Global Plastic Overhead Tanks Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The plastic overhead tanks market has seen significant growth in recent years, driven by the increasing demand for water storage solutions across various sectors, including residential, industrial, and agricultural. These tanks, made from durable and lightweight plastic materials such as polyethylene, offer a cost-effective and reliable method for storing water in overhead installations. Unlike traditional metal tanks, plastic overhead tanks are resistant to corrosion, making them ideal for long-term use in diverse environments.
One of the key factors contributing to the rise of plastic overhead tanks is their versatility. They come in a wide range of sizes, shapes, and colors, providing flexibility for different installation requirements. The demand for eco-friendly and sustainable products has also led to the adoption of recyclable plastic materials in tank production, further driving market growth. Moreover, plastic tanks are often more affordable than their metal counterparts, making them an attractive option for consumers looking for budget-friendly solutions.
In terms of application, plastic overhead tanks are primarily used in urban and rural areas for potable water storage, rainwater harvesting, and even irrigation. The installation process is relatively simple, and the tanks are designed to withstand the harsh effects of weather, including UV degradation, ensuring longevity. With the growing trend of water conservation and self-sufficiency, the market for plastic overhead tanks is expected to expand further, with manufacturers focusing on improving design and enhancing storage capacity.
The global plastic overhead tanks market is also benefiting from technological advancements. Innovations such as smart water tanks equipped with sensors to monitor water levels and quality are becoming increasingly popular. These smart tanks can help optimize water usage, reduce waste, and provide users with real-time data on water consumption, making them particularly appealing to environmentally conscious consumers.
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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
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
Residential
Commercial
Industrial
Municipal
Based on Types the Market is categorized into Below types that held the largest Plastic Overhead Tanks market share In 2023.
<100L
100L-300L
>300L
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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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