Fixed-Roof and Floating Roof AST Market: Comprehensive Assessment by Type, Application, and Geography

The "Fixed-Roof and Floating Roof AST Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Fixed-Roof and Floating Roof AST market is expected to grow annually by 4.2% (CAGR 2024 - 2031).

This entire report is of 113 pages.

Fixed-Roof and Floating Roof AST Introduction and its Market Analysis

The Fixed-Roof and Floating Roof AST market research report provides insights into the industry's market conditions, focusing on the demand for storage tanks in various industries. Fixed-Roof and Floating Roof AST are types of storage tanks used for storing liquids or gases. The target market includes industries such as oil and gas, chemical, water treatment, and others. Major factors driving revenue growth in the market include increasing industrial activities, rising demand for energy, and strict environmental regulations. Companies operating in the market include CST Industries, McDermott, CIMC, and others.

The main findings of the report indicate a growing demand for storage tanks driven by industrial expansion and environmental compliance. Recommendations include investing in research and development to offer innovative storage solutions to meet industry needs.

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The global Aboveground Storage Tank (AST) market is segmented into two types: Fixed-Roof and Floating Roof tanks. These tanks are widely used in industries such as Oil & Gas, Chemical Industry, and Water & Wastewater for storing liquids. The Fixed-Roof tanks are cost-effective and have a simple design, while Floating Roof tanks provide additional protection against evaporation and air pollution.

Regulatory and legal factors play a crucial role in the AST market conditions. Government regulations regarding safety standards, environmental protection, and storage capacity requirements can impact the market demand. Companies operating in this market need to comply with stringent regulations to ensure the safety of their operations and prevent any environmental hazards. Therefore, it is essential for businesses to stay informed about the regulatory changes and adapt their practices accordingly to maintain compliance and drive growth in the AST market.

Top Featured Companies Dominating the Global Fixed-Roof and Floating Roof AST Market

The fixed-roof and floating roof aboveground storage tank (AST) market is highly competitive with several key players dominating the industry. CST Industries, McDermott, CIMC, Toyo Kanetsu, ISHII IRON WORKS, PermianLide, Altard, Fox Tank, Polymaster, Highland Tank, General Industries, Pfaudler, MEKRO, and Tank Connection are some of the prominent companies operating in this market.

These companies play a crucial role in the storage and containment of liquids such as oil, water, chemicals, and other liquids in various industries including oil & gas, chemical, water treatment, and others. They offer a wide range of products and services including fixed-roof and floating roof tanks, installation, maintenance, and repair services.

These companies contribute to the growth of the fixed-roof and floating roof AST market by providing high-quality, reliable, and customized storage solutions that meet the specific needs of their clients. They also invest in research and development to innovate new technologies and designs that improve the efficiency, safety, and longevity of their tanks.

The sales revenue of these companies varies based on their market presence, product offerings, and client base. For example, CST Industries reported annual sales revenue of approximately $800 million, McDermott reported revenue of over $6 billion, and Tank Connection reported revenue of around $100 million.

Overall, these companies play a vital role in the fixed-roof and floating roof AST market by providing essential storage solutions for various industries and driving innovation and growth in the industry.

• CST Industries
• McDermott
• CIMC
• Toyo Kanetsu
• ISHII IRON WORKS
• PermianLide
• Altard
• Fox Tank
• Polymaster
• Highland Tank
• General Industries
• Pfaudler
• MEKRO
• Tank Connection

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Fixed-Roof and Floating Roof AST Market Analysis, by Type:

• Fixed-Roof
• Floating Roof

Fixed-Roof ASTs have a solid, immovable roof while Floating Roof ASTs have a floating roof that moves up or down with the level of stored liquid. Fixed-Roof ASTs are preferred for storing products that do not evaporate easily, while Floating Roof ASTs are ideal for volatile liquids to reduce evaporation loss. The demand for both types is boosted by the need for efficient and cost-effective storage solutions in industries such as oil and gas, chemicals, and water treatment. Fixed-Roof ASTs offer reliable containment, while Floating Roof ASTs provide environmental benefits and cost savings through reduced evaporation.

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Fixed-Roof and Floating Roof AST Market Analysis, by Application:

• Oil & Gas
• Chemical Industry
• Water & Wastewater

Fixed-Roof and Floating Roof Aboveground Storage Tanks (AST) are widely used in the oil & gas, chemical industry, and water & wastewater sectors for storing liquids such as crude oil, chemicals, and water. Fixed-Roof tanks are commonly used for low pressure storage, while Floating Roof tanks are preferred for volatile liquids to reduce evaporation loss. In terms of revenue, the fastest growing application segment is the oil & gas industry due to the increasing demand for crude oil storage. Fixed-Roof and Floating Roof AST play a crucial role in ensuring safe and efficient storage of liquids in these industries.

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Fixed-Roof and Floating Roof AST Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The fixed-roof and floating roof aboveground storage tank (AST) market is expected to witness significant growth in the regions of North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). The market is anticipated to be dominated by North America, with a market share of around 30%, followed by Europe with 25% market share. Asia-Pacific is expected to have a market share of 20%, Latin America with 15%, and Middle East & Africa with 10%.

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