- Polyester Resins
- Epoxy Resins
- Vinyl Resins
- Others
US FRP Tank Market size valued USD 315.0 million in 2022 and poised to grow at significant CAGR during the forecast period 2024-2030 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 Dynamics
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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Us Frp Tank Market Segmentation
By Resin Type
By Fiber Type
- Glass Fibers
- Carbon Fibers
- Aramid Fibers
By Application Type
- Water and Waste Water
- Chemicals
- Oil and Gas
- Pulp and Paper
- Power
- Agriculture/Aquaculture
- Septic
Frequently Asked Questions
2023 is the base year and 2030 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.
- 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