Lucintel’s latest market report analyzed that metal tank provides attractive opportunities in oil and gas, industrial, and municipal applications. The metal tank market is expected to reach $12.5 billion by 2025 with a CAGR of 2.7%. In this market, aboveground is the largest segment by installment type, whereas oil and gas is largest by end use industry. The increasing use of sidewall insulation in metal tanks to maintain temperature and growing adoption of dual seam systems to emphasize strength and corrosion resistance provides strategic growth path in this market.
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Based on installment type, the metal tank market is segmented into aboveground and underground. The aboveground segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to easier access for repairs and maintenance.
Browse in-depth TOC on “Metal Tank Market”
109 – Tables
145 – Figures
234 – Pages
The metal tank market is marked by the presence of several big and small players. Some of the prominent players offering Metal tank include Worthington, Trinity Industries, McDermott, CIMC, Toyo Kanetsu, CST Industries, Palmer of Texas and others.
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