According to a new market report published by Lucintel, the future of the global plastic water storage tank market looks promising with opportunities in the sectors of residential, commercial, industrial, and municipal. 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. The major drivers for this market are growing construction activities and increasing concerns about water conservation.
Browse 116 market data tables and 168 figures spread through 229 pages and in-depth TOC on “Global Plastic Water Storage Tank Market”
In this market, different types of plastic water storage tank such as polyethylene, and PVC, and others are used as polymer. On the basis of comprehensive research, 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.
Within the global plastic water storage tank market, residential will remain the largest end use industry due to increasing housing starts and growing population.
Asia Pacific will remain the largest region. It is also expected to witness the highest growth over the forecast period due to growing population and construction activities in this region.
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. Sintex, Niplast, Plastic Proget European, Enduramaxx, Cotteril Civil, American Tank, Protank, Nova Plastic Industry, GHP Manufacturing, and Protank and others are among the major plastic water storage tank manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global plastic water storage tank market by application, end use, process, polymer, size, type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Plastic Water Storage Tank Market 2019-2024: 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 plastic water storage tank market by application, end use, process, polymer, size, type, and region as follows:
By Application [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Potable Water
• Water Conservation
• Wastewater
• Industrial Waste Water
• Fire Protection
• Plumbing and Engineering Solution
By End Use [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Municipal
• Industrial
• Commercial
• Residential
By Polymer [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Polyethylene
• PVC and Others
By Plastic [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Virgin
• Recycled
By Size [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Less than 1,000 liters
• 1,000 liters to 5,000 liters
• More than 5,000 liters
By Type [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• Aboveground
• Underground
By Region [Value ($ Billion) and Volume (Kilo ton) from 2013 to 2024]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
This 229-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/plastic-water-storage-tank-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global plastic water storage tank market by application (potable water, water conservation, wastewater, industrial wastewater, fire protection, plumbing and engineering solution), end use (residential, industrial, commercial, and municipal), polymer (polyethylene, and PVC, and others) process (fresh and recycled), size (less than 1,000 liters, 1,000 to 5,000 liters, and more than 5,000 liters) type (aboveground and underground) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
