Global Storage Tank Industry Set for Robust Growth, Valued at USD...

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2025-05-22 14:46:56 -

Global Storage Tank Industry Set for Robust Growth, Valued at USD 23.1 Billion in 2022

The global storage tank market was valued at USD 23.1 billion in 2022 and is projected to reach USD 41.8 billion by 2031, expanding at a CAGR of 6.9% from 2023 to 2031. This growth is driven by increasing demand for oil and gas storage, water management solutions, and chemical containment across various industries, alongside rising infrastructure development and industrialization worldwide....

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