PUBLISHER: Lucintel | PRODUCT CODE: 1079218
PUBLISHER: Lucintel | PRODUCT CODE: 1079218
FRP Tank Market Trends and Forecast
The future of the FRP tank market looks promising with opportunities in the water/wastewater, septic, pulp and paper, chemical, petroleum, and agriculture/aquaculture applications. The global FRP tank market is expected to reach an estimated $4.7 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major growth drivers for this market are growing demand for oil and gas storage systems, and expansion of chemical plants, rapid urbanization and infrastructure development in developing countries.
Emerging Trends in the FRP Tank Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes dual purpose application FRP tanks, heating oil tanks, and multi compartment tanks.
A total of 109 figures / charts and 75 tables are provided in this 192-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the FRP tank market report.
FRP Tank Market by Segment
By Application [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Resin Type [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
By Region [Value ($B) and Volume (M lbs) shipment analysis for 2016 - 2027]:
List of FRP Tank Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies FRP tank companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the FRP tank companies profiled in this report includes.
FRP Tank Market Insight
Features of FRP Tank Market
FAQ
Q1. What is the FRP tank market size?
Answer: The global FRP tank market is expected to reach an estimated $4.7 billion by 2027
Q2. What is the growth forecast for FRP tank market?
Answer: The FRP tank market is expected to grow at a CAGR of 4.6% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the FRP tank market?
Answer: The major drivers for this market are growing demand for oil and gas storage systems, and expansion of chemical plants, rapid urbanization and infrastructure development in developing countries.
Q4. What are the major applications or end use industries for FRP tank?
Answer: Water/wastewater, septic, pulp and paper, chemical, petroleum, and agriculture/aquaculture are the major applications for FRP tank.
Q5. What are the emerging trends in FRP tank market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include dual purpose application FRP tanks, heating oil tanks, and multi compartment tanks.
Q6. Who are the key FRP tank companies?
Answer: Some of the key FRP tank companies are as follows:
Q7. Which FRP tank product segment will be the largest in future?
Answer: Lucintel forecasts that polyester composites in FRP tank will remain the largest segment due to its increasing use in various end use industries.
Q8 : In FRP tank market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.