FRP Tank Market worth 2.32 Billion USD by 2021

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MarketsandMarkets Presents
FRP Tank Market by Resin Type, Fiber Type,
Application - Global Trends Forecasts to 2021

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FRP Tank Market worth 2.32 Billion USD by 2021
The report "FRP Tank Market by Resin Type
(Polyester and Epoxy), Fiber Type (Carbon
Glass), Application (Water Waste Water
Treatment, Chemical, Oil and Gas, Pulp Paper,
and Power) - Global Forecast to 2021", The FRP
tank market was worth USD 1.76 Billion in 2015,
and is projected to reach USD 2.32 Billion by
2021 at a CAGR of 4.73 between 2016 and 2021.
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FRP Tank Market worth 2.32 Billion USD by 2021
Browse gtgt 72 data tables
51 figures
144 pages and in-depth TOC on FRP Tank Market
Early buyers will receive 10 customization on
this report. This is a Premium Report Priced
at US 5650 for single user. The market for FRP
tank is driven by the increasing demand for
lightweight and non-corrosive storage tanks in
water treatment, chemical, and oil gas
applications. Lower maintenance of FRP tanks also
helps in lowering the overall operating cost of
storing and transporting water and other
chemicals. Report Price - Single User License
US 5650 Corporate User License US 8150
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FRP Tank Market worth 2.32 Billion USD by 2021
Glass fibers comprise a major share in the FRP
tank market, in terms of value Glass fiber is
the leading type of fiber used for various FRP
tanks applications such as chemicals, oil gas,
water waste water, pulp paper, and so on.
This is because of its lower cost and superior
properties such as strength, flexibility,
durability, stability, lightweight, as well as
resistance to heat, temperature, and moisture.
Less complexity and lower maintenance cost in
manufacturing of glass fiber-based FRP tanks
contributed to the dominance of these tanks.
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FRP Tank Market worth 2.32 Billion USD by 2021
Water and Waste Water is the largest application
market for FRP tank, in terms of volume FRP
tanks generally use glass fiber reinforced
polymers and offer complete solutions against
highly corrosive fluids and harsh environment
conditions at various temperatures, pressures,
and adverse weather and soil conditions.
Composite tanks are used in portable water
storage and waste water storage. Wastewater
contains faeces, urine, and other solid waste in
different concentrations having different
densities, particle size, and hardness these
particles damage the tanks from within.
Traditional tanks made up of steel used to
corrode quickly and break due to the nature of
waste they carried. Metal tanks in the sewage
system are now being replaced by the FRP tanks.
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FRP Tank Market worth 2.32 Billion USD by 2021
Asia-Pacific accounts for a major share of the
FRP tank market Asia-Pacific accounts for the
largest market of FRP tank, globally, due to the
high demand of lightweight and non-corrosive
storage tanks from the chemical, power, and water
waste water applications. China has become one
of the single-largest consumers of FRP tanks in
various applications due to the large presence of
end-use industries of FRP tank in the region.
India is also estimated to be one of the
promising markets of FRP tank due to its strong
economic growth and rapid urbanization. Growth of
water and waste water treatment industry in India
is expected to drive the FRP tank market in the
country.
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FRP Tank Market worth 2.32 Billion USD by 2021
Key market players in the UV adhesive market -
Some of the key global players prevailing in the
FRP tank market are Enduro Composites (U.S.), ZCL
Composites (Canada), Luxfer holdings (U.K.), and
Hexagon Composite Engineering Sdn Bhd (Malaysia).
These players have adopted various organic and
inorganic developmental strategies in the past
five years. Purchase a Copy of this Report
Today !
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