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The ASEAN ISO tank container market attained a value of about USD 43.33 million in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 8.10%.
The ASEAN market for ISO tank containers is being driven by the rising demand from the marine sector. Major ASEAN countries, such as Vietnam, Indonesia, Malaysia, and Singapore, have vast coastlines owing to which the reliance on sea transport is boosting the market growth of tank containers. These containers carry high corrosion resistance properties and are durable, owing to which they are demanded for the transportation of hazardous liquids like oil, gasoline, and diesel, among others.
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Furthermore, the issued standards of manufacturing these containers ensure structural integrity and durability, along with survivability in extreme conditions and temperatures, thereby augmenting their applications and providing impetus to the market. Further, the expansion in seaborne domestic and international trade with the introduction of large maritime ships is expected to favour the market growth in the coming years.
ISO tank containers, also known as intermodal tank containers, are containers that are designed and manufactured according to the guidelines defined by the International Organization of Standardization (ISO) for transportation of liquid or gases in large quantities via road, rail, or marine transport.
Based on transport mode, the market can be segmented into:
The market, based on application, can be divided into:
The EMR report looks into the regional markets of ISO tank container of ASEAN countries like Vietnam, Thailand, Indonesia, Singapore, and Malaysia, among others.
The rise in the ASEAN market for ISO tank containers can be ascribed to the flourishing logistics industry in major ASEAN countries. The growing preference for ISO specified tank containers is due to the reduced shipping and handling costs offered by these containers as they allow easy packaging and transportation of liquids. Apart from this, increasing consumer demand for environmentally friendly material, in conjunction with the implementation of stringent rules to reduce plastic waste are some of the factors impelling market leaders to produce containers with sustainable materials that offer excellent durability and physical properties. This is leading to the growth of the market. Furthermore, the integration of advanced wireless technologies such as RFID sensors powered through IoT and Bluetooth technologies to supplement real-time tracking is also promoting the market growth of ISO tank containers in ASEAN region.
The report presents a detailed analysis of the following key players in the ASEAN ISO tank container market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Transport Mode, Application, Country |
Breakup by Transport Mode | Road, Rail, Marine |
Breakup by Application | Chemicals, Petrochemicals, Food and Beverages, Pharmaceuticals, Industrial Gas, Others |
Breakup by Country | Vietnam, Thailand, Indonesia, Singapore, Malaysia, Others |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | NRS Corporation, BLPL Singapore Pte. Ltd., CS EURASIA LEASING (SEA) Pte Ltd, Vietnam Pacific Lines (M) Sdn Bhd, Siam Tank Terminals Co., Ltd., Tankformator (S) Pte Ltd., Ltd. ISOTANK VIETNAM, Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 ASEAN ISO Tank Container Market Analysis
8.1 Key Industry Highlights
8.2 ASEAN ISO Tank Container Historical Market (2018-2022)
8.3 ASEAN ISO Tank Container Market Forecast (2023-2028)
8.4 ASEAN ISO Tank Container Market by Transport Mode
8.4.1 Road
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Rail
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Marine
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 ASEAN ISO Tank Container Market by Application
8.5.1 Chemicals
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Petrochemicals
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Food and Beverages
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Pharmaceuticals
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Industrial Gas
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 ASEAN ISO Tank Container Market by Country
8.6.1 Vietnam
8.6.2 Thailand
8.6.3 Indonesia
8.6.4 Singapore
8.6.5 Malaysia
8.6.6 Others
9 Regional Analysis
9.1 Vietnam
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Thailand
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Indonesia
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Singapore
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Malaysia
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 NRS Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 BLPL Singapore Pte. Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 CS EURASIA LEASING (SEA) Pte Ltd
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Vietnam Pacific Lines (M) Sdn Bhd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Siam Tank Terminals Co., Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Tankformator (S) Pte Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Ltd. ISOTANK VIETNAM
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Key Trends and Developments in the Marke
List of Key Figures and Tables
1. ASEAN ISO Tank Container Market: Key Industry Highlights, 2018 and 2028
2. ASEAN ISO Tank Container Historical Market: Breakup by Transport Mode (USD Million), 2018-2022
3. ASEAN ISO Tank Container Market Forecast: Breakup by Transport Mode (USD Million), 2023-2028
4. ASEAN ISO Tank Container Historical Market: Breakup by Application (USD Million), 2018-2022
5. ASEAN ISO Tank Container Market Forecast: Breakup by Application (USD Million), 2023-2028
6. ASEAN ISO Tank Container Historical Market: Breakup by Country (USD Million), 2018-2022
7. ASEAN ISO Tank Container Market Forecast: Breakup by Country (USD Million), 2023-2028
8. ASEAN ISO Tank Container Market Structure
In 2021, the ASEAN ISO tank container market attained a value of about USD 43.33 million.
The market is projected to grow at a CAGR of 8.10% between 2023 and 2028.
The market is being driven by the rising demand for ISO tank containers from marine transportation for the transportation of petrochemicals.
The market growth can be associated with the increasing use of environmentally friendly raw materials to reduce plastic waste and the integration of advanced technology to track the movement in real time.
The major regions in the industry are Vietnam, Thailand, Indonesia, Singapore, and Malaysia, among others.
The major transport modes of ISO tank container are road, rail, and marine.
The significant applications of ISO tank container are chemicals, petrochemicals, food and beverages, pharmaceuticals, and industrial gas, among others.
The major players in the industry are NRS Corporation, BLPL Singapore Pte. Ltd., CS EURASIA LEASING (SEA) Pte Ltd, Vietnam Pacific Lines (M) Sdn Bhd, Siam Tank Terminals Co., Ltd., Tankformator (S) Pte Ltd., and Ltd. ISOTANK VIETNAM, among others.
The ASEAN ISO tank container market attained a value of nearly USD 43.33 million in 2021, driven by the rising demand from marine transport. Aided by the use of environmentally friendly materials, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.10%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of mode of transport, the market can be segmented into road, rail, and marine. The market, based on application, can be classified into chemicals, petrochemicals, food and beverages, pharmaceuticals, and industrial gas, among others. The major regional markets for ASEAN ISO tank container are Vietnam, Thailand, Indonesia, Singapore, and Malaysia, among others. The key players in the above market include NRS Corporation, BLPL Singapore Pte. Ltd., CS EURASIA LEASING (SEA) Pte Ltd, Vietnam Pacific Lines (M) Sdn Bhd, Siam Tank Terminals Co., Ltd., Tankformator (S) Pte Ltd., and Ltd. ISOTANK VIETNAM, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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