openPR Logo
Press release

FRP Tank Market worth 2.32 Billion USD by 2021

01-19-2017 09:41 AM CET | Industry, Real Estate & Construction

Press release from: MarketsandMarkets.com

/ PR Agency: MNM

The report "FRP Tank Market by Resin Type (Polyester and Epoxy), Fiber Type (Carbon & Glass), Application (Water & Waste Water Treatment, Chemical, Oil and Gas, Pulp & Paper, and Power) - Global Forecast to 2021", The FRP tank market was worth USD 1.76 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021 at a CAGR of 4.73% between 2016 and 2021.

Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=21564188

Browse 72 market data tables and 51 figures spread through 144 pages and in-depth TOC on “FRP Tank Market - Global Trends & Forecasts to 2021”
http://www.marketsandmarkets.com/Market-Reports/frp-tank-market-21564188.html
Early buyers will receive 10% customization on this report.

The market for FRP tank is driven by the increasing demand for lightweight and non-corrosive storage tanks in water treatment, chemical, and oil & gas applications. Lower maintenance of FRP tanks also helps in lowering the overall operating cost of storing and transporting water and other chemicals.

Glass fibers comprise a major share in the FRP tank market, in terms of value

Glass fiber is the leading type of fiber used for various FRP tanks applications such as chemicals, oil & gas, water & waste water, pulp & paper, and so on. This is because of its lower cost and superior properties such as strength, flexibility, durability, stability, lightweight, as well as resistance to heat, temperature, and moisture. Less complexity and lower maintenance cost in manufacturing of glass fiber-based FRP tanks contributed to the dominance of these tanks.

Water and Waste Water is the largest application market for FRP tank, in terms of volume

FRP tanks generally use glass fiber reinforced polymers and offer complete solutions against highly corrosive fluids and harsh environment conditions at various temperatures, pressures, and adverse weather and soil conditions. Composite tanks are used in portable water storage and waste water storage. Wastewater contains faeces, urine, and other solid waste in different concentrations having different densities, particle size, and hardness; these particles damage the tanks from within. Traditional tanks made up of steel used to corrode quickly and break due to the nature of waste they carried. Metal tanks in the sewage system are now being replaced by the FRP tanks.

Asia-Pacific accounts for a major share of the FRP tank market

Asia-Pacific accounts for the largest market of FRP tank, globally, due to the high demand of lightweight and non-corrosive storage tanks from the chemical, power, and water & waste water applications. China has become one of the single-largest consumers of FRP tanks in various applications due to the large presence of end-use industries of FRP tank in the region. India is also estimated to be one of the promising markets of FRP tank due to its strong economic growth and rapid urbanization. Growth of water and waste water treatment industry in India is expected to drive the FRP tank market in the country.

Some of the key global players prevailing in the FRP tank market are Enduro Composites (U.S.), ZCL Composites (Canada), Luxfer holdings (U.K.), and Hexagon Composite Engineering Sdn Bhd (Malaysia). These players have adopted various organic and inorganic developmental strategies in the past five years.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

701 Pike Street
Suite 2175, Seattle,
WA 98101, United States

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 worth 2.32 Billion USD by 2021 here

News-ID: 416474 • Views: 228

More Releases from MarketsandMarkets.com

Sustainable Growth Opportunities in the Seed Coating Market
The report "Seed Coating Market by Additive (Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients), Process (Film Coating, Encrusting, Pelleting), Active Ingredient (Protectants and Phytoactive Promoters), Crop Type, Region - Global Forecast to 2025", is projected to grow at a CAGR of 8.5% from USD 1.8 billion in 2019 to reach a projected value of USD 3.0 billion by 2025. The quality, appearance, and nutritive value of seeds are the key factors
Organic Feed Market Will Hit Big Revenues In Future | Key Players are Cargill, B …
The report "Organic Feed Market by Type (Cereals & Grains, Oilseeds), Form (Pellets, Crumbles, Mashes), Livestock (Poultry, Ruminants, Swine, Aquatic Animals), Additives (Amino Acids, Enzymes, Vitamins, Minerals, Phytogenics), and Region - Global Forecast to 2025" The global organic feed market size is estimated at USD 6.8 billion in 2019 and is projected to reach USD 10.1 billion by 2025, recording a CAGR of 6.8% during the forecast period. The market
Phosphine Fumigation Market to See Major Growth by 2022 |Key Players: Cytec Solv …
The global phosphine fumigation market has grown exponentially in the last few years. The market size is projected to reach USD 684.19 Million by 2022, at a CAGR of around 5.46% from 2017. Factors such as increase in awareness about advanced modes of application of fumigation technology, increasing insect population due to climatic changes, and phasing out of methyl bromide fumigants are expected to drive the market growth. There is
Medicated Feed Additives Market to Witness Unprecedented Growth in Coming Years
The medicated feed additives market is projected to grow at a CAGR of 5.41%, to reach a value of USD 15,320.4 million by 2022 from an estimated USD 11,168.4 million in 2016. Medicated feed additives improve the quality and nutritional content of the feed. These additives help in the growth & development of animals and increase the feed intake. Increase in the awareness of high-quality meat, which is rich in

All 5 Releases


More Releases for FRP

Global FRP Grating Market 2019 - MEISER, Lionweld Kennedy, Fibrolux
This new report by Eon Market Research, titled “Global FRP Grating Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of FRP Grating industry at a global as well as regional and country level. Key facts analyzed in this report include the FRP Grating market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study
Aluminum FRP Market - Transformation Overview 2025 | Hindalco-Novelis, Alba, Ved …
Global Aluminum FRP Market: Snapshot Aluminum is a substantially common metal that is used for a plethora of purposes ranging from culinary and packaging to automobiles and metallurgy. However, the flat rolled products (FRP) derived from this metal find a huge demand in a plethora of domains, thereby constituting the global aluminum FRP market. These products are available in several types and are expected to witness an increasing demand at a
Global FRP Rebar Market 2018 - Hughes Brothers, Schoeck, Armastek
Apex Market Reports, recently published a detailed market research study focused on the “FRP Rebar Market” across the global, regional and country level. The report provides 360° analysis of “FRP Rebar Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of FRP Rebar on
2017 FRP Panels Market Shows Speedy Growth
This report studies FRP Panels in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Crane Composites Panolam Industries International Glasteel Enduro Composites Fibrosan Strongwell Corporation Nudo Products(Marlite) Resolite FRP Composites Polser Fiberglass Reinforced Plastics Crane Composites Lamilux Heinrich Strunz
Fiber Reinforced Plastic (FRP) Pipe Market 2017- Amiantit, EPP composites
The Global Fiber Reinforced Plastic (FRP) Pipe Market Analysis & Forecast Report 2017 is a professional and in-depth study on the current state of the Fiber Reinforced Plastic (FRP) Pipe Market. The report analysis the global market of Fiber Reinforced Plastic (FRP) Pipe by main manufactures and geographic regions. The report includes Fiber Reinforced Plastic (FRP) Pipe definitions, classifications, applications and industry chain structure, development trends, competitive landscape analysis, and
FRP Tanks Market-Global Industry Analysis,Trends and Forecast 2024
FRP Tanks Market: Overview FRP or Fiber Reinforced Plastic, also known as GRP or Glass Reinforced Plastic, is a modern composite material used for construction of chemical plant equipment such as tanks and vessels. FRP is referred to as a composite material, as it combines widely divergent properties of its constituents - reinforcing fibers and resin- into a unique material. Owing to this, corrosion-resistant FRP uses two basic laminate types: a