1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends
FRP Tank Market by Resin Type, Fiber Type, Application - Global Trends &Forecasts to 2021

FRP Tank Market: Global Analysis

  • October 2016
  • 147 pages
  • ID: 4230315
In this report:
The global demand for FRP tank was ##.## kilotons in 2015, and is projected to reach ##.## kilotons by 2021, at a CAGR of ##.##% between 2016 and 2021.
Agreements & JVs and new product launches were the key strategies adopted by the industry players to maintain growth in the FRP tanks market accounting for ##.##% and ##.##% shares, respectively, between 2011 and 2016.

Summary

Table of Contents

Search Inside

"FRP Tank market expected to register a compound annual growth rate (CAGR) of 4.73% during the forecast horizon"

The sector for FRP tank is projected to extend a market size of ~$2.3B by 2021, at a compound annual growth rate of ~4.7 percent between 2016 and 2021. The main driver stimulating the FRP tank market is strong demand for lightweight and superior properties of composites and the growing demand for FRP tanks for heavy vehicles in North America (NA) and EU. Lack of product awareness and issues associated to high cost of composites are the main increase restraints for FRP tank market.

"Water & waste water is the quickest-increasing application in the FRP tank market, in terms of value importance."

Composite tanks offer lightweight and superior property solutions against highly corrosive fluids and harsh environment conditions at several temperatures, pressures, and adverse weather and soil conditions. These properties are some of the drivers boosting the increase of the FRP tank market. FRP tanks help to minimize corrosion and underground leakage unlike the metallic alloy tanks.

"APAC is the quickest-rising market of FRP Tank."

Asia-Pac is anticipated to be the quickest developing market for FRP tank in the upcoming five years. The main factor that contributed to its development is the rising urbanization and industrialization coupled with growing disposable income of the population. This has resulted in strong demand for consumer goods and services including power, construction, processed foods, and sanitation, which are the applications of FRP tanks. Therefore, these increasing application sectors would significantly boost the FRP tank market in the Asia Pacific (APAC) area.

High cost of composites and lack of product awareness are selecting the increase of the FRP tank market.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into following three categories:

- By company size- Tier 1 35.0 percent, Tier 2 25.0 percent, and Tier 3 40.0 percent

- By designation- C Level- 30.0 percent, Director Level- 25.0 percent, and Others- 45.0 percent

- By region- North america (NA)- 30%, EU- 25.0 percent, Asia-pac- 30%, the Middle East area & Africa- 10.0 percent, and Latin America- 5%.

Segment Research

This business report includes the market of FRP tanks and forecasts the market size until 2021. The market research includes the market segmentation by resin type (polyester, epoxy, and others), by fiber type (glass and carbon fiber), by application (water & waste water, chemicals, oil & gas, pulp & paper, power, and others) and area (North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and Latin America area). Porter's five forces analysis together with drivers, industry restraints, opportunities, and possibilities have been discussed in the industry report. It also offers company descriptions and competitive landscape approved by the main market players in the FRP tank market.

Why acquiring this study can help you:

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the FRP tank market comprehensively and offers the closest approximations of the market revenues and the sub segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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.
Amrita helps you find the right report:
Testimonials

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
Ikea

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
Ingredion

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

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Composites Market by Fiber Type, Resin Type, Manufacturing Process, Application, Region - Global Forecast to 2022

Composites Market: Global Forecast until 2022

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

The composites market is estimated to reach USD 115.43 billion by 2022, at a CAGR of 8.13% between 2017 and 2022. Increasing use of composites in the aerospace & defense, transportation, wind energy, ...

Global Carbon Fiber in the Automotive Composites Market 2017-2021

Carbon Fiber Sector: Worldwide Forecast until 2021 in the Automotive Composites Market

  • $ 3500
  • Industry report
  • September 2017
  • by Infiniti Research Limited

About Carbon Fiber in the Automotive CompositesCarbon fiber is a thin filamentous substance composed of carbon atoms bonded in a microscopic crystal structure. Its excellent mechanical and chemical properties ...

Advanced Composites Market by Fiber Type, Resin Type, Manufacturing Process, End-use Industry, Region - Global Forecast to 2022

Advanced Composites Market: Global Forecast until 2022

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

The advanced composites market is projected to reach USD 38.41 billion by 2022 from an estimated USD 22.91 by 2017, at a CAGR of 10.89% between 2017 and 2022. Increasing use of advanced composites in the ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

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