Market Overview:
The global hydrocarbon 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 hydrocarbon tanks from various end-use industries, such as shipbuilding, temporary storage, earthquake relief, and others. In terms of type, the fixed hydrocarbon tank segment is expected to lead the market during the forecast period. This can be attributed to its low installation and maintenance costs as compared to other types of tanks.
Product Definition:
A hydrocarbon tank is a container used to store or transport liquid hydrocarbons. Hydrocarbon tanks are typically made of steel and are either cylindrical or rectangular in shape. They may be equipped with heating coils to keep the contents warm, and some tanks have an internal floating roof to minimize losses due to evaporation. Hydrocarbon tanks are important for transporting and storing liquid hydrocarbons, such as crude oil, gasoline, and diesel fuel.
Fixed:
*** Fixed Carbon Dioxide Gas Generation Plant Market Size, Share & Trends Analysis Report By Application (Power Generation (Natural Gas Turbines), Chemical Industry) And Segment Forecasts To 2024 -> The global fixed carbon dioxide gas generation plant market size was USD 3.0 billion in 2015.
Floating and Towable:
Floating and towable drilling units are used to extract oil from the ground. It is a device that is lowered into the wellbore by means of a cable or chain, which then extracts the oil at an angle of 90degrees to the horizontal through tubing. The extracted oil is collected in a floating unit or drawn into a towable storage tank before being lifted to the surface for processing and transportation via pipeline.
Application Insights:
The shipbuilding application segment led the market and accounted for more than 35.0% share of the global revenue in 2017. The use of hydrocarbon tanks in ships is expected to witness a rise, as they are considered to be safer options than other liquid carrying vessels such as crude oil tankers when it comes to handling flammable liquids such as gasoline and diesel due to their thick walls.
Hydrocarbon tanks are used for temporary storage during construction activities at various sites including landfills, offshore platforms, onshore facilities and others. Temporary storage is majorly required while waiting for site clearance or until permanent facilities become operational enough to handle the flow of waste generated by population growth along with industrialization & urbanization developments over the past few decades across various regions worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for LNG as a result of growing energy needs, coupled with an increase in industrialization and economic growth. In addition, increasing government spending on infrastructure development along with rising oil & gas exploration activities are likely to drive industry expansion over the coming years.
North America accounted for 21% of total market share owing to high product demand from shipbuilding sector that accounts for majority of fixed production capacity across U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for hydrocarbon tanks from the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for hydrocarbon tanks in Asia Pacific due to the growth of the automotive and petrochemical industries
- Growing popularity of composite hydrocarbon tanks owing to their superior properties such as light weight, high strength, and corrosion resistance
- Proliferation of smart tank management systems that help optimize storage capacity and improve safety standards
- Development of new applications for hydrocarbon tanks in areas such as aerospace, defense, and marine
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrocarbon Tank Market Research Report
By Type
Fixed, Floating and Towable, Other
By Application
Shipbuilding, Temporary Storage, Earthquake Relief, Other
By Companies
Aqua-Guard, Canflex, Covertex, Crunchoil, Desmi, ECOservice-NEFTEGAZ, EMPTEEZY, LAMOR, Markleen Terra, Sillinger, Sorbcontrol, Vikoma International
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Hydrocarbon Tank Market Report Segments:
The global Hydrocarbon Tank market is segmented on the basis of:
Types
Fixed, Floating and Towable, Other
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
Shipbuilding, Temporary Storage, Earthquake Relief, 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:
- Aqua-Guard
- Canflex
- Covertex
- Crunchoil
- Desmi
- ECOservice-NEFTEGAZ
- EMPTEEZY
- LAMOR
- Markleen Terra
- Sillinger
- Sorbcontrol
- Vikoma International
Highlights of The Hydrocarbon 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:
- Fixed
- Floating and Towable
- Other
- By Application:
- Shipbuilding
- Temporary Storage
- Earthquake Relief
- 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 Hydrocarbon 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 hydrocarbon tank is a large, cylindrical container used to store petroleum products. Hydrocarbons are liquids that contain carbon and hydrogen atoms.
Some of the key players operating in the hydrocarbon tank market are Aqua-Guard, Canflex, Covertex, Crunchoil, Desmi, ECOservice-NEFTEGAZ, EMPTEEZY, LAMOR, Markleen Terra, Sillinger, Sorbcontrol, Vikoma International.
The hydrocarbon 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 Hydrocarbon 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 Hydrocarbon Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrocarbon 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 Hydrocarbon 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 Hydrocarbon Tank Market Size & Forecast, 2020-2028
4.5.1 Hydrocarbon Tank Market Size and Y-o-Y Growth
4.5.2 Hydrocarbon Tank 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
5.2.2 Floating and Towable
5.2.3 Other
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 Shipbuilding
6.2.2 Temporary Storage
6.2.3 Earthquake Relief
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrocarbon 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 Hydrocarbon 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 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
9.6.2 Floating and Towable
9.6.3 Other
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 Shipbuilding
9.10.2 Temporary Storage
9.10.3 Earthquake Relief
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 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
10.6.2 Floating and Towable
10.6.3 Other
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 Shipbuilding
10.10.2 Temporary Storage
10.10.3 Earthquake Relief
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 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
11.6.2 Floating and Towable
11.6.3 Other
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 Shipbuilding
11.10.2 Temporary Storage
11.10.3 Earthquake Relief
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 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
12.6.2 Floating and Towable
12.6.3 Other
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 Shipbuilding
12.10.2 Temporary Storage
12.10.3 Earthquake Relief
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) 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
13.6.2 Floating and Towable
13.6.3 Other
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 Shipbuilding
13.10.2 Temporary Storage
13.10.3 Earthquake Relief
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 Hydrocarbon Tank Market: Competitive Dashboard
14.2 Global Hydrocarbon Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aqua-Guard
14.3.2 Canflex
14.3.3 Covertex
14.3.4 Crunchoil
14.3.5 Desmi
14.3.6 ECOservice-NEFTEGAZ
14.3.7 EMPTEEZY
14.3.8 LAMOR
14.3.9 Markleen Terra
14.3.10 Sillinger
14.3.11 Sorbcontrol
14.3.12 Vikoma International
