Glass Fused Steel Tanks Global Market Report 2023-2029

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Glass-Fused-to-Steel (Glass-Lined-Steel) is a unique tank finish. Two materials are fused together to achieve the best properties of both – the strength and flexibility of steel combined with the corrosion resistance of glass. Applied to both interior and exterior surfaces, Glass-Fused-to-Steel is able to provide many years of trouble-free service in harsh environments.
According to the new market research report “Global Glass Fused Steel Tanks Market Report 2023-2029”, published by QYResearch, the global Glass Fused Steel Tanks market size is projected to reach USD 706 million by 2029, at a CAGR of 5.9% during the forecast period.

Figure.   Global Glass Fused Steel Tanks Market Size (US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Glass Fused Steel Tanks Market Report 2023-2029.

Market Drivers:
The expansion of renewable energy sources, particularly in biogas and anaerobic digestion projects, led to a higher demand for storage tanks to store biofuels and byproducts.
Infrastructure projects, such as the construction of water treatment plants, agricultural storage facilities, and biogas digesters, contributed to the growth of the glass fused steel tank market.
Stricter environmental regulations and the need for efficient and reliable storage solutions to comply with these regulations played a significant role in driving the demand for glass fused steel tanks.

Restraint:
Glass fused steel tanks can be heavy, which can make transportation and installation challenging, especially in remote or inaccessible locations.
The design and dimensions of glass fused steel tanks are often standardized, which can limit their suitability for specific project requirements. Customization can be expensive and may extend project timelines.
Alternatives such as concrete tanks and epoxy lined stainless steel tanks are available and may be preferred in certain applications due to lower costs or specific requirements.

Opportunity:
Increasing demands for clean water and wastewater treatment facilities drove the market for glass fused steel tanks. These tanks are used for the storage of potable water, industrial wastewater, and sewage treatment processes.
Various industries, including agriculture, mining, food and beverage, and chemical processing, required robust storage solutions. Glass fused steel tanks are corrosion-resistant and suitable for storing chemicals, grains, and other materials.
As industries and infrastructure projects expanded worldwide, the market for glass fused steel tanks also grew globally.


Figure.   Global Glass Fused Steel Tanks Top 5 Players Ranking and Market Share（Continually updated）

Based on or includes research from QYResearch: Global Glass Fused Steel Tanks Market Report 2023-2029.

The global key manufacturers of Glass Fused Steel Tanks include CST Industries, Center Enamel, TF Warren, Balmoral Tanks, Permastore, etc. In 2022, the global top five players had a share approximately 35.0% in terms of revenue.



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