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The future of the metal tank market looks promising with opportunities in oil and gas, industrial, and municipal applications. The global metal tank market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $12.5 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are growing construction activities, increasing refineries, and growing industrialization.
Emerging trends, which have a direct impact on the dynamics of the metal tank industry, include increasing use of sidewall insulation in metal tanks to maintain temperature and growing adoption of dual seam systems to emphasize strength and corrosion resistance.
A total of 145 figures / charts and 109 tables are provided in this 234 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this metal tank market report download the report brochure.
In this market, fuel tank is the largest market by application, whereas pressure tanks is the largest pressure type. Growth in various segments of the metal tank market are given below:
Metal Tank Market by Segments