Water Tank Market by Production, Import, Export and Consumption Forecast & Regional Analysis by 2017-2022

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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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