Lucintel Forecasts Plastic Water Storage Tank Market to Reach $2 Billion by 2030
Lucintel Forecasts Plastic Water Storage Tank Market to Reach $2 Billion by 2030
Blog Article
According to the recent study the plastic water storage tank market is projected to reach an estimated $2 billion by 2030 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by growing construction activities and increasing concerns about water conservation.
A more than 150-page report to understand trends, opportunities and forecast in 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 region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that polyethylene will remain the largest polymer 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.
In this market, underground plastic water storage tanks are more predominant due to increasing government regulation towards wastewater treatment and water conservation.
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.
Sintex, Niplast, Plastic Proget European, Enduramaxx, Cotteril Civils, American Tank, Protank, Nova Plastic Industries, and GHP Manufacturing are the major suppliers in the plastic water storage tank market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056