| Product Code: ETC9977257 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The United States saw a significant increase in storage tank import shipments in 2024, with top exporting countries including Canada, South Korea, Mexico, Italy, and China. Despite the diverse sources, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020-2024 was a robust 17.92%, indicating a strong upward trend in imports. Additionally, the growth rate from 2023-2024 was positive at 0.34%, suggesting continued expansion in the US storage tank market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Storage Tank Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Storage Tank Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Storage Tank Market - Industry Life Cycle |
3.4 United States (US) Storage Tank Market - Porter's Five Forces |
3.5 United States (US) Storage Tank Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 United States (US) Storage Tank Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 United States (US) Storage Tank Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 United States (US) Storage Tank Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.9 United States (US) Storage Tank Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 United States (US) Storage Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for storage tanks due to the growth of industries such as oil gas, chemicals, and water & wastewater. |
4.2.2 Expansion of infrastructure projects in the United States leading to a higher need for storage facilities. |
4.2.3 Stringent environmental regulations driving the adoption of storage tanks for compliance and safety purposes. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the overall cost of storage tank production. |
4.3.2 Intense competition among storage tank manufacturers leading to pricing pressures. |
4.3.3 Challenges in obtaining necessary permits and approvals for constructing storage tank facilities. |
5 United States (US) Storage Tank Market Trends |
6 United States (US) Storage Tank Market, By Types |
6.1 United States (US) Storage Tank Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Storage Tank Market Revenues & Volume, By Material Type, 2021- 2031F |
6.1.3 United States (US) Storage Tank Market Revenues & Volume, By Top Wear, 2021- 2031F |
6.1.4 United States (US) Storage Tank Market Revenues & Volume, By Plastic, 2021- 2031F |
6.1.5 United States (US) Storage Tank Market Revenues & Volume, By Metal, 2021- 2031F |
6.1.6 United States (US) Storage Tank Market Revenues & Volume, By FRP, 2021- 2031F |
6.1.7 United States (US) Storage Tank Market Revenues & Volume, By Others, 2021- 2031F |
6.2 United States (US) Storage Tank Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Storage Tank Market Revenues & Volume, By Fluorocarbon, 2021- 2031F |
6.2.3 United States (US) Storage Tank Market Revenues & Volume, By Inorganic, 2021- 2031F |
6.2.4 United States (US) Storage Tank Market Revenues & Volume, By Hydrocarbon/Natural, 2021- 2031F |
6.3 United States (US) Storage Tank Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Storage Tank Market Revenues & Volume, By Up to 50 cu. ft., 2021- 2031F |
6.3.3 United States (US) Storage Tank Market Revenues & Volume, By 50 cu. ft. to 100 cu. ft., 2021- 2031F |
6.3.4 United States (US) Storage Tank Market Revenues & Volume, By Above 100 cu. ft., 2021- 2031F |
6.4 United States (US) Storage Tank Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Storage Tank Market Revenues & Volume, By Less than 1,000 Gallons, 2021- 2031F |
6.4.3 United States (US) Storage Tank Market Revenues & Volume, By 1,001 to 10,000 Gallons, 2021- 2031F |
6.4.4 United States (US) Storage Tank Market Revenues & Volume, By Above 10,001 Gallons, 2021- 2031F |
6.5 United States (US) Storage Tank Market, By End-use Industry |
6.5.1 Overview and Analysis |
6.5.2 United States (US) Storage Tank Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.5.3 United States (US) Storage Tank Market Revenues & Volume, By Petrochemical, 2021- 2031F |
6.5.4 United States (US) Storage Tank Market Revenues & Volume, By Paper & Pulp, 2021- 2031F |
6.5.5 United States (US) Storage Tank Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.5.6 United States (US) Storage Tank Market Revenues & Volume, By Water & Wastewater, 2021- 2031F |
6.5.7 United States (US) Storage Tank Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
7 United States (US) Storage Tank Market Import-Export Trade Statistics |
7.1 United States (US) Storage Tank Market Export to Major Countries |
7.2 United States (US) Storage Tank Market Imports from Major Countries |
8 United States (US) Storage Tank Market Key Performance Indicators |
8.1 Average capacity utilization rate of storage tanks in the United States. |
8.2 Number of new storage tank projects initiated annually. |
8.3 Percentage of storage tank installations meeting environmental compliance standards. |
8.4 Maintenance cost per storage tank unit over a specific period. |
8.5 Rate of adoption of advanced technologies in storage tank design and manufacturing. |
9 United States (US) Storage Tank Market - Opportunity Assessment |
9.1 United States (US) Storage Tank Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 United States (US) Storage Tank Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 United States (US) Storage Tank Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 United States (US) Storage Tank Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.5 United States (US) Storage Tank Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 United States (US) Storage Tank Market - Competitive Landscape |
10.1 United States (US) Storage Tank Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Storage Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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