Lucintel Blog: Lucintel Forecasts North American FRP Tank Market to Reach $0.8 Billion by 2028

Thursday, October 26, 2023

Lucintel Forecasts North American FRP Tank Market to Reach $0.8 Billion by 2028

According to the recent study the North American FRP Tank Market is projected to reach an estimated $0.8 billion by 2028 from $0.6 billion in 2022, at a CAGR of 5% from 2022 to 2028. Growth in this market is primarily driven by increasing use of composites products over metals, steel, and concrete made tanks due to high strength, greater corrosion resistance, and faster manufacturing process.

Browse 72 figures/charts and 52 tables in this 148 -page report to understand trends, opportunities and forecast in North American FRP tank market by application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture/aquaculture, and others), type (under storage tank, and above storage tank), process (filament winding, centrifugal casting, lay-up and spray-up), and Country (Eastern Canada, Eastern US, Central US, Western US, Western Canada, and Texas, OK, LA).

Download sample report by clicking on below link

https://www.lucintel.com/north-american-frp-tank-market.aspx

“Water/wastewater market is expected to remain the largest segment during the forecast period.”

Based on application, the North American FRP tank market is segmented into water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture/aquaculture, and others. Lucintel forecasts that the water/wastewater segment will remain the largest application by value and volume during the forecast period due to infrastructural development. Septic is expected to witness highest growth over the forecast period.

“Within the North American FRP tank market, the above storage tank segment is expected to remain the largest type.”

Based on type the above storage tank segment is expected to witness the highest growth over the forecast period due to its increasing use in the chemical and water/wastewater application.

Download Brochure of this report by clicking on https://www.lucintel.com/north-american-frp-tank-market.aspx

Major players of North American FRP tank market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Shawcor, Containment Solution, Belco Manufacturing Co. Inc., L.F. Manufacturing Inc., Orenco Systems Inc., Zurn Green Turtle, Fabricated Plastic Limited, Diamond Fiberglass are among the major North American FRP tank providers.

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 click on this link https://www.lucintel.com/north-american-frp-tank-market.aspx or 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. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer

Director of Client Engagements

Lucintel

Dallas, Texas, USA

Cell: 210-878-7693

roy.almaguer@lucintel.com

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