1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends

Global FRP Tank Market 2013-2018: Trend, Forecast, and Opportunity Analysis, November 2013

  • January 2014
  • Lucintel
Report ID: 2074994


Table of Contents


Growing demand for oil and gas storage systems, and expansion of chemical plants are likely to
boost the global FRP tank market. Lucintel expects moderate growth in the market, especially in
APAC region which is observing high demand for FRP tanks. Global FRP tank market is
expected to reach $2,165 million in 2018 promising a huge opportunity for the firms operating
across the value chain of global FRP tank market.

Lucintel, a leading global management consulting and market research firm, has conducted a
detailed analysis on the various players and segments of the industry and presents its findings in
“Global FRP Tank Market 2013-2018: Trend, Forecast, and Opportunity Analysis.” The
report analyses global FRP tank market for four regions and seven application areas. Global FRP
tank market is segmented by region (North America, Europe, APAC, and ROW), and by
application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture,
aquaculture, and others).

Government rule and regulations for water preservation and encouragement of rain water harvest
are boosting the demand for FRP tank, especially in the US. Rapid urbanization and
infrastructure development in developing countries help to drive the FRP tank market in
applications such as water/wastewater and septic. Increasing number of retail fuel stations and
new application areas such as food processing, pharmaceutical, and heating oil storage systems
are likely to drive the FRP tank market.

This report states that APAC dominates the global FRP tank market. 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 are
the key factors that drive the FRP tank market in APAC.

Lucintel highlights the key challenges faced by global FRP tank market. The key challenges in the
FRP tank market are the higher prices of FRP tanks as compared to competing material tanks
and lack of awareness among user industries. Low replacement rate of existing tanks in
petroleum, septic, and chemical application are also proving to be a challenge for global FRP
tank market. Despite higher cost, FRP tank has a better service life and performance benefits
which makes it economically viable in the long run.

This report gives insights of the market trend (2007-2012) and forecast period (2013-2018) which
will help the interested companies make key decisions. The report includes the region-wise
analysis for seven applications by value and volume. It is important for every player serving an
industry to be aware of the growth opportunities, drivers and challenges, and emerging trends.

This unique report from Lucintel will provide you with valuable information, insights, and tools
needed to identify new growth opportunities and operate your business successfully in this
market. This report will save hundreds of hours of your own personal research time and will
significantly benefit you in expanding your business in this market. In today’s stringent economy,
you need every advantage that you can find.

Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This
market report fulfills this core need and is an indispensable reference guide for multinational

that operate in this market.

Some of the features of “Global FRP Tank Market 2013-2018: Trend, Forecast and Opportunity
Analysis” include:

Analysis of competitive intensity of the industry based on Porter’s Five Forces model
which helps to understand the competitive position of industry players

Global FRP tank market intelligence with special emphasis on water/wastewater,
chemical, petroleum, septic, agriculture and aquaculture, pulp and papers and others.

Market size in terms of value and volume shipment by application segments, also trend
(2007-2012) and forecast (2013-2018) for key market segments that are useful to make
major investment decision

Regional Analysis provides FRP tank market breakdown by four regions i.e. North
America, Europe, Asia Pacific and Rest of the World.

Competitive Landscape, emerging trend, market drivers and growth opportunity analysis
provided helps to ascertain a sound investment decision

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Carbon Fiber Prepreg Market by Resin Type, Manufacturing Process, Application - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The carbon fiber prepreg market is projected to grow at a CAGR of 11.0% during the forecast period, 2016 to 2021.” The carbon fiber prepreg market is projected to reach USD 7.20 billion by 2021, at ...

FRP Bridge Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Vinylester, Polyester), Manufacturing Process (Pultrusion, Hand Lay-Up), Application (Deck, Girders, Rebars), Bridge Type (Vehicular, Pedestrian), Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The FRP bridge market is projected to grow at a CAGR of 6.40% from 2016 to 2021, in terms of value” The report concentrates on the utilization of various FRP materials used in the manufacturing of ...

FRP Grating Market by Resin Type, Process, Application, End-use Industry, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“The FRP gratings market is projected to grow at a CAGR of 4.24% during the forecast period” The global FRP gratings market is projected to reach USD 574.2 million by 2021, at a CAGR of 4.24% from ...

Download Unlimited Documents from Trusted Public Sources

The future of the Carbon Fiber Industry

  • June 2017
    5 pages
  • Reinforced Plas...  

    Carbon Fiber  


  • World  

View report >

Plastic Markets in Thailand - Forecast

  • May 2017
    6 pages
  • Plastic  

    Business Touris...  

  • Thailand  


View report >

Plastic Industry in the US

  • May 2017
    92 pages
  • Plastic  

  • United States  

View report >

Related Market Segments :

Reinforced Plastic


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.