Global Storage Tanks Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 21 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Storage Tanks market industry is poised to raise USD XXX billion by 2025. A storage tank is a large vessel for storing liquids, like oil, gas, and many petrochemical products. These tanks tend to be vertical cylindrical, i.e. have rounded corners, from vertical side wall to bottom, making it easier to withstand the hydraulic induced pressure of the contained liquid.
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Global Storage Tanks Market Size Study By Type (Stainless Steel, and Concrete), By Application (Petrochemical Industry, Paper & Pulp Industry, Food Industry, and Bio Fuel Production Plant), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include CST, CB&I, PermianLide, Highland Tank, Fox Tank, Motherwell Bridge, Toyo Kanetsu K.K., ISHII IRON WORKS, Pfaudler, MEKRO, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Stainless Steel
- Petrochemical Industry
- Paper & Pulp Industry
- Food & Beverage Industry
- Bio Fuel Production Plant
- North America
- Asia Pacific
- Latin America
- Rest of the World