Dublin, Dec. 21, 2021 (GLOBE NEWSWIRE) -- The "ISO Tank Container Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global iso tank container market.
The report focuses on iso tank container market which is experiencing strong growth. The report gives a guide to the iso tank container market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for the iso tank container? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ISO Tank Container market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider iso tank container market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The iso tank container market section of the report gives context. It compares the iso tank container market with other segments of the iso tank container market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, iso tank container indicators comparison.
Major players in the iso tank container market are China International Marine Containers Co. Ltd, Nantong Tank Container CO. Ltd., CXIC Group Containers Company Limited, Singamas Container, Welfit Oddy, Danteco Industries BV, Bewellcn Shanghai, Chart Industries Inc., Corban Energy Group, Cryeng Group, Furuise, Intermodal Tank Transport., M1 Engineering, Quantum Technologies Group Inc., and Rootselaar Group.
The main types of containers in ISO tank containers are dry container, thermal and refrigerated container, tank container, open-top container, insulated container, flat rack container, and others. Thermal and refrigerated containers are temperature-controlled transportation containers that maintain a constant low temperature. They are only used to transport perishable goods such as fruits and vegetables over vast distances. The different modes of transportation include road, rail, marine and are used to transport chemicals, petrochemicals, food and beverage, pharmaceuticals, industrial gas, others.
The global ISO tank container market is expected to grow from $0.91 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.46 billion in 2025 at a CAGR of 10%.
The ISO tank container market consists of sales of tank containers by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing intermodal ISO tank containers for transporting liquid products. The ISO tank container is designed and manufactured as per the guidelines defined by the International Organization of Standardization (ISO). The ISO tank containers are suitable for different modes of transportation and can transport both hazardous and non-hazardous products.
Europe was the largest region in the ISO tank container market in 2020. North America was the second-largest region in the ISO tank container market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing petrochemical industry is expected to propel the growth of the ISO tank containers market in the forecast period. The ISO tank containers are used for transporting hazardous petrochemicals as they are made up of stainless steel and are surrounded by various types of protective layers that provide resistance to the corrosive effects of the petrochemicals. For instance, according to the TBRC report, the global petrochemicals market is expected to grow from $365.01 billion in 2020 to $429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%.
Additionally, according to the International Energy Agency, petrochemicals are expected to account for about 50% of the growth in global oil demand between 2030 and 2050, contributing nearly 7 million barrels of oil. The ISO tank containers leave almost less than 50% of the carbon footprint and hence they are majorly used to ship chemicals by petrochemical industries. Therefore, the growth of the petrochemical industry drives the growth of the ISO tank containers market.
Usage of the internet of things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things (IoT) is a system of internet-connected objects that can collect and transfer data over a wireless network without human intervention. Many companies operating in the ISO tank container sector are increasingly partnering with companies offering IoT software. For instance, in July 2021, Arkema, a France-based chemicals company collaborated with Nexxiot a Swiss company offering digital logistics solutions. This collaboration seeks to digitize Arkema's ISO tank (tank container) and rail freight wagon fleets, utilizing Nexxiot's IoT devices and intelligent cloud platform to help Arkema clients achieve end-to-end visibility, increase quality standards, and improve the overall service experience.
Key Topics Covered:
1. Executive Summary
2. ISO Tank Container Market Characteristics
3. ISO Tank Container Market Trends and Strategies
4. Impact Of COVID-19 On ISO Tank Container
5. ISO Tank Container Market Size and Growth
5.1. Global ISO Tank Container Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global ISO Tank Container Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. ISO Tank Container Market Segmentation
6.1. Global ISO Tank Container Market, Segmentation by Container Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Dry Container
- Thermal and Refrigerated Container
- Tank Container
- Open Top Container
- Insulated Container
- Flat Rack Container
- Others
6.2. Global ISO Tank Container Market, Segmentation by Transport Mode, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Road
- Rail
- Marine
6.3. Global ISO Tank Container Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Chemicals
- Petrochemicals
- Food and Beverage
- Pharmaceuticals
- Industrial Gas
- Others
7. ISO Tank Container Market Regional and Country Analysis
7.1. Global ISO Tank Container Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global ISO Tank Container Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/co3d5c
