Lucintel forecasts that aboveground metal tanks will remain the largest segment and witness the highest growth over the forecast period due to easier access for repairs and maintenance. #MetalTankMarket, #MetalMarket, #TankMarket

1. Metal Tank Market Report 2018-2023: Trends,
Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by End Use
Industries
Industrial, oil and gas, and municipal and others
Market Segments by
Installation Type
Aboveground and underground
Market Segments by
Application
Fuel, water and wastewater, fire protection, industrial, food and beverage,
paper and pulp and others
Market Segments by Size Below 5,000 gallons, 5,000 to 25,000 gallons, and over 25,000 gallons
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Worthington, Trinity Industries, McDermott, CIMC, Toyo Kanetsu, CST
Industries, Palmer of Texas and others.
Trend Growth Rate and CAGR 3.3%
Key Industry Forecast
The global metal tank market is expected to reach an estimated $10.1
billion by 2023 with a CAGR of 3.3% from 2018 to 2023
Key Industry Driver
Driver: Growing construction activities, increasing refineries, and growing
industrialization.
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3. Industry Overview
Market Size
• The global metal tank market is expected to
reach an estimated $10.1 billion by 2023
with a CAGR of 3.3% from 2018 to 2023.
• Emerging trends, which have a direct impact
on the dynamics of the metal tank industry,
include increasing use of sidewall insulation in
metal tanks to maintain temperature and
growing adoption of dual seam systems to
emphasize strength and corrosion resistance.
Market Size (2023) $10.1 billion
CAGR (2018-23) 3.3%
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Industry Performance : Forecast