According to a new market report published by
Lucintel, the future of FRP tank in the global water and wastewater market looks
promising with opportunities in municipal, industrial, residential, and commercial
end use industry. FRP tank in the global water and wastewater market is
expected to reach $1.0 billion by 2024 with a CAGR of 4.8% from 2019 to 2024. The major drivers for this
market are growing construction activities, increasing concerns towards water
conservation and fire protection, and aging water infrastructure.
In this market, FRP tank is used in various
applications, such as wastewater, industrial wastewater, plumbing &
engineered solutions, water conservation, and potable water. On the basis of comprehensive
research, Lucintel forecasts that the 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.
Within this market, the municipal end use
industry will remain the largest end use segment and it 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.
APAC will remain the largest region and it is also
expected to 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.
An emerging trend, which has a direct impact
on the dynamics of the industry, includes development of new dual usage of FRP
tank i.e. for fire protection as well as for potable water. Containment
Solution, ZCL Composites Inc., Hengrun Group, Zurn Green Turtel, Orenco
Systems, Amiantit, Plastilon Oy, Belco Manufacturing, China National Building Material
Company Limited, Permian Tank & Manufacturing, and L.F. Manufacturing are among
the leading manufacturers of FRP tank in the global water and wastewater
market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities of FRP tank in the global water and wastewater market by end
use industry, application, installation, capacity, and region. Lucintel has
prepared a comprehensive research report entitled “Growth
Opportunities of FRP Tank in Global Water and Wastewater Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves
as a catalyst for growth strategy as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes market
trends and forecasts for FRP tank in the global water and wastewater market
segmented by end use industry, application, installation, capacity, and region
as follows:
By End
Use ($M shipment analysis for 2013 to 2024):
- Municipal
- Industrial
- Residential
- Commercial
By Application
($M shipment analysis for 2013 to 2024):
- Wastewater
- Industrial
Wastewater
- Plumbing
Engineered Solutions
- Water
Conservation
- Potable Water
- Fire
Protection
By Installation ($M
shipment analysis for 2013 to 2024):
- Underground
- Above ground
By Capacity ($M
shipment analysis for 2013 to 2024):
- Less Than 5k
Liters
- 5k-50k Liters
- 50k-25k Liters
By
Region ($M shipment analysis for 2013 to 2024):
- North America
- Europe
- Asia Pacific
(APAC)
- Rest of the
World (ROW)
This
189 page 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 helpdesk@lucintel.com. Lucintel offerings
include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers the following 11 key
questions:
Q.1.What are some of the most promising,
high-growth of FRP tank in the global 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).
Q.2.Which
application segments will grow at a faster pace and why?
Q.3.Which
region will grow at a faster pace and why?
Q.4.What
are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5.What
are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some changing demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10.What
are some of the competitive products in this market and how great of a threat
do they pose for loss of market share through product substitution?
Q.11.What
M & A activities have transpired in the last 5 years in this market and how
have they affected the industry?
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