Market Overview:
The global polypropylene storage tank 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 polypropylene tanks from various end-use industries, such as chemical, food & beverage, and oil & gas. In terms of type, the winding storage tank segment is expected to lead the global market during the forecast period due to its high demand from various end-use industries. Asia Pacific is expected to be the fastest growing region in terms of CAGR during the forecast period owing to rapid industrialization and economic development in countries such as China and India.
Product Definition:
A polypropylene storage tank is a container made out of the plastic polymer polypropylene. It is often used to store liquids, such as water, oil or gasoline. Polypropylene tanks are important because they are durable and relatively inexpensive.
Winding Storage Tank:
Winding storage tank is a part of the process that is used to store the polypropylene resin in large quantities. The winding storage tanks are made up of high-density polyethylene and have seamless construction with no welds. These tanks are designed for storing high volumes of liquid at one go and can be used across various industries including automotive, building & construction, pharmaceuticals, food processing among others.
Vertical Storage Tank:
Vertical storage tank is a closed container which is used for storing liquid in bulk. It has high resistance to corrosion and it’s made of durable materials like steel, concrete, or plastic. Vertical storage tanks are mostly used in the industries where there is a continuous supply of raw material from the top floor such as petrochemical plants and refineries. The most commonly used type of vertical storage tank in polypropylene market is PP woven fabric reinforced vertical storage tank (WRT).
Application Insights:
The industry application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. Increasing industrialization across developing countries, such as India, China and Brazil is expected to augment product demand in this segment. In addition, growing emphasis on energy conservation has resulted in an increased use of PP storage tanks owing to their lightweight characteristics compared to steel or aluminum counterparts.
Commercial application accounted for a significant market share as well as volume share of PP storage tanks in 2017 due to rising awareness regarding environment protection coupled with stringent government regulations pertaining energy consumption and emission norms across various industries including oil & gas, power generation and others.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 35% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries, such as water and wastewater treatment, oil & gas, petrochemicals and others. In addition, rising government initiatives pertaining to infrastructure development are anticipated to propel industry expansion over the coming years.
The growing construction sector in emerging economies of Asia Pacific including China and India is projecteded responsible for surging product demand across various applications such as industrial storage tanks used for storing chemicals or other liquids onshore or offshore locations.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Growing popularity of polypropylene tanks in the agricultural sector for storage of fertilizers and other liquids
- Rising investment in infrastructure development projects worldwide
- Proliferation of small and medium-sized businesses (SMBs) that need affordable storage solutions for their products
- Technological advancements that have led to the development of more efficient and durable polypropylene tanks
Scope Of The Report
Report Attributes
Report Details
Report Title
Polypropylene Storage Tank Market Research Report
By Type
Winding Storage Tank, Vertical Storage Tank, Other
By Application
Industry, Commercial, Other
By Companies
United States Plastic Corporation, Protank, KCH Services Inc., Niplast, Harrington Industrial Plastics LLC, Arvind Corrotech, The Forbes Group, Thermo Fisher Scientific, Shell, Parthiv Polymers, Polytechnika LLC
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Polypropylene Storage Tank Market Report Segments:
The global Polypropylene Storage Tank market is segmented on the basis of:
Types
Winding Storage Tank, Vertical Storage Tank, 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
Industry, Commercial, 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:
- United States Plastic Corporation
- Protank
- KCH Services Inc.
- Niplast
- Harrington Industrial Plastics LLC
- Arvind Corrotech
- The Forbes Group
- Thermo Fisher Scientific
- Shell
- Parthiv Polymers
- Polytechnika LLC
Highlights of The Polypropylene 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:
- Winding Storage Tank
- Vertical Storage Tank
- Other
- By Application:
- Industry
- Commercial
- 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 Polypropylene 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?
Polypropylene storage tanks are made from a type of plastic that is resistant to chemicals and heat. This makes them ideal for storing liquids, such as gasoline or oil.
Some of the major players in the polypropylene storage tank market are United States Plastic Corporation, Protank, KCH Services Inc., Niplast, Harrington Industrial Plastics LLC, Arvind Corrotech, The Forbes Group, Thermo Fisher Scientific, Shell, Parthiv Polymers, Polytechnika LLC.
The polypropylene 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 Polypropylene 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 Polypropylene Storage Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polypropylene 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 Polypropylene 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 Polypropylene Storage Tank Market Size & Forecast, 2018-2028
4.5.1 Polypropylene Storage Tank Market Size and Y-o-Y Growth
4.5.2 Polypropylene Storage Tank Market Absolute $ Opportunity
Chapter 5 Global Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Type
5.2.1 Winding Storage Tank
5.2.2 Vertical Storage Tank
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Commercial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polypropylene 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 Polypropylene 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 Polypropylene Storage Tank Analysis and Forecast
9.1 Introduction
9.2 North America Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Type
9.6.1 Winding Storage Tank
9.6.2 Vertical Storage Tank
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 Polypropylene Storage Tank Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Commercial
9.10.3 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 Polypropylene Storage Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Type
10.6.1 Winding Storage Tank
10.6.2 Vertical Storage Tank
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 Polypropylene Storage Tank Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Commercial
10.10.3 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 Polypropylene Storage Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Type
11.6.1 Winding Storage Tank
11.6.2 Vertical Storage Tank
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 Polypropylene Storage Tank Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Commercial
11.10.3 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 Polypropylene Storage Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Polypropylene 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 Polypropylene Storage Tank Market Size Forecast by Type
12.6.1 Winding Storage Tank
12.6.2 Vertical Storage Tank
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 Polypropylene Storage Tank Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Commercial
12.10.3 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) Polypropylene Storage Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polypropylene 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) Polypropylene Storage Tank Market Size Forecast by Type
13.6.1 Winding Storage Tank
13.6.2 Vertical Storage Tank
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) Polypropylene Storage Tank Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Commercial
13.10.3 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 Polypropylene Storage Tank Market: Competitive Dashboard
14.2 Global Polypropylene Storage Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United States Plastic Corporation
14.3.2 Protank
14.3.3 KCH Services Inc.
14.3.4 Niplast
14.3.5 Harrington Industrial Plastics LLC
14.3.6 Arvind Corrotech
14.3.7 The Forbes Group
14.3.8 Thermo Fisher Scientific
14.3.9 Shell
14.3.10 Parthiv Polymers
14.3.11 Polytechnika LLC
