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Chemical Storage Tank Market Trends and Forecast

The future of the global chemical storage tank market looks promising with opportunities in the petrochemical, food and beverage, pharmaceutical, and pulp and paper industries for various tank applications. The global chemical storage tank market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 1.9% from 2024-2030. The major drivers for this market are increasing refineries, growing industrialization, and replacement of aging chemical storage tanks.