According to the recent study the FRP tank in the water and wastewater market is projected to reach an estimated $900 million by 2030 from $684 million in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
Browse 108 figures /
charts and 86 tables in this 189 -page report to understand trends,
opportunities and forecast in FRP tank in the water and wastewater market by application
(wastewater, industrial wastewater, plumbing engineered solutions, water
conservation, potable water, fire protection), by installation (underground and
aboveground), by capacity (less than 5k, 5k-50k, and 50k-250k), by end use
industry (municipal, industrial, residential and commercial), region (North
America, Europe, APAC, and the Rest of the World).
Lucintel forecasts that
municipal use will remain the largest end use segment and is also expected to
witness the highest growth over the forecast period due to growth in water
infrastructure activities in the emerging economies such as China and India.
Wastewater application
will remain the largest application and it is expected to witness highest
growth over the forecast period due to increasing government spending on
recycling and reuse of wastewater.
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FRP tank in the water and wastewater
market
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to rapid industrialization, urbanization and high government
investment for infrastructure development, and water/waste water management
programs.
Containment Solutions,
ZCL Composites Inc., Orenco Systems Inc., Hengrun Group Co. Ltd, Belco
Manufacturing Co. Inc., L.F. Manufacturing, Inc., and Zurn Green Turtle are the
major suppliers in the FRP tank in the water and wastewater market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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