Market Overview:
The global stainless steel 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 stainless steel tanks from various end-use industries, such as commercial, residential, municipal and industrial. Stainless steel tanks are used in a wide range of applications such as storage of water, beverages and other liquids; processing and manufacturing; transportation; and agriculture. In terms of type, the circular tank segment is expected to dominate the global stainless steel tank market during the forecast period owing to its high durability and resistance against corrosion. In terms of region, North America is expected to lead the global stainless steel tank market during the forecast period due to rising demand for these tanks from various end-use industries in this region.
Product Definition:
A stainless steel tank is a container made from stainless steel, a type of metal that resists rust and corrosion. Stainless steel tanks are often used to store liquids or gases, and they can be very sturdy and durable.
Circular:
Circular, it's usage and growth factor in stainless steel tank market is a process where the raw materials are continuously circled by a continuous series of rollers. The method provides several advantages such as reduced energy consumption, low waste generation and improved efficiency. It also helps to reduce the production time significantly which results in increased profit margins for manufacturers.
Square:
A square is a closed shape with four sides of the same length and one side measuring equal to the base of the square. It is used in various industries such as building & construction, automotive, packaging, and consumer goods for branding purposes. Stainless steel tanks are widely used in food processing industry for storage purpose owing to their properties such as corrosion resistance and high strength.
Application Insights:
The commercial application segment accounted for the largest share of exceeding 60.0% in 2017. The segment will retain its dominant position throughout the forecast years due to wide product applications in various industries such as food & beverage, chemical, petrochemicals and pharmaceuticals among others. Increasing industrialization and construction activities across developing countries are expected to augment demand for stainless steel tanks over the next eight years.
Residential application is projected to be fastest growing market at an estimated CAGR of XX% from 2018 to 2030 owing to increasing urbanization coupled with rising disposable income levels among consumers in emerging economies including China, India and Brazil which will result in increased spending on home remodeling activities that require new kitchen equipment including a stainless steel tank among other appliances made from high quality materials such as stainless steel over the forecast period driving demand growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing population along with increasing living standards have spurred the demand for water storage tanks in this region. Moreover, rising investments by various municipal corporations are likely to boost product demand over the coming years.
Europe accounted for a significant share of global revenue in 2017 owing to growing awareness regarding superior quality stainless steel products among consumers and manufacturers alike. In addition, stringent regulations laid down by agencies such as American Petroleum Institute (API) has forced industry participants to adhere to high-quality standards or face consequences from customers themselves; thereby driving regional growth significantly over past few years.
North America emerged as one of the prominent markets for stainless steel tanks across globe owing their large-scale applications including commercial buildings/offices/schools/hospitals etc.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, pharmaceuticals, and chemicals
- Growing popularity of stainless steel tanks in the brewing industry
- Rising investments in the food and beverage sector
- Technological advancements in tank manufacturing process
- Growing demand for hygienic storage tanks
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Tank Market Research Report
By Type
Circular, Square
By Application
Commercial, Residential, Municipal, Industrial
By Companies
HERPASA, Atanis, Gpi Tank, ZCL Composites, CST Industries, Tank Connection, Schumann Tank, UIG, DN Tanks, American Tank Company, HERPASA, Chicago Bridge & Iron Company N.V. (CB&I), Caldwell Tanks, Maguire Iron, Snyder Industries, Norwesco Industries, Promax Plastics, Containment Solutions, Raypak, NECTOR INDUSTRIES, Hangzhou Huihe Machine Equipment, Wenzhou Kosun Fluid Equipment
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Tank Market Report Segments:
The global Stainless Steel Tank market is segmented on the basis of:
Types
Circular, Square
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
Commercial, Residential, Municipal, 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:
- HERPASA
- Atanis
- Gpi Tank
- ZCL Composites
- CST Industries
- Tank Connection
- Schumann Tank
- UIG
- DN Tanks
- American Tank Company
- HERPASA
- Chicago Bridge & Iron Company N.V. (CB&I)
- Caldwell Tanks
- Maguire Iron
- Snyder Industries
- Norwesco Industries
- Promax Plastics
- Containment Solutions
- Raypak
- NECTOR INDUSTRIES
- Hangzhou Huihe Machine Equipment
- Wenzhou Kosun Fluid Equipment
Highlights of The Stainless Steel 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:
- Circular
- Square
- By Application:
- Commercial
- Residential
- Municipal
- 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 Stainless Steel 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
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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?
A stainless steel tank is a type of metal tank made from stainless steel. Stainless steel is a type of metal that does not corrode, which makes it ideal for use in tanks that will be exposed to water or other liquids.
Some of the major players in the stainless steel tank market are HERPASA, Atanis, Gpi Tank, ZCL Composites, CST Industries, Tank Connection, Schumann Tank, UIG, DN Tanks, American Tank Company, HERPASA, Chicago Bridge & Iron Company N.V. (CB&I), Caldwell Tanks, Maguire Iron, Snyder Industries, Norwesco Industries, Promax Plastics, Containment Solutions, Raypak, NECTOR INDUSTRIES, Hangzhou Huihe Machine Equipment, Wenzhou Kosun Fluid Equipment.
The stainless steel 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 Stainless Steel 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 Stainless Steel Tank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stainless Steel 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 Stainless Steel 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 Stainless Steel Tank Market Size & Forecast, 2018-2028
4.5.1 Stainless Steel Tank Market Size and Y-o-Y Growth
4.5.2 Stainless Steel Tank Market Absolute $ Opportunity
Chapter 5 Global Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Type
5.2.1 Circular
5.2.2 Square
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Municipal
6.2.4 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stainless Steel 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 Stainless Steel 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 Stainless Steel Tank Analysis and Forecast
9.1 Introduction
9.2 North America Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Type
9.6.1 Circular
9.6.2 Square
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 Stainless Steel Tank Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Municipal
9.10.4 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 Stainless Steel Tank Analysis and Forecast
10.1 Introduction
10.2 Europe Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Type
10.6.1 Circular
10.6.2 Square
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 Stainless Steel Tank Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Municipal
10.10.4 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 Stainless Steel Tank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Type
11.6.1 Circular
11.6.2 Square
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 Stainless Steel Tank Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Municipal
11.10.4 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 Stainless Steel Tank Analysis and Forecast
12.1 Introduction
12.2 Latin America Stainless Steel 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 Stainless Steel Tank Market Size Forecast by Type
12.6.1 Circular
12.6.2 Square
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 Stainless Steel Tank Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Municipal
12.10.4 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) Stainless Steel Tank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stainless Steel 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) Stainless Steel Tank Market Size Forecast by Type
13.6.1 Circular
13.6.2 Square
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) Stainless Steel Tank Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Municipal
13.10.4 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 Stainless Steel Tank Market: Competitive Dashboard
14.2 Global Stainless Steel Tank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HERPASA
14.3.2 Atanis
14.3.3 Gpi Tank
14.3.4 ZCL Composites
14.3.5 CST Industries
14.3.6 Tank Connection
14.3.7 Schumann Tank
14.3.8 UIG
14.3.9 DN Tanks
14.3.10 American Tank Company
14.3.11 HERPASA
14.3.12 Chicago Bridge & Iron Company N.V. (CB&I)
14.3.13 Caldwell Tanks
14.3.14 Maguire Iron
14.3.15 Snyder Industries
14.3.16 Norwesco Industries
14.3.17 Promax Plastics
14.3.18 Containment Solutions
14.3.19 Raypak
14.3.20 NECTOR INDUSTRIES
14.3.21 Hangzhou Huihe Machine Equipment
14.3.22 Wenzhou Kosun Fluid Equipment
