Global Water Tank Market | Industry Capacity, Production and Share by Manufacturers (2017-2022)
Global
Water Tank Market is expected to rise at a significant CAGR in the prescribed period.
Water tanks are made up of polypropylene or polyethylene materials and are
convenient storage tanks. They take less floor space than their counterpart
cement tanks. Plastic tanks are flexible as compared to traditional storage
tanks. A matter of consideration is polymers are used to heat pigments that
manufacture these tanks but those do not react adversely with water and should
be heeded.
Plastic
water storage tanks are placed in domestic, commercial and industrial spaces to
store water and various applications need storage for fire suppression
reserves, agriculture and irrigation, chemical manufacturing, food processing
and waste management. Modernization and real estate investment with more water
being used up for consumption in domestic, industrial and commercial
applications is expected to drive growth of storage water tanks market. The
population explosion and large-scale construction activities are expected to
amass high growth in storage water tank market.
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Plastic
water storage tanks have their share of disadvantages. They are massive and are
cumbersome. So, transportation becomes an issue. Another disadvantage is that
they do not withstand extreme temperatures and hence northern hemispheres
regions are rather reactive. Plastic storage systems have other benefits over
additional storage systems and they are thermal insulation, UV rays protection,
algae formation protection, rust proofing, virgin plastics, multi-layer,
leak-proofing adding to the attraction.
Based
on type, plastic water storage systems include polyethylene, fiberglass and
others. Based on plastic, plastic water storage tank market include virgin and
recycled. Based on shape, they are segmented into cylindrical, rectangular and
others. Based on size, plastic water storage systems can be differentiated into
small (<5000 ltrs), medium (1000-5000 ltrs), large (>5000 ltrs). Key
manufacturers include Sintex Industrie Ltd., Niplast storage tanks, American
Tank Company, Inc., Protank, GHP Manufacturing, pty ltd., Karplas Composite
Fiberglass CO., Emilana Serbitol S.r.l, CotterilCivils Ltd., Carbey Plastics
Ltd., and Nova Plastics Industires LLC.
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