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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global ISO Tank Container Market Size
The global ISO tank container market is projected to grow at a CAGR of 7.2% in the forecast period of 2024-2032, driven by the continuous expansion of the seaborne trade in these containers, making them safer and faster to transport.
Key Takeaways
- Organic chemicals production in India rose by 4.52% in August 2023, compared to the same period in 2022, indicating growth.
- Import TEUs landing in Western Canada plummeted by 68,000 TEUs in Q3 2023 compared to the previous year, attributed to decreased imports and container imbalances.
- India's chemical consumption is expected to increase by 20%, at a global level, in the next 20 years.
ISO tank containers, also referred to as intermodal tank containers, are used for the transportation of liquid or gases in bulk. The ISO tank container is designed and manufactured according to the guidelines outlined by the International Organisation of Standardisation (ISO). The standards ensure structural integrity and durability as well as survivability in extreme temperatures and conditions, thus, providing a beneficial mode of transport for commodities.
The ISO tank container market growth is related to the rising international trade, especially in the chemicals, gases, and food industries. This is likely to create a surge in demand for efficient, safe, and cost-effective transportation methods. ISO tank containers, offering a standardised solution for shipping liquids in bulk, are increasingly preferred over traditional drums and barrels. This transparency appeals to consumers looking for products with recognisable, whole-food ingredients.
ISO Tank Container Market Report Snapshots
ISO Tank Container Market Size
ISO Tank Container Market Trends
ISO Tank Container Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The major drivers of the market are the rising usage of petrochemicals in various end-use sectors, the rising demand for ISO tank containers in developing countries, and the high corrosion resistance and strength offered by ISO tank containers.
The expanding maritime trading, the increasing manufacturing of ISO tank containers, and the capacity and durability offered by ISO tank containers are the key trends guiding the market growth.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications of ISO tank containers include chemicals, petrochemicals, food and beverage, pharmaceuticals, and industrial gas, among others.
The various transport modes of ISO tank containers are road, rail, and marine.
An ISO container refers to a standardised intermodal freight container designed and built in accordance with the specifications set by the International Organization for Standardization (ISO).
The major players in the market are Stolt-Nielsen Limited, HOYER GmbH, Bertschi AG, Bulkhaul Ltd., and Danteco Industries BV, among others.
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