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Lined Tanks Market Size, Growth, Industry & Revenue | 2031

Lined Tanks Market

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Segments - by Tank Type (Fixed Storage, ISO Containers, and Truck Trailers), Lining Material (Ultrahigh Purity PTFE, Modified PTFE, Perfluoroalkoxy, and Fluorinated Ethylene Propylene), End-user (Semiconductors, Chemicals, Food & Beverages, Water Beverage, Pharmaceuticals, Oil & Gas, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Aamir Ansari

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Editor :

Swapnil Hedau

Report Description

The global lined tanks market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. Increase in several industries such as oil & gas, chemicals, and water storage is likely to boost the market.

Lined tanks are storage tanks that have an additional layer or lining on the interior of the tank to protect the stored material from corrosion and contamination. The lining material can vary depending on the type of material being stored and can include materials such as rubber, epoxy, or fiberglass.

Lined tanks are commonly used in industries such as chemical processing, oil & gas, and water treatment, where the stored materials are corrosive or reactive to the tank material. The lining helps to protect the tank from damage, extending its lifespan and ensuring the safety of the stored material.

In addition to protecting the stored material, the lining also helps to maintain the quality of the material by preventing contamination and ensuring that it remains free from impurities. Overall, lined tanks are an important component of many industrial processes, providing a safe and effective means of storing a wide range of materials.

The market report finds that the COVID-19 pandemic has propelled the market, due to the increased emphasis on sanitization and hygiene in cities. Sanitization of public areas and tunnels in government hospitals & offices becomes imperative, which is expected to boost the demand for tanks in the market.

Lined Tanks Market Dynamics

Major Drivers:

Increasing demand for oil & gas is expected to drive the lined tanks market. The US is the major producer of oil & gas. United States Strategic Petroleum Reserve (SPR) is the world’s largest supplier of emergency crude oil, where the crude oil is stored. Moreover, increasing investment in the oil & gas sector to help the production of oil & gas has increased significantly, which, in turn, it has led to an increasing need for oil storage tanks. Moreover, increasing need for petroleum is further expected to boost the market.

Restraints:

Restriction on the tank fabric and the danger of the stored product, which is getting contaminated is expected to restrain the market.

Opportunities:

Increasing development of LNG regasification & liquefaction and the rise in the LNG trade is expected to create lucrative opportunities for the market players. Increasing research & development (R&D) in new lining technologies for oil & gas applications and offering better chemical storage in oil & gas is expected to create lucrative opportunities in the market.

Scope of the Lined Tanks Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Lined Tanks Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Tank Type (Fixed Storage, ISO Containers, and Truck Trailers), Lining Material (Ultrahigh Purity PTFE, Modified PTFE, Perfluoroalkoxy, and Fluorinated Ethylene Propylene), and End-user (Semiconductors, Chemicals, Food & Beverages, Water Beverage, Pharmaceuticals, Oil & Gas, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	TMI Coatings, Inc; Thermo Fisher Scientific Inc.; The Chemours Company; Praxair S.T. Technology, Inc.; Pfaudler; Moon Fabricating Corporation; G.C. Zarnas & Co., Inc.; Flexi-Liner; Electro Chemical Engineering & Manufacturing Co; CG Thermal; and AmTech Tank Lining & Repair

Lined Tanks Market Segment Insights

Based on tank type, the lined tanks market is divided into fixed storage, ISO containers, and truck trailers. The fixed storage segment is expected to expand at a significant pace during the projection period. It is a type of storage tank that is used to store liquids are as follows external floating roof tanks, fixed-roof tanks, and internal floating roof tanks. It is consisting of a cone-shaped or dome-shaped roof that is permanently fixed to a cylindrical shell.

On the basis of lining material, the global market is segregated into ultrahigh purity PTFE, modified PTFE, perfluoroalkoxy, and fluorinated ethylene propylene. The modified PTFE segment is projected to register a considerable CAGR during the forecast period. It is a chemically modified form of polytetrafluoroethylene (PTFE). Modified PTFE has a lesser molecular weight as compared to PTFE, which means particles fuse better. It is often used in sealing solutions.

Based on end-user, the lined tanks market is segmented into semiconductors, chemicals, food & beverages, water beverage, pharmaceuticals, oil & gas, and others. The oil & gas segment is expected to register a robust growth rate during the forecast period. Storage tanks are used to store the oil & gas for the bulk containment of fluids. Several companies store oil & gas when the prices are low and extract it when the prices are high. Several types of tanks are used in oil & gas such as open-top tanks, fixed-roof tanks, external floating roof tanks, and internal floating roof tanks.

In terms of region, the global lined tanks market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the increasing demand for oil & gas, chemicals, and petroleum products. Growing demand for petroleum and the incidence of major key players is expected to fuel the market in the region.

Segments

The global lined tanks market has been segmented on the basis of

Tank Type

Fixed Storage
ISO Containers
Truck Trailers

Lining Material

Ultrahigh Purity PTFE
Modified PTFE
Perfluoroalkoxy
Fluorinated Ethylene Propylene

End-user

Semiconductors
Chemicals
Food & Beverages
Water Beverage
Pharmaceuticals
Oil & Gas
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

TMI Coatings, Inc
Thermo Fisher Scientific Inc.
The Chemours Company
Praxair S.T. Technology, Inc.
Pfaudler
Moon Fabricating Corporation
G.C. Zarnas & Co., Inc.
Flexi-Liner
Electro Chemical Engineering & Manufacturing Co
CG Thermal
AmTech Tank Lining & Repair

Competitive Landscape

Key players competing in the global lined tanks market are TMI Coatings, Inc; Thermo Fisher Scientific Inc.; The Chemours Company; Praxair S.T. Technology, Inc.; Pfaudler; Moon Fabricating Corporation; G.C. Zarnas & Co., Inc.; Flexi-Liner; Electro Chemical Engineering & Manufacturing Co; CG Thermal; and AmTech Tank Lining & Repair

These players engage in strategies including mergers, product launches, collaboration, partnerships, acquisitions, and production expansion to expand their consumer base worldwide.

In February 2023, Pfaudler acquires Mixel France SAS, a French company that specializes in the design and manufacture of a standard and tailor-made system for industrial processes.
In March 2020, Praxair S.T. Technology, Inc signed an agreement with Siemens to strengthen their continuous relationship. This new agreement covers the coating services across all Siemens products.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lined Tanks Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Lined Tanks Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Lined Tanks Market - Supply Chain
  4.5. Global Lined Tanks Market Forecast
     4.5.1. Lined Tanks Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Lined Tanks Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Lined Tanks Market Absolute $ Opportunity
5. Global Lined Tanks Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Lined Tanks Market Size and Volume Forecast by End Users
     5.3.1. Semiconductors
     5.3.2. Chemicals
     5.3.3. Food & Beverages
     5.3.4. Water Beverage
     5.3.5. Pharmaceuticals
     5.3.6. Oil & Gas
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Lined Tanks Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Lined Tanks Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Lined Tanks Demand Share Forecast, 2019-2026
7. North America Lined Tanks Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Lined Tanks Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Lined Tanks Market Size and Volume Forecast by End Users
     7.4.1. Semiconductors
     7.4.2. Chemicals
     7.4.3. Food & Beverages
     7.4.4. Water Beverage
     7.4.5. Pharmaceuticals
     7.4.6. Oil & Gas
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Lined Tanks Demand Share Forecast, 2019-2026
8. Latin America Lined Tanks Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Lined Tanks Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Lined Tanks Market Size and Volume Forecast by End Users
     8.4.1. Semiconductors
     8.4.2. Chemicals
     8.4.3. Food & Beverages
     8.4.4. Water Beverage
     8.4.5. Pharmaceuticals
     8.4.6. Oil & Gas
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Lined Tanks Demand Share Forecast, 2019-2026
9. Europe Lined Tanks Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Lined Tanks Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Lined Tanks Market Size and Volume Forecast by End Users
     9.4.1. Semiconductors
     9.4.2. Chemicals
     9.4.3. Food & Beverages
     9.4.4. Water Beverage
     9.4.5. Pharmaceuticals
     9.4.6. Oil & Gas
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Lined Tanks Demand Share Forecast, 2019-2026
10. Asia Pacific Lined Tanks Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Lined Tanks Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Lined Tanks Market Size and Volume Forecast by End Users
     10.4.1. Semiconductors
     10.4.2. Chemicals
     10.4.3. Food & Beverages
     10.4.4. Water Beverage
     10.4.5. Pharmaceuticals
     10.4.6. Oil & Gas
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Lined Tanks Demand Share Forecast, 2019-2026
11. Middle East & Africa Lined Tanks Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Lined Tanks Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Lined Tanks Market Size and Volume Forecast by End Users
     11.4.1. Semiconductors
     11.4.2. Chemicals
     11.4.3. Food & Beverages
     11.4.4. Water Beverage
     11.4.5. Pharmaceuticals
     11.4.6. Oil & Gas
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Lined Tanks Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Lined Tanks Market: Market Share Analysis
  12.2. Lined Tanks Distributors and Customers
  12.3. Lined Tanks Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. TMI Coatings, Inc
     12.4.2. Thermo Fisher Scientific Inc.
     12.4.3. The Chemours Company
     12.4.4. Praxair S.T. Technology, Inc.
     12.4.5. Pfaudler
     12.4.6. Moon Fabricating Corporation
     12.4.7. G.C. Zarnas & Co., Inc.
     12.4.8. Flexi-Liner
     12.4.9. Electro Chemical Engineering & Manufacturing Co
     12.4.10. CG Thermal
     12.4.11. AmTech Tank Lining & Repair

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