By Type (?30 ft and >30 ft), By Applications (Marine Transportation and Land Transportation), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
ISO Tank Container Market Summary:
An ISO tanks are the tank container which are certified by the international organization for standardization (ISO). These tanks are designed to transport liquids in bulk especially for hazardous liquid. ISO tank are surrounded by various types of protective layers and made by stainless steel. The rise of containerization takes revolutionized and expanded the modern globalized intermodal transport systems such factor driving the target market growth. For instance, according to UNCTAD evaluations the Containerized trade accounted for 17.1% of total seaborne trade in 2017. In addition, growing transportation of chemical and dangerous goods is boosting the target market growth. For instance, according to United Nations statistics 50 per cent of transported goods are dangerous. Moreover, availability of alternative tank restrains the market growth....Read More
Key Highlights:
- In February 2019, Praxair Inc., announced it will expand production capacity at its Neosho, Missouri air separation plant.
Key Market Insights from the report:
The global ISO tank container market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of type, application, and region.
- By type, the global ISO tank container market is segmented into <30 ft. and >30 ft.
- By application, the global ISO tank container market is categorized into marine transportation and land transportation.
- By region, North America is the leading target market with 76.5% of market share in the year 2019. The United States is majorly driving the target market in North America owing to the high utilization of ISO Tank Containers in the region.
The prominent player operating in the global ISO tank container market includes CIMC Container Holdings Co., Ltd., NT International, Welfit Oddy Industries Pty Ltd., Singamas Container Holdings Limited company, CXIC Group Containers Co. Ltd., Hexagon Composites ASA Luxfer Group Ltd., Quantum Technologies Group, Inc., Everest Kanto Cylinders Ltd., Praxair Technologies, Inc., and Faber Industries S.p.A
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