FRP Vessels Global Market Report 2026

FRP (fiberglass reinforced plastic) vessels are large tanks made from high-grade FRP material. These vessels are known for their exceptional resistance to harsh and extreme conditions. They find applications in various industries, including chemical processing, water treatment, and pharmaceuticals, thanks to their corrosion resistance, durability, and lightweight characteristics.

The fibers utilized in FRP vessels include glass, carbon, and other materials. Fiberglass itself is a type of plastic reinforced with small glass threads, providing insulation against heat loss. The resins employed in FRP vessels consist of polyester, epoxy, and other types. These vessels find application in various industries such as automotive and transportation, chemicals, industrial settings, oil and gas, water and wastewater treatment, and more. The robust nature of FRP vessels, coupled with their resistance to adverse conditions, makes them a reliable choice for storage and containment in diverse applications.

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 impacting the frp vessels market by increasing costs of imported fibers, specialty resins, curing agents, and large-scale fabrication equipment. Chemical and water treatment industries in North America and Europe are most affected due to reliance on imported composite materials, while Asia-Pacific faces export-related cost pressures. These tariffs are elevating vessel prices and project budgets. However, they are also supporting domestic composite production, regional vessel fabrication, and innovation in cost-optimized FRP vessel manufacturing.

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 a 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 scenario of the industry.

The frp vessels market size has grown strongly in recent years. It will grow from $3.59 billion in 2025 to $3.89 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to expansion of chemical processing capacity, growth of water and wastewater treatment facilities, increasing demand for lightweight pressure vessels, adoption of fiberglass composites in industry, rising industrial safety requirements.

The frp vessels market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing investments in sustainable industrial infrastructure, expansion of pharmaceutical and chemical manufacturing, growing preference for non-metallic vessels, rising focus on long-term asset durability, technological advancements in high-strength composites. Major trends in the forecast period include increasing adoption of large-capacity frp vessels, rising demand for corrosion-resistant industrial equipment, growing use of advanced resin systems, expansion of frp vessels in water and chemical industries, enhanced focus on structural durability.

The increasing demand for alternative fuel vehicles is expected to drive the growth of the FRP vessels market going forward. Alternative fuel vehicles are automobiles that operate on fuels other than conventional gasoline or diesel, including ethanol, electricity (such as solar-generated power), and biodiesel. FRP vessels are used in the production of various electric vehicle components, where their high strength and lightweight properties contribute to improved fuel efficiency and extended component lifespan. For example, in January 2024, according to the US Department of Energy, a government agency, plug-in electric vehicles accounted for 9.8% of all light-duty vehicle sales in December 2023, up from 7.8% in December 2022. Throughout 2023, plug-in vehicles consistently represented at least 8% of monthly sales, compared with a range of 5.5% to 7.8% in 2022. Therefore, the rising adoption of alternative fuel vehicles is fueling the growth of the FRP vessels market.

Companies operating in the FRP vessels market are increasingly concentrating on the development of advanced solutions, such as high-performance composite vessels, to replace conventional metal or basic FRP tanks and meet stringent industrial requirements. High-performance composite vessels are advanced storage systems that use durable and sustainable composite materials to reduce weight, improve chemical and thermal resistance, and enable safer storage and transportation of cryogenic and hazardous materials. For instance, in December 2023, Omni Tanker Pty Ltd, an Australia-based composites manufacturer, in collaboration with Lockheed Martin Corporation and the University of New South Wales (UNSW), introduced two carbon-fiber composite tanks: a fluoropolymer-lined "Type IV" vessel and a liner-less "Type V" vessel. These composite tanks are designed for the storage of cryogenic liquid hydrogen and helium and can safely contain substances such as hydrogen, oxygen, hydrogen peroxide, and hydrazine at extreme temperatures. Integrated with Omni Tanker's patented composite vessel technology, these solutions provide lightweight, durable, and chemically resistant storage, enhancing operational safety, lowering maintenance needs, and supporting advanced applications across industrial, aerospace, and clean energy sectors.

In October 2025, Weichai Heavy Machinery Co. Ltd., a China-based manufacturer of heavy machinery and marine equipment, acquired Changzhou FRP Shipyard Co. Ltd. for approximately US$69 million. Through this acquisition, Weichai Heavy Machinery aims to strengthen its marine solutions portfolio by incorporating Changzhou FRP Shipyard's expertise in fiberglass reinforced plastic vessel construction, thereby expanding its shipbuilding capabilities and supporting growth in the commercial marine market. Changzhou FRP Shipyard Co. Ltd. is a China-based company specializing in the design and manufacture of fiberglass reinforced plastic vessels.

Major companies operating in the frp vessels market are Belco Manufacturing Co, Augusta Fiberglass Coatings Inc, Enduro Composites Inc, ZCL Composites Inc, Hengrun Group Co Ltd, RL Industries, Denali Incorporated, L F Manufacturing Inc, EPP Composites Pvt Ltd, CMI Composites, CGH Belgium Group, Plasticon Composites, Ershigs Inc, Beijing Zhongxing Shiqiang Fiberglass Reinforced Plastic Co Ltd, Amiblu Holding GmbH, Shreya Industries, Balaji Fiber Reinforce Pvt Ltd, KCH Services Inc, Composites USA, Industrial Plastic Systems Inc, HOBAS Pipe USA Inc, Strongwell Corporation

Asia-Pacific was the largest region in the FRP vessels market share in 2025. The regions covered in the frp vessels 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 vessels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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 Vessels 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 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.

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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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, 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 Fiber: Glass Fiber; Carbon Fiber; Specialty Fiber
• 2) By Resin: Polyester; Epoxy; Other Resins
• 3) By Applications: Automotive And Transportation; Chemicals; Industrial; Oil And Gas; Water And Wastewater; Other Applications
• Subsegments:
• 1) By Glass Fiber: E-Glass Fiber; S-Glass Fiber
• 2) By Carbon Fiber: High-Modulus Carbon Fiber; Standard Carbon Fiber
• 3) By Other Fibers: Aramid Fiber; Basalt Fiber
• Companies Mentioned: Belco Manufacturing Co; Augusta Fiberglass Coatings Inc; Enduro Composites Inc; ZCL Composites Inc; Hengrun Group Co Ltd; RL Industries; Denali Incorporated; L F Manufacturing Inc; EPP Composites Pvt Ltd; CMI Composites; CGH Belgium Group; Plasticon Composites; Ershigs Inc; Beijing Zhongxing Shiqiang Fiberglass Reinforced Plastic Co Ltd; Amiblu Holding GmbH; Shreya Industries; Balaji Fiber Reinforce Pvt Ltd; KCH Services Inc; Composites USA; Industrial Plastic Systems Inc; HOBAS Pipe USA Inc; Strongwell 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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