DUBLIN, December 20, 2021– (COMMERCIAL THREAD)–The “Global ISO Tank Container Market Report 2021: Growth and Change Related to COVID-19” the report was added to ResearchAndMarkets.com offer.

This report equips strategists, marketers and senior management with the essential information they need to assess the global iso tank containers market.

The global ISO tank container market is expected to grow from $ 0.91 billion in 2020 to $ 0.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%.

The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 1.46 billion by 2025 at a CAGR of 10%.

Companies mentioned

• China International Marine Containers Co. Ltd.

• Nantong Tank Container CO. Ltd.

• CXIC Group Containers Company Limited

• Singamas container

• Oddy well-being

• Danteco Industries BV

• Bewellcn Shanghai

• Chart Industries Inc.

• Corban Energy Group

• Cryeng Group

• Furuise

• Intermodal tanker transport

• M1 Engineering

• Quantum Technologies Group Inc.

• Rootselaar Group

Reasons to purchase:

• Get a truly global perspective with the most comprehensive report available on this market covering over 12 geographies.

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The main types of containers in ISO tank containers are dry containers, thermal and refrigerated containers, tank containers, open top containers, insulated containers, flat rack containers and others. Thermal and refrigerated containers are temperature controlled shipping containers that maintain a constant low temperature. They are only used to transport perishable goods like fruits and vegetables over great distances. The different modes of transport include road, rail, marine and are used to transport chemicals, petrochemicals, food and drink, pharmaceuticals, industrial gas, etc.

The story continues

The ISO tank container market comprises the sales of tank containers by entities (organizations, sole proprietorships and partnerships) that manufacture intermodal ISO tank containers for the transport of liquid products. The ISO tank container is designed and manufactured in accordance with the guidelines set out by the International Organization for Standardization (ISO). ISO tank containers are suitable for different modes of transport and can transport both hazardous and non-hazardous products.

Europe was the largest region in the ISO tank container market in 2020. North America was the second largest region in the ISO tank container market. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.

The growing petrochemical industry is expected to propel the growth of the ISO tank containers market during the forecast period. ISO tank containers are used for the transportation of hazardous petrochemicals because they are made of stainless steel and are surrounded by various types of protective layers that provide resistance to the corrosive effects of petrochemicals. For example, according to the TBRC report, the global petrochemicals market is expected to grow from $ 365.01 billion in 2020 to $ 429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%.

Additionally, according to the International Energy Agency, petrochemicals are expected to account for around 50% of the growth in global oil demand between 2030 and 2050, contributing nearly 7 million barrels of oil. ISO tank containers leave almost less than 50% of the carbon footprint and are therefore mainly used to ship chemicals by the petrochemical industries. Hence, the growth of the petrochemical industry is driving the growth of the ISO tank container market.

The use of the Internet of Things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things (IoT) is a system of objects connected to the Internet that can collect and transfer data over a wireless network without human intervention. Many companies operating in the ISO tank container industry are increasingly partnering with companies offering IoT software. For example, in July 2021, Arkema, a chemical company based in France, collaborated with Nexxiot, a Swiss company offering digital logistics solutions. This collaboration aims to digitize Arkema’s ISO tanks (tank containers) and rail freight wagons fleets, using Nexiot’s IoT devices and the smart cloud platform to help Arkema customers achieve end-to-end visibility ultimately, to raise quality standards and improve the overall service experience.

For more information on this report, visit https://www.researchandmarkets.com/r/s1csst

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211220005763/en/

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