Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Plastic Tank Market is set to witness immense growth during the forecast period 2022-2030. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/players/vendors analysis, segments & sub-segments, and forecast. The report also focuses on market drivers, challenges (current and future), revenue growth, future roadmap, standardization, deployment models, and forecast analysis.
Overview:
Plastic tanks are useful containers for storing water, chemicals, and other materials. They are also recyclable, making them an excellent choice for the environment. In fact, most plastic tanks have a lifespan that is similar to that of other types of tanks. In addition, they require little maintenance. The most common plastic used for tanks is polyethylene, which is a highly durable and reliable material. However, some chemicals don't store well in polyethylene, so industrial-grade tanks are available that are made of alternative materials such as polypropylene or Kynar.
Market Drivers:
Rise in urbanization, as well as investments in real estate along with growing consumption of water for domestic, commercial and industrial use, is expected to propel growth of the global plastic tank market during the forecast period. For instance, as per the UNCTAD data, the global urban population increased from 51.6% in 2010 to 56.2% in 2020. The urban population is high in developed regions which is 79.2% than in developing ones, where it is 51.6%.
Moreover, growing populations across the globe and a rise in construction activities is also expected to augment the growth of the global plastic tank market over the forecast period.
Market Restraints:
Large size of storage tanks leading to increased transportation costs and extreme weather conditions in regions such as Asia Pacific is likely to hinder the growth of the global plastic tank market during the forecast period.
Regional Analysis:
Asia Pacific is anticipated to witness significant growth in the global plastic tank market over the forecast period. This is due to the growing population, large production activities of oil & gas requiring freshwater, and high demand for plastic tanks in the region.
Furthermore, North America and Europe is also projected to witness substantial growth in the global plastic tank market during the forecast period.
Key Players:
Major players functioning in the global plastic tank market include Protank, Sintex Industries, National Tank Outlet, Promax Plastics, Elkhart Plastics, Rototank, Nova Plastic Industries, National Poly Industries, Al Bassam International Factories, Niplast Storage Tanks, Enduramaxx, American Tank, Plastic Proget European (PPE), GHP Manufacturing, Carbery Plastics Limited, Karplas Composite Plastic Fiberglass, Cotterill Civils and Emiliana Serbatoi.
In January 2021, TI Fluid Systems, global supplier of automotive fluid systems technology launched a new plastic fuel tank design that meets the strict pressure demand in a hybrid electric vehicle.
Plastic Tank Market Dynamics:
This market study estimates the market size in terms of both value (million USD) and volume (K Units). The Plastic Tank Market report analyses market trends based on historical data and the latest developments. It provides both qualitative and quantitative data on the elements that will shape the market's growth from 2022 to 2030. The market capacity and consumption potential of major companies are discussed in this research report. Furthermore, it concentrates on prominent regions (Latin America, Europe, Asia Pacific, Africa, and the Middle East). Also, the report evaluates COVID-19's impact on the Plastic Tank Market.
Companies profiled in the Plastic Tank Market report include:
- Sintex Industries
- Promax Plastics
- Rototank
- National Poly Industries
- Niplast Storage Tanks
- American Tank
- GHP Manufacturing
- Karplas Composite Plastic Fiberglass
- Emiliana Serbatoi
- Cotterill Civils
- Carbery Plastics Limited
- Plastic Proget European (PPE)
- Enduramaxx
- Al Bassam International Factories
- Nova Plastic Industries
- Elkhart Plastics
- National Tank Outlet
- Protank
The report covers extensive competitive intelligence which includes the following data points:
⇨ Business Overview
⇨ Business Model
⇨ Financial Data
⇨ Financial – Existing
⇨ Financial – Funding
⇨ Product/Service Segment Analysis and specification
⇨ Recent Development and Company Strategy Analysis
⇨ SWOT Analysis
Segmentation by Type:
The type segment contributed the largest share to the Plastic Tank Market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2030.
- Water Tanks
- Plastic Fuel Tanks
- Chemical Tanks
- Plastic Oil Tanks
Segmentation by Application:
An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and ROW.
- Food Industry
- Chemical Industry
- Commercial
- Residential
- Others
Key Benefits for Stakeholders:
- The study represents a quantitative analysis of the present Plastic Tank Market trends, estimations, and dynamics of the market size from 2022 to 2030 to determine the most promising opportunities.
- Porter's five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.
- In-depth analysis, as well as market size and segmentation, help you identify current Plastic Tank Market opportunities.
- The largest countries in each region are mapped according to their revenue contribution to the market.
- The Plastic Tank Market research report gives a thorough analysis of the current status of the Plastic Tank Market's major players.
Reasons to Purchase Plastic Tank Market Report:
- Both current and future prospects for the Plastic Tank Market in developed and emerging markets.
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
- During the forecast period, major regions are expected to see the most rapid increase.
- Identify the most recent advancements, Plastic Tank Market shares, and top market players' strategies.
Research Methodology:
To estimate and validate the size of the Plastic Tank Market and many other dependent submarkets in the overall market, both top-down and bottom-up methodologies are utilized. Key players in the market have been identified through secondary research and their market shares have been determined through primary and secondary research. Secondary sources and verified primary sources were used to determine all percentage share splits and breakdowns.
