FRP Tank Global Market Report 2026

An FRP (Fiberglass-Reinforced Plastic) tank constitutes a composite product crafted from a blend of fiberglass reinforcement and a polymer matrix. These tanks find utility in storing gases or fluids that do not exhibit corrosive properties towards FRP.

The primary resin types employed in FRP tanks encompass polyester, epoxy, and others. Polyester serves as a high-performance material in FRP tanks, offering the flexibility to customize the tank's capacity based on required water volume and available space. Various fiber types, including carbon fiber and fiberglass, are utilized in the manufacturing of these tanks, catering to diverse applications such as water/wastewater management, septic systems, pulp and paper industry, chemical handling, petroleum storage, agricultural uses, aquaculture, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the frp tank market by increasing costs of imported fiberglass, resin systems, reinforcement materials, and fabrication equipment. Industrial and municipal projects in North America and Europe are most affected due to dependence on imported composite materials, while Asia-Pacific faces cost pressure on export-oriented production. These tariffs are increasing project costs and procurement timelines. However, they are encouraging domestic composite manufacturing, regional supplier development, and innovation in locally sourced FRP materials.

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

The frp tank market size has grown strongly in recent years. It will grow from $2.59 billion in 2025 to $2.76 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to expansion of water and wastewater treatment infrastructure, increasing use of chemical storage solutions, growth of agricultural storage applications, rising adoption of non-corrosive materials, availability of fiberglass manufacturing technologies.

The frp tank market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2030 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing demand for sustainable storage materials, expansion of industrial water treatment projects, growing focus on lifecycle cost reduction, rising investments in infrastructure modernization, technological advancements in composite manufacturing. Major trends in the forecast period include increasing use of corrosion-resistant storage solutions, rising demand for lightweight industrial storage tanks, growing adoption of frp tanks in water treatment, expansion of customized tank designs, enhanced focus on long service life materials.

The increasing demand for oil and gas storage systems is expected to drive the growth of the FRP tank market going forward. Oil and gas storage involves the use of tanks or terminals, located above or below ground, to store produced oil and gas. FRP tanks are widely used in the oil and gas industry to store fluids in bulk at different stages of the refining and processing cycle. These tanks are commonly employed for short-term storage before products are transported for further processing. For example, in June 2023, according to data published by the US Energy Information Administration, a federal statistical and analytical agency, global oil demand is projected to increase by 6% between 2022 and 2028, reaching 105.7 million barrels per day. Additionally, global upstream investment in oil and gas exploration, extraction, and production was expected to rise by 11% year on year to a record USD 528 billion in 2023. Therefore, the growing need for oil and gas storage systems is fueling the expansion of the FRP tank market.

Key companies operating in the FRP tank market are focusing on product innovation, including the development of advanced FRP tank sumps manufactured using sheet-molded compound (SMC) technology, to improve durability, safety, and installation efficiency. FRP tank sumps produced through the SMC manufacturing process feature consistently thick and smooth walls that create a secure, watertight seal, enhance bonding with entry fittings, resist structural deflection, and reduce the likelihood of leaks in fuel storage applications. For instance, in August 2023, OPW, a US-based provider of precision-engineered solutions for the safe and efficient storage, handling, and transportation of industrial gases and liquids, introduced the TSE Tank Sump manufactured using SMC technology. This product ensures high quality, rapid delivery, and strong value, making it suitable for fuel retailers seeking a simple secondary containment solution. The TSE Tank Sump offers smooth, uniform walls for improved sealing and leak prevention, along with two mounting options-collar-ring and solid-bottom-and available seal kits that simplify installation and maintenance for retail fueling operators.

In March 2023, Shawcor, a Canada-based energy services company specializing in products and services for the pipeline and pipe services segment, acquired the assets of Triton Stormwater Solutions for an undisclosed amount. Through this acquisition, Shawcor expanded its technology portfolio and enhanced its ability to deliver comprehensive composite materials-based stormwater management solutions. Triton Stormwater Solutions is a US-based company that provides underground FRP tanks for liquid fuel storage and water management applications.

Major companies operating in the frp tank market are Enduro Composites Inc., LF Manufacturing Inc., Amiantit Fiberglass Industries Limited, Future Pipe Industries LLC, SELIP s.p.a., ZCL Composites, Augusta Fiberglass Coatings Inc., Belding Tank Technologies Inc., Design Tanks LLC, Diamond Fiberglass LLC, Ershigs Inc., Fiber Glass Systems LLC, Palmer of Texas, Perry Fiberglass Products Inc., Plas-Tanks Industries Inc., Precision Tank & Equipment Co., Xerxes Corporation, GRP Water Tanks LLC, Megha Pro Tech Systems Pvt Ltd., Fiber Tech Composite Private Limited, EPP Composites Pvt Ltd., Ashland Inc., Huntsman Corporation

Asia-Pacific was the largest region in the FRP tank market in 2025 and is expected to be the fastest-growing region in the FRP tank market during the forecast period. The regions covered in the frp tank market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the frp tank market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The FRP tank market consists of sales of cylindrical vertical storage tanks, cylindrical horizontal storage tanks, rectangular tanks, pickling tanks, FRP and dual laminate tanks, and conical bottom tanks. 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.

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.

FRP Tank Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses frp tank 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.

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Where is the largest and fastest growing market for frp tank ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The frp tank 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Resin Type: Polyester; Epoxy; Other Resin Types
• 2) By Fiber Type: Basalt Fiber; Aramid Fiber; Fiberglass
• 3) By Application: Water Or wastewater; Septic; Pulp And Paper; Chemical; Agriculture And Aquaculture; Other Applications
• Subsegments:
• 1) By Polyester: Unsaturated Polyester; Orthophthalic Polyester; Isophthalic Polyester
• 2) By Epoxy: Bisphenol A Epoxy; Novolac Epoxy; Glycidyl Epoxy
• 3) By Other Resin Types: Vinyl Ester; Phenolic; Polyurethane
• Companies Mentioned: Enduro Composites Inc.; LF Manufacturing Inc.; Amiantit Fiberglass Industries Limited; Future Pipe Industries LLC; SELIP s.p.a.; ZCL Composites; Augusta Fiberglass Coatings Inc.; Belding Tank Technologies Inc.; Design Tanks LLC; Diamond Fiberglass LLC; Ershigs Inc.; Fiber Glass Systems LLC; Palmer of Texas; Perry Fiberglass Products Inc.; Plas-Tanks Industries Inc.; Precision Tank & Equipment Co.; Xerxes Corporation; GRP Water Tanks LLC; Megha Pro Tech Systems Pvt Ltd.; Fiber Tech Composite Private Limited; EPP Composites Pvt Ltd.; Ashland Inc.; Huntsman Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; 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.
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