Bulk Petroleum And Chemical Storage Global Market Report 2023 – By Material Type (Metal, Carbon Fiber, Glass Fiber), By Storage Type (Open Top Tanks, Fixed Roof Tanks, Floating Roof Tanks), By Application (Fuel Storage Tank, Chemical Storage Tank) – Market Size, Trends, And Global Forecast 2023-2032

Metal products refer to a type of product that has properties including a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity, and is generally formed by processes including turning, drilling, milling, shaping, planing, broaching, and sawing. The main types of metal products are forged and stamped goods, cutlery and hand tools, architectural and structural metals, boiler, tank, and shipping container, hardware, spring and wire products, machine shops, turned product, and screw, nut, and bolt, coated, engraved, and heat-treated metal products, metal valves, and other fabricated metal products. The spring and wire refer to the metal products that are used in home bedding and seating. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. These are used in construction, manufacturing, and other end users. The global metal products market is segmented - 1) By Type: Forged and Stamped Goods, Cutlery and Hand Tools, Architectural and Structural Metals, Boiler, Tank, and Shipping Container, Hardware, Spring and Wire Products, Machine Shops, Turned Product, and Screw, Nut, and Bolt, Coated, Engraved, and Heat Treated Metal Products, Metal Valves, Other Fabricated Metal Products 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods, Metal Kitchen Cookware, Utensil, Cutlery, and Flatware, Saw Blade and Hand tool, Plate Work and Fabricated Structural Products, Ornamental and Architectural Metal Products, Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge), Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware, Springs, Other Fabricated Wire Products, Machine Shops, Turned Product and Screw, Nut, and Bolt, Heat Treated Metal Products, Coated, Engraved Metal Products and Allied Services to Manufacturers, Electroplated, Plated, Polished, Anodized, and Colored Metal Products, Industrial Valves, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting, Ball and Roller Bearing, Fabricated Pipe and Pipe Fitting, All Other Miscellaneous Fabricated Metal Products. The global metal products market size grew from $2632.6 billion in 2022 to $2851.45 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal products market is expected to grow to $3807.64 billion in 2027 at a CAGR of 7.5%. The metal products market has benefitted from the rapid growth in the automotive industry during the historic period. For instance, steel, aluminium and magnesium are some of the metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions and numerous other parts. For instance, according to the India brand equity foundation, automobiles production increased at 2.36% CAGR between FY20 with 26.36 million vehicles being manufactured in the country. The net domestic automobiles sales increased at 1.29% CAGR in FY20 with 21.55 million vehicles that have been sold. Therefore, the rise in demand for automobiles during this period positively impacted the growth of the metal products manufacturing market. Major companies in the metal products market include Stanley Black & Decker Inc., Ball Corporation, Berkshire Hathaway Inc., Techtronic Industries Co. Ltd., Parker-Hannifin Corporation, ArcelorMittal S.A, Assa Abloy AB, China International Marine Containers Group) Ltd., General Electric Company, and Procter & Gamble. Many developed and developing economies are considering imposing restrictions on free trade. Post-Brexit, trade restrictions between the UK and other European countries are likely to increase. The US government has repealed the North American Free Trade Agreement (NAFTA) that created a trilateral trade bloc in North America. These changes can widen the trade competition between countries and reverse the trend towards global free trade. This will affect the demand for metal products, restricting the growth of the market. Many metal products companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. The Asia-Pacific was the largest region in the metal products market share in 2022. Western Europe was the second-largest region in the metal products market. The regions covered in the global metal products industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal products market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metal products market research report is one of a series of new reports from The Business Research Company that provides metal products market statistics, including metal products industry global market size, regional shares, competitors with a metal products market share, detailed metal products market segments, market trends and opportunities, and any further data you may need to thrive in the metal products industry. This metal products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Composites refer to the material as a combination of two materials with different physical and chemical properties that have excellent strength-to-weight ratios and durability, are stronger than those individual materials by themselves, are corrosion resistant, durable, and have a lighter weight than most metals. The components of the composites market are carbon fiber and glass fiber. Carbon fibre is a lightweight but very strong material. Carbon fibre is more firm than steel and five times stronger than it. The manufacturing process for these composites includes the layup process; filament winding process; injection moulding process; pultrusion process; compression moulding process; resin transfer moulding process; and others. They are divided based on resin type into thermoset composites and thermoplastic composites. Composites are used by various end users, such as aerospace and defense, wind energy, automotive and transportation, construction and infrastructure, marine, pipe and tank, electrical and electronics, and others. The global composites market is segmented – 1) By Product: Carbon Fiber, Glass Fiber 2) By Manufacturing Process: Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Other Processes 3) By Resin Type: Thermoset Composites, Thermoplastic Composites 4) By End-Use Industry: Aerospace and defense, Wind Energy, Automotive and Transportation, Construction & Infrastructure, Marine, Pipe and Tank, Electrical and Electronics, Other End-Users The global composites market size will grow from $88.9 billion in 2022 to $98.91 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global composites is expected to grow to $154.39 billion in 2027 at a CAGR of 11.8%. Growth in the automotive and aerospace sectors is expected to propel the growth of the composites market. In the automotive and aerospace industries, composites are used to provide improved performance, corrosion resistance, and fuel savings. According to the International Trade Administration, in 2020, aircraft manufacturing and repair services in Australia generated revenue in excess of $2.0 billion. Also, according to IBEF, Indian automobile exports stood at 1,419,430 units from April 2021 to June 2021 as compared to 436,500 units from April 2020 to June 2020. Therefore, the growth in the automotive and aerospace sectors is driving the growth of the composites market. Major players in the composites market are DuPont, Gurit, Henkel Corporation, Hexcel Corporation, Huntsman International LLC., Kineco Limited, Koninklijke Ten Cate BV, Mitsubishi Chemical Holdings Corporation, Nippon Electrical Glass Co. Ltd. (Japan), Owens Corning, SGL Group, Teijin Limited, Toray Industries, Veplas Group, Weyerhaeuser Company, BASF SE, and BGF Industries Inc.,. The composite market consists of the sales of composite materials by entities (organizations, partnerships, and sole proprietors) that refer to the material as a combination of two materials with different physical and chemical properties that have excellent strength-to-weight ratios and durability and are stronger than those individual materials by themselves. Some of the applications for these products include aerospace, automotive, and high-tech electronics. They are corrosion resistant, durable, and have a lighter weight than most metals. This sector is expected to propel the growth of the composites market. In the automotive and aerospace industries, composites are used to provide improved performance, corrosion resistance, and fuel savings. According to the International Trade Administration, in 2020, aircraft manufacturing and repair services in Australia generated revenue in excess of $2.0 billion. Also, according to IBEF, Indian automobile exports stood at 1,419,430 units from April 2021 to June 2021 as compared to 436,500 units from April 2020 to June 2020. Therefore, the growth in the automotive and aerospace sectors is driving the growth of the composites market. Technological advancements are a key trend gaining popularity in the composites market. Technological advancements to reduce composite structural mass are a type of knowledge discovery that advances technology.For instance, in June 2021, Hexcel Corporation, a US-based manufacturer of reinforcement products, composite materials, and engineered products, successfully launched the first successful maiden flight of a lightweight camera drone, using Hexcel HexPly carbon fibre prepregs. The composite drone was created by a group of students from the University of Applied Sciences Upper Austria in Wels using composite materials provided by Hexcel. The material allowed the team to lower the composite structural mass by 42% when compared to similar drones. In January 2022, JGC Holdings Corporation, a Japan-based engineering company, acquired ceramic composite products from Showa Denko Materials Co., Ltd. for an undisclosed amount. Through this acquisition, this current business is complemented by the one acquired from SDMC to strengthen its position in automotive, semiconductor, and industrial equipment applications. It consists of high-density silicon carbide ceramics, alumina ceramics, and zirconia-toughened alumina ceramics, as these goods are employed in coolant pump seals for automobile engines and require precise positioning. Showa Denko Materials Co., Ltd. is a Japan-based material technology company pioneering in the manufacturing and commercialization of chemical products for various industries. Asia-Pacific was the largest region in the composites market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the composites market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The composites market consists of sales of natural fiber, aramid fiber, ceramic fiber, and metal fiber. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The composites market research report is one of a series of new reports from The Business Research Company that provides composites market statistics, including composites market industry global market size, regional shares, competitors with composites market share, detailed composites market segments, market trends and opportunities, and any further data you may need to thrive in the composites market industry. This composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Boilers, tanks, and shipping containers refer to a type of container made of metal by using a method of manufacturing that includes cutting, forming, and joining metal parts to produce tanks that are used for storage and transportation of goods from one place to another, the processing of liquid material, and the storage of hazardous liquids. The main types of boilers, tanks and shipping containers are power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge). The power boiler and heat exchanger are used by the powerplants to boil the water into steam. The different product types include refrigerated containers, dry storage containers, special-purpose containers, flat rack containers, and other product types. They are available in different sizes such as small containers, large containers, and high cube containers and are used in residential, commercial, and other applications. The global boiler, tank, and shipping container market is segmented - 1) By Type: Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge) 2) By Product Type: Refrigirated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Other Product Types 3) By Container Size: Small Containers, Large Containers, High Cube Container 4) By Application: Residential, Commercial, Other Applications The global boiler, tank, and shipping container market size grew from $220.3 billion in 2022 to $238.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global boiler, tank, and shipping container is expected to grow to $313.93 billion in 2027 at a CAGR of 7.2%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. For instance, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025., thus driving the growth of the boiler, tank, and shipping container manufacturing market in the forecast period. Major companies in the boiler, tank and shipping container market include Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A, Doosan Heavy Industries & Construction Co. Ltd., Pacific International Lines (Private) Limited, BWX Technologies Inc., CIMC Enric Holdings Limited, and A.P. Møller-Mærsk A/S. Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Asia-Pacific was the largest region in the boiler, tank, and shipping container market share in 2022. Western Europe was the second largest region in the boiler, tank, and shipping container market. The regions covered in the global boiler, tank, and global shipping container market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the boiler, tank, and shipping container market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The boilers, tanks and shipping containers market consists of sales of dry storage container, open top tanks, and half height containers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The boiler, tank, and shipping container market research report is one of a series of new reports from The Business Research Company that provides boiler, tank, and shipping container market statistics, including boiler, tank, and shipping container industry global market size, regional shares, competitors with a boiler, tank, and shipping container market share, detailed boiler, tank, and shipping container market segments, market trends and opportunities, and any further data you may need to thrive in the boiler, tank, and shipping container industry. This boiler, tank, and shipping container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Tank wagon refers to a type of railroad car or rolling stock that is used as a tanker designed to transport liquid and gaseous commodities such as hazardous chemicals, oil and gas, crude petroleum oil, and other liquid commodities from fuel stations to rail stations on the rail transport system and on the road transport system to improve safety and reduce the chance of leakage of hazardous liquids. The main types of tank waggons covered in this report are pressurised railroad tank cars and general-purpose or non-pressurized tank cars. The pressurised railroad tank car was designed to carry chemicals and petroleum products efficiently and safely. It is also segmented by protection type into insulated and non-insulated and by application into crude oil, ethanol, liquefied gases, biofuels, milk, chemicals, and others. The global tank wagons market is segmented - 1) By Tank Pressure Type: Pressurized Railraod tank car, General Purpose or Non-Pressurized tank car 2) By Protection Type: Insulated, Non-insulated 3) By Application: Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals, Other Applications The global tank wagon market size will grow from $67.44 billion in 2022 to $70.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global tank wagon is expected to grow to $82.63 billion in 2027 at a CAGR of 4.0%. Increased demand for liquids and gases as a raw material in the residential and petrochemical sectors that use railways as one of the modes of transportation is contributing to the growth of the tank waggon market. This upswing in need is due to the lockdown and ban on travelling which have happened worldwide. For instance, according to the Facts Global Energy (FGE) data, India is expected to buy 15.8 million tonnes of LPG from abroad in the 2020 year, which is 9% more than in 2019. Furthermore, FGE has also estimated that the Asia-Pacific region will buy 67–69.5 million tonnes of gas from abroad in 2020, which will be 1–3% more than in 2019. An increase in the need for PPE kits and cooking at home is causing a rise in demand for liquid and gas, which is fulfilled with the help of tank waggons to carry tonnes of these materials, thus driving the tank waggon market growth. Major players in the tank wagons market are American Railcar Industries Inc., GATX, National Steel Car, The Greenbrier Companies, Trinity Industries Inc., Vertex Railcar, Union tank car company, American-Rails, Chongqing ChagnZheng Heavy Industry, TrinityRail Products, Caterpillar, Japan Oil Transportation., Kelso Technologies Inc., OmBesco Limited, Procor Limited, and VTG Aktiengesellschaft. The increased rate of accidents due to the high speed of railways is expected to limit the growth of the tank waggon market. These high accident rates can hamper the service provided by the rail tank waggons and also result in a loss of economy and fuel. For instance, in June 2020, in Andhra Pradesh, a state in India, tank waggons carrying oil got derailed due to high speed and caught fire, which caused a huge combustion of the oil. In February 2020, in Canada, a train with 19 waggons carrying dangerous goods got derailed due to high speed, causing an explosive fire. This led to the imposition of trains carrying hazardous goods. Thus, a rise in accidents is hampering the revenues generated for the tank waggon market. The launch of the internet of things (IoT) to fast-track the safety and compliance of rail tanks has created immense demand in the tank waggon market. The Internet of Things (IoT) empowers rail administrators to use internet-connected communication devices installed across infrastructure and rolling stock to increase safety. Moreover, there are many apps, such as the safety lock app, terminal automation app, and anti-roll-away apps, rolled out by TCS to digitalize the tank wagons. In November 2022, Heniff Transportation Systems, LLC., a US-based liquid chemical and food transportation company, acquired Coal City Cob Company, Inc. for an undisclosed amount. Through this acquisition, Heniff is able to maintain its industry-leading growth in the chemical sector of the tank truck market. In addition to a sizable rail-to-truck bulk transfer yard and tank wash facility at its headquarters in Waxahachie, Texas, Coal City Cob ("CCC") operates with more than 230 drivers and 500 trailers across its countrywide network of terminals. With a focus on maximizing customer, employee, and driver satisfaction, the current Heniff and CCC teams will collaborate closely to ensure a prompt and effective integration between the two networks. Coal City Cob Company, Inc. is a US-based company pioneering in the transportation of liquid and hazardous chemicals for various chemical and pharmaceutical companies. Asia-Pacific was the largest region in the tank wagons market in 2022. North America was the second largest region in the global tank wagons market share. The regions covered in the global tank wagons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the tank wagons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The tank wagon market consists of sales of corrosive liquid tanks, highly flammable product tanks, and gasoline tanks. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The tank waggons market research report is one of a series of new reports from The Business Research Company that provides tank waggons market statistics, including tank waggons industry global market size, regional shares, competitors with a tank waggons market share, detailed tank waggons market segments, market trends and opportunities, and any further data you may need to thrive in the tank waggons industry. This tank waggon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A tank level monitoring system is an innovative device to track fluid levels within atmospheric tanks. It handles the monitoring task by sensing the static pressure created by the height of the fluid with the aid of a tube installed within the tank and then shows the volume or level of the fluid. The tank level monitoring systems market covered in the report is segmented by product into invasive type, non-invasive type, data services, data center, local view; by component into a sensor, tracking devices, power supply, monitoring station; by application into oil & fuel, power plant, mining, automotive, others. The global tank level monitoring system market is segmented - 1) By Product: Invasive Type, Non-Invasive Type, Data Services, Data Center, Local View 2) By Component: Sensor, Tracking Devices, Power Supply, Monitoring Station 3) By Application: Oil And Fuel, Power Plant, Mining, Automotive, Other Applications The global tank level monitoring system market size grew from $0.97 billion in 2022 to $1.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The tank level monitoring system market size is expected to grow to $1.41 billion in 2027 at a CAGR of 8.1%. The increasing demand for tank level monitoring systems is expected to propel the growth of the tank level monitoring systems market during the forecast period. Tank level control system is an innovative device used to monitor the status of fluid within atmospheric tanks by using sensors, saving on assigning workers to test the tank gauges. According to the report from the IoT analyst firm Berg Insight, the global installed base of active remote tank monitoring (RTM) systems surpassed 2.5 million units by the end of 2018 and are expected to reach 11.9 million units by 2023. Therefore, the increasing demand for tank-level monitoring systems drives the growth of the tank level monitoring systems market. Major players in the tank level monitoring system market are American Sensor Technologies Inc. (AST), Centeron, Gauging Systems Inc., Graco Inc., Piusi SPA, Pneumercator, Smartlogix, Digi International Inc., and Tank Scan, Varec Inc. The impact of COVID-19 on tank level monitoring systems is expected to impede the growth of the tank level monitoring systems market in the coming years. The emergence of the COVID-19 pandemic has negatively affected the development of a variety of industries, including manufacturing, oil & gas, and many others. Oil & Gas is a major end-user industry for tank level monitoring systems. Due to COVID-19, several existing or new projects around the production chain of oil and gas are anticipated to face multiple challenges in terms of project implementation, scheduling and risk management. For instance, dozens of projects run by the Oil and Gas Technology Centre (OGTC) are experiencing delays or cancellations owing to the COVID-19 outbreak. Therefore, the impact of COVID-19 on tank level monitoring systems hampered the growth of the tank level monitoring systems market. The growing technological advancements are a major trend gaining popularity in the tank-level monitoring systems market. Major companies operating in the tank-level monitoring systems sector are focusing on developing technologically advanced solutions for tank-level monitoring systems. For instance, in September 2021, Graco Inc., a US-based company operating in fluid management products, introduced the Pulse Level tank monitoring system. The Pulse Level tank-monitoring system can entirely run on Wi-Fi, or with cellular technology, which enables the users to track tank levels of field, capture and apply data, and allocate inventory efficiently accurately, and confidently. In September 2021, Generac Holdings Inc., a US-based manufacturer of energy technology solutions and other power products acquired Tank Utility, Inc. for an undisclosed amount. With this acquisition, Generac Holdings Inc aims to enhance its sophisticated remote monitoring capabilities for propane. Tank Utility, Inc is a US-based tank monitor device and system manufacturer. North America was the largest region in the tank level monitoring system market in 2022. The regions covered in the global tank level monitoring system market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the tank level monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The tank-level monitoring system market consists of sales of invasive tank-level monitoring systems, non-Invasive tank-level monitoring systems, and other tank-level monitoring systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The tank level monitoring system market research report is one of a series of new reports from The Business Research Company that provides tank level monitoring system market statistics, including tank level monitoring system industry global market size, regional shares, competitors with a tank level monitoring system market share, detailed tank level monitoring system market segments, market trends and opportunities, and any further data you may need to thrive in the tank level monitoring system industry. This tank level monitoring system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

ISO tank container refers to a class of tank containers that comply with guidelines defined by the International Organization of Standardization (ISO), are used to transport and store liquids, powders, and gases, are suitable for different modes of transportation, and can transport both hazardous and non-hazardous products. The main types of containers in ISO tank containers are dry container, thermal and refrigerated container, tank container, open-top container, insulated container, flat rack container, and others. Thermal and refrigerated containers are temperature-controlled transportation containers that maintain a constant low temperature. They are only used to transport perishable goods such as fruits and vegetables over vast distances. The different modes of transportation include road, rail, marine and are used to transport chemicals, petrochemicals, food and beverage, pharmaceuticals, industrial gas, others. The global iso tank container market is segmented – 1) By Container Type: Dry Container, Thermal and Refrigerated Container, Tank Container, Open Top Container, Insulated Container, Flat Rack Container, Other Container Types 2) By Transport Mode: Road, Rail, Marine 3) By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Other Applications The global ISO tank container market size will grow from $1.14 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global ISO tank container is expected to grow to $1.88 billion in 2027 at a CAGR of 10.1%. The growing petrochemical industry is expected to propel the growth of the ISO tank containers market in the forecast period. The ISO tank containers are used for transporting hazardous petrochemicals as they are made up of stainless steel and are surrounded by various types of protective layers that provide resistance to the corrosive effects of the petrochemicals. For instance, according to the TBRC report, the global petrochemicals market size is expected to grow from $365.01 billion in 2020 to $429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%. Additionally, according to the International Energy Agency, petrochemicals are expected to account for about 50% of the growth in global oil demand between 2030 and 2050, contributing nearly 7 million barrels of oil. The ISO tank containers leave almost less than 50% of the carbon footprint and hence they are majorly used to ship chemicals by petrochemical industries. Therefore, the growth of the petrochemical industry drives the growth of the ISO tank containers market. Major players in the ISO tank container market are China International Marine Containers Co. Ltd., Nantong Tank Container CO. Ltd., CXIC Group Containers Company Limited, Singamas Container, WelfitOddy, Danteco Industries BV, Bewellcn Shanghai, Chart Industries Inc., Corban Energy Group, Cryeng Group, Furuise, Intermodal Tank Transport., M1 Engineering, Quantum Technologies Group Inc., and Rootselaar Group. Usage of the internet of things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things (IoT) is a system of internet-connected objects that can collect and transfer data over a wireless network without human intervention. Many companies operating in the ISO tank container sector are increasingly partnering with companies offering IoT software. For instance, in July 2021, Arkema, a France-based chemicals company collaborated with Nexxiot a Swiss company offering digital logistics solutions. This collaboration seeks to digitize Arkema's ISO tank (tank container) and rail freight wagon fleets, utilizing Nexxiot's IoT devices and intelligent cloud platform to help Arkema clients achieve end-to-end visibility, increase quality standards, and improve the overall service experience. In April 2021, Arcus Infrastructure Partners, LLP, a UK-based company, acquired Gem Containers Limited for an undisclosed amount. With this acquisition, Arcus broadens its container product portfolio, expands its customer base, and expands its product reach into Europe. Gem Containers Limited is a UK-based metal company pioneering in the manufacturing and distribution of tank containers. Europe was the largest region in the ISO tank container market in 2022. North America was the second-largest region in the ISO tank container market share. The regions covered in the ISO tank container market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ISO tank container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The ISO tank containers market consists of sales of rubber-lined ISO tank container, acid-based chemicals tank, food-grade tank, and stainless-steel containers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ISO tank container market research report is one of a series of new reports from The Business Research Company that provides ISO tank container market statistics, including ISO tank container industry global market size, regional shares, competitors with a ISO tank container market share, detailed ISO tank container market segments, market trends and opportunities, and any further data you may need to thrive in the ISO tank container industry. This ISO tank container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive fuel tank isa tank used to store, propel and release pressurized gas or fluid into automobile engine systems. The types of automotive fuel tanks by capacity include less than 45 liter, 45-70 liter, and above 70 liters. Less than 45 liter fuel tanks are used in hatchbacks and sedans and are classified as having a fuel tank capacity of less than 45 liters. The various materials used for automotive fuel tanks are aluminum, plastic, and steel. The various vehicles using automotive fuel tanks are passenger cars, light commercial vehicles, and heavy commercial vehicles. The global automotive fuel tank market is segmented – 1) By Capacity: Less than 45 Liters, 45-70 Liters, Above 70 Liters 2) By Material Type: Aluminum, Plastic, Steel 3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles The global automotive fuel tank market size will grow from $17.62 billion in 2022 to $19.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive fuel tank market is expected to grow to $26.92 billion in 2027 at a CAGR of 8.9%. The increasing demand for passenger cars has contributed to automotive fuel tank growth. In addition to the driver's seat, passenger cars are vehicles having at least four wheels that are intended to transport passengers and have no more than eight seats. There has been quite a remarkable growth in the passenger car industry, and it has made steady progress in production, domestic sales and exports. For instance, the Society of Indian Automobile Manufacturers (SIAM) reported that sales of passenger cars in India increased by 8.36% in December 2020 compared to December 2019. Utility vehicle sales climbed by 19.75 % in 2020 over December 2019. Van sales increased by 41.06 % in 2020 over December 2019. Hence, the rise in the demand for passenger cars is driving the the automotive fuel tank market. Major players in the automotive fuel tank market are The Plastic Omnium Group; Yapp Automotive Parts Co. Ltd; TI Fluid Systems; Yachiyo Industries Co. Limited; Unipres Corporation; Magna International; Fuel Total Systems (FTS) Co. Ltd; Compagnie Plastic Omnium SA; Kautex Textron GmbH & Co. KG; Martinrea International Inc.,; Unipres Corporation; Textron – KautexV (US); Benteler International AG; Allgaier Werke GmbH; Dali and Samir Engineering; Westport Fuel Systems Inc.,; Posco co. Ltd; Allgaier Automotive; Baosteel group corporation; Kongsberg Automotive; Toyoda Gosei Co. Ltd.; Visteon Corporation; Donghee Industrial CO. LTD.; FUTABA INDUSTRIAL CO. LTD.; Northside Industries; SMA SERBATOI SPA; Spectra Premium Inc.,; Allgaier Automotive; Boyd Welding. Technological advancements in fuel-efficient vehicles and alternate fuel vehicles is a key trend gaining popularity in the automotive fuel tank market. Modern automobiles require advanced materials to improve fuel economy while retaining safety and performance. Lightweight materials have a lot of potential for improving vehicle efficiency because it requires less energy to accelerate a lighter item than a heavy one. A 10% reduction in vehicle weight might result in a 6% to 8% increase in fuel economy. A vehicle's body and chassis can be decreased by up to 50% by replacing cast iron and traditional steel components with lightweight materials such as high-strength steel, magnesium (Mg) alloys, aluminium (Al) alloys, carbon fibre, and polymer composites. In one quarter of the US fleet, using lightweight components and high-efficiency engines enabled by new materials may save more than $5 billion gallons of fuel annually by 2030. Cars can carry more complex pollution control systems, safety devices, and integrated electrical systems without adding to the total weight of the vehicle by adopting lightweight structural materials. In May 2022, Tank Holding, a US-based rotational molding company, acquired Semco Plastic Company for an undisclosed amount. The acquisition is in line with the company’s strategy to invest in adjacent plastic processing technologies while working towards providing customers with better product offerings. Semco Plastic company is a US-based manufacturer of blow and injection molded products such as fuel tanks, fuel containers, refuse containers, and other products. Asia-Pacific was the largest region in the automotive fuel tank market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuel tank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Fuel Tank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fuel tank market consists of sales of Type 1, Type 2, Type 3, and Type 4. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive fuel tank market research report is one of a series of new reports from The Business Research Company that provides automotive fuel tank market statistics, including automotive fuel tank industry global market size, regional shares, competitors with an automotive fuel tank market share, detailed automotive fuel tank market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuel tank industry. This automotive fuel tank market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Oil storage refers to reservoirs or containers used to store oils. The oil storage tank is used to hold oil products temporarily before they are transported to end-users. Oil storage is used by companies to get more profits by using the cheapest storage method called underground spaces like the depleted reservoir. The main types of oil storage include pen top tanks, fixed roof tanks, floating roof tanks and others. The open-top tank refers to process-oriented tanks and is typically used for blending or containment such as chroming tanks, dipping tanks, and batch tanks. These are used in industries as secondary containers for liquid storage. These tanks are used for the storage of crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene and liquefied petroleum gas (LPG). The different materials used in oil storage include steel, carbon steel, fibreglass reinforced plastic (FRP) and others. The global oil storage market is segmented - 1) By Product Design: Open Top Tank, Fixed Roof Tank, Floating Roof Tank, Other Designs 2) By Type: Crude Oil, Gasoline, Aviation Fuel, Naphtha, Diesel, Kerosene, Liquefied Petroleum Gas (LPG) 3) By Materials: Steel, Carbon Steel, Fiberglass Reinforced Plastic (FRP), Other Materials The global oil storage market size grew from $9.41 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the oil storage market is expected to grow to $11.94 billion in 2027 at a CAGR of 4.9%. The increase in the demand of crude oil supply is expected to propel the growth of the oil storage market. Oil storage is used for storing crude oil, petroleum, and other oil products that are further supplied to end-users. The increase in demand of crude oil supply is due to an increase in consumption of crude oil products like petroleum, oil, and gas. As the oil consumption grows, it will increase the demand of crude oil supply and there will be a significant need for oil storage. For instance, according to the International Energy Agency (IEA), consumption of natural gas in India is expected to reach 25 billion cubic meters with an annual growth of 9% by 2024, and also, according to the Indian Brand Equity Foundation (IBEF), oil demand in India is expected to grow by 50% by 2030 compared to 7% growth for global demand. Therefore, the increase in the energy of crude oil supply is expected to drive the growth of the oil storage market. Major players in the oil storage market are Belco Manufacturing Co Inc., Brooge Energy, Containment Solutions Inc., LBC Tank Terminals, L F Manufacturing Inc., Oiltanking GmbH, ZCL Composites, Oman Tank Terminal Company, Columbian Steel Tank, Vitol Tank Terminals International BV, Ghazanfar Group, Horizon Terminals Ltd and Waterford Tank & Fabrication. Product innovation is a key trend gaining popularity in the oil storage market. Many companies operating in the oil storage market are focusing on developing new products to increase their portfolio and capture additional revenue. For instance, in April 2020, Sasol, a South Africa-based integrated energy and chemical company launched TERRAVIS PI. It is used for high production efficiency with low cost. The TERRAVIS PI is a unique product as it improves the flowability of crude oil, particularly in colder environments by reducing insulation, solvent, utility, and mechanical removal costs. In June 2021, Energi Asia, a UAE-based oil and gas infrastructure investment company acquired the assets of Bulk Terminal Storage from Oiltanking. The acquisition demonstrates Energi’s continued commitment to strengthening its infrastructure in the African region and supporting customers with both conventional and alternative fuel storage needs. Oiltanking is a Germany-based logistics service provider of tank terminals for petroleum products, chemicals, and gases. North America was the largest region in the oil storage market in 2022. The regions covered in the oil storage market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oil storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The oil storage market consists of sales of atmospheric storage tanks (AST), open top tanks (OTT), external floating-roof tanks (EFRT), and internal floating-roof tanks (IFRT). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The oil storage market research report is one of a series of new reports from The Business Research Company that provides oil storage market statistics, including oil storage industry global market size, regional shares, competitors with an oil storage market share, detailed oil storage market segments, market trends and opportunities, and any further data you may need to thrive in the oil storage industry. This oil storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.