Collapsible Fuel Tank Market

Collapsible Fuel Tank Market Overview

The global collapsible fuel tank market is estimated to create an absolute dollar opportunity of more than US$ 2 Bn by the end of 2032. The demand for collapsible fuel tanks is expected to top US$ 1.40 Bn by 2022, expanding at a robust CAGR of 8% to 9% during the forecast period 2022-2032. 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)	US$ 1.35 Billion
Collapsible Fuel Tank Market Value (2022)	US$ 1.40 Billion
Collapsible Fuel Tank Market Anticipated Value (2032)	US$ 2 Billion
Collapsible Fuel Tank Market Projected Growth Rate (2022-2032)	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. 

Which are Some Prominent Drivers Spearheading Collapsible Fuel Tank Market Growth?

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.

What are the Challenges Faced by the Collapsible Fuel Tank 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.

Why is Europe Emerging as an Opportunistic Collapsible Fuel Tank Market?

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.

How is Asia Pacific Excluding Japan Contributing to the Growth of the Collapsible Fuel Tank 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 US$ 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.

Market Competition

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 Scope

Report Attribute	Details
Growth Rate	CAGR of 8% to 9% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
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

Key Segments Profiled in the Collapsible Fuel Tank Market Survey

By Capacity:

• 25 to 100 gallon
• 3000 gallon
• 10,000 gallon
• 50000 gallon
• 200,000 gallon

By Fabric Material:

• Polyurethane
• Composite Material

By End Use:

• Agriculture
• Mining
• Military Application
• Commercial
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the sales forecast for collapsible fuel tanks in the global market until 2032?

FMI projects the sales of collapsible fuel tanks in the market is expected to rise at 8% to 9% value CAGR by 2032

Which region is forecast to be the most lucrative for collapsible fuel tanks market growth?

The global collapsible fuel tanks market is expected to be dominated by North America over the forecast period 2022-2032.

Which are some leading collapsible fuel tanks manufacturers?

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.