Market Overview:
The global plastic water 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 potable water and the growing awareness about water conservation. In terms of type, the polyethylene segment is expected to dominate the market during the forecast period. This can be attributed to its properties such as high strength, durability, and resistance against corrosion. In terms of application, domestic applications are expected to dominate the market during the forecast period owing to rising population and rapid urbanization in emerging economies such as China and India.
Product Definition:
A plastic water storage tank is a container that holds water for either residential or commercial use. The importance of a plastic water storage tank is twofold; it can be used to store potable (drinkable) water, and it can also be used as a backup source of water in the event of an emergency.
Polyethylene:
Polyethylene is a widely used plastic in the manufacturing of water storage tanks. It offers several advantages over other plastics such as high strength, excellent resistance to most solvents, lightweight and easy handling among others. Polyethylene is also known as PE or PET owing to the three main units that make up its molecular structure (ethylene, oxygen and carbon).
Fiber Glass:
Fiber glass is a type of glass that is made from fine fibers, which are woven together into a very thin sheet. The sheets are then heated to extremely high temperatures (over 2,600°C or 5,500°F) and allowed to cool; this process yields the fiberglass. Fiberglass is used in various applications including insulation for thermal protection and heat shielding in tanks used for storing plastic water.
Application Insights:
The domestic application segment held the largest share of over 70.0% in 2017. The growing population and rapid urbanization are expected to be the key demand drivers for plastic water storage tanks in the domestic sector over the forecast period. Rapidly expanding residential, commercial and industrial sectors are also likely to fuel product demand in this sector over the next eight years.
The commercial application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising investments by various organizations across regions including Africa, Asia Pacific.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness regarding water conservation and sustainable development. In addition, growing population coupled with rapid urbanization has resulted in increased demand for water, which is anticipated to drive the regional market over the forecast period.
The plastic water storage tank industry in North America was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising demand for clean drinking water coupled with stringent government regulations about waste management practices pertaining tomunicipal as well as industrial processes. Moreover, technological advancements such as nanotechnology-based products are further expectedto boost product sales across this region during the same period.
Europe accounted for a major share of revenue generated by global markets due its large consumption of bottled mineral waters on a domestic level along with high usage rates of packaged beverages suchas juices.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, pharmaceuticals, and cosmetics
- Growing awareness about the benefits of using plastic water tanks over traditional storage methods
- Technological advancements in manufacturing processes that lead to improved quality and durability of tanks
- Rising disposable income levels of consumers that enable them to invest in better quality water storage solutions
- Stringent government regulations on water usage and conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Water Storage Tank Market Research Report
By Type
Polyethylene, Fiber Glass, Others
By Application
Domestic, Commercial, Industrial
By Companies
Sintex Industries, Niplast Storage Tanks, American Tank, Protank, GHP Manufacturing, Karplas Composite Plastic Fiberglass, Emiliana Serbatoi, Cotterill Civils, Carbery Plastics, Plastic Proget, Sintex Industries, Al Bassam International Factories, Nova Plastic 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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Water Storage Tank Market Report Segments:
The global Plastic Water Storage Tank market is segmented on the basis of:
Types
Polyethylene, Fiber Glass, Others
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
Domestic, Commercial, Industrial
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:
- Sintex Industries
- Niplast Storage Tanks
- American Tank
- Protank
- GHP Manufacturing
- Karplas Composite Plastic Fiberglass
- Emiliana Serbatoi
- Cotterill Civils
- Carbery Plastics
- Plastic Proget
- Sintex Industries
- Al Bassam International Factories
- Nova Plastic Industries
Highlights of The Plastic Water 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:
- Polyethylene
- Fiber Glass
- Others
- By Application:
- Domestic
- Commercial
- Industrial
- 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 Plastic Water 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
- 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 plastic water storage tank is a large, durable container made of plastic that can hold water. They are often used to store drinking water for households or businesses.
Some of the key players operating in the plastic water storage tank market are Sintex Industries, Niplast Storage Tanks, American Tank, Protank, GHP Manufacturing, Karplas Composite Plastic Fiberglass, Emiliana Serbatoi, Cotterill Civils, Carbery Plastics, Plastic Proget, Sintex Industries, Al Bassam International Factories, Nova Plastic Industries.
The plastic water storage tank 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 Plastic Water 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 Plastic Water Storage Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Water 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 Plastic Water 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 Plastic Water Storage Tank Market Size & Forecast, 2020-2028
4.5.1 Plastic Water Storage Tank Market Size and Y-o-Y Growth
4.5.2 Plastic Water Storage 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 Polyethylene
5.2.2 Fiber Glass
5.2.3 Others
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 Domestic
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Water 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 Plastic Water 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 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 Polyethylene
9.6.2 Fiber Glass
9.6.3 Others
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 Domestic
9.10.2 Commercial
9.10.3 Industrial
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 Polyethylene
10.6.2 Fiber Glass
10.6.3 Others
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 Domestic
10.10.2 Commercial
10.10.3 Industrial
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 Polyethylene
11.6.2 Fiber Glass
11.6.3 Others
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 Domestic
11.10.2 Commercial
11.10.3 Industrial
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 Polyethylene
12.6.2 Fiber Glass
12.6.3 Others
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 Domestic
12.10.2 Commercial
12.10.3 Industrial
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 Polyethylene
13.6.2 Fiber Glass
13.6.3 Others
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 Domestic
13.10.2 Commercial
13.10.3 Industrial
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 Plastic Water Storage Tank Market: Competitive Dashboard
14.2 Global Plastic Water Storage Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sintex Industries
14.3.2 Niplast Storage Tanks
14.3.3 American Tank
14.3.4 Protank
14.3.5 GHP Manufacturing
14.3.6 Karplas Composite Plastic Fiberglass
14.3.7 Emiliana Serbatoi
14.3.8 Cotterill Civils
14.3.9 Carbery Plastics
14.3.10 Plastic Proget
14.3.11 Sintex Industries
14.3.12 Al Bassam International Factories
14.3.13 Nova Plastic Industries
