Global ISO tank container market is supposed to reach $1.58bn by 2025
An ISO Tank Container is built to the ISO standards, making it suitable for different modes of transportation. Both hazardous and non-hazardous products can be transported in tank containers. For industry structure analysis, the ISO Tank Container industry is very concentrated.
These manufacturers range from large multinational corporations to smaller privately owned companies compete in this industry. The top five producers account for about 94.51 percent of the revenue market, according to QY Research. Regionally, China is the biggest production value area of valves, also the leader in the whole ISO Tank Container industry.
China occupied 85.55 percent of the production market in 2017. It is followed by South Africa which accounted for around 11.17 percent of the global total industry. Other countries have a smaller amount of production. Geographically, Europe was the largest consumption market in the world, which took about 27.93 percent of the global consumption volume in 2017. For price trend analysis, a key variable in the performance of ISO Tank Container producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The company forecasts that global ISO Tank Container revenue would keep increasing with annual an growth rate of 6~13 percent. “We tend to believe that this industry still has a good future, considering the current demand of ISO Tank Container,” QY Research stated.
It values the global ISO Tank Container market at $790m in 2018 and expects it to reach $1580m by the end of 2025, growing at a CAGR of 9.0 percent during 2019-2025.
The report focuses on ISO Tank Container volume and value at global level, regional level and company level. From a global perspective, this report represents overall ISO Tank Container market size by analysing historical data and future prospect. Regionally, the report focuses on several key regions: North America, Europe, China and Japan.
For more information visit https://www.qyresearch.com/sample-form/form/960439/global-iso-tank-container-trends-and-forecast
27th February 2019