Us Plastic Overhead Tanks Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Plastic Overhead Tanks Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Plastic Overhead Tanks Market has seen significant growth in recent years, driven by the increasing demand for water storage solutions, especially in residential and industrial sectors. These tanks are designed to be placed above ground, providing an efficient way to store large volumes of water for various uses. Plastic overhead tanks have become a preferred choice due to their lightweight nature, durability, and ease of installation compared to traditional metal tanks.
With the growing concerns about water scarcity and the need for sustainable water storage options, plastic overhead tanks are gaining momentum. The market is fueled by factors such as rising population, urbanization, and the expanding need for water conservation systems. According to recent statistics, the market for plastic overhead tanks in the US is projected to experience a compound annual growth rate (CAGR) of over 5% during the forecast period.
These tanks are typically made from polyethylene or polypropylene materials, which are known for their high resistance to corrosion and UV degradation. This makes them ideal for outdoor use where exposure to harsh weather conditions is inevitable. Furthermore, the versatility of plastic overhead tanks is unmatched, as they can be used for storing both potable water and non-potable water for agricultural or industrial applications.
The demand for plastic overhead tanks is not limited to just households but extends to industries like agriculture, manufacturing, and construction. In agriculture, they are used for rainwater harvesting and irrigation purposes, while industries rely on them for storing chemicals, water, and other fluids. Additionally, these tanks are becoming a popular choice for residential water storage, especially in areas with inconsistent water supply or those located in water-scarce regions.
The US plastic overhead tanks market faces competition from other storage solutions, such as concrete and steel tanks. However, the advantages of plastic tanks, including affordability, ease of installation, and low maintenance requirements, make them a top choice for many consumers. Furthermore, plastic overhead tanks are available in a range of sizes and configurations, making them suitable for a variety of applications.
As technology advances, manufacturers are incorporating innovative features into plastic overhead tanks, such as UV-resistant coatings, enhanced insulation, and improved structural integrity. This is further driving market growth and enhancing the appeal of plastic overhead tanks among consumers. In parallel, environmental concerns are encouraging the development of eco-friendly plastic materials, ensuring that the market remains sustainable in the long run.
In conclusion, the US Plastic Overhead Tanks Market is experiencing steady growth driven by the increasing need for water storage solutions across various sectors. With continued technological advancements and a shift toward more sustainable practices, plastic overhead tanks are expected to play a crucial role in addressing the challenges of water scarcity and storage in the future. The growth of this market is further fueled by a rising demand for flexible, durable, and cost-effective water storage solutions.
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CST Industries
Pipeco Tanks
ZCL Composites
Inc.
Beltenco Corporation
Synalloy Corporation
Sintex Plastics Technology Limited
AG Growth International
Contain Enviro Services
Grupo Rotoplas
McDermott International
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Overhead Tanks Market
Polyethylene (PE)
Polypropylene (PP)
Fiberglass Reinforced Plastic (FRP)
Polyvinyl Chloride (PVC)
Up to 500 Liters
500 to 1000 Liters
1000 to 3000 Liters
3000 Liters and Above
Residential
Commercial
Agricultural
Industrial
Municipal
Square Tanks
Round Tanks
Vertical Tanks
Horizontal Tanks
Households
Agricultural Farmers
Construction Industry
Manufacturing Plants
Public Sector Organizations
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Overhead Tanks Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Overhead Tanks Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Overhead Tanks Market, By Type
6. Global Plastic Overhead Tanks Market, By Application
7. Global Plastic Overhead Tanks Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Overhead Tanks Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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