Trends and Forecast for the Global Chemical Storage Tank MarketTrends, opportunities and forecast in chemical storage tank market to 2025 by application (industrial chemicals, fuel, and others), material (FRP (fiberglass reinforced plastic) tanks, metal tanks, plastic tanks and others), insulation type (above ground tanks and under ground tanks), end use industry (petrochemical, food and beverage, pharmaceutical, paper and pulp, and other industries), size (less than 5,000 gallons, 5,001 to 50,000 gallons, above 50,000 gallons) and pressureLucintel's latest market report analyzed that chemical storage tank provides attractive opportunities in petrochemical, food and beverage, pharmaceutical, and pulp and paper industries for various tank applications. The chemical storage tank market is expected to reach $5.3 billion by 2025 with a CAGR of 3.5%. In this market, industrial chemical storage tank is the largest segment by application, whereas metal is largest by material type. 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 provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/chemical-storage-tank-market.aspx Based on applications, the industrial chemical storage tank market is segmented into industrial chemicals, fuel, and others. The industrial chemical storage tank segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to growing establishment of new chemical plants and rising concern towards recycling of industrial chemical.
Browse in-depth TOC on “Chemical storage tank Market”
85 – Tables
148 – Figures
211 – Pages
The chemical storage tank market is marked by the presence of several big and small players. Some of the prominent players offering chemical storage tank include CIMC, ZCL Composites, CST Industries, Worthington, Snyder Industrial, Synalloy, Containment Solutions, Highland Tank, Enduro Composites, Sintex Industries and others.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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