Flexitanks Market Top Key Players with Forecasts Report 2026
The recent research, Flexitanks market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Flexitanks market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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Flexitanks are pipes with round hollow cross sections that do not have seams. They are generally factory-made using hot working steel. One of the advantages of the pipes is its growing preference. Flexitanks can sustain high pressure. Generally, in welded pipes, the points of welds are the weakest for sustaining pressure, in turn damaging the pressure resistance capability of the pipe. In contrast, seamless pipes are tougher and more pressure resistant.Key participants include
Flexitanks make it easy to calculate pressure ratings, as there is no need to be concerned about the quality of welding. These pipes are also thinner and lighter than welded pipes, thus making it more cost efficient. Growth in pharmaceutical and chemical & fertilizers industries are increasing their demand for Flexitanks. Flexitanks have high resistance to corrosive substances that are transported through it. Fluctuations in the price of crude oil is a restraining factor for the growth of the market.
Key participants include SIA Flexitanks, Bulk Liquid Solutions, Trust Flexitanks, Braid Logistics, Environmental Packaging Technologies, Proagri Solutions, Qingdao Global Flexitank Logistics, Hengxin Plastic, Trans Ocean Bulk Logistics, and Myflexitank, among others.
Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Singlelayer Flexitank
- Multilayer Flexitank
Loading Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Top Loading Flexitanks
- Bottom Loading Flexitanks
Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
- Food-Grade Liquids
- Non-Hazardous Chemicals/Liquids
- Pharmaceutical Liquids
- Others
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The report charts the future of the Flexitanks market for the forecast period, 2019 to 2026. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors.
Further key findings from the report suggest
- Singlelayer Flexitank dominated the market with 91.6% of the share in the year 2018 and is forecasted to grow with a higher CAGR of 19.1% during the forecast period. These type of tanks have increased carrying capacity as compared to multilayer flexitank and is also cost-efficient. Singlelayer flexitanks can carry all types of non-hazardous liquids and semi-solid products.
- Top loading flexitank is forecasted to grow with a CAGR of 18.0% during the forecast period. These type of flexitanks witness huge demand in Europe, for food-grade liquids and non-toxic chemicals transportation. There are difficulties in loading and unloading for the top loading flexitanks.
- Food-grade liquids are forecasted to hold a market share of 39.7% in the year 2018. The rise in export of food-stuff from several countries such as Mexico, Canada, Spain, Netherlands, India, Denmark, Brazil, and Singapore are propelling the demand for the market. Growing population and surge in demand for food is fueling the growth of the market.
- Europe is forecasted to grow with a CAGR of 19.2% during the forecast period. The growth in industrial and chemical industries in Germany and the U.K. has boosted the demand for the market. Flexitank is cost-effective and an effective mode of transportation which is anticipated to fuel the market demand.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/flexitanks-market
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