Fuel Storage Container Market- Global Size, Industry Share, Opportunity Assessment, Historical Analysis, Regional Trends, Sales Revenue and Forecast 2020-2030
Verfasser: ashwani_kailiya on Monday, 6 July 2020As the coronavirus outbreak has been declared a global pandemic, global demand for energy has fallen sharply. Consequently, a glut in oil and gas production is maxing out storage capacities of major fuel consumer countries. Stay at home orders have resulted in reduction in fuel usage in personal and industrial settings. This trend is likely to be profitable for fuel storage container manufacturers in the short term.
The global fuel storage container market is projected to reach a valuation of US$ 9 Bn through the forecast period (2020-2030). As a number of countries have gradually begun easing restrictions on travel and business, the oversupply of oil and gas has started to stabilize. According to estimates, the pandemic is likely to be under control during the first half of 2021. Following this, oil prices are likely to recover and the storage crisis is likely to stop as economies recover and demand returns to pre-pandemic levels. Demand for fuel storage containers will remain steady in the foreseeable future.