FRP Tanks Forecast 2024-2031: Water, Oil & Gas Applications Fuel 4.4% Steady Growth | Top Companies are Amiantit Fiberglass Industries Limited, Future Pipe Industries, LF Manufacturing

The Global FRP Tank Market is expected to grow at a CAGR 4.4% during the forecasting period (2024-2031).

According to DataM Intelligence has published a new research report on "FRP Tank Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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➣ Recent Developments:

United States: Recent Industry Developments

✅ In October 2025, AGC Chemicals Americas introduced a new corrosion-resistant resin system for FRP tanks used in chemical processing and wastewater treatment, improving tank durability and lifecycle performance.

✅ In September 2025, LF Manufacturing expanded its FRP tank production capacity in Texas, adding automated filament winding systems to meet rising demand from oil & gas, water storage, and industrial applications.

✅ In August 2025, Enduro Composites launched advanced FRP tank solutions with enhanced UV stability and thermal resistance, targeting municipal water infrastructure upgrades across the U.S.

Europe: Recent Industry Developments

✅ In October 2025, FiberTech Group unveiled lightweight FRP chemical storage tanks designed to meet REACH and EU environmental regulations, improving safety in chemical and pharma plants.

✅ In September 2025, Germany's MCT Composites deployed smart monitoring sensors integrated into FRP tanks to measure structural integrity, helping industries shift toward predictive maintenance.

✅ In August 2025, EuroTank Solutions expanded production of underground FRP fuel storage tanks meeting latest EU fire safety and leak-proof standards for fuel retailers.

Japan: Recent Industry Developments

✅ In October 2025, Japan Composite Co. introduced earthquake-resistant FRP tank designs reinforced with advanced fiber matrices to serve industrial plants and emergency water storage applications.

✅ In September 2025, Taisei Kogyo launched high-pressure FRP tanks for hydrogen storage, supporting Japan's hydrogen infrastructure and clean energy goals.

✅ In August 2025, Mitsubishi Chemical expanded its resin portfolio for FRP tank manufacturing, offering high-strength, chemical-resistant resins for petrochemical and wastewater markets.

➣ Top Industry Players:

Amiantit Fiberglass Industries Limited, Future Pipe Industries, LF Manufacturing, National Oilwell Varco (Denali Incorporated), ZCL Composites Inc., Hengrun Group Co. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., Hebei Chengda FRP Co. Ltd., Composite Technology Development, Inc., and EPP Composites.

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➣ Key Segments:

By Application Type: Water/wastewater, Oil & Gas, Chemicals, Others

By Application: Underground, Aboveground.

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