According to the recent study the FRP tank market is projected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by growing demand for oil and gas storage systems, and expansion of chemical plants, rapid urbanization and infrastructure development in developing countries.
Browse 109 figures/charts
and 75 tables in this 192-page report to understand trends, opportunities and
forecast in FRP tank market by application (water/wastewater, septic, pulp and
paper, chemical, petroleum, agriculture, aquaculture, and others), resin type
(polyester composites, vinyl ester composites and other), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
water/wastewater will remain the largest market by value and volume over the
forecast period due to infrastructural development.
Polyester composites FRP
tank will remain the largest segment over the forecast period due to its
increasing use in various end use industry.
Download sample by clicking on
FRP tank market
Asia Pacific is expected
to remain the largest region over the forecast period due to increasing energy
demand, demand from retail fuel stations, increasing number of desalination
plants, looming fresh water shortage, conservation of rainwater, and gaining
momentum in replacing old existing tanks. Europe is expected to witness the
highest growth over the forecast period.
Hengrun Group Co., Ltd.,
ZCL Composites Inc. (Shwacor Ltd.), Containment Solutions, Orenco Systems Inc.,
Belco Manufacturing Co. Inc., L.F. Manufacturing, Inc., Zurn Green Turtle,
Hydro Dynamic Engineering Pte Ltd, Induro International, Hao Hua Zhongyi GFRP
Co. Ltd, Fabricated Plastic Limited, and Amiantit, Diamond Fiberglass are the
major suppliers in the FRP tank 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
Explore Our Latest Publications
No comments:
Post a Comment