The global FRP vessels market forecast was valued at $1.1 billion in 2019, and is projected to reach $1.6 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027. - PowerPoint PPT Presentation
Title:
The global FRP vessels market forecast was valued at $1.1 billion in 2019, and is projected to reach $1.6 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
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Fiber reinforced plastic (FRP) is a combination of polymer matrix reinforced with fiber material. FRP vessels are modern equipment that is used in chemical plants, oil & gas, wastewater treatment plant, mining, and power. FRP is used to fabricate vessels that have size ranging from 1 meter to 20 meter. FRP vessels are fabricated through several design standards such as Bs4994-87, ASME RTP-1, ASTM 3299, and SS245:1995. These design standards are incorporated to ensure specified thickness of the vessels, axial stress, hoop stress, physical properties, and Young’s modulus. – PowerPoint PPT presentation
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Title: The global FRP vessels market forecast was valued at $1.1 billion in 2019, and is projected to reach $1.6 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
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FRP Vessels Market
- FRP Vessels Market Statistics - 2027
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The global FRP vessels market forecast was valued
at 1.1 billion in 2019, and is projected to
reach 1.6 billion by 2027, growing at a CAGR of
6.4 from 2020 to 2027. Fiber reinforced
plastic (FRP) is a combination of polymer matrix
reinforced with fiber material. FRP vessels are
modern equipment that is used in chemical plants,
oil gas, wastewater treatment plant, mining,
and power. FRP is used to fabricate vessels that
have size ranging from 1 meter to 20 meter.
Introduction
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3
FRP vessels market growth factors are rising
adoption of FRP vessels in chemical plants owing
to their beneficial properties such as light
weight, easy to handle, can be customized easily
depending upon customer requirement, and simple
installation process. In addition, growing need
of municipal waste water treatment and rising
number of portable water treatment plant is the
key market trend in the global market.
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4
Porters five forces analysis helps analyze the
potential of buyers suppliers and the
competitive scenario of the industry for strategy
building.
It outlines the current FRP vessels market trends
and future estimations from 2019 to 2027 to
understand the prevailing opportunities and
potential investment pockets.
The major countries in the region have been
mapped according to their individual revenue
contribution to the regional market.
The key drivers, restraints, and opportunities
and their detailed impact analysis are explained
in the study.
The profiles of key players and their key
strategic developments are enlisted in the
report.
Key benefits for stakeholders
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5
Sainath Industrial Corporation (SIC)
Plas-Tank Industries Inc.
Augusta Fiberglass
Group SuryaJRMS Engineering Works
TROY Dualam Inc.
Kaymo Fiber Reinforced Plastic Manufacture Co.
Ltd.
Swami Plastic Industries
Palmer
Key players
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6
Contact
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l 1-503-894-6022
Toll Free 1-800-792-5285
UK 44-845-528-1300
India (Pune)91-20-66346060
Fax1-800-792-5285
help_at_alliedmarketresearch.com
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