Lucintel forecasts that polyethylene will remain the largest segment and it is also expected to witness the highest growth because it is exceptionally durable, light weight, and cost effective. #PlasticWaterStorageTankMarket, #WaterStorageTankMarket, #PlasticTankMarket, #PlasticMarket

1. Plastic Water Storage Tank Market Report 2019-
2024: Trends, Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by
Application
Potable water, water conservation, wastewater, industrial wastewater, fire
protection, plumbing and engineering solution
Market Segments by End Use Residential, industrial, commercial, and municipal
Market Segments by Polymer Polyethylene, and PVC, and others
Market Segments by Process Fresh and recycled
Market Segments by Size Less than 1,000 liters, 1,000 to 5,000 liters, and more than 5,000 liters
Market Segments by Type Aboveground and underground
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Sintex, Niplast, Plastic Proget European, Enduramaxx, Cotteril Civil,
American Tank, Protank, Nova Plastic Industry, GHP Manufacturing, and
Protank and others
Trend Growth Rate and CAGR 3.4%
Key Industry Forecast
The global plastic water storage tank market is expected to reach an
estimated $1.3 billion by 2024 with a CAGR of 3.4% from 2019 to 2024.
Key Industry Driver
Driver: Growing construction activities and increasing concerns about water
conservation.
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3. Industry Overview
Market Size
• The global plastic water storage tank
market is expected to reach an estimated
$1.3 billion by 2024 with a CAGR of 3.4%
from 2019 to 2024.
• An emerging trend, which has a direct impact
on the dynamics of the plastic water storage
tank market, includes increasing demand for
four layered water storage tanks for protection
from bacteria and fungus.
Market Size (2024) $1.3 billion
CAGR (2019-24) 3.4%
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Industry Performance : Forecast