Press release
FRP Tank Market Poised for Growth: Key Insights, Player Landscape, Expansion Trends, and Growth Forecast
FRP Tank Market
The global FRP tank market is registering robust growth fueled by the rising demand for corrosion resistance, expansion of chemical processing industries, stringent environmental regulations, and innovations in resin technologies.
What Is The Projected Market Size Of The Global FRP Tank Market And Its Growth Rate?
• The market will grow from $2.47 billion in 2024 to $2.62 billion in 2025, achieving a 5.9% CAGR. Growth can be attributed to corrosion resistance needs, regulatory compliance, cost-effectiveness, and more.
• The market is expected to see a rise to $3.37 billion in 2029 at a 6.5% CAGR. The growth is driven by expansion of desalination plants, government investments in infrastructure, and awareness of long-term cost benefits.
What Is Driving The Growth In The FRP Tank Market?
The growing demand for oil and gas storage systems is propelling the growth of the FRP tank market. FRP (Fiber Reinforced Plastic) tanks are commonly used in the oil and gas industry for storing fluids at various stages of the refining process. The global demand for oil is predicted to increase by 6% between 2022 and 2028, reaching 105.7 million barrels per day, which directly favors the FRP tank market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9070&type=smp
Who Are The Key Players Driving FRP Tank Market Growth?
The following key companies contribute significantly to the FRP tank market growth:
• Shawcor Ltd.
• Enduro Composites Inc.
• LF Manufacturing Inc.
• Amiantit Fiberglass Industries Limited
• Future Pipe Industries LLC
• Luxfer Group Limited
• Hexagon Composites ASA
• EPP Composites Pvt Ltd.
• SELIP s.p.a.
• ZCL Composites
What Are The Key Trends In The FRP Tank Market?
Key trends propelling the market growth include:
• Customization and tailored solutions
• Innovation in resin technologies
• Design flexibility
• Advancements in manufacturing processes
• Maintenance-free and long lifespan
• Integration of smart technologies
What Are The Segments Of The Global FRP Tank Market?
The market is segmented by:
• Resin Type: Polyester, Epoxy, Other Resin Types
• Fiber Type: Carbon Fiber, Fiberglass
• Application: Water Or wastewater, Septic, Pulp And Paper, Chemical, Petroleum, Agriculture And Aquaculture, Other Applications
Which Region Leads The FRP Tank Market?
The Asia-Pacific region was the largest market for FRP tanks in 2024 and is expected to continue leading during the forecast period. This growth can be attributed to rapid urbanization, population growth, expansion of chemical processing industries, and increased focus on water and wastewater treatment.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/frp-tank-global-market-report
What Is Covered In The FRP Tank Market Global Market Report?
This report includes:
• Market Size Analysis
• Market Segmentation Analysis
• Key Player Focus
• Growth Trends Analysis
• Market Contribution
• Growth Drivers
• Industry Challenges
• Competitive Developments
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=9070&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company, armed with over 15,000+ reports from 27 industries covering 60+ geographies and 1,500,000 datasets, offers comprehensive research and insights. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive forecasts, supporting informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release FRP Tank Market Poised for Growth: Key Insights, Player Landscape, Expansion Trends, and Growth Forecast here
News-ID: 3826703 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for FRP
FRP Rebar Market Set to Soar to $1361 Million by 2031 with 6.7% CAGR | Aslan FRP …
Report Description -
QYResearch latest report 'FRP Rebar Market 2025 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The correct methodology…
FRP Cable Tray Market Size and Forecast
FRP Cable Tray Market size was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
FRP Cable Tray Market Outlook and Investment Analysis
What is the current outlook for the FRP Cable Tray Market?
The FRP Cable Tray market is experiencing strong growth due to its increasing demand across various industries such as construction, electrical,…
FRP Rebar Market Growth Dynamics 2025-2032
The Fiber Reinforced Polymer (FRP) Rebar market has emerged as a critical player in the construction sector, offering innovative solutions for reinforcing concrete structures. With its lightweight, high tensile strength, and corrosion resistance, FRP Rebar is gaining traction in various applications, including road building, bridges, and underground construction. The market is characterized by a growing demand for sustainable construction materials, which is driving the adoption of FRP Rebar as a…
Key Trend Reshaping the FRP Tank Market in 2025: Product Innovation In The FRP T …
What combination of drivers is leading to accelerated growth in the frp tank market?
The growth of FRP tanks is anticipated to be driven by the escalating need for oil and gas storage solutions. Storage systems for oil and gas incorporate terminals or tanks that keep the produced oil and gas either above or underground. The oil and gas sector utilizes FRP tanks to hold bulk quantities of fluids at various…
FRP Pole Market Size, Share | Trend 2022
The global frp pole market size was valued at USD 328.1 million in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period 2022 to 2028. FRP Pole (Fiber Reinforced Polymer Pole) is a type of composite material that is made by combining fibers such as carbon, fiberglass, or aramid with a polymer matrix. These poles are lightweight, strong, and highly durable, which makes them…
Global Fiberglass-reinforced plastic (FRP) Vessel Market
The studies performed by GME showed the FRP Vessel Market is projected to show trajectorial growth in the middle of 2020-2026 at a CAGR of 8.4%.
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…
