Plastic Water Storage Tank Market is expected to reach $1.3 Billion by 2025 – An exclusive market research report by Lucintel
Lucintel’s latest market report analyzed that plastic water storage tank provides attractive opportunities in the sectors of residential, commercial, industrial, and municipal. The plastic water storage tank market is expected to reach $1.3 billion by 2025 with a CAGR of 3.2%. In this market, polyethylene is the largest segment by polymer, whereas residential is largest by end use. The increasing demand for four layered water storage tanks for protection from bacteria and fungus provides strategic growth path in this market.
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Based on polymer, the plastic water storage tank market is segmented into polyethylene, and PVC, and others. The polyethylene segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period because it is exceptionally durable, light weight, and cost effective.
Browse in-depth TOC on “Plastic Water Storage Tank Market”
116 – Tables
168 – Figures
229 – Pages
The plastic water storage tank market is marked by the presence of several big and small players. Some of the prominent players offering plastic water storage tank include Sintex, Niplast, Plastic Proget European, Enduramaxx, Cotteril Civil, American Tank, Protank, Nova Plastic Industry, GHP Manufacturing, and Protank and others.
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