openPR Logo
Press release

Emerging Trends Influencing The Growth Of The Fiber Reinforced Plastic Vessels Market:Lightweight Transportation Frp Vessels Paving The Way For Innovation In The Fiber-Reinforced Plastic Vessel Market

04-07-2025 11:09 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Fiber Reinforced Plastic Vessels Market Size

Fiber Reinforced Plastic Vessels Market Size

The Fiber Reinforced Plastic Vessels Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Fiber Reinforced Plastic Vessels Market Size Expected to Be by 2034?
In the recent past, the market size for fiber reinforced plastic vessels has seen quick expansion. The market is projected to increase from $3.64 billion in 2024 to $4.02 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. Factors such as their corrosion resistance, lightweight and durability, compliance with regulations, infrastructural development, and their use as a substitute for traditional materials have contributed to this growth in the historic period.

In the years to come, the fiber reinforced plastic vessels market is projected to experience significant expansion. The market is anticipated to reach a value of $6.03 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.7%. The growth forecasted for this period can be traced back to a burgeoning chemical industry, an uptick in infrastructure development, a continued focus on cost-efficiency, advancements in water treatment and a rise in utilization within the oil and gas sectors. Key trends shaping this forecast period include advancements in composite technologies, the development of smart vessels, customization and modular design, growth within the chemical industry, and the demand for lightweight yet sturdy materials.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5959

What Are the Emerging Segments Within the Fiber Reinforced Plastic Vessels Market?
The fiber reinforced plastic vessels market covered in this report is segmented -

1) By Type: Glass Fiber, Carbon Fiber, Aramid Fiber, Other Types
2) By Resin: Polyester, Epoxy, Polyurethane, Other Resins
3) By Distribution Channel: Online, Offline
4) By Application: Automotive And Transportation, Water And Wastewater, Chemical, Industrial, Oil And Gas, Other Applications

Subsegments:
1) By Glass Fiber: E-Glass Fiber, S-Glass Fiber
2) By Carbon Fiber: High-Strength Carbon Fiber, Intermediate Modulus Carbon Fiber
3) By Aramid Fiber: Kevlar Fiber, Twaron Fiber
4) By Other Types: Natural Fiber, Basalt Fiber

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5959&type=smp

What Long-Term Drivers Are Shaping Fiber Reinforced Plastic Vessels Market Trends?
The expansion of the market is propelled by the rising need for fiber-reinforced plastic (FRP) vessels in the automobile industry. FRP vessels used for fuel storage in natural gas-powered vehicles are made in one piece to lower the chance of splitting in a crash. The swift increase in the use of natural gas as a fuel for vehicles, or modifying petrol vehicles to use natural gas in emerging nations to decrease pollution, has resulted in a surging demand for FRP vessels. For example, a European Automobile Manufacturers' Association (ACEA) report published in May 2023 showed that in 2022, there was a 5.7% increase over 2021, with 85.4 million motor vehicles manufactured globally. Therefore, the growing demand for FRP vessels in the automotive industry is predicted to propel the market during the projected period.

Who Are the Top Competitors in Key Fiber Reinforced Plastic Vessels Market Segments?
Major companies operating in the fiber reinforced plastic vessels market include Sainath Industrial Corporation, Plas-Tank Industries Inc., JRMS Engineering Works, TROY Dualam Inc., Swami Plastic Industries, Augusta Fiberglass Coating Inc., Worthington Industries Inc., AVANCO GmbH, Cevotec Gmbh, Enduro Composites Inc., EPP Composites Pvt Ltd., Faber Industrie SPA, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Nproxx BV, Quantum Fuel Systems Technologies Worldwide Inc., ZCL Composites Inc., Luxfer Group Ltd., Hexagon Composites ASA, Everest Kanto Cylinder Ltd., B & D Plastics LLC, Belco Manufacturing Co Inc., 3A Composites USA Inc., Diamond Fiberglass Fabricators Inc., Fiber-Tech Industries Inc., Fiberglass Tank & Pipe Institute, Fibrelite Composites Ltd., Fibrex Pvt Ltd., Fisher Tank Company

What Fiber Reinforced Plastic Vessels Market Trends Are Gaining Traction Across Different Segments?
The fiber-reinforced plastic vessel market is seeing an increasing trend in the production of light-weight transport FRP vessels. Materials like carbon fibre reinforced polymers and glass fibre reinforced polymers are getting predominantly used for creating these lightweight transportation materials. A notable instance is from December 2022, when Steelhead Composites, a manufacturing company from the US, got an approval from the American Society of Mechanical Engineers (ASME). This accreditation, particularly under ASME Boiler and Pressure Vessel Code, Section X, RP, authorizes Steelhead to produce lightweight pressure vessels specifically designed for diverse applications, mainly in the area of hydrogen storage.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/fiber-reinforced-plastic-vessels-global-market-report

Which Regions Are Becoming Hubs for Fiber Reinforced Plastic Vessels Market Innovation?
Asia-Pacific was the largest region in the fiber reinforced plastic vessels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber reinforced plastic vessels market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fiber Reinforced Plastic Vessels Market?
2. What is the CAGR expected in the Fiber Reinforced Plastic Vessels Market?
3. What Are the Key Innovations Transforming the Fiber Reinforced Plastic Vessels Industry?
4. Which Region Is Leading the Fiber Reinforced Plastic Vessels Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support 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 Emerging Trends Influencing The Growth Of The Fiber Reinforced Plastic Vessels Market:Lightweight Transportation Frp Vessels Paving The Way For Innovation In The Fiber-Reinforced Plastic Vessel Market here

News-ID: 3957909 • Views:

More Releases from The Business Research Company

Emerging Trends to Reshape the Vertical Farming Market: Technological Advancements And Sustainable Practices In Vertical Farming as a Key Influencer
Emerging Trends to Reshape the Vertical Farming Market: Technological Advancemen …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Vertical Farming Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The size of the vertical farming market has seen rapid growth in recent years. Predictions estimate it will increase from $7.74 billion in 2024 to $9.55 billion in 2025. This represents a compound annual growth
Plant Breeding And CRISPR Plants Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Plant Breeding And CRISPR Plants Market Landscape to 2034: Key Forces Shaping th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Plant Breeding And CRISPR Plants Market Size By 2025? In recent years, the market size for plant breeding and CRISPR plants has seen considerable growth. It stands projected to escalate from $13.56 billion in 2024 to a noteworthy $15.5 billion in 2025, boasting a compound
Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 2029
Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 202 …
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 Livestock Monitoring Market Through 2025? In recent times, there has been a significant increase in the livestock monitoring market size. The market, which stands at $3.48 billion in 2024, is projected to rise to $3.94 billion by 2025, depicting a compound annual
Emerging Trends to Drive Forestry And Logging Market Growth at 7.9% CAGR Through 2029
Emerging Trends to Drive Forestry And Logging Market Growth at 7.9% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Forestry And Logging Market Size Growth Forecast: What to Expect by 2025? The market size for forestry and logging has seen a substantial growth in the past couple of years. It is expected to increase from $980.05 billion in 2024 to $1055.36 billion in 2025, with a compound annual

All 5 Releases


More Releases for Fiber

Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028. Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025 Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025 Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025 Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025 Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and
Fiber-optic couplers Market Segmentation By Type Y Fiber-optic Couplers, T Fiber …
Fiber-optic couplers market: Market Overview Due to increasing reliance of organizations on IT, the demand for robust, agile and cost effective IT infrastructure is growing rapidly and supporting the Fiber-optic couplers market. The fabric-optic couplers market is expanding rapidly as the telecom services providers in this modern era are moving towards fiber based networking services. Increasing advancements in the telecom industry are one of the major factors driving the growth of
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the