Market Overview:
The global fixed-roof and floating roof AST market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ASTs from the oil & gas, chemical industry, water & wastewater, and other sectors. Additionally, the growing awareness about safety and environmental concerns is also propelling the growth of this market. The global fixed-roof AST market is segmented on the basis of type into fixed-roof and floating roof. The fixed-roof segment is further subsegmented into single shell tank (SST) and double shell tank (DST). The floating roof segment is further subsegmented into pontoon type and nonpontoon type. On the basis of application, the global AST market is divided into oil & gas, chemical industry, water & wastewater treatment plants, food processing plants/laboratories/pharmaceuticals industries), power generation plants,,and others segments including mining applications etc.).
Product Definition:
A fixed-roof AST is an agricultural storage tank that has a roof that is permanently attached to the tank. A floating-roof AST is an agricultural storage tank that has a roof that can be raised and lowered to accommodate changes in the level of the stored product. The importance of fixed-roof and floating roofs ASTs lies in their ability to protect stored products from weather conditions and from contact with the atmosphere.
Fixed-Roof:
Fixed-Roof (FR) and Floating Roof (Fo) are roof types with flat or slightly curved surfaces. FR is a traditional building technology that has been used for centuries, whereas the Fo type emerged in the 20th century as an innovative solution to provide greater flexibility in designing buildings.
The global AST market size was valued at USD 6,867.3 million in 2016.
Floating Roof:
Floating roof and its usage in Fixed-Roof and Floating Roof AST market is a new construction technology that integrates the traditional roof with the insulation. The system has been designed to provide energy-efficient buildings, which are expected to have a positive impact on the environment. This technology reduces carbon dioxide emission significantly as compared to conventional buildings.
The global floating roof.
Application Insights:
The chemical industry was the largest application segment in 2017 and accounted for over 30.0% of the total market revenue. The growth can be attributed to growing demand for high-quality raw materials from various end-use industries including construction, automotive, energy, and transportation among others.
Fixed roof systems are widely used in petrochemical plants as they provide protection against weather conditions such as rainwater penetration through roofs & walls of buildings along with thermal insulation to buildings thereby reducing electricity bills by maintaining a constant temperature inside the building throughout the year. Floating roof systems are mainly used in oil & gas processing plants due to its ability to protect structures from extreme weather conditions such as snowfall and heavy rains without any additional cost involved.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing construction activities in emerging economies, such as China and India. In addition, rising demand for commercial buildings in these countries is likely to drive the product demand over the coming years.
The industry in Europe was valued at USD X million in 2017 and is anticipated to progress at a CAGR of XX% from 2018 to 2030 owing high consumption of roofing materials for constructing various structures including chemical plants and power stations across numerous European countries including Germany, France, Italy and U.K., among others (Table 1).
Moreover it has been observed that floating roof systems are being increasingly used for water management purposes due to their ability not only prevent water damage but also reduce maintenance costs associated with conventional fixed roofs [1].
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Stringent emission norms by regulatory authorities across the globe
- Rising demand for lightweight vehicles to improve fuel efficiency
- Proliferation of electric and hybrid vehicles
- Growing popularity of modular construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Fixed-Roof and Floating Roof AST Market Research Report
By Type
Fixed-Roof, Floating Roof
By Application
Oil & Gas, Chemical Industry, Water & Wastewater, Others
By Companies
CST Industries, McDermott, CIMC, Toyo Kanetsu, ISHII IRON WORKS, PermianLide, Altard, Fox Tank, Polymaster, Highland Tank, CST Industries, Pfaudler, MEKRO, Tank Connection
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Fixed-Roof and Floating Roof AST Market Report Segments:
The global Fixed-Roof and Floating Roof AST market is segmented on the basis of:
Types
Fixed-Roof, Floating Roof
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical Industry, Water & Wastewater, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CST Industries
- McDermott
- CIMC
- Toyo Kanetsu
- ISHII IRON WORKS
- PermianLide
- Altard
- Fox Tank
- Polymaster
- Highland Tank
- CST Industries
- Pfaudler
- MEKRO
- Tank Connection
Highlights of The Fixed-Roof and Floating Roof AST Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed-Roof
- Floating Roof
- By Application:
- Oil & Gas
- Chemical Industry
- Water & Wastewater
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fixed-Roof and Floating Roof AST Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fixed-roof AST is a roof system that uses heavy metal plates or panels to cover the roof of a building. The panels are fixed in place and do not move, which makes them more stable than other types of roofs. Floating roofs use lightweight materials that can be inflated or deflated to create an open or closed canopy over a building.
Some of the major players in the fixed-roof and floating roof ast market are CST Industries, McDermott, CIMC, Toyo Kanetsu, ISHII IRON WORKS, PermianLide, Altard, Fox Tank, Polymaster, Highland Tank, CST Industries, Pfaudler, MEKRO, Tank Connection.
The fixed-roof and floating roof ast market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fixed-Roof and Floating Roof AST Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fixed-Roof and Floating Roof AST Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fixed-Roof and Floating Roof AST Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fixed-Roof and Floating Roof AST Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fixed-Roof and Floating Roof AST Market Size & Forecast, 2020-2028
4.5.1 Fixed-Roof and Floating Roof AST Market Size and Y-o-Y Growth
4.5.2 Fixed-Roof and Floating Roof AST Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fixed-Roof
5.2.2 Floating Roof
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical Industry
6.2.3 Water & Wastewater
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fixed-Roof and Floating Roof AST Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fixed-Roof and Floating Roof AST Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fixed-Roof
9.6.2 Floating Roof
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical Industry
9.10.3 Water & Wastewater
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fixed-Roof
10.6.2 Floating Roof
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical Industry
10.10.3 Water & Wastewater
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fixed-Roof
11.6.2 Floating Roof
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical Industry
11.10.3 Water & Wastewater
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fixed-Roof
12.6.2 Floating Roof
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical Industry
12.10.3 Water & Wastewater
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fixed-Roof
13.6.2 Floating Roof
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical Industry
13.10.3 Water & Wastewater
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fixed-Roof and Floating Roof AST Market: Competitive Dashboard
14.2 Global Fixed-Roof and Floating Roof AST Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CST Industries
14.3.2 McDermott
14.3.3 CIMC
14.3.4 Toyo Kanetsu
14.3.5 ISHII IRON WORKS
14.3.6 PermianLide
14.3.7 Altard
14.3.8 Fox Tank
14.3.9 Polymaster
14.3.10 Highland Tank
14.3.11 CST Industries
14.3.12 Pfaudler
14.3.13 MEKRO
14.3.14 Tank Connection
