The latest intelligence from Fact.MR reveals mobile liquid tanks demand to recover in 2021. As COVID-19 induced slowdown tapers off, mobile liquid sales are likely to witness an upsurge.
The latest industry report by Fact.MR tracks global mobile liquid tank sales for 2016-2020. A market forecast is offered for the year 2021-2031.
Key Developments in Mobile Liquid Tanks Industry
For example, C&E Plastics Inc, a key player, is focusing on mobile chemical storage. The end user industry for Mobile tanks is huge. Thus, the company is not only focusing on high-quality tanks but also is focusing on tanks that can be easily transported.
The company’s Poly – Frac chemical storage tank with high impact UV stabilized black pipe grade (HPDE) is designed with V bottom floors, valves, and multiple noozle connections. Another key player, Rain for Rent International is focusing on providing tanks that can suffice the need for temporary liquid handling.
The end-user demand for temporary storage, heating, and mixing has increased due to different fuels. Thus, the company focuses on providing tanks that can easily be transported and can easily blend high density and high viscosity liquids.
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Mobile Liquid Tanks Market: Introduction
Mobile liquid tanks act as an ideal solution for industrial and commercial storage and transportation of liquids between any two facilities. Mobile liquid tanks are widely used for carrying chemicals as well as oil and gas products.
Mobile Liquid Tanks are advantageous for locations where land terrain, remote access, and economics offer great challenges for building new infrastructure for the storage and transportation of industrial liquids. Mobile liquid tanks are more efficient for temporary offsite locations where activities only last for a short period of time.
In the oil and gas sector, mobile liquid tanks play a huge role in the transportation of petroleum products between refineries, oil well sites, storage terminals, and retail outlets and also, for the transportation of chemicals to fracking well-site locations.
Key Trends Driving Demand for Mobile Liquid Tanks
With the ever-growing demand for energy all around the world, there is a high necessity for the transportation and distribution of chemicals, oils, and oil products. The increased demand from the extraction, refining, and processing of oil provides a significant market growth opportunity for mobile liquid tanks.
Fracking, oil extraction, and the distribution of products generate significant demand for mobile liquid tanks, which provide ease of access and flexibility in the transportation and storage of liquids.
Mobile liquid tanks are widely used in the transportation and storage of liquid oxygen and liquid nitrogen as well as for filling breathable oxygen converters for pilots in the aviation industry.
Mobile liquid tanks are also used for chemical and fuel transportation services across various industries such as agriculture, industrial automation, and chemicals. Given its wide applications, demand for mobile liquid tanks is expected to grow to greater heights over the forecast period.
Mobile liquid tanks made of High-Density Polyethylene (HDPE) are experiencing high demand owing to their lightweight, non-corrosive, and chemical resistance nature as well as high durability. HDPE mobile liquid tanks are also cost-effective with low maintenance costs as opposed to carbon or stainless steel mobile liquid tanks.
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Mobile Liquid Sales Across Key Regions
With the booming fracking industry in the U.S., the need for mobile liquid tanks has significantly increased for the on-site storage and transportation of fracking chemicals.
In Asia Pacific, growing economies such as China and India have increased exploration and production activities in conventional and Coal Bed Methane (CBM) assets to meet the ever-growing demand.
With India currently constructing the world’s largest refinery and exploring new oil and gas assets, the demand for mobile liquid tanks is expected to increase at a significant rate in the region.
Africa has great growth potential in aviation, industrial, oil and gas segments and is currently witnessing increased investments from China and other developing nations.
The region is expected to register steady growth in the mobile liquid tanks market by the end of the forecast period. Overall, global mobile liquid tanks is expected to grow at a significant rate during the forecast period.
Examples of some of the market participants in the global mobile liquid tanks market identified across the value chain include:
- C&E Plastics Inc.
- Air Liquide
- Rain for Rent International UK
- GEI Works
- GLI, Gaz Liquid Industrie
- Elkoplast CZ, s.r.o.
- Goavec Engineering
- Manitex Sabre Inc.
- Free Form Plastics
- CST Industries
An Adaptive Approach to Modern-day Research Needs
Brief Approach to Research
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.
Information and analysis on key market segments incorporated in the report have been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain.
Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed.
Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
On the basis of industry, key segments include
- Oil & Gas
On the basis of material, key segments are,
- Carbon Steel
- High-Density Polyethylene (HDPE)
- Stainless steel
On the basis of application, key segments are,
- Storage tanks
- Mixing tanks
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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