The global plastic water storage tank market is projected to reach $2 billion by 2030, at a CAGR of 4.4% during 2024-2030. The growth of plastic water storage tank market is driven by growing construction activities and increasing concerns about water conservation.
Some of the key questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the plastic water storage tank
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 segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the plastic water storage tank market?
Q.4 What are some
changing demands of customers in the plastic water storage tank market?
Q.5 What are the new
developments in the plastic water storage tank market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this plastic water storage tank area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this plastic water storage tank
market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include the increasing
demand for four layered water storage tanks for protection from bacteria and
fungus.
Market Segmentation:
Based on polymer, the
plastic water storage tank market is segmented into polyethylene, and PVC, and
others. The polyethylene segment accounted for the largest share of the market
in 2024 and is expected to register the highest CAGR during the forecast
period, due to because it is exceptionally durable, light weight, and cost
effective.
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.
Key Players in the
plastic water storage tank market are Sintex, Niplast, Plastic Proget European,
Enduramaxx, Cotteril Civils, American Tank, Protank, Nova Plastic Industries,
and GHP Manufacturing.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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