Global FRP Tank Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global FRP Tank Market: By Fibre Reinforcement (Glass fibre and Carbon fibre), By Material Type (Polyester, Epoxy, Vinyl esters and Others), By Application (Water & Waste Water, Pulp & Paper, Chemicals, Oil & gas, Power), End User (Aerospace, Construction, Transportation, Others) and Geography

 

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Report

Description

The Global FRP Tank Market was valued at US$ 2.08 Billion in the year 2020 and anticipated to grow USD 3.34 Billion by 2027 at CAGR of 7% over the forecast period 2021-2027 due to increase in waste water treatment plants, chemical industries, oil and gas industries. FRP tanks are tanks or vessels made up of fiberglass-reinforced plastics which is a modern composite material. This material is highly corrosive resistant and leak proof. Moreover, there are many more advantages of these tanks like light weight, high physical strength, easy maintenance and less down time with good insulating qualities and they have wide range of applications in different industries for storage of chemicals or any other corrosive material, these are the major factors that are driving the growth of the global Market over the forecast timeframe. This report studies global FRP tank market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analysed global FRP tank market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Due to the lightweight and excellent qualities of composites, low maintenance, and long product life, FRP tanks are becoming increasingly important in water and waste water, chemicals, and oil and gas applications. The years covered in this study for calculating the market size of FRP tanks. The principal material for their facility is storage tanks. In many manufacturing and industrial sectors, FRP tanks are rapidly replacing traditional materials, and this acceptance is propelling the global market for FRP tanks. For the automobile industry, FRP tanks provide a reliable solution at a reasonable cost, and many companies are migrating to this low-cost alternative.

FRP Tank Market

MARKET SUMMARY
-
7%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 7%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

FRP Tank Market

  • Global FRP tank market report gives comprehensive outlook on FRP tank across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global FRP tank market gives historical, current, and future market sizes (US$ Mn) on the basis of material, Type of Fibre Reinforcement, Application, End User and region.
  • Key stakeholders of the global FRP tank market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global FRP tank products.
Market Key Players
  • ZCL Composites (Canada)
  • Enduro Composites (U.S.)
  • LF Manufacturing (U.S.)
  • BSF FRP INDUSTRIES (India)
  • Edwards Fiberglass (U.S)
  • Denali Inc. (U.S.)
  • EPP Composites (India)
  • Hexagon Composite Engineering Sdn Bhd (Malaysia)
  • Composite Technology Development, Inc. (U.S.)
  • Luxfer Group (U.K.)
  • Hexagon Composites ASA (Norway)
Growth

FRP Tank Market

Increase in the water treatment plants and chemical industries are key factors drive the global FRP tank market. Due to the increased awareness regarding water pollution and water management around the world many projects related to this have started by the governments of various countries and using FRP tanks to store waste water. Moreover, the wide applications of these tanks in various industries like chemical industry, oil and gas industry power plants, paper and pulp industry are anticipated to propel the global market over the forecast years.


Asia-Pacific Got Significant Share

FRP Tank Market

Asia Pacific accounted for larger revenue share in global market with significant CAGR, because of high demand of lightweight and non-corrosive storage tanks from the chemical, power, and water & waste water treatment industries and Increasing demand for energy, demand from retail fuel stations, increasing number of desalination plants, looming freshwater shortage, conservation of rainwater, and growing replacement of old existing tanks. North America FRP tank market projected to grow at significant rate owing to increase in chemical Industries are expected to enhance the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global FRP tank market expanding at significant CAGR over 2021 to 2027 owing to increase in the waste water treatment projects.
  • Based on application, water and waste water segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period.
  • Players focusing on innovation of newer forms of products and collaboration strategies to retain market position in global market.

Key

Key Features of the Report

FRP Tank Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global FRP Tank Market Introduction
    • Global FRP Tank Market– Taxonomy
    • Global FRP Tank Market–Definitions
      • Material
      • Application
  1. Global FRP Tank Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global FRP Tank Market Dynamic Factors – Impact Analysis
    • Global FRP Tank Market– Competition Landscape
  2. Global FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global FRP Tank Market, By Material, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Polyester
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Epoxy
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • vinylesters
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global FRP Tank Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025
    • Water & waste water
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemicals
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oil & gas
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pulp & paper
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Power
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global FRP Tank Market Forecast, By End User, 2014 – 2018 and Forecast, 2019 – 2025
    • Aerospace
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Construction
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transportation
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global FRP Tank Market, By Type of Fibre Reinforcement, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Glass fibre
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Carbon fibre
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global FRP Tank Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Region, 2019 – 2025
  2. North America FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • By Material Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyester
      • Epoxy
      • vinylesters
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Water & waste water
      • Chemicals
      • Pulp & paper
      • Power
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Construction
      • Transportation
      • Others
    • Type of Fibre Reinforcement Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Glass fibre
      • Carbon fibre
  • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
    • US.
    • Canada
  • North America FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Country, 2019 – 2025
  • North America FRP Tank Market Dynamics – Trends
  1. Europe FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • By Material Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyester
      • Epoxy
      • vinylesters
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Water & waste water
      • Chemicals
      • Pulp & paper
      • Power
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Construction
      • Transportation
      • Others
    • Type of Fibre Reinforcement Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Glass fibre
      • Carbon fibre
  • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
    • Rest of Europe
  • Europe FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Country, 2019 – 2025
  • Europe FRP Tank Market Dynamics – Trends
  1. Asia-Pacific FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • By Material Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyester
      • Epoxy
      • vinylesters
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Water & waste water
      • Chemicals
      • Pulp & paper
      • Power
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Construction
      • Transportation
      • Others
    • Type of Fibre Reinforcement Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Glass fibre
      • Carbon fibre
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Country, 2019 – 2025
    • Asia-Pacific FRP Tank Market Dynamics – Trends
  2. Latin America FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • By Material Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyester
      • Epoxy
      • vinylesters
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Water & waste water
      • Chemicals
      • Pulp & paper
      • Power
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Construction
      • Transportation
      • Others
    • Type of Fibre Reinforcement Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Glass fibre
      • Carbon fibre
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Country, 2019 – 2025
    • Latin America FRP Tank Market Dynamics – Trends
  3. Middle East and Africa FRP Tank Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • By Material Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyester
      • Epoxy
      • vinylesters
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Water & waste water
      • Chemicals
      • Pulp & paper
      • Power
      • Others
    • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Construction
      • Transportation
      • Others
    • Type of Fibre Reinforcement Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Glass fibre
      • Carbon fibre
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA FRP Tank Market- Opportunity Analysis Index, By Material, Application, Distribution Channel, and Country, 2019 – 2025
    • MEA FRP Tank Market Dynamics – Trends
  4. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • ZCL Composites (Canada)
      • Enduro Composites (U.S.)
      • LF Manufacturing (U.S.)
      • BSF FRP INDUSTRIES (India)
      • Edwards Fiberglass (U.S)
      • Denali Inc. (U.S.)
      • EPP Composites (India)
      • Hexagon Composite Engineering Sdn Bhd (Malaysia)
      • Composite Type of Fibre Reinforcement Development, Inc. (U.S.)
      • Luxfer Group (U.K.)
      • Hexagon Composites ASA (Norway)
  1. .Research Methodology

Key Assumptions and Acronyms


Report

Company Profile

Competition Assessment

  • ZCL Composites (Canada)
  • Enduro Composites (U.S.)
  • LF Manufacturing (U.S.)
  • BSF FRP INDUSTRIES (India)
  • Edwards Fiberglass (U.S)
  • Denali Inc. (U.S.)
  • EPP Composites (India)
  • Hexagon Composite Engineering Sdn Bhd (Malaysia)
  • Composite Technology Development, Inc. (U.S.)
  • Luxfer Group (U.K.)
  • Hexagon Composites ASA (Norway)

Description

The Global FRP Tank Market was valued at US$ 2.08 Billion in the year 2020 and anticipated to grow USD 3.34 Billion by 2027 at CAGR of 7% over the forecast period 2021-2027 due to increase in waste water treatment plants, chemical industries, oil and gas industries. FRP tanks are tanks or vessels made up of fiberglass-reinforced plastics which is a modern composite material. This material is highly corrosive resistant and leak proof. Moreover, there are many more advantages of these tanks like light weight, high physical strength, easy maintenance and less down time with good insulating qualities and they have wide range of applications in different industries for storage of chemicals or any other corrosive material, these are the major factors that are driving the growth of the global Market over the forecast timeframe. This report studies global FRP tank market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analysed global FRP tank market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Due to the lightweight and excellent qualities of composites, low maintenance, and long product life, FRP tanks are becoming increasingly important in water and waste water, chemicals, and oil and gas applications. The years covered in this study for calculating the market size of FRP tanks. The principal material for their facility is storage tanks. In many manufacturing and industrial sectors, FRP tanks are rapidly replacing traditional materials, and this acceptance is propelling the global market for FRP tanks. For the automobile industry, FRP tanks provide a reliable solution at a reasonable cost, and many companies are migrating to this low-cost alternative.

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