DALLAS, Feb. 25, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global metal tank market looks promising with opportunities in oil and gas, industrial, and municipal applications. 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. The major drivers for this market are growing construction activities, increasing refineries, and growing industrialization.
Browse 109 market data tables and 145 figures spread through 234 pages and in-depth TOC on “Global Metal Tank Market" at https://www.lucintel.com/metal-tank-market.aspx
In this market, different types of metal tank such as aboveground and underground are used as installation type. On the basis of comprehensive research, 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.
Download Free PDF Brochure @ https://www.lucintel.com/metal-tank-market.aspx#/
Asia Pacific will continue to be the largest market and witness the highest growth over the forecast period due to increasing oil and gas demand and retail fuel stations in developing nations such as China and India.
Pre-Purchase Query @ https://www.lucintel.com/metal-tank-market.aspx#/
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. Worthington, Trinity Industries, McDermott, CIMC, Toyo Kanetsu, CST Industries, Palmer of Texas and others are among the major metal tank manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global metal tank market by installation type, end use industry, application, size, pressure type, build type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Metal Tank Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal tank market by installation type, end use industry, application, size, pressure type, build type, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com