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 connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $14.7 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025 . 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"
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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 2019-2025: 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 2014 to 2025]:
- Potable Water
- Water Conservation
- Wastewater
- Industrial Waste Water
- Fire Protection
- Plumbing and Engineering Solution
By End Use [Value ($ Billion) and Volume (Kilo ton) from 2014 to 2025]:
- Municipal
- Industrial
- Commercial
- Residential
By Polymer [Value ($ Billion) and Volume (Kilo ton) from 2014 to 2025]:
- Polyethylene
- PVC and Others
By Plastic [Value ($ Billion) and Volume (Kilo ton) from 2014 to 2025]:
- Virgin
- Recycled
By Size [Value ($ Billion) and Volume (Kilo ton) from 2014 to 2025]:
- 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 2014 to 2025]:
- Aboveground
- Underground
By Region [Value ($ Billion) and Volume (Kilo ton) from 2014 to 2025]:
- 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.
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