Lucintel Forecasts Metal Tank Market To Reach $14 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the metal tank market is projected to reach an estimated $14 billion by 2030 at a CAGR of 2.8% from 2024 to 2030. Growth in this market is primarily driven by growing construction activities, increasing refineries, and growing industrialization.
Browse 73 figures/charts and 52 tables in this 225–page report is developed to understand trends, opportunities and forecast in metal tank market by application (fuel, water & wastewater, fire protection, industrial, food & beverage, paper & pulp, and others), build (custom fabricated at the factory and custom fabricated and field erected), size (below 5,000 gallons, 5,000 to 25,000 gallons, and over 25,000 gallons), pressure (pressure and non- pressure), installation (above-ground and under-ground), and end use (oil & gas, industrial, and municipal & others).
Lucintel forecasts that aboveground metal tanks will remain the largest segment and witness the highest growth over the forecast period due to easier access for repairs and maintenance.
Within the metal tank market, oil and gas will remain the largest end use ...
... industry, and it is projected to witness the highest growth over the forecast period due to new establishment of refineries and increasing exploration and distribution activities.
Download sample by clicking on metal tank market
APAC will remain the largest region during the forecast period mainly due growth in pharmaceutical, power generation market has been growing rapidly in Asia owing economic expansion in India and China creating excellent potential for growth.
Major players of metal tank market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. CIMC, Worthington Industries, Matrix, Trinity, and Mcdermott are among the major metal tank providers.
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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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