Fuel Storage Containers Market
Fuel Storage Containers Market Analysis by Product Type (Portable Fuel Containers, 5 Gal. Portable Fuel Containers, 5 Gal. Safety Portable Fuel Containers, 275 Gal. IBC, 55 Gal. Fuel Storage Drums) and by Region - 2022 to 2032
Analysis of Fuel Storage Containers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fuel Storage Containers Market Snapshot (2022 to 2032)
The global fuel storage containers market was valued at US$ 25 Billion in 2021, and is projected to register a Y-o-Y increase of 4% in 2022 to be valued at US$ 26.13 Billion. During the 2022 to 2032 period of assessment, demand is expected to rise at a 4.5% value CAGR, likely to reach US$ 40.57 Billion by the end of the said forecast period.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | US$ 25 Billion |
| Expected Market Value (2022) | US$ 26.13 Billion |
| Projected Forecast Value (2032) | US$ 40.57 Billion |
| Global Growth Rate (2022 to 2032) | 4.5% CAGR |
| Market Share of the U.S (2022 to 2032) | 33% |
| Key fuel storage containers Players | C&E Plastics Inc.; Air Liquide; Rain for Rent International UK; GEI Works; GL; Gaz Liquid Industrie; Cryolor; Elkoplast CZ s.r.o; Goavec Engineering; Manitex Sabre Inc.; Free Form Plastics; Enduraplas; CST Industries |
Overall, sales of fuel storage containers for fuel storage containers will continue to flourish, with an impressive CAGR exhibited from 2015 to 2021. Moreover, with high availability and customization of products according to industrial and commercial requirements, the market for fuel storage container is poised to grow over the forecast period 2022 to 2032. North America will remain at the forefront, generating good opportunities and acquiring nearly 1/3rd market share during the forecast period.
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Fuel Storage Containers Revenue Analysis 2015 to 2021 vs. Future Outlook 2022 to 2032
According to market research and competitive intelligence provider Fact.MR, the fuel storage containers industry grew at a CAGR of 4.7% from 2015 to 2021. Increasing sales of automotive commercial vehicles (both HCVs and LCVs) will likely generate a higher level of revenue in the coming years. In addition, 275 gallons. IBC (Intermediate Bulk Container) tank is most suitable for storage at large scale and is preferred by fuel production companies across the globe. market value during the projected period.
Countries producing fuel are seen as potential growth markets for fuel storage containers even during pandemics such as COVID-19. Furthermore, industries across the world are shutting down their operations due to unavailability of labor. Thus, these companies are storing their fuel in containers. Aforementioned, factors are seen to have a positive impact on fuel storage container market in first two quarters of 2020, followed by growth in coming years as normalcy returns. However, in the forthcoming months, this disequilibrium dissipated, allowing for the demand-supply gap to be filled. Several types of vehicles generated exponential demand on the market.
The fuel storage container market is set to gain a substantial boost over the next few years with the introduction of different fuel tanks in the market. As mentioned earlier, with high availability and customization of products according to industrial and commercial requirements, the market for fuel storage container is poised to grow at a modest CAGR of 4.5% over the forecast period (2022 to 2032).
What are the Prominent Fuel Storage Containers Market Growth Drivers?
Recent R&D Activities and Technological Advancements to Bode Well for Market Growth
With the rising demand for vehicle production, the need to produce more efficient and durable automotive fuel storage containers has become one of the major parts of research. Throughout the years, researchers have been doing research on how to increase the stability of fuel storage containers.
Currently, researchers are working on the development of metal fuel storage containers in order to fulfil the growing demand and satisfy the discerning customer requirements. Furthermore, plastic fuel storage containers have many inherent advantages over metal fuel tanks, which is augmenting their popularity in the fuel storage container market.
In recent years, global automotive sales have remained favorable, with the United States and China leading the charts in terms of both sales and production. As the economy progressively recovers, the automotive sector accelerates, resulting notably in the increased demand for fuel storage containers.
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Country-wise Analysis
How Opportunistic will the Market for Fuel Storage Containers be across the U.S?
According to Fact.MR’s study, from a regional perspective, North America currently holds more than 1/3rd of global fuel storage container market share. The U.S. is one among world’s leading fuel producers across the globe. With keeping in mind the safety of the environment and climate, the growth of fuel storage containers in the U.S. can be regarded as growing steadily.
The production of containers has also helped to follow the rules and regulations of the U.S government in regards to emission control and safety, which has also become one of the major driving factors behind the growth of fuel storage containers in the market of this region.
Why is China Considered an Opportunistic Market for Fuel Storage Containers?
A Flourishing Automotive Industry to Impel Sales of Fuel Storage Containers
The contemporary global fuel storage containers market can be regarded as in the growing phase and the growth has been steady. However, the Asia-Pacific region can be regarded as one of the fastest-growing parts of the world in regards to the growing market demand.
China has become one of the largest manufacturers of fuel storage containers with the support of major companies. These companies have indulged themselves in the production of metal and plastic fuel storage containers as well as zero-emission fuel tanks, which has helped the growing demand.
Category-wise Insights
Which Type of Fuel Storage Container is expected to Show Highest Growth?
According to Fact.MR, with their economic advantage and high availability, the segment of 5 gallon fuel storage drum is expected to grow at a CAGR of 3.4% through 2032. Furthermore, 275 gal. IBC tank is most suitable for storage at large scale and is preferred by fuel production companies across the globe.
With increasing fuel extraction to meet the growing demand for industrial and commercial purposes, 275 gal. IBC market is expected to create an absolute $ opportunity of US$ 1.6 Billion opportunity by 2032.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Prominent manufacturers of fuel storage containers are eyeing technological innovations in order to provide the most accurate and precise storage arrangements to their customers.
- In January 2021, TI Fluid Systems announced its decision to provide a new generation of plastic fuel tank design capable of meeting the stringent pressure demands within a hybrid electric vehicle (HEV). Recently, this plastic fuel tank launched in volume production with Volkswagen China on the Passat and Magotan plug-in hybrid electric vehicle (PHEV) models, with a planned adoption across a wider range of global platforms.
- In March 2022, Toyota Motor Corporation (Toyota) announced that it has developed a hydrogen storage module that integrates multiple resin high-pressure hydrogen tanks at 70 MPa for automobiles?already proven in the "Mirai" fuel cell vehicle (FCEV) ?and safety devices such as a hydrogen detector and an automatic shut-off switch. Toyota will be exhibiting a conceptual model of this module at the FC Expo (International Hydrogen & Fuel Cell Expo) held at Tokyo Big Sight (Koto-ku, Tokyo) from March 16 to 18.
Key Segments Covered in the Fuel Storage Containers Market Study
-
By Product Type:
- Portable Fuel Containers
- 5 Gal. Portable Fuel Containers
- 5 Gal. Safety Portable Fuel Containers
- 275 Gal. IBC
- 55 Gal. Fuel Storage Drums
-
By Region:
- North America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Latin America &
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (Units) Analysis 2015 to 2021 and Forecast 2022 to 2032
- 6. Global Market - Pricing Analysis
- 7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Product Type
- 8.1. Portable Fuel Containers
- 8.1.1. 5 Gal. Portable Fuel Containers
- 8.1.2. 5 Gal. Safety Portable Fuel Containers
- 8.2. 275 Gal. IBC
- 8.3. 55 Gal. Fuel Storage Drums
- 8.1. Portable Fuel Containers
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Region
- 9.1. North America
- 9.2. Western Europe
- 9.3. Latin America
- 9.4. Eastern Europe
- 9.5. Asia Pacific Excluding Japan
- 9.6. Japan
- 9.7. Middle East & Africa
- 10. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Western Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Eastern Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. APEJ Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Japan Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Middle East & Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Analysis by Country
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. ATOM Alloys, LLC
- 19.2. Justrite Mfg. Co., L.L.C.
- 19.3. Scepter Canada Inc
- 19.4. No-Spill Inc
- 19.5. Tetrosyl Ltd.
- 19.6. Greif, Inc.
- 19.7. SCHÜTZ GmbH & Co. KGaA
- 19.8. Time Technoplast Ltd
- 19.9. Mauser Packaging Solutions
- 19.10. Snyder Industries Inc.
- 19.11. Hoover Ferguson Group, Inc.
- 19.12. WERIT Kunststoffwerke W. Schneider GmbH & Co. KG.
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 1. Global Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 2. Global Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 3. Global Value (US$ Mn) and Volume (Units) Forecast, by Region, 2022 to 2032
Table 4. North America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2015 to 2021
Table 5. North America Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 6. North America Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 7. North America Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 8. Latin America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2015 to 2021
Table 9. Latin America Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 10. Latin America Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 11. Latin America Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 12. Europe Value (US$ Mn) and Volume (Units) Analysis, by Country, 2015 to 2021
Table 13. Europe Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 14. Europe Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 15. Europe Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 16. Japan Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 17. Japan Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 18. APEJ Value (US$ Mn) and Volume (Units) Analysis, by Country, 2015 to 2021
Table 19. APEJ Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 20. APEJ Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 21. APEJ Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 22. MEA Value (US$ Mn) and Volume (Units) Analysis, by Country, 2015 to 2021
Table 23. MEA Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 24. MEA Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 25. MEA Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 26. U.S. Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 27. U.S. Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 28. U.S. Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 29. Canada Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 30. Canada Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 31. Brazil Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 32. Brazil Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 33. Brazil Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 34. Brazil Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2015 to 2021
Table 35. Brazil Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2022 to 2032
Table 36. Mexico Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 37. Mexico Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 38. Mexico Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 39. Argentina Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 40. Argentina Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 41. Argentina Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 42. Argentina Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2015 to 2021
Table 43. Argentina Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2022 to 2032
Table 44. South Africa Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 45. South Africa Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 46. South Africa Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2015 to 2021
Table 47. South Africa Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2022 to 2032
Table 48. GCC Countries Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 49. GCC Countries Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 50. GCC Countries Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 51. India Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 52. India Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 53. India Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2015 to 2021
Table 54. India Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2022 to 2032
Table 55. China Value (US$ Mn) and Volume (Units) Forecast, by Country, 2022 to 2032
Table 56. China Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 57. China Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 58. Indonesia Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2015 to 2021
Table 59. Indonesia Market Value (US$ Mn) and Volume (Units) Analysis, By Product Type, 2022 to 2032
Table 60. Indonesia Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2015 to 2021
Table 61. Indonesia Market Value (US$ Mn) and Volume (Units) Analysis, By End-Use Industry, 2022 to 2032
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List Of Figures
Figure 1. Global Market Volume (Units) and Value (US$ Mn) Analysis, 2015, 2022 and 2032
Figure 2. Global Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 3. Global Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 4. Global Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 5. Global Market Incremental $ Opportunity, 2022 to 2032
Figure 6. Global Market Share By Product Type – 2022 & 2032
Figure 7. Global Market Y-o-Y Growth Projections By Product Type, 2022 to 2032
Figure 8. Global Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 9. Global Market by Product Type Market Value (US$ Mn), Volume (Units) and Forecast, 2015 to 2032
Figure 10. Global Market by Product Type Incremental $ Opportunity, 2022 to 2032
Figure 11. Global Market Share by Region – 2022 & 2032
Figure 12. Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 13. Global Market Attractiveness Index by Region, 2020 to 2030
Figure 14. North America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 15. North America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 16. North America Market Share Analysis by Country, 2022 & 2032
Figure 17. North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18. North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 19. North America Market Share Analysis by Product Type, 2022 & 2032
Figure 20. North America Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 21. North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 22. Latin America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 23. Latin America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 24. Latin America Market Share Analysis by Country, 2022 & 2032
Figure 25. Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 26. Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 27. Latin America Market Share Analysis by Product Type, 2022 & 2032
Figure 28. Latin America Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 29. Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 30. Europe Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 31. Europe Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 32. Europe Market Share Analysis by Country, 2022 & 2032
Figure 33. Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 34. Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 35. Europe Market Share Analysis by Product Type, 2022 & 2032
Figure 36. Europe Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 37. Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 38. Japan Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 39. Japan Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 40. Japan Market Share Analysis by Product Type, 2022 & 2032
Figure 41. Japan Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 42. Japan Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 43. APEJ Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 44. APEJ Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 45. APEJ Market Share Analysis by Country, 2022 & 2032
Figure 46. APEJ Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 47. APEJ Market Attractiveness Analysis by Country, 2022 to 2032
Figure 48. APEJ Market Share Analysis by Product Type, 2022 & 2032
Figure 49. APEJ Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 50. APEJ Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51. MEA Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 52. MEA Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 53. MEA Market Share Analysis by Country, 2022 & 2032
Figure 54. MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55. MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56. MEA Market Share Analysis by Product Type, 2022 & 2032
Figure 57. MEA Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 58. U.S. Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 59. U.S. Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 60. U.S. Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 61. U.S. Market Share Analysis by Product Type, 2022 & 2032
Figure 62. U.S. Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 63. Canada Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 64. Canada Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2015 to 2021
Figure 65. Canada Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2022 to 2032
Figure 66. Canada Market Share Analysis by Product Type, 2022 & 2032
Figure 67. Canada Market Y-o-Y Growth Projection by Product Type, 2022 to 2032
Figure 68. Canada Market Attractiveness Analysis by Product Type, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the market worth for fuel storage containers in 2021?
As of 2021, Fact.MR estimated the fuel storage containers market to have reached US$ 25 Billion
What is the expected worth of the fuel storage containers industry in 2022?
By 2022, Fact.MR expected demand for fuel storage containers to reach US$ 26.13 Billion
What is the expected forecast CAGR for fuel storage containers from 2022 to 2032?
From 2022 to 2032, fuel storage containers demand is likely to surge at a 4.5% CAGR
At what value will the market for fuel storage containers close in 2032?
By 2032, the market for fuel storage containers is likely to be valued at US$ 40.57 Billion
What is the expected market share for the U.S fuel storage containers market?
By 2032, Fact.MR expects the U.S market for fuel storage containers to acquire nearly 1/3rd market share.
By product type, which category is likely to remain prominent until 2032?
5 gallon fuel storage drum is expected to grow at a CAGR of 3.4% through 2030.
Fuel Storage Containers Market