Lucintel Blog: Lucintel Forecasts Metal Tank Market to Reach $12.5 Billion by 2025

Thursday, June 10, 2021

Lucintel Forecasts Metal Tank Market to Reach $12.5 Billion by 2025

According to the recent study the metal tank market is projected to reach an estimated $12.5 billion by 2025 from $10.7 billion in 2019, at a CAGR of 2.7% from 2020 to 2025. Growth in this market is primarily driven by growing construction activities, increasing refineries, and growing industrialization.

Browse 145 figures / charts and 109 tables in this 234 -page report to understand trends, opportunities and forecast in metal tank market by end use industries (industrial, oil and gas, and municipal and others), installation type (aboveground and underground), application (fuel, water and wastewater, fire protection, industrial, food and beverage, paper and pulp and others, Size (Below 5,000 gallons, 5,000 to 25,000 gallons, and over 25,000 gallons), pressure type (pressure and non- pressure), build type (custom fabricated at the factory and custom fabricated and field erected), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/downloadreportsample.aspx?RepId=RPT2159 and view detailed Table of Content here – https://www.lucintel.com/metal-tank-market.aspx

“Aboveground market is expected to remain the largest segment during the forecast period.”

Based on installment type, the metal tank market is segmented into aboveground and underground. Lucintel forecasts that the aboveground is expected to witness the largest segment over the forecast period and witness highest growth over the forecast period due to easier access for repairs and maintenance.

“Within the metal tank market, the oil and gas segment is expected to remain the largest end use industry.”

Based on end use industry, the oil and gas segment is expected to witness the largest end use industry over the forecast period and witness the highest growth over the forecast period due to new establishment of refineries and increasing exploration and distribution activities.

“Asia Pacific will dominate the metal tank market in near future.”

Asia Pacific is expected to be the largest region over the forecast period and witness the highest growth over the forecast period due to increasing oil and gas demand and retail fuel stations in developing nations such as China and India.

Download Brochure of this report by clicking on https://www.lucintel.com/metal-tank-market.aspx

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. Worthington, Trinity Industries, McDermott, CIMC, Toyo Kanetsu, CST Industries, Palmer of Texas and others 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 click on this link https://www.lucintel.com/metal-tank-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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