Storage Tank Construction in Qatar:
Market Snapshot to 2014
Reference code: WMCN9110MS
Published: May-2010
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Storage Tank Construction in Qatar: Market Snapshot to 2014 Published May 2010
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1 SECTOR OVERVIEW ............................................................................................................. 4
2 MARKET DATA ...................................................................................................................... 5
2.1 Market Value 2005-2009 ................................................................................................................................ 5
2.2 Market Segmentation, By Project Type, 2009 ................................................................................................. 6
2.3 Market Value Forecast, 2009-2014 ................................................................................................................. 7
2.4 Future Market Segmentation, By Project Type, 2009-2014 ............................................................................. 8
3 APPENDIX .............................................................................................................................. 9
3.1 Research Methodology ................................................................................................................................... 9
3.2 Definitions ...................................................................................................................................................... 9
3.2.1 Additional Notes .................................................................................................................................. 10
3.3 About World Market Intelligence ................................................................................................................... 10
Storage Tank Construction in Qatar: Market Snapshot to 2014 Published May 2010
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List of Tables
Table 1: Storage Tank Construction in Qatar, Market Value - US$ Million, 2005-2009.................................................... 5
Table 2: Storage Tank Construction in Qatar, Market Segmentation by Project Type, US$ Million, 2009 ........................ 6
Table 3: Storage Tank Construction in Qatar, Market Forecast - US$ Million, 2009-2014 ............................................... 7
Table 4: Storage Tank Construction in Qatar, Market Segmentation by Project, US$ Million, 2014 ................................. 8
List of Figures
Figure 1: Storage Tank Construction in Qatar, Market Value - US$ Million, 2005-2009 .................................................. 5
Figure 2: Storage Tank Construction in Qatar, Market Segmentation by Project Type, % Share, 2009 ........................... 6
Figure 3: Storage Tank Construction in Qatar, Market Forecast - US$ Million, 2009-2014 .............................................. 7
Figure 4: Storage Tank Construction in Qatar, Market Segmentation by Project, % Share, 2014 .................................... 8
Storage Tank Construction in Qatar: Market Snapshot to 2014 Published May 2010
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1 SECTOR OVERVIEW
Following expansion at a compound annual rate of change of 1.99% between 2005-2009, the Storage Tanks
construction sector in Qatar reached a value of US$4.89 million in 2009, which represented an decrease of 6.97% in
2008. The market achieved its strongest performance in 2006 when it expanded by 9.54% and its weakest performance
in 2009, when it fell by 6.97%.
In comparison, the fastest growing construction sector of the industrial construction market between 2005-2009 was
electricity generation plants which achieved a CAGR of 17.96%. The storage tanks construction sector was the weakest
in the industrial construction market between 2005-2009 and observed CARC of 1.99%.
By 2009, the Storage Tanks accounted for 1.06% of the industrial construction. In comparison, electricity generation
plants represented 29.40% while manufacturing plants generated a further 21.37% of the market's 2009 share.
Looking ahead, the Storage Tanks market is expected to decline at a CARC of 7.24% between 2009-2014, reaching a
value of US$ 3.36 million in 2014. This represents total decline of 36.66% since 2005 and 31.34% since 2009.
In comparison, the fastest growing construction sector of the industrial construction market between 2009-2014 is
forecast to be electricity generation plants, which is expected to achieve a CAGR of 3.44%. The refinery buildings
construction sector is expected to be the weakest in the industrial construction market between 2009-2014 and achieve
a CAGR of 2.56%.
By 2014, the Storage Tanks is forecast to account for 0.71% of the industrial construction. In comparison, electricity
generation plants is predicted to account for 34.31%, while manufacturing plants is expected to generate a further
20.50% of the market's 2014 share.
Storage Tank Construction in Qatar: Market Snapshot to 2014 Published May 2010
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2 MARKET DATA
2.1 Market Value 2005-2009
Storage Tanks sector in Qatar was valued at US$ 4.89 million in 2009; a decrease of 6.97% in 2008. The sector
observed a CARC of 1.99%.
Table 1: Storage Tank Construction in Qatar, Market Value - US$ Million, 2005-2009
Year US$ Million % Growth
2005 5.30
2006 5.81 9.54%
2007 5.50 -5.34%
2008 5.26 -4.36%
2009 4.89 -6.97%
CAGR 2005-2009 -1.99%
Source: World Market Intelligence Analysis © World Market Intelligence
Figure 1: Storage Tank Construction in Qatar, Market Value - US$ Million, 2005-2009
6.00 12%
10%
5.80