Market Overview:
The global 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 floating roof ASTs from the oil & gas, chemical industry, water & wastewater, and other applications. In terms of type, the hazardous for flammable liquids segment is expected to lead the market during the forecast period. This can be attributed to stringent safety regulations imposed by various governments across different regions that mandate use of these tanks for storage of flammable liquids.
Product Definition:
The Floating Roof AST is a type of storage tank that floats on the surface of the stored product. It is used to prevent evaporation and minimize losses.
Hazardous for flammable liquids:
Hazards for flammable liquids, it's usage.
The global floating roof AST (Appliance Testing Services) market size was valued at USD 1.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Non-hazardous content:
Non-hazardous content is the portion of the AST that pertains to non-structural components. Non-hazardous materials are those which do not constitute a threat to life or limb and can be removed without any special protection. The majority of the materials used in building construction are classified as non-hazardous, including roofing felt, shingles, insulation products such as fiberglass and rock wool among others.
Application Insights:
The global market is segmented by application into oil & gas, chemical industry, water & wastewater and others. The oil &gas segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for roofs from petrochemical plants, LNG terminals as well as refineries across the globe. Furthermore, favorable government regulations regarding installation of these products are also driving growth in this sector.
The water & wastewater segment is anticipated to register a significant CAGR over the forecast period owing to rapid industrialization along with urbanization in developing countries such as India and China which has resulted in an increased requirement of fresh water thereby necessitating an increase in production capacity for treatment facilities resultingantly boosting product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing demand for commercial and residential buildings. Furthermore, growing industrialization coupled with rising oil & gas exploration activities is anticipated to drive the regional market growth over the forecast period.
The presence of major chemical industries including petrochemical complexes such as KG Chemical Co., Ltd., Sinopec Corporation, PTT Public Company Limited; polymers including Formosa Plastics Group; food processing units such as Thailand’s CP Group; metal manufacturing companies such as Nippon Steel & Sumitomo Metal Corp.; and power generation plants of countries like China, India have increased significantly owing to population growth and economic development that led to a rise in energy consumption thereby driving AST production globally.
Growth Factors:
- Increasing demand for Floating Roof AST in the automotive industry for fuel storage tanks
- Growing demand from the chemical and petrochemical industries
- Rising popularity of Floating Roof ASTs in Asia Pacific region
- Technological advancements that improve the efficiency and performance of Floating Roof ASTs
- Stringent environmental regulations mandating use of floating roof tanks for storage of volatile liquids
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Roof AST Market Research Report
By Type
Hazardous for flammable liquids, Non-hazardous content, Hazardous for other materials
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Floating Roof AST Market Report Segments:
The global Floating Roof AST market is segmented on the basis of:
Types
Hazardous for flammable liquids, Non-hazardous content, Hazardous for other materials
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 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:
- Hazardous for flammable liquids
- Non-hazardous content
- Hazardous for other materials
- 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 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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- 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?
Floating Roof AST is a roofing system that uses a floating membrane to cover the roof. The membrane is made of waterproof material and it floats on the water below the roof. This system allows for ventilation and sunlight to enter the building, while protecting it from rain and snow.
Some of the major players in the 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 floating roof ast 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 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 Floating Roof AST Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Floating Roof AST Market Size & Forecast, 2020-2028
4.5.1 Floating Roof AST Market Size and Y-o-Y Growth
4.5.2 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 Hazardous for flammable liquids
5.2.2 Non-hazardous content
5.2.3 Hazardous for other materials
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 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 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 Hazardous for flammable liquids
9.6.2 Non-hazardous content
9.6.3 Hazardous for other materials
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 Hazardous for flammable liquids
10.6.2 Non-hazardous content
10.6.3 Hazardous for other materials
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 Hazardous for flammable liquids
11.6.2 Non-hazardous content
11.6.3 Hazardous for other materials
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 Hazardous for flammable liquids
12.6.2 Non-hazardous content
12.6.3 Hazardous for other materials
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 Hazardous for flammable liquids
13.6.2 Non-hazardous content
13.6.3 Hazardous for other materials
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 Floating Roof AST Market: Competitive Dashboard
14.2 Global 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
