US FRP Tank Market Report, Industry Overview, Growth Rate Forecast 2021-2027

Precision Business Insights published a research report on “US FRP Tank Market: By Resin Type (Polyester Resins, Epoxy Resins, Vinyl Resins, Others), By Fiber Type (Glass Fibers, Carbon Fibers, Aramid Fibers), and By Application (Water & Waste Water, Chemicals, Oil & Gas, Pulp & Paper, Power, Agriculture/Aquaculture, Septic) - Global/Region/Country Forecast to 2027”. The US FRP tank market anticipated to be valued at US$ 365.0 Mn in the year 2020 and anticipated to value at considerable CAGR rate over the 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “US FRP Tank Market: By Resin Type (Polyester Resins, Epoxy Resins, Vinyl Resins, Others), By Fiber Type (Glass Fibers, Carbon Fibers, Aramid Fibers), and By Application (Water & Waste Water, Chemicals, Oil & Gas, Pulp & Paper, Power, Agriculture/Aquaculture, Septic) - Global/Region/Country Forecast to 2027”.

View detailed report description at https://precisionbusinessinsights.com/market-reports/us-frp-tank-market/

Growing Demand for FRP Vehicles in North America for Heavy Vehicles is fuelling the US FRP Tank Market
US FRP tank market report provides complete viewpoint regarding FRP tank around the U.S. This market report provides present, upcoming and historical market sizes according to application, resin type and fiber type. This market report contains competition details and regulatory scenario with vividly illustrated the competition dashboard for evaluating the market competition. The report on US FRP tank market provides market dynamics including market drivers, constraints, latest trends, potential challenges and future opportunities. US FRP tank market is driven by the key factor like growing usage of FRP tanks in heavy vehicles in U.S. In addition, there are a few more leading factors fuelling the FRP tank market growth in the U.S. such as technological improvements in the FRP tanks, a range of applications of FRP tanks in areas such as retail fuel, sewage, chemical, oil and gas and offshore.

FRP composites are hugely replacing the old age iron, steel or other metal formed tanks are taking the properties to another level like no corrosion, low cost and long life. Another key factor propelling the FRP tanks market in U.S is government regulations for water preservation and rain water harvest encouragement. Furthermore, there are a few more factors responsible for U.S FRP tank market growth such as growing demand for FRP tanks for heavy vehicles in North America and increasing demand for lightweight and best properties of composites. Light weighting is one of the major strategies to boost transportation energy efficiency and propel economy while ongoing to fulfill the safety standards.

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Competitive Analysis - US FRP Tank Market
There are a few major key players working in the US FRP tank market such as ZCL Composites, Luxfer Group, Belco Manufacturing, Inc., LF Manufacturing, Plasticon Composites, Augusta Fiberglass Coatings, EPP Composites, Composite Technology Development, Inc., Granby Industries, Plas Tanks Industries, Inc. and Hexagon Composite Engineering Sdn Bhd. US FRP tank market is surging due to the key strategies adopted by the key players such as novel launches, acquisitions, product approvals and collaborations. For example, Granby Industries obtained Superior and Vilco Tanks in January 2017. The acquisition of two industries is an additional testament to Granby Industries’ promise to the oil storage industry. Key players concentrating on innovation of novel product launches and collaboration strategies to strengthen the market presence in US FRP tank market.

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