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

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US FRP Tank Market: By Resin Type (Polyester Resins, Epoxy Resins, Vinyl Resins, Others), By Fiber Type (Glass Fibers, Carbon Fibers, Aramid Fibers), and By Application (Water & Waste Water, Chemicals, Oil & Gas, Pulp & Paper, Power, Agriculture/Aquaculture, Septic)

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Report

Description

US FRP Tank Market size valued USD 315.0 million in 2020 and poised to grow at significant CAGR during the forecast period 2021-2027 due to increase in the use of FRP tanks in heavy vehicles in U.S. Moreover, increase in demand from water and waste water treatments, wide applications of FRP tanks in areas like sewage, offshore, chemical, oil and gas, and retail fuel, and technological improvements in the FRP tanks are the major factors that are driving the growth of the FRP tank market in the U.S. region. This report studies market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, US FRP tank market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

US FRP Tank Market

MARKET SUMMARY
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x% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– x%

US FRP Tank Market

  • US FRP tank market report gives comprehensive outlook across the on US FRP tank market with special emphasis on United States of America.
  • The report on US FRP tank market gives historical, current, and future market sizes (US$ Mn) on the basis of resin type, fiber type and application.
  • Key stakeholders of the US FRP tank market report include suppliers, manufacturers, and marketers engaged in US FRP tank products.
Key Players
  • Augusta Fiberglass Coatings
  • Belco Manufacturing, Inc.
  • Composite Technology Development, Inc.
  • EPP Composites
  • Granby Industries
US FRP Tank Market

Drivers And Restraints

Increase in use of FRP tanks in heavy vehicles in U.S is a key factor propel the FRP tanks market over the forecast years. FRP composite are widely replacing the old age iron, steel or other metal formed tanks are taking the properties to another level such as low cost, long life and no corrosion. Government rules and regulations for water preservation and encouragement of rain water harvest are boosting the demand for FRP tank, especially in the US. Moreover, Rising demand for lightweight and superior properties of composites and increasing demand of FRP tanks for heavy vehicles in North America are responsible for the market growth. Light weighting is a key strategy to increase transportation energy efficiency and fuel economy while continuing to meet safety standards.Augusta Fiberglass Coatings


US FRP Tank Market

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

Key

Findings of the Report

  • US FRP tank market expanding at significant CAGR over 2021 to 2027 owing to increase in the launch of newer products into market
  • Based on resin type, polyester resins accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in US FRP tank market

Key

Features of the Report

US FRP Tank Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • ZCL Composites
  • Luxfer Group
  • Belco Manufacturing, Inc.
  • LF Manufacturing
  • Plasticon Composites
  • Augusta Fiberglass Coatings
  • EPP Composites
  • Composite Technology Development, Inc.
  • Granby Industries
  • Plas Tanks Industries, Inc.
  • Hexagon Composite Engineering Sdn Bhd

Description

US FRP Tank Market size valued USD 315.0 million in 2020 and poised to grow at significant CAGR during the forecast period 2021-2027 due to increase in the use of FRP tanks in heavy vehicles in U.S. Moreover, increase in demand from water and waste water treatments, wide applications of FRP tanks in areas like sewage, offshore, chemical, oil and gas, and retail fuel, and technological improvements in the FRP tanks are the major factors that are driving the growth of the FRP tank market in the U.S. region. This report studies market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, US FRP tank market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

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