Mounting Demand for Hydrogen Sourcing to Yield New Growth Avenues for Fuel Storage Containers Market: Fact.MR
Back to Newsroom
Mentioned in this Article

Mounting Demand for Hydrogen Sourcing to Yield New Growth Avenues for Fuel Storage Containers Market: Fact.MR

Tuesday, March 9, 2021 9:33 AM
Share this article now
Product Announcements

Waning reliance on hydrocarbons to achieve carbon sequestration to increase dependence on naturally sourced fuels

NEW YORK, NY / ACCESSWIRE / March 9, 2021 / Decelerated primary energy consumption in 2019 amid growth in carbon emissions limited uptake of fuel storage containers for conventional fossil fuels, projects a new edition of consulting firm Fact.MR's report on the market. Although oil & gas output remained sluggish throughout 2020, demand for fuel storage containers remained high as inventory pile up prompted companies to invest in storage infrastructure.

According to Fact.MR, the market is poised to expand at over 4% CAGR through 2031, experiencing 1.5x growth. While reliance on fossil fuels will continue, demand for low-carbon hydrogen is expected to further uplift growth prospects. As per the International Energy Agency, production of low-carbon hydrogen is poised to increase to 0.55 million tons per year by 2021-end, compared to 0.46 million tons per year in 2020.

Realizing its potential, prominent manufacturers have designed highly sophisticated fuel storage containers. For instance, INOXCVA, a leading Indian industrial gases specialist, offers a broad spectrum of bulk storage tanks for hydrogen storage, ranging from 4,000-10,000 liters equipped with perlite imbued vacuum or multi-layer super insulation.

"Increasing foray towards sustainable energy alternatives is prompting manufacturers to design fuel storage containers to store more environmentally friendly sourced alternatives, providing a wide platform for market expansion," says the Fact.MR analyst.

Request a report sample with 170 pages to gain comprehensive insights at

Key Takeaways from Fact.MR's Fuel Storage Containers Study

  • By product type, 5 gallon portable fuel containers to experience higher adoption
  • Demand for 55 gallon fuel storage containers is not likely to wane, accounting for over half of the revenue share
  • High fuel production volumes to keep the US market at the forefront in North America
  • UK to emerge a lucrative market, attributed to growing fossil fuel consumption for electricity generation
  • Germany and France to experience deceleration amid growing tilt towards unconventional energy sources
  • Reduction on import reliance catapulting domestic fuel production across India and China, uplifting growth prospects

Fuel Storage Containers Market- Prominent Drivers

  • Surging demand for conventional fossil fuels to power automobiles and electricity generation plants stimulating demand for robust fuel storage infrastructure
  • Manufacturers are emphasizing on incorporating sustainable and lightweight construction material, generating credible opportunities
  • Hydrogen storage is acquiring widespread attention, given its increasing applications across key end-use industries

Fuel Storage Containers Market- Key Restraints

  • Reliance on renewable energy sources such as wind and solar power to limit storage containers adoption for conventional fuel sources
  • Degradation of fuel quality while storing for prolonged periods in certain containers may pose challenges due to restricted adoption

Discover more about the fuel storage containers market with 68 figures and 61 data tables, along with the table of contents. You will also find detailed market segmentation on

Competitive Landscape

Prominent fuel storage container manufacturers profiled by Fact.MR's report include SCHUETZ GmbH & Co. KGaA, ATOM Alloys LLC, Mauser Packaging Solutions, Scepter Canada Inc., Hoover Ferguson Group, Time Technoplast Inc., Greif Inc. and WERIT Kunststoffwerke among others. Besides these, numerous contract based manufacturers dominate the global landscape.

A primary growth strategy implemented by majority of the aforementioned players is capacity expansion. For instance, in January 2020, Mauser Packaging Solutions announced the expansion of its Erkelenz facility in Germany. The expansion project has enabled the company to better integrate its vertical integration of manufacturing capabilities. In addition, this has also provided it with an opportunity to accelerate its intermediate bulk containers production capabilities.

Some players are also emphasizing on new product launches to retain their market footprint. For instance, in October 2020, Greif LATAM, the company's Latin American division, unveiled a modified version of its existing drum molds, incorporating lightweight materials with a unique geometric design offering identical performance and mechanical properties of a standard drum.

More Valuable Insights on Fuel Storage Container Market:

Fact.MR, in its new offering, presents an unbiased analysis of the global fuel storage container market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the fuel storage container market on the basis of product type (Portable Fuel Containers, 275 Gal. IBC and 55 Gal. Fuel Storage Drums) across seven major regions.

Get Customization on this Report for Specific Research Solutions

Explore Fact.MR's Coverage on the Industrial Goods Domain

Intralogistics Market: A recent study by Fact.MR on the intralogistics market offers a 10-year forecast. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players.

Continuous Ship Unloaders Market: A recent study by Fact.MR on the continuous ship unloaders market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders.

Naval Radar Market: Fact.MR's exhaustive naval radar market report delves into comprehensive insights regarding prominent expansion opportunities likely to present themselves across prominent geographies in the upcoming decade. Information about key segments and presence of important manufacturers is also provided in the purview of this study.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.


Sudip Saha
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583


Back to Newsroom


Copyright 2021 © ACCESSWIRE. All rights reserved. Privacy Policy  |   Terms and Conditions