Chemical Market Trends

The Global LNG storage tank market is estimated to be valued at USD 12.5 billion in 2020 and is projected to reach USD 17.5 billion by 2025, at a CAGR of 7.0%, during the same period. The demand for LNG storage tank is driven mainly by growing demand for LNG in power, energy, and steel end-use industries. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16169135 On the basis of type, the self-supporting segment is expected to be the most significant contributor in the LNG storage tank market during the forecast period. Based on type, the self-supporting segment is expected to account for the larger share of the market in 2020. The growth in this segment is attributed to growing trade of LNG, and growing demand for LNG in the energy and power end-use industries. Furthermore, the growing transportation of LNG on ships in expected to drive the demand during the forecast period. By material, the steel segment is expected to be the most signif

The Wire Compound and Cable Compound Market is estimated to reach 16.42 Billion by 2022, at a CAGR of 7.7% from 2017 to 2022. The growth of this market is driven by the rising demand for wire and cable compounds from the construction and automotive industries. The market in Asia-Pacific and the Middle East & Africa is expected to witness significant growth in the next five years, owing to the rise in construction activities in emerging markets, such as China, India, and Saudi Arabia. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237123323 Construction: the largest end-use industry segment of the wire compound and cable compound market Wire compound and cable compound are extensively consumed in various industries, such as construction, communication, automobile, and power. The construction industry segment is estimated to dominate the wire compound and cable compound market in 2017. The rapid infrastructural development, especi