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PUBLISHER: The Business Research Company | PRODUCT CODE: 1270524

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1270524

FRP Vessels Global Market Report 2023

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PAGES: 250 Pages
DELIVERY TIME: 2-10 business days
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“FRP Vessels Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on frp vessels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for frp vessels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The frp vessels market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Fiber: Glass; Carbon; Other Fibers
  • 2) By Resin: Polyester; Epoxy; Other Resins
  • 3) By Applications: Automotive and Transportation; Chemicals; Industrial; Oil and Gas; Water and Wastewater; Other Applications
  • Companies Mentioned: Sainath Industrial Corporation; Plas-Tank Industries Inc.; Augusta Fiberglass; Group Surya; JRMS Engineering Works
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the frp vessels market are Sainath Industrial Corporation, Plas-Tank Industries Inc., Augusta Fiberglass, Group Surya, JRMS Engineering Works, Troy Dualam Inc., Kaymo Fiber Reinforced Plastic Manufacture Co. Ltd., Swami Plast Industries, Palmer Manufacturing and Tank Inc., Link Engineers, Hexagon Composites ASA, Faber Industrie SpA, Denali Incorporated, Quantum Fuel Systems LLC, and National Oilwell Warco.

The global FRP vessels market is expected to grow from $2.90 billion in 2022 to $3.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The FRP vessels market is expected to grow to $4.14 billion in 2027 at a CAGR of 7.2%.

The FRP vessels market consists of sales of membrane housing, aromatic polyamide fiber, polypropylene vessels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

FRP (fiberglass reinforced plastic) vessels refer to massive sized tanks composed of high-grade FRP material. It has the quality of having greater resistance to harsh and extreme events.

Asia-Pacific was the largest region in the FRP vessels market in 2022. The regions covered in the FRP vessels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The fibers involved in FRP vessels are glass, carbon, and others. Fiberglass refers to a plastic reinforced with tiny glass threads to prevent heat evaporation. The resins involved are polyester, epoxy, and others that are used for automotive and transportation, chemicals, industrial, oil and gas, water and wastewater, and other applications.

Increasing demand for alternative fuel vehicles is expected to propel the growth of the FRP vessels market going forward. Alternative fuel vehicles (AFVs) are automobiles that use alternative fuels besides regular gasoline or diesel. For use in vehicles, alternative fuels include ethanol, electricity (including solar electricity), and biodiesel. FRP vessels are utilized to create a variety of electric vehicle parts, and their higher strength and low weight are beneficial for increased fuel efficiency and longer component life. For instance, in October 2022, according to the EV Statistics report shared by Tridens Technology, a Slovenia -based software engineering company providing cloud solutions, consulting, and software engineering services, global sales of electric vehicles surpassed 6.5 million units in 2021, a 120% increase over 2020. By 2030, 145 million electric vehicles are anticipated to be on the road (including electric cars, buses, vans, and heavy trucks). In 2021, China sold more than 3.3 million electric vehicles. Sales of electric vehicles in the USA increased more than twofold from the previous year in 2021. Therefore, increasing demand for alternative-fuel vehicles is driving the growth of the FRP vessels market.

Development of low-weight transportation FRP vessels is the key trend gaining popularity in fiber reinforced plastic vessels market. Key players are focusing on development of the low weight transportation FRP vessels to gain a competitive edge in the market . For example, in August 2020, Universal Hydrogen, a US-based carbon-free economical hydrogen transport company, announced a new product launch of twin-tank module for 50 seat aircraft that uses carbon fiber-wrapped pressure vessels to store H2 gas at 850 bar, enabling a 400-nm range for a Dash 8 or ATR turboprop regional aircraft that enables easy transport and loading using existing infrastructure.

In August 2022, Hexagon Composites, a Norway-based composite cylinder technology acquired a 40% stake in Cryoshelter GmbH. With this acquisition, Hexagon and Cryoshelter cooperation will employ the LNG technology platform to further develop LH2 solutions for the heavy-duty transportation industry. Cryoshelter GmbH is an Austria-based firm that specializes in developing cryogenic tank technology for liquid hydrogen and natural gas (LNG/RLNG) (LH2).

The countries covered in the FRP vessels market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The FRP vessels market research report is one of a series of new reports from The Business Research Company that provides FRP vessels market statistics, including FRP vessels industry global market size, regional shares, competitors with FRP vessels market share, detailed FRP vessels market segments, market trends, and opportunities, and any further data you may need to thrive in the FRP vessels industry. This FRP vessels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r6137

Table of Contents

1. Executive Summary

2. FRP Vessels Market Characteristics

3. FRP Vessels Market Trends And Strategies

4. FRP Vessels Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On FRP Vessels Market
  • 4.2. Ukraine-Russia War Impact On FRP Vessels Market
  • 4.3. Impact Of High Inflation On FRP Vessels Market

5. FRP Vessels Market Size And Growth

  • 5.1. Global FRP Vessels Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global FRP Vessels Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. FRP Vessels Market Segmentation

  • 6.1. Global FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Glass
  • Carbon
  • Other Fibers
  • 6.2. Global FRP Vessels Market, Segmentation By Resin, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Polyester
  • Epoxy
  • Other Resins
  • 6.3. Global FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Automotive And Transportation
  • Chemicals
  • Industrial
  • Oil And Gas
  • Water And Wastewater
  • Other Applications

7. FRP Vessels Market Regional And Country Analysis

  • 7.1. Global FRP Vessels Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global FRP Vessels Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific FRP Vessels Market

  • 8.1. Asia-Pacific FRP Vessels Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China FRP Vessels Market

  • 9.1. China FRP Vessels Market Overview
  • 9.2. China FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India FRP Vessels Market

  • 10.1. India FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan FRP Vessels Market

  • 11.1. Japan FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia FRP Vessels Market

  • 12.1. Australia FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia FRP Vessels Market

  • 13.1. Indonesia FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea FRP Vessels Market

  • 14.1. South Korea FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe FRP Vessels Market

  • 15.1. Western Europe FRP Vessels Market Overview
  • 15.2. Western Europe FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK FRP Vessels Market

  • 16.1. UK FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany FRP Vessels Market

  • 17.1. Germany FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France FRP Vessels Market

  • 18.1. France FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe FRP Vessels Market

  • 19.1. Eastern Europe FRP Vessels Market Overview
  • 19.2. Eastern Europe FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia FRP Vessels Market

  • 20.1. Russia FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America FRP Vessels Market

  • 21.1. North America FRP Vessels Market Overview
  • 21.2. North America FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA FRP Vessels Market

  • 22.1. USA FRP Vessels Market Overview
  • 22.2. USA FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America FRP Vessels Market

  • 23.1. South America FRP Vessels Market Overview
  • 23.2. South America FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil FRP Vessels Market

  • 24.1. Brazil FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East FRP Vessels Market

  • 25.1. Middle East FRP Vessels Market Overview
  • 25.2. Middle East FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa FRP Vessels Market

  • 26.1. Africa FRP Vessels Market Overview
  • 26.2. Africa FRP Vessels Market, Segmentation By Fiber, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa FRP Vessels Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. FRP Vessels Market Competitive Landscape And Company Profiles

  • 27.1. FRP Vessels Market Competitive Landscape
  • 27.2. FRP Vessels Market Company Profiles
    • 27.2.1. Sainath Industrial Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Plas-Tank Industries Inc.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Augusta Fiberglass
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Group Surya
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. JRMS Engineering Works
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The FRP Vessels Market

29. FRP Vessels Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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