The new report by Expert Market Research titled, ‘Global ISO Tank Container Market Size Report and Forecast 2021-2026’, gives an in-depth analysis of the global ISO tank container market, assessing the market based on its segments like transport mode, container type, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 9%
The growth of the ISO tank container industry is propelled by the increasing seaborne trade relations between many countries. Enhancements in the product providing less waste and less leakage is invigorating the market growth.
In addition, the rising emphasis on investment by key players in oligopolistic market, is predicted to positively influence the market growth of ISO tank container industry. The rising demand for various ranges and sizes of storage containers is predicted to bolster the market growth over the forecast period.
Industry Definition and Major Segments
ISO tank containers are intermodal tanks used for storage and transportation in bulk of gases and liquids. Their attributes such as strength, durability, and the ability to withstand extreme temperatures make them ideal for transportation and storage from country to country.
The International Organization of Standardization (ISO) lay down guidelines that have to be strictly followed to make these containers, due to which countries find it desirable to use ISO tank containers for trading.
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Based on transport mode, the market is divided into:
- Road
- Rail
- Marine
Based on container type, the market is segmented into:
- Dry Container
- Thermal and Refrigerated Container
- Tank Container
- Open Top Container
- Insulated Container
- Flat Rack Container
- Others
Based on application, the market is categorised into:
- Chemicals
- Petrochemicals
- Food and Beverage
- Pharmaceuticals
- Industrial Gas
- Others
The regional markets for the product include:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The growing awareness among the global population about the benefits of oligopolistic products is expected to aid the market growth of ISO tank container. The rising seaborne communication between developing nations is expected to bolster the market growth over the forecast period.
Furthermore, the growing emphasis on investment in the product enhancement in terms of storage capacity and internal temperature control is also expected to aid the market growth of ISO tank container.
Key Market Players
The major players in the market are Stolt-Nielson Limited, Hoyer GmbH, Bertschi AG, Bulkhaul Ltd., and Danteco Industries BV, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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