Global Fiberglass-reinforced plastic (FRP) Vessel Market
Government inclination towards adoption of clean fuel and improving market of natural and fuel cell electric vehicles are the factors expected to boost up the FRP vessels market in coming years. The growing application range of FRP vessels in different sectors such as in medical for gas contamination and also in tanks used in scuba diving is fuelling up the demand for FRP vessels. Increasing usage of FRP vessels in plant and wastewater treatment projects along with chemical processing is responsible to build the demand for the product in coming years also.
Browse 179 Market Data Tables and 102 Figures spread through 184 Pages on "Global FRP Vessels Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/global-frp-vessels-market-2487
By Fiber (Glass, Carbon and Others); By Resin (Epoxy, Polyester, and Others); By Application (Chemicals, Automotive & Transportation, Industrial, Water & Wastewater, Oil & Gas and Others); By Region (North America, Europe, Asia Pacific, MEA, and CSA); By Region (North America, Europe, Asia Pacific, MEA, and CSA), Company Market Share & Competitor Analysis
Key Market Insights:
• The Global FRP Vessels Market is expected grow with a CAGR value of 8.4% during 2020-2026
• Glass segment holds the largest market of FRP vessels in terms of both value and volume.
• The polyester resin does not expand when exposed to high temperature and displays good electrical, mechanical and heat resistance properties which made it to build the fastest growing business in China automotive & chemical industries.
• Asia-Pacific is estimated to show the highest market of the FRP vessel market owing to improved consumption in wastewater, automotive & transportation, chemicals, and oil & gas industries applications.
Key global players in the Global FRP Vessels Market include Denali Incorporated, and Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., ZCL Composites Inc., Hexagon Composites ASA (Norway), Luxfer Group (England), Worthington Industries, Inc., Avanco Group, Everest Kanto Cylinders Ltd. (India), Quantum Fuel Systems LLC., and Faber Industrie SpA among others.
Browse the Global FRP Vessels Market Report @: https://www.globalmarketestimates.com/market-report/global-frp-vessels-market-2487
Fiber Outlook (Revenue, USD Billion, 2020 - 2026)
Resin Outlook (Revenue, USD Billion, 2020 - 2026)
Application Outlook (Revenue, USD Billion, 2020 - 2026)
• Automotive & Transportation
• Water & Wastewater
• Oil & Gas
Regional Outlook (Revenue, USD Billion, 2020 - 2026)
• North America
• Rest of Europe
• Asia Pacific
• South Korea
• Rest of APAC
• Central & South America
• Rest of CSA
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of MEA
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