Market.us announces publication of its most recently generated research report titled, “Global Tank Container Market by Type (Reefer/Heated Tank Container, Super-insulted Tank Container, Swap Body Tank Container, Common Tank Container), By Application (Chemical Industry, Food and Beverage Industry, Energy Industry, Others ), and by Region – Global Forecast to 2029”, which offers a holistic view of the global tank container market through systematic segmentation that covers every aspect of the target market.

The global tank container market is projected to be US$ 1,535.0 Mn in 2019 to reach US$ 3,643.5 Mn by 2029 at a CAGR of 9.1%.

A tank container is a stainless steel container surrounded by insulation and a protective layer of generally polyurethane and aluminum. The ship is in the middle of a steel structure. The structure is made to ISO standards and is 6.05 meters long, 2.40 meters, or 2.55 meters in width. Height. The substances inside the tank range from 4,600 to 6,900 US gallons. There are smaller and larger tanks that generally have a different size from standard ISO sizes. Operators and leasing companies own most tank containers.

Tank containers built to carry hazardous cargo must meet a variety of regulations, including, but not limited to, IMDG, ADR-RID-US DOT, and others. There are several types of UN portable tanks, the most common being the T11, as it is allowed to carry a thousand or more hazardous chemicals in bulk. Containers can withstand pressure and temperature variations. Tanks can be stacked, which increases ease of handling and storage. ISO tank containers are environmentally friendly. It has a long service life and leaves a carbon footprint of almost 50% lower than that of an equivalent battery shipment on specific long-haul routes.

The tank container is used in a wide range of applications, including food transportation, chemicals, gases, bulk material, etc. It also offers the ideal solution for combined road/rail transport. Their various models of trading tanks are a familiar sight, and the market for these tanks is still growing. For the transportation of food containers, tanks are manufactured according to specific demands, such as beer and chocolate transportation. Many large tank container manufacturers build double-sided containers for the transport of cryogenic gases. These gases are transported at a temperature that can be as low as -200 °. The 20,000-gallon 20-foot container can be attached to a thermos with the vacuum between the inner and outer tank, creating a very high level of insulation and absorbing any expansion or contraction of the steel. For the combined transport of powders and granules, there are cylindrical containers and pressure boxes.

Global Tank Container Market Revenue (US$ Mn), 2019–2029 

One of the significant factors that are driving the target market is its versatility. Many products that were previously shipped exclusively in chemical drums or tankers are now commonly shipped in containers. For operators and lessors, tank containers offer a valuable platform for transporting various types of chemicals onshore or offshore. This versatility will lead to higher profit margins for carriers and suppliers. However, a rising number of accidents while loading or unloading, in transit, or changes in temperature and pressure inside the vessel can hamper the shell, and that can act as the restraining factor of the global market. The most common injury to a tank liner is chipping or breaking while working around the tank with tools and extensive pipe connections. Any metal exposed to corrosives will break a little at a time. If the protective coating is broken, corrosion of the exposed metal may break the bond of the layer to the surrounding exposed metal.

Nonetheless, chemicals and other materials can be extracted in a reasonable quantity while cleaning the transport tanks. Recycling of these chemicals and other substances can be a potential opportunity for the growth of the market. It will reduce waste and save the costing of the manufacturers of these materials.

The global tank container market is segmented on the basis of type, application, and region. Based on type, the market is segmented into reefer/heated tank container, super-insulted tank container, swap body tank container, common tank container. The common tank container segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by swap body tank container segment. Based on application, the market is segmented chemical industry, food and beverage industry, energy industry, others. The chemical industry segment accounts for a majority share in the global tank container market.

Global Tank Container Market Revenue (US$ Mn) Market Share by Type in 2019

Based on region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. The Asia Pacific accounts for the majority share in the global Tank Container market, growing research & development activities related to manufacturing & modification of tank containers. The Asia Pacific is expected to register the highest growth rate over the forecast period. Regions such as Europe, South America, and MEA are expected to register stable growth over the forecast period.

The research report on the global Tank Container market includes profiles of some of the major companies such as CIMC Enric Holding Limited, Welfit Oddy (Pty) Ltd., UBH International, SureTank Group Ltd, Singamas Container Holdings Limited, Van Hool, Nantong Tank Container Co., Ltd., CXIC Group Containers Company Limited, Theilmann, and Danteco Industries B.V.

Key Market Segments:

Type

• Reefer/Heated tank container
• Super - insulted tank container
• Swap body tank container
• Common tank container

Application

• Chemical Industry
• Food and Berage Industry
• Energy Industry

Key Market Players included in the report:

• CIMC Enric Holding Limited
• Welfit Oddy (Pty) Ltd.
• UBH International
• SureTank Group Ltd
• Singamas Container Holdings Limited
• Van Hool
• Nantong Tank Container Co.Ltd.
• CXIC Group Containers Company Limited
• Theilmann
• Danteco Industries B.V

For the Tank Container Market research study, the following years have been considered to estimate the market size: