Market Overview:
The global flexible storage tank 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 flexible tanks and bladders in various applications such as water, chemicals, fuel, and other applications. In addition, the growing demand for lightweight and portable tanks is also contributing to the growth of this market. North America dominates the global flexible storage tank market followed by Europe and Asia Pacific.
Product Definition:
A flexible storage tank is a container that can be easily and quickly filled with or emptied of a fluid. The importance of flexible storage tanks is that they can be used to store fluids in locations where it would be difficult or impossible to use traditional rigid storage tanks. For example, flexible tanks can be stored on rooftops or inside buildings.
Flexible Tanks:
Flexible tanks are storage vessels that can be easily transported and assembled/disassembled. Flexible tanks are used for transportation of liquids or gases in bulk quantities. They have a high demand in various industries such as oil & gas, chemicals, pharmaceuticals, food & beverages and mining among others due to their cost effectiveness and ease of usage features.
Flexible Bladders:
Flexible bladders are used in flexible storage tanks to allow the bladder to expand and contract as per requirement. These bladders are made of rubber, plastic or other materials that can be filled with liquid and can be attached to a rigid part of the tank using clamps or valves. The material type is chosen depending on requirements such as temperature resistance, durability, rate of expansion & contraction and others.
Application Insights:
The other application segment includes food & beverages, water, chemicals and fuel. The demand for SSTs in the chemical industry is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to their ability to store various chemicals with different characteristics such as temperature and pressure. They are widely used in the oil & gas industry for storing crude oil or natural gas liquids which are required to be stored until they can be refined into petroleum products or sold as energy products respectively.
Flexible storage tanks provide ease of installation, maintenance and facilitate easy expansion capacity additions due largely to their modular design concept that facilitates flexibility in its operation along with providing safety against over-filling leading thereby enhancing its acceptance across end-use industries globally over the forecast period.
Regional Analysis:
Asia Pacific was the largest market for flexible storage tanks, accounting for more than 35% of global revenue in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand from end-use industries such as water and wastewater treatment, oil & gas, petrochemicals and mining. In addition, rising infrastructural development activities in emerging economies are anticipated to fuel product demand over the next eight years.
The Middle East & Africa is projected to be one of fastest growing regions with a CAGR exceeding 5% during the forecast period owing to rapid growth in various sectors including water treatment (desalination), wastewater management and mining industry across countries such as Saudi Arabia and UAE.
Growth Factors:
- Increasing demand for flexible storage tanks from the oil and gas industry as a result of the growth in exploration and production activities
- Rising demand for flexible storage tanks from the chemical industry due to growth in end-user industries such as pharmaceuticals, agrochemicals, and food & beverages
- Growth in infrastructure development projects across emerging economies is expected to boost demand for flexible storage tanks over the forecast period
- Technological advancements that have led to innovations such as smart tank systems are projected to fuel market growth over the next few years
- Growing awareness about environment-friendly storage solutions is anticipated to create new opportunities for market players
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Storage Tank Market Research Report
By Type
Flexible Tanks, Flexible Bladders
By Application
Water, Chemicals, Fuel, Other
By Companies
Continental Industry, Meggitt, Zodiac, ATL, IMTRA, GEI Works, Plastimo, TurtlePac, Musthane, Lamor, Continental Industry, Simtech, Collapsible Pillow Tank, One Clarion
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Storage Tank Market Report Segments:
The global Flexible Storage Tank market is segmented on the basis of:
Types
Flexible Tanks, Flexible Bladders
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
Water, Chemicals, Fuel, Other
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:
- Continental Industry
- Meggitt
- Zodiac
- ATL
- IMTRA
- GEI Works
- Plastimo
- TurtlePac
- Musthane
- Lamor
- Continental Industry
- Simtech
- Collapsible Pillow Tank
- One Clarion
Highlights of The Flexible Storage Tank 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:
- Flexible Tanks
- Flexible Bladders
- By Application:
- Water
- Chemicals
- Fuel
- Other
- 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 Flexible Storage Tank 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
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
A flexible storage tank is a type of oil storage tank that can be easily expanded or contracted to meet the needs of its owner. This type of tank is often used in industries that require a large amount of oil but do not have the space to store a traditional, rigid oil storage tank.
Some of the major companies in the flexible storage tank market are Continental Industry, Meggitt, Zodiac, ATL, IMTRA, GEI Works, Plastimo, TurtlePac, Musthane, Lamor, Continental Industry, Simtech, Collapsible Pillow Tank, One Clarion.
The flexible storage tank market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Storage Tank 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 Flexible Storage Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible Storage Tank 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 Flexible Storage Tank 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 Flexible Storage Tank Market Size & Forecast, 2018-2028
4.5.1 Flexible Storage Tank Market Size and Y-o-Y Growth
4.5.2 Flexible Storage Tank Market Absolute $ Opportunity
Chapter 5 Global Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Type
5.2.1 Flexible Tanks
5.2.2 Flexible Bladders
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Applications
6.2.1 Water
6.2.2 Chemicals
6.2.3 Fuel
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Storage Tank 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 Flexible Storage Tank 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 Flexible Storage Tank Analysis and Forecast
9.1 Introduction
9.2 North America Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Type
9.6.1 Flexible Tanks
9.6.2 Flexible Bladders
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 Flexible Storage Tank Market Size Forecast by Applications
9.10.1 Water
9.10.2 Chemicals
9.10.3 Fuel
9.10.4 Other
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 Flexible Storage Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Type
10.6.1 Flexible Tanks
10.6.2 Flexible Bladders
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 Flexible Storage Tank Market Size Forecast by Applications
10.10.1 Water
10.10.2 Chemicals
10.10.3 Fuel
10.10.4 Other
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 Flexible Storage Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Type
11.6.1 Flexible Tanks
11.6.2 Flexible Bladders
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 Flexible Storage Tank Market Size Forecast by Applications
11.10.1 Water
11.10.2 Chemicals
11.10.3 Fuel
11.10.4 Other
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 Flexible Storage Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Flexible Storage Tank 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 Flexible Storage Tank Market Size Forecast by Type
12.6.1 Flexible Tanks
12.6.2 Flexible Bladders
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 Flexible Storage Tank Market Size Forecast by Applications
12.10.1 Water
12.10.2 Chemicals
12.10.3 Fuel
12.10.4 Other
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) Flexible Storage Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Flexible Storage Tank 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) Flexible Storage Tank Market Size Forecast by Type
13.6.1 Flexible Tanks
13.6.2 Flexible Bladders
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) Flexible Storage Tank Market Size Forecast by Applications
13.10.1 Water
13.10.2 Chemicals
13.10.3 Fuel
13.10.4 Other
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 Flexible Storage Tank Market: Competitive Dashboard
14.2 Global Flexible Storage Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental Industry
14.3.2 Meggitt
14.3.3 Zodiac
14.3.4 ATL
14.3.5 IMTRA
14.3.6 GEI Works
14.3.7 Plastimo
14.3.8 TurtlePac
14.3.9 Musthane
14.3.10 Lamor
14.3.11 Continental Industry
14.3.12 Simtech
14.3.13 Collapsible Pillow Tank
14.3.14 One Clarion
