The global collapsible fuel tank market is estimated to create an absolute dollar opportunity of more than USD 2 Bn by the end of 2032. The demand for collapsible fuel tanks is expected to top USD 1.40 Bn by 2022, expanding at a robust CAGR of 8% to 9% during the forecast period 2022 to 2032. Increasing demand for temporary storage solutions across rising on-shore mining and oil & gas exploration activities across the world is projected to accelerate the sales of collapsible fuel tanks in the global market.
| Report Attribute | Details |
|---|---|
| Collapsible Fuel Tank Market Value (2021) | USD 1.35 Billion |
| Collapsible Fuel Tank Market Value (2022) | USD 1.40 Billion |
| Collapsible Fuel Tank Market Anticipated Value (2032) | USD 2 Billion |
| Collapsible Fuel Tank Market Projected Growth Rate (2022 to 2032) | 8% to 9% CAGR |
Collapsible fuel tanks, also commonly referred to as collapsible fuel bladders, provide temporary as well as long-term storage systems for various fuels. These bladders are made of synthetic coated fabrics such as polyethylene or nylon using advanced manufacturing and fabrics welding techniques such as hot air, hot air, and radiofrequency welding.
These storage systems are fabricated with variable towage strips and adaptable edges to offer high resistance to transport constraints. Collapsible fuel tanks are designed to provide large storage solution for fuels and are capable of withstanding harsh environmental conditions in remote locations from deserts to jungles and arctic.
Collapsible fuel tanks can be compactly folded and packaged for quick transportation by truck, ship, or aircraft. Also, these portable fuel bladder systems can be set up quickly on any outdoors, indoors, and flat surface.
Attributed to this, collapsible fuel tanks are finding a wide range of applications from heft fuel storage for outdoor activities to industrial purposes. This is anticipated to fuel the demand for collapsible fuel tanks in the global market.
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Collapsible fuel tanks are gaining huge popularity across the various industries such as oil & gas, mining, agriculture, and industries among others, owing to their favorable attributes such as easy instal, bulk storage, high durability, resistance to temperature fluctuation & moisture, others.
All these characteristics make these tanks the most suitable option for fuel storage purposes in remote areas. Thus, these fuel bladders are extensively being used across the military sector for applications such as military oil & fuel storage, military pumping systems, and others in outskirts areas.
Hence, increasing remote military training, weapon testing, surveillance, and defense activities across diverse countries such as China, the U.S., India, Russia, Israel, and others are estimated to augment the sales of collapsible fuel tanks in the market.
In addition to this, collapsible fuel tanks are also finding numerous applications for disaster relief fuel supply purposes, owing to their high portability and ease of installation for fuel storage purposes. Hence, increasing floods, landslides, forest fires, earthquakes, and others worldwide is expected to create lucrative opportunities for growth in the global market.
Increasing implementation of stringent regulations regarding the use of plastics such as polyethylene, due to the rising environmental concerns across North America, Asia Pacific, and Europe is estimated to hider the sales of collapsible fuel tanks across the polyethylene segment.
Also, inability to install on irregular surfaces, high risk of puncture, and safety issues associated with the collapsible fuel tanks are the factor hampering the growth in the global market.
Principal Consultant
Future Market Insights reveals that Europe is anticipated to emerge as the most remunerative market for collapsible fuel tanks between 2022 and 2032.
Collapsible fuel tanks are increasingly being used in airplanes and other aerial vehicles, owing to their excellent flexibility, high durability, and the ability to fit in tight spaces. This, in addition to increasing adoption across mining activities in remote areas is augmenting the demand for flexible & portable fuel storage solutions.
Hence, leading players in the market are aiming at mergers and acquisitions for expanding their production capacity to capitalize on the surging demand. For instance, in 2019, ContiTech AG, a German manufacturer of intelligent components made of rubber, plastic, metal, and fabric announced acquiring an Italian company, Merlett Group to expand its expertise in developing materials for handling fuels and other industrial fluids.
The acquisition assisted the company to replenish its resources and optimize technology & production. Such developments are estimated to favor the growth in the Europe market.
As per FMI, Asia Pacific excluding Japan is estimated to project robust growth in the global collapsible fuel tank market over the forecast period 2022-2032.
Governments of several countries are emphasizing on investing large sums of money for launching novel oil and gas exploration activities to cater to the accelerating demand for petroleum products. For instance, according to a report by the India Brand Equity Foundation, the Indian Government announced investing nearly USD 2,860 Mn in the oil & gas sector to drill over 120 oil exploration well and double the production of natural gas by 2022.
As these exploration activities are undertaken in remote areas, temporary bulk storage solutions such as collapsible fuel tanks are increasingly being used to store the fuel for heavy drilling and exploration machineries. This is anticipated to augment the demand for collapsible fuel tanks in the Asia Pacific excluding Japan market.
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Some of the leading players in the collapsible fuel tanks market are Thomas Net, Aero Tec Laboratories, Inc., Vinyl Technology, Inc., ContiTech AG, SEI Industries, MPC Containment, Amfuel, SPC “Polytechnika” LLC, and others.
Attributed to the presence of such high number of participants and increasing collaboration, acquisition, and mergers, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8% to 9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Capacity, Fabric Material, End Use, Region |
| Countries Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Companies Profiled | Thomas Net; Aero Tec Laboratories, Inc.; Vinyl Technology, Inc.; ContiTech AG; SEI Industries; MPC Containment; Amfuel; SPC “Polytechnika” LLC; Others |
| Customization | Available Upon Request |
FMI projects the sales of collapsible fuel tanks in the market is expected to rise at 8% to 9% value CAGR by 2032
The global collapsible fuel tanks market is expected to be dominated by North America over the forecast period 2022 to 2032.
Thomas Net, Aero Tec Laboratories, Inc., Vinyl Technology, Inc., ContiTech AG, SEI Industries, MPC Containment, Amfuel, SPC “Polytechnika” LLC some of the leading players in the prominent collapsible fuel tanks market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. By Capacity 6.2. By Fabric Material 6.3. By End Use 7. Global Market Analysis and Forecast, By Capacity 7.1. 25 to 100 gallon 7.2. 3000 gallon 7.3. 10,000 gallon 7.4. 50000 gallon 7.5. 200,000 gallon 8. Global Market Analysis and Forecast, By Fabric Material 8.1. Polyurethane 8.2. Composite Material 9. Global Market Analysis and Forecast, By End Use 9.1. Agriculture 9.2. Mining 9.3. Military Application 9.4. Commercial 9.5. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. APEJ 10.6. Japan 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. APEJ Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Capacity, Fabric Material, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Thomas Net 20.2. Aero Tec Laboratories, Inc. 20.3. Vinyl Technology, Inc. 20.4. ContiTech AG 20.5. SEI Industries 20.6. MPC Containment 20.7. Amfuel 20.8. SPC “Polytechnika” LLC
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Collapsible Fuel Tank Market
