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FRP Tank Market Provides An Analysis On The Market Trends, Current And Future Growth Prospects 2023 - 2032 | Shawcor, Enduro Composites, LF Manufacturing, Amiantit Fiberglass Industries Limited, Future Pipe Industries, Composite Technology Development Inc
FRP Tank Global Market
FRP Tank Market Size, Growth Rate, And Forecast
The global FRP tank market size is expected to grow from $2.22 billion in 2022 to $2.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global FRP tank market size is expected to reach $2.89 billion in 2027 at a CAGR of 5.2%.
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FRP Tank Market Drivers
The rising demand for oil and gas storage systems is expected to propel the growth of FRP tanks going forward. Oil and gas storage refers to tanks or terminals used to store generated oil and gas above or below ground. FRP tanks are used in the oil and gas industry to bulk-contain fluids at various stages of the refining process. These tanks are frequently used to kept products for only a short period of time before being shipped for further processing.
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FRP Tank Market Segments
1) By Resin Type: Polyester, Epoxy, Other Resin Types
2) By Fiber Type: Carbon Fiber, Fiberglass
3) By Application: Water/wastewater, Septic, Pulp and Paper, Chemical, Petroleum, Agriculture and Aquaculture, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the FRP Tank market.
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FRP Tank Market Key Players
Major competitors in the FRP Tank market include Shawcor, Enduro Composites, LF Manufacturing, Amiantit Fiberglass Industries Limited, Future Pipe Industries, Composite Technology Development Inc., Luxfer Group
The Table Of Content For The FRP Tank Market Include:
1. Executive Summary
2. FRP Tank Market Characteristics
3. FRP Tank Market Trends And Strategies
4. FRP Tank Market - Macro Economic Scenario
5. FRP Tank Market Size And Growth
……
27. FRP Tank Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The FRP Tank Market
29. FRP Tank Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global FRP Tank Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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