Lined Tank Market Size 2021 Industry Insights by Global Share, Top Key Players, COVID-19 Impact

 U.S. Lined Tank Market: Introduction

Transparency Market Research delivers key insights on the lined tank market in the U.S. In terms of revenue, the lined tank market in the U.S. is estimated to expand at a CAGR of 4.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the lined tank market in the U.S.

Growth in production and demand for oil & gas are expected to be the primary driver of the expansion of the lined tank market in the U.S. The demand for lined tanks is likely to increase significantly in the U.S. in the near future, as lined tanks provide vital storage for oil, gas, food and beverages, and chemicals. This is projected to drive the lined tank market in the U.S. during the forecast period.

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U.S. Lined Tank Market: Key Players

The lined tank market in the U.S. is consolidated with the presence of various key players. Prominent players operating in the lined tank market in the U.S. include Praxair S.T. Technology, Inc., Electro Chemical Engineering & Manufacturing Co., FISHER COMPANY, Pfaudler Group, CG Thermal, ASTON FLUOROTECH CORP, Chemours Company FC, US Coatings, Moon Fabricating Corporation, TMI Coatings Inc., AmTech Tank Lining & Tank Repair, Flexi-Liner Corporation, and G.C. Zarnas, Inc.

U.S. Lined Tank Market: Dynamics

Lined tank is a container designed and built as per the International Organization for Standardization (ISO) norms. It provides a sturdy, safe, and user-friendly mode of loading, carriage, transportation, shipping, and discharge of different-grade chemicals adhering to the international norms and regulations of safety.

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The increase in bulk foreign trade of chemicals, food additives, and liquids is boosting the demand for corrosion resistant coated tanks. Manufacturers of lined tanks are moving from epoxy coatings to fluoropolymer coatings, due to the latter’s favorable properties such as corrosion resistance and high thermal stability, especially in the transportation of specialty chemicals.

Thus, increase in international trade is anticipated to boost the demand for lined tanks for transportation of chemicals in North America. Manufacturers of lined tanks are focusing on the oil & gas industry, as the share held by the end use segment of the lined tank market in the U.S. is projected to increase during the forecast period.

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U.S. Lined Tank Market: Segmentation

Lined Tank Market, by End Use

·         Semiconductors

·         Water Storage

·         Chemicals

·         Oil & Gas

·         Food & Beverages

·         Pharmaceuticals

·         Others (Specialty Chemicals)