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Global Chemical Storage Tank Market Report : Trends, Forecast and Competitive Analysis 1.

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Presentation on theme: "Global Chemical Storage Tank Market Report : Trends, Forecast and Competitive Analysis 1."— Presentation transcript:

1 Global Chemical Storage Tank Market Report 2018-2023: Trends, Forecast and Competitive Analysis 1

2 Industry Profiles Snapshot Major ParameterDescription Market Segments by Application Industrial chemicals, fuel, and others Market Segments by Material FRP (fiberglass reinforced plastic) tanks, metal tanks, plastic tanks and others Market Segments by Insulation Type Above ground tanks and under ground tanks Market Segments by End Use Industry Petrochemical, food and beverage, pharmaceutical, paper and pulp, and other industries Market Segments by Size Less than 5,000 gallons, 5,001 to 50,000 gallons, above 50,000 gallons Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name CIMC, ZCL Composites, CST Industries, Worthington, Snyder Industrial, Synalloy, Containment Solutions, Highland Tank, Enduro Composites, Sintex Industries and others. Trend Growth Rate and CAGR4.1% Key Industry Forecast The global chemical storage tank market is expected to reach an estimated $5 billion by 2023 with a CAGR of 4.1% from 2018 to 2023 Key Industry Driver Driver: Increasing refineries, growing industrialization, and replacement of aging chemical storage tanks 2

3 Industry Overview Market Size The global chemical storage tank market is expected to reach an estimated $5 billion by 2023 with a CAGR of 4.1% from 2018 to 2023. Emerging trends which have a direct impact on the dynamics of the chemical storage tank industry include increasing use of double wall chemical storage tanks for protection against hazardous chemical spills and adoption of hydrostatic monitoring system for continuous leak-detection in underground fuel tanks. Market Size (2023)$5 billion CAGR (2018-23)4.1% 3 Industry Performance : Forecast


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