The surge in global energy consumption, coupled with stringent environmental regulations for hazardous material storage, has accelerated the market’s expansion, Says SNS Insider.

“According to SNS Insider Research, The Storage Tank Market size was valued at US$ 24.34 billion in 2023 and is projected to reach US$ 44.82 billion by 2032, growing at a CAGR of 7.02% over the forecast period 2024-2032.”