What Factors Propelled The Growth Of The ISO Tank Container Market In The Past?
The iso tank container market has seen considerable growth due to a variety of factors.
• The growth of the ISO tank container market has been significant in the past few years. The market, which was valued at $1.63 billion in 2024, is projected to expand to $1.78 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%.
The market's robust growth during the historical period can be linked to the enlargement of maritime commerce, the rise in mergers and acquisitions, and heightened investment levels.
What Is The Projected Growth And Market Size For The ISO Tank Container
The iso tank container market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of ISO tank containers is predicted to undergo swift expansion in the upcoming years, with projections indicating a surge to $2.62 billion in 2029, boasting a compound annual growth rate (CAGR) of 10.1%.
Contributing factors to this forecasted growth include the expansion of the petrochemical industry, an upswing in oil and gas exports, rising usage of shipping containers, and heightened import and export activities. Key trends for this period encompass collaborations with IoT software providers, creation of smart solutions utilizing state-of-the-art technologies, the application of AI-powered devices in ISO tank containers, the introduction of online tracking solutions, the utilization of advanced systems like optical character recognition, and the release of innovative products.
What Key Factors and Trends are Driving the Growth of the ISO Tank Container Market?
The ISO tank container market is predicted to witness an upward trajectory in its growth, spurred by the expansion of the petrochemical industry in the years to come. ISO tank containers have become a preferred choice for the transportation of hazardous petrochemicals, rendered safe by their stainless-steel constitution and multiple protective layers that combat the corrosive impacts of the chemicals. Supported by the International Energy Agency's statistics, it is foreseen that petrochemicals will represent approximately half of the worldwide oil demand growth between 2030 and 2050, and make up roughly 7 million barrels of oil. Besides, ISO tank containers are favored for having less than 50% carbon footprint, making them ideal for chemical transportation in petrochemical industries. Adding to this, the International Energy Agency, a France-based independent intergovernmental organization, predicts petrochemicals to contribute over one-third to the rise in oil consumption by 2030 and nearly half by 2050, superseding trucks, aircraft, and shipping, primarily due to the soaring demand for petrochemical products. Consequently, the petrochemical industry's expansion is triggering the growth of the ISO tank container market.
What Are The Main Segments Of The Global ISO Tank Container Market?
The ISO tank container market covered in this report is segmented –
1) By Container Type: =30 ft, >30 ft
2) By Transport Mode: Road, Rail, Marine
3) By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Other Applications
Subsegments:
1) By =30 ft: 20 ft ISO Tank Containers, 25 ft ISO Tank Containers
2) By >30 ft: 40 ft ISO Tank Containers, 45 ft ISO Tank Containers
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What Emerging Trends Are Influencing The Growth Of The ISO Tank Container Market?
Leading corporations in the ISO tank container marketplace are prioritizing strategic investments to bolster the production of new ISO tank containers. These strategic investments within the ISO Tank Container market promote manufacturing efficiency, catalyze product breakthroughs, decrease operational expenses, and widen market penetration. For example, Suttons International Limited, a company located in the UK, invested in an additional 100 ISO tank containers as part of its growth approach in March 2022. The purpose of such investment is to fortify Suttons International's global tank container fleet by incorporating 100 more ISO tank containers. This will improve service competency for current clientele and pave the way for penetration into new markets.
Who Are the Key Players in the ISO Tank Container Market?
Major companies operating in the ISO tank container market include:
• CIMC Container Holdings Co. Ltd.
• Singamas Container Holdings Limited
• Welfit Oddy Industries Pty Ltd
• Chart Industries Inc
• Sure Tank
• NT Tank
• Bewellcn Shanghai Co. Ltd.
• Cryeng Group
• M1 Engineering
• Corban Energy Group
• Cosco Shipping
• Peacock
• Leschaco
• VTG Tanktainer GmbH
• Suttons Group
• Royal Dutch Shell
• Aker Solutions
• Linde
• Equinor
• Total Energies
• Transalex
• Load & Go Logistics
• Baltica-Trans Co Ltd
• M&S Logistics
• GATX
• ExxonMobil Russia
• Stolt-Nielsen Limited
• HOYER GmbH
• Bulkhaul Ltd
• Danteco Industries
• Meeberg
• Tankformator
• THIELMANN
• Tankcon
• Bertschi AG
• Maersk
• MSC
• TIL Group
• Intermodal Tank Transport
• NewPort Tank
• Aramex
• DP World
• Icon Middle East
What Is The Most Dominant Region In The ISO Tank Container Market?
Europe was the largest region in the ISO tank container market in 2024. North America was the second-largest region in the ISO tank container market. The regions covered in the ISO tank container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
