Industrial Storage Tanks are containers that hold liquids, compressed gases or mediums used for the short- or long-term storage of heat or cold.
Industrial Storage tanks are extensively used to store liquid chemicals or fluids up to 25,000 units.
These tanks function as large pipes as they have no input or output. The cylindrical tanks form 90-degree angle with the ground. Strict regulations are maintained while building them.
The Storage tanks are generally used to store oil, gas, fuel and chemical liquids or raw material to facilitate the functioning of a refinery.
The chemical sector, cosmetic processing, plastic processing, steel sector, refineries, power and energy generation, graphic and paper industry, food and beverage industry are the main users of industrial storage tanks.
According to the new market research report “Industrial Storage Tank – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Industrial Storage Tank market size is projected to reach USD 6.56 billion by 2029, at a CAGR of 4.5% during the forecast period.
- Global Industrial Storage Tank MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Industrial Storage Tank – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Industrial Storage Tank Top15 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Industrial Storage Tank – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Industrial Storage Tank include Tank Holding, CST Industries, Caldwell Tanks, Xerxes Corporation, DN Tanks, McDermott, Containment Solutions, Synalloy(Palmer), BELCO, Highland Tank, etc. In 2022, the global top five players had a share approximately 24.0% in terms of revenue.
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