According to a new market report published by Lucintel,
the future of the global plastic water storage tank market looks promising with
opportunities in the sectors of residential, commercial, industrial, and
municipal. The global plastic water storage tank market is expected
to reach an estimated $1.3 billion by 2024 with a CAGR of 3.4% from 2019 to 2024.
The major drivers for this market are growing construction activities and
increasing concerns about water conservation.
In this market, polyethylene and PVC are used for
manufacturing of plastic water storage tanks. On the basis of comprehensive
research, Lucintel forecasts that polyethylene will remain the largest segment and
it is also expected to witness the highest growth because it is exceptionally
durable, light weight, and cost
effective.
Within the global plastic water storage tank
market, residential will remain the largest end use industry due to increasing
housing starts and growing population.
Plastic tanks are used for potable water, water
conservation, wastewater, industrial wastewater, fire protection, and plumbing
and engineering applications. The largest application will continue to be
plastic tanks for potable water, which is also expected to witness the highest
growth over the forecast period due to increasing residential construction and
increasing spending on water infrastructure.
Asia Pacific will remain the largest region. It
is also expected to witness the highest growth over the forecast period due to
growing population and construction activities in this region.
An emerging trend, which has a direct impact
on the dynamics of the market, includes increasing demand for four layered
water storage tanks for
protection from bacteria and fungus. Sintex, Niplast, Plastic Proget European,
Enduramaxx, Cotteril Civil, American Tank, Protank, Nova Plastic Industry, GHP
Manufacturing, and Protank are among the major suppliers of plastic water
storage tank market.
Lucintel, the
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global plastic water storage tank market by application,
end use, process, polymer, size, type, and region, and has compiled a
comprehensive research report entitled
“Growth
Opportunities in the Global Plastic Water Storage Tank Market 2019-2024”. The Lucintel report serves as a catalyst
for growth strategy by providing comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global plastic
water storage tank market by
application, end use, process, polymer, size, type, and region, as
follows:
By Application [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Potable Water
· Water
Conservation
· Wastewater
· Industrial Waste
Water
· Fire Protection
· Plumbing and
Engineering Solution
By End Use [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Municipal
· Industrial
· Commercial
· Residential
By Polymer [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Polyethylene
· PVC and
Others
By Plastic [Value
($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Virgin
· Recycled
By Size [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Less than
1,000 liters
· 1,000 liters
to 5,000 liters
· More than 5,000
liters
By Type [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· Aboveground
· Underground
By Region [Value
($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
· North America
· Europe
· APAC
· ROW
This
229-page 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 helpdesk@lucintel.com.
Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high growth opportunities for the global flooring market by application (potable
water, water conservation, wastewater, industrial wastewater, fire protection,
plumbing and engineering solution), end use (residential, industrial, commercial,
and municipal), polymer (polyethylene, and PVC, and others) process (fresh and
recycled), size (less than 1,000 liters, 1,000 to 5,000 liters, and more than 5,000
liters) type (aboveground and underground) and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2. Which product segment will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
