According to a new country report published by Lucintel, the future of the chemical storage tank market in the United States looks promising with opportunities in the petrochemical, food and beverage, pharmaceutical, and pulp and paper industries for various tank applications. The chemical storage tank market in the United States is primarily driven by increasing refineries, growing industrialization, and replacement of aging chemical storage tanks.
This report studies factors affecting the chemical storage tank market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that the industrial chemical storage tank will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growing establishment of new chemical plants and rising concern towards recycling of industrial chemical. Within the chemical storage tank market in the United States, FRP tank is expected to witness the highest growth during the forecast period due to its various properties, such as corrosion resistance, light weight, easier installation, longer life span, lower maintenance, and more durability.
Emerging trends which have a direct impact on the dynamics of the chemical storage tank industry include increasing use of double wall chemical storage tanks for protection against hazardous chemical spills and adoption of hydrostatic monitoring system for continuous leak-detection in underground fuel tanks.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the chemical storage tank market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Chemical Storage Tank Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the chemical storage tank market in the United States by application, material, installation type, end use industry, size, and pressure as follows:
Chemical Storage Tank Market by Application Type [Value ($ Million) from 2014 to 2025]:
• Industrial Chemicals
• Fuel
• Others
Chemical Storage Tank Market by Material Type [Value ($ Million) from 2014 to 2025]:
• Plastic Tanks
• Metal Tanks
• FRP Tanks
• Others
Chemical Storage Tank Market by Installation Type [Value ($ Million) from 2014 to 2025]:
• Above Ground Tanks
• Under Ground Tanks
Chemical Storage Tank Market by End Use Industry [Value ($ Million) from 2014 to 2025]:
• Petrochemical
• Paper and Pulp
• Food and Beverage
• Pharmaceutical
• Other Industries
Chemical Storage Tank Market by Size [Value ($ Million) from 2014 to 2025]:
• Less then 5,000 Gallons
• 5,001 to 50,000 Gallons
• Above 50,000 Gallons
Chemical Storage Tank Market by Pressure Rating [Value ($ Million) from 2014 to 2025]:
• High Pressure Tanks
• Low and No Pressure Tanks
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/chemical-storage-tank.aspx or write to us at helpdesk@lucintel.com
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. For further information, visit www.lucintel.com |