Market Overview:
The global industrial steel tanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for agricultural, oil and gas, water and waste water treatment, and other applications. In terms of type, the < 800 gallons segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the growing demand for small-sized tanks in various applications such as agricultural and water & waste water treatment.
Product Definition:
Industrial steel tanks are used to store or process liquids and gases in industries. The importance of industrial steel tanks is that they are strong and durable, which makes them ideal for storing or processing hazardous materials.
< 800 Gallons:
800 gallons is the capacity of a standard 40 foot container. It can carry around 8,000 US gallons or 7,200 Imperial Gallons (IG). The size of a 40-foot shipping container is ideal for storing and transporting liquid in bulk quantities. They are widely used to transport petrochemical products such as crude oil, sludge oil & chemicals and other industrial solvents.
800-2000 Gallons:
800-2000 Gallons is the range of water capacity in Galons. It is used to measure the volume of liquid steel that can be stored in a tank and still have space for expansion. The higher the number, generally means more storage capacity with less movement or vibration.
The 800-2000 Gallon industrial steel tanks are designed to store highly viscous fluids such as paint, oil, and plasticizers among others which require high stability during transportation and storage.
Application Insights:
The oil and gas segment accounted for the largest revenue share in 2017. The demand for steel tanks is expected to increase due to the growing oil and gas industry across countries such as Saudi Arabia, Russia, China, United Arab Emirates and Mexico. In addition, favorable government regulations that promote industrial development are anticipated to further drive growth over the forecast period.
The agricultural segment is projected to witness significant growth over the forecast period owing to increasing population coupled with a rise in disposable income of consumers in developing regions such as Latin America and Asia Pacific. Steel containers are widely used for storage of pesticides & fertilizers among other farm equipment & supplies on account of their durability performance characteristics when compared with plastic or wooden containers.
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 steel tanks as a result of rapid industrialization, coupled with increasing oil and gas production. China, India, Japan, South Korea are some of the largest markets in Asia Pacific that have witnessed significant growth over past few years owing to rising demand from end-use industries such as water and waste water treatment.
The Middle East & Africa is projected to be one of fastest growing regional markets due to high investments being made by various countries for expanding their oil & gas industry capacity thereby driving up product demand across major regions including North America and Europe.
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, chemicals, and water treatment is expected to drive the growth of industrial steel tanks market over the forecast period.
- Rising investments in infrastructure development projects is also anticipated to boost the demand for industrial steel tanks in the coming years.
- Growing awareness about safety and environment-friendly storage solutions is projected to fuel the growth of industrial steel tanks market in near future.
- Technological advancements in manufacturing processes are likely to provide new opportunities for players operating in this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Steel Tanks Market Research Report
By Type
< 800 Gallons, 800-2000 Gallons, 2000-3000 Gallons, > 3000 Gallons
By Application
Agricultural, Oil and Gas, Water and Waste Water Treatment, Others
By Companies
CST Industries, Tank Holding, Steelcore tank, Hendic, UIG, Tank Connection, BUWATEC, SBS Tank, Florida Aquastore, Schumann Tank, Niles Steel Tank, Spokane Industries
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Steel Tanks Market Report Segments:
The global Industrial Steel Tanks market is segmented on the basis of:
Types
< 800 Gallons, 800-2000 Gallons, 2000-3000 Gallons, > 3000 Gallons
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
Agricultural, Oil and Gas, Water and Waste Water Treatment, 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
- Tank Holding
- Steelcore tank
- Hendic
- UIG
- Tank Connection
- BUWATEC
- SBS Tank
- Florida Aquastore
- Schumann Tank
- Niles Steel Tank
- Spokane Industries
Highlights of The Industrial Steel Tanks 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:
- < 800 Gallons
- 800-2000 Gallons
- 2000-3000 Gallons
- > 3000 Gallons
- By Application:
- Agricultural
- Oil and Gas
- Water and Waste Water Treatment
- 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 Industrial Steel Tanks 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
- Understanding Competition Scenario
- 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?
Industrial steel tanks are used for storing liquids, gases, or other materials. They are made of a strong metal that can withstand high temperatures and pressures.
Some of the major players in the industrial steel tanks market are CST Industries, Tank Holding, Steelcore tank, Hendic, UIG, Tank Connection, BUWATEC, SBS Tank, Florida Aquastore, Schumann Tank, Niles Steel Tank, Spokane Industries.
The industrial steel tanks 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 Industrial Steel Tanks 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 Industrial Steel Tanks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Steel Tanks 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 Industrial Steel Tanks 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 Industrial Steel Tanks Market Size & Forecast, 2018-2028
4.5.1 Industrial Steel Tanks Market Size and Y-o-Y Growth
4.5.2 Industrial Steel Tanks Market Absolute $ Opportunity
Chapter 5 Global Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Type
5.2.1 < 800 Gallons
5.2.2 800-2000 Gallons
5.2.3 2000-3000 Gallons
5.2.4 > 3000 Gallons
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Applications
6.2.1 Agricultural
6.2.2 Oil and Gas
6.2.3 Water and Waste Water Treatment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Steel Tanks 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 Industrial Steel Tanks 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 Industrial Steel Tanks Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Type
9.6.1 < 800 Gallons
9.6.2 800-2000 Gallons
9.6.3 2000-3000 Gallons
9.6.4 > 3000 Gallons
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 Industrial Steel Tanks Market Size Forecast by Applications
9.10.1 Agricultural
9.10.2 Oil and Gas
9.10.3 Water and Waste Water Treatment
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 Industrial Steel Tanks Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Type
10.6.1 < 800 Gallons
10.6.2 800-2000 Gallons
10.6.3 2000-3000 Gallons
10.6.4 > 3000 Gallons
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 Industrial Steel Tanks Market Size Forecast by Applications
10.10.1 Agricultural
10.10.2 Oil and Gas
10.10.3 Water and Waste Water Treatment
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 Industrial Steel Tanks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Type
11.6.1 < 800 Gallons
11.6.2 800-2000 Gallons
11.6.3 2000-3000 Gallons
11.6.4 > 3000 Gallons
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 Industrial Steel Tanks Market Size Forecast by Applications
11.10.1 Agricultural
11.10.2 Oil and Gas
11.10.3 Water and Waste Water Treatment
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 Industrial Steel Tanks Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Steel Tanks 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 Industrial Steel Tanks Market Size Forecast by Type
12.6.1 < 800 Gallons
12.6.2 800-2000 Gallons
12.6.3 2000-3000 Gallons
12.6.4 > 3000 Gallons
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 Industrial Steel Tanks Market Size Forecast by Applications
12.10.1 Agricultural
12.10.2 Oil and Gas
12.10.3 Water and Waste Water Treatment
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) Industrial Steel Tanks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Steel Tanks 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) Industrial Steel Tanks Market Size Forecast by Type
13.6.1 < 800 Gallons
13.6.2 800-2000 Gallons
13.6.3 2000-3000 Gallons
13.6.4 > 3000 Gallons
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) Industrial Steel Tanks Market Size Forecast by Applications
13.10.1 Agricultural
13.10.2 Oil and Gas
13.10.3 Water and Waste Water Treatment
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 Industrial Steel Tanks Market: Competitive Dashboard
14.2 Global Industrial Steel Tanks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CST Industries
14.3.2 Tank Holding
14.3.3 Steelcore tank
14.3.4 Hendic
14.3.5 UIG
14.3.6 Tank Connection
14.3.7 BUWATEC
14.3.8 SBS Tank
14.3.9 Florida Aquastore
14.3.10 Schumann Tank
14.3.11 Niles Steel Tank
14.3.12 Spokane Industries
