker Solutions, Linde, Equinor, Total Energies, Transalex, Load & Go Logistics, Baltica-Trans Co Ltd, M&S Logistics, GATX, ExxonMobil Russia, Stolt-Nielsen Limited, HOYER GmbH, Bulkhaul Ltd, Danteco Industries, Meeberg, Tankformator, THIELMANN, Tankcon, Bertschi AG, Maersk, MSC, TIL Group, Intermodal Tank Transport, NewPort Tank, Aramex, DP World, Icon Middle East
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Top Trend - IOT Integration Reshapes The Iso Tank Container Market For Remote Monitoring
The usage of the Internet of Things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things (IoT) is a system of internet-connected objects that can collect and transfer data over a wireless network without human intervention. 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.
The Table Of Content For The Market Report 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
…..
27. ISO Tank Container Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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