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FRP Tank Market

Global FRP Tank Market Size, Growth & Revenue 2023-2031

Global FRP Tank Market is segmented by Application (Water treatment, Chemical storage, Agriculture, Mining), , Type (Horizontal, Vertical, Underground, Custom, Modular) and Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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Industry Overview

The FRP Tank is at USD 3.5Billion in 2023 and is expected to reach 6.0Billion by 2031. The FRP Tank is driven by increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and global trade.

FRP Tank Market Size in (USD Billion) CAGR Growth Rate 8.50%

Study Period 2019-2031
Market Size (2023): 3.5Billion
Market Size (2031): 6.0Billion
CAGR (2023 - 2031): 8.50%
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FRP stands for fiberglass-reinforced plastics it is also known as glass-reinforced plastics. It is a modern composite material especially used to build chemical plant equipment such as vessels and tanks. FRP Tank market is expected to grow exponentially during the forecast period owing to the increasing industrialization and demand for lightweight tanks. Also the increasing number of chemical and desalination plants boosting the demand of FRP tank.

Competitive landscape

The key players in the FRP Tank are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Ashland, Inc. (United States), Teijin Ltd. (Japan), Huntsman Corporation (United States), Glass fiber manufacturers include PPG industries (United States), Hexcel Corporation (U.S.), Jushi Group Co. Ltd. (China), Owens Corning (United States), ZCL Composites (Canada), Volvo AB (Sweden), Enduro Composites (United States), LF Manufacturing (United States), Denali Inc.(United States), are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in chemical manufacturing processes and the introduction of sustainable and eco-friendly products.
Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the FRP Tank , as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the FRP Tank . Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.

Key Players

The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
  • Ashland
  • Inc. (United States)
  • Teijin Ltd. (Japan)
  • Huntsman Corporation (United States)
  • Glass fiber manufacturers include PPG industries (United States)
  • Hexcel Corporation (U.S.)
  • Jushi Group Co. Ltd. (China)
  • Owens Corning (United States)
  • ZCL Composites (Canada)
  • Volvo AB (Sweden)
  • Enduro Composites (United States)
  • LF Manufacturing (United States)
  • Denali Inc.(United States)

FRP Tank Market Segmentation by Players

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FRP Tank Dynamics

Driving Factor
The FRP Tank is propelled by several key drivers, including the demand from diverse industrial sectors such as automotive, construction, and pharmaceuticals. Technological advancements and continuous innovation in chemical processes enhance efficiency and open new market opportunities. Economic growth, particularly in emerging markets, along with rapid urbanization and population growth, increases the need for chemicals in infrastructure and consumer goods. Additionally, stricter environmental regulations and the push for sustainable products drive the development of green chemicals. Global trade, raw material availability, and investments in research and development further shape the industry's growth, while supportive government policies and evolving consumer trends also play crucial roles.
  • Increasing Demand For Lightweight Tanks In Water Treatment
  • And Oil & Gas Applications

Challenge Factor
The FRP Tank faces several challenges and restraining factors, including stringent environmental regulations that increase operational costs and complexity. Fluctuating raw material prices and availability can impact production expenses while growing health and safety concerns necessitate significant investments in compliance measures. Additionally, the push for sustainability requires costly reforms and green technologies. Economic uncertainty, supply chain disruptions, and rapid technological advancements further complicate market dynamics. Geopolitical instability and intellectual property risks also pose significant threats, while market saturation in mature regions pressures profit margins and limits growth opportunities.
  • Durability
  • Cost

Opportunities
The FRP Tank presents numerous opportunities for growth and innovation. Emerging trends in sustainability offer significant prospects for developing green and eco-friendly products, which are increasingly demanded by consumers and regulated by governments. Advancements in technology, such as digitalization and automation, provide opportunities for improving efficiency and reducing costs in chemical production. Expansion into emerging markets and developing regions presents a chance for companies to tap into new customer bases and increase their market share. Additionally, ongoing investments in research and development pave the way for innovations in specialty chemicals and advanced materials. Collaborations and partnerships within the industry can also drive growth by leveraging complementary strengths and accessing new technologies and markets.
  • Increasing Demand For Lightweight Tanks In Water Treatment
  • And Oil & Gas Applications

Important Trend
Key trends in the FRP Tank include a focus on sustainability and green chemistry, driven by environmental regulations and consumer demand. Digital transformation is enhancing efficiency through AI and automation, while advanced materials are being developed for various industries. The shift towards a circular economy promotes recycling and reuse, and personalized medicine is increasing demand for specialty chemicals. Investments in renewable energy create new opportunities, and emerging markets offer growth potential. Evolving regulations and consumer preferences for sustainable products are influencing innovation, and supply chain advancements are improving efficiency. These trends are reshaping the chemical industry and driving its growth.
  • Increasing Use of FRP Tanks in Heavy Vehicles

Regulatory Framework

Several regulatory bodies oversee the chemical industry globally to ensure safety, environmental protection, and compliance with standards. Notable among these are the Environmental Protection Agency (EPA) in the United States, the European Chemicals Agency (ECHA) in the European Union, and the Occupational Safety and Health Administration (OSHA) in the United States. Other significant entities include the Health and Safety Executive (HSE) in the United Kingdom, the National Institute of Chemical Safety (NICS) in South Korea, and the Ministry of Environmental Protection (MEP) in China.
Additionally, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia, the Japan Chemical Industry Association (JCIA), the Canadian Environmental Protection Act (CEPA), and the Central Pollution Control Board (CPCB) in India play crucial roles. These organizations establish regulations, conduct inspections, and enforce compliance to ensure the safe production, handling, and disposal of chemicals.

Regional Insight

The leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. The regions covered in the report are:
Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA



 

Market Segmentation

Segmentation by Type
  • Horizontal
  • Vertical
  • Underground
  • Custom

FRP Tank Market Segmentation by Type

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Segmentation by Application
  • Water treatment
  • Chemical storage
  • Agriculture
  • Mining

FRP Tank Market Segmentation by Application

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Research Methodology

The research methodology involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings. 
The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends, and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy. 
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.

Report Details

Report Features Details
Base Year 2023
Based Year Market Size (2023) 3.5Billion
Historical Period 2019 to 2023
CAGR (2023 to 2031) 8.50%
Forecast Period 2025 to 2031
Forecasted Period Market Size (2031) 6.0Billion
Scope of the Report Horizontal, Vertical, Underground, Custom, Water treatment, Chemical storage, Agriculture, Mining
Regions Covered North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Companies Covered Ashland, Inc. (United States), Teijin Ltd. (Japan), Huntsman Corporation (United States), Glass fiber manufacturers include PPG industries (United States), Hexcel Corporation (U.S.), Jushi Group Co. Ltd. (China), Owens Corning (United States), ZCL Composites (Canada), Volvo AB (Sweden), Enduro Composites (United States), LF Manufacturing (United States), Denali Inc.(United States)
Customization Scope 15% Free Customization
Delivery Format PDF and Excel through Email

FRP Tank - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global FRP Tank Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global FRP Tank Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global FRP Tank Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Increasing Demand for Lightweight Tanks in Water Treatment
    • 3.1.2 and Oil & Gas Applications
  • 3.2 Available Opportunities
    • 3.2.1 Increasing Demand for Lightweight Tanks in Water Treatment
  • 3.3 Influencing Trends
    • 3.3.1 Increasing Use of FRP Tanks in Heavy Vehicles
    • 3.3.2 Availabili
  • 3.4 Challenges
    • 3.4.1 Durability
    • 3.4.2 Cost
    • 3.4.3 Sourcing materials
  • 3.5 Regional Dynamics

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Chapter 4 : Global FRP Tank Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of FRP Tank Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: FRP Tank : Competition Benchmarking & Performance Evaluation
  • 5.1 Global FRP Tank Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by FRP Tank Revenue 2023
  • 5.3 Global FRP Tank Sales Volume by Manufacturers (2023)
  • 5.4 BCG Matrix
  • 5.4 Market Entropy
  • 5.5 Ansoff Matrix
  • 5.6 FPNV Positioning Matrix
Chapter 6: Global FRP Tank Market: Company Profiles
  • 6.1 Ashland
    • 6.1.1 Ashland Company Overview
    • 6.1.2 Ashland Product/Service Portfolio & Specifications
    • 6.1.3 Ashland Key Financial Metrics
    • 6.1.4 Ashland SWOT Analysis
    • 6.1.5 Ashland Development Activities
  • 6.2 Inc. (United States)
  • 6.3 Teijin Ltd. (Japan)
  • 6.4 Huntsman Corporation (United States)
  • 6.5 Glass Fiber Manufacturers Include PPG Industries (United States)
  • 6.6 Hexcel Corporation (U.S.)
  • 6.7 Jushi Group Co. Ltd. (China)
  • 6.8 Owens Corning (United States)
  • 6.9 ZCL Composites (Canada)
  • 6.10 Volvo AB (Sweden)
  • 6.11 Enduro Composites (United States)
  • 6.12 LF Manufacturing (United States)
  • 6.13 Denali Inc.(United States)
  • 6.14 Daimler AG (Germany)

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Chapter 7 : Global FRP Tank by Type & Application (2019-2031)
  • 7.1 Global FRP Tank Market Revenue Analysis (USD Million) by Type (2019-2023)
    • 7.1.1 Horizontal
    • 7.1.2 Vertical
    • 7.1.3 Underground
    • 7.1.4 Custom
    • 7.1.5 Modular
  • 7.2 Global FRP Tank Market Revenue Analysis (USD Million) by Application (2019-2023)
    • 7.2.1 Water Treatment
    • 7.2.2 Chemical Storage
    • 7.2.3 Agriculture
    • 7.2.4 Mining
  • 7.3 Global FRP Tank Market Revenue Analysis (USD Million) by Type (2023-2031)
  • 7.4 Global FRP Tank Market Revenue Analysis (USD Million) by Application (2023-2031)

Chapter 8 : North America FRP Tank Market Breakdown by Country, Type & Application
  • 8.1 North America FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.2.1 Horizontal
    • 8.2.2 Vertical
    • 8.2.3 Underground
    • 8.2.4 Custom
    • 8.2.5 Modular
  • 8.3 North America FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.3.1 Water Treatment
    • 8.3.2 Chemical Storage
    • 8.3.3 Agriculture
    • 8.3.4 Mining
  • 8.4 North America FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.5 North America FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.6 North America FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM FRP Tank Market Breakdown by Country, Type & Application
  • 9.1 LATAM FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.2.1 Horizontal
    • 9.2.2 Vertical
    • 9.2.3 Underground
    • 9.2.4 Custom
    • 9.2.5 Modular
  • 9.3 LATAM FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.3.1 Water Treatment
    • 9.3.2 Chemical Storage
    • 9.3.3 Agriculture
    • 9.3.4 Mining
  • 9.4 LATAM FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.5 LATAM FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.6 LATAM FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe FRP Tank Market Breakdown by Country, Type & Application
  • 10.1 West Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.2.1 Horizontal
    • 10.2.2 Vertical
    • 10.2.3 Underground
    • 10.2.4 Custom
    • 10.2.5 Modular
  • 10.3 West Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.3.1 Water Treatment
    • 10.3.2 Chemical Storage
    • 10.3.3 Agriculture
    • 10.3.4 Mining
  • 10.4 West Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.5 West Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.6 West Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe FRP Tank Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.2.1 Horizontal
    • 11.2.2 Vertical
    • 11.2.3 Underground
    • 11.2.4 Custom
    • 11.2.5 Modular
  • 11.3 Central & Eastern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.3.1 Water Treatment
    • 11.3.2 Chemical Storage
    • 11.3.3 Agriculture
    • 11.3.4 Mining
  • 11.4 Central & Eastern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.5 Central & Eastern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.6 Central & Eastern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe FRP Tank Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.2.1 Horizontal
    • 12.2.2 Vertical
    • 12.2.3 Underground
    • 12.2.4 Custom
    • 12.2.5 Modular
  • 12.3 Northern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.3.1 Water Treatment
    • 12.3.2 Chemical Storage
    • 12.3.3 Agriculture
    • 12.3.4 Mining
  • 12.4 Northern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.5 Northern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.6 Northern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe FRP Tank Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.2.1 Horizontal
    • 13.2.2 Vertical
    • 13.2.3 Underground
    • 13.2.4 Custom
    • 13.2.5 Modular
  • 13.3 Southern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.3.1 Water Treatment
    • 13.3.2 Chemical Storage
    • 13.3.3 Agriculture
    • 13.3.4 Mining
  • 13.4 Southern Europe FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.5 Southern Europe FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.6 Southern Europe FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia FRP Tank Market Breakdown by Country, Type & Application
  • 14.1 East Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.2.1 Horizontal
    • 14.2.2 Vertical
    • 14.2.3 Underground
    • 14.2.4 Custom
    • 14.2.5 Modular
  • 14.3 East Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.3.1 Water Treatment
    • 14.3.2 Chemical Storage
    • 14.3.3 Agriculture
    • 14.3.4 Mining
  • 14.4 East Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.5 East Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.6 East Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia FRP Tank Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.2.1 Horizontal
    • 15.2.2 Vertical
    • 15.2.3 Underground
    • 15.2.4 Custom
    • 15.2.5 Modular
  • 15.3 Southeast Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.3.1 Water Treatment
    • 15.3.2 Chemical Storage
    • 15.3.3 Agriculture
    • 15.3.4 Mining
  • 15.4 Southeast Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.5 Southeast Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.6 Southeast Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia FRP Tank Market Breakdown by Country, Type & Application
  • 16.1 South Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.2.1 Horizontal
    • 16.2.2 Vertical
    • 16.2.3 Underground
    • 16.2.4 Custom
    • 16.2.5 Modular
  • 16.3 South Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.3.1 Water Treatment
    • 16.3.2 Chemical Storage
    • 16.3.3 Agriculture
    • 16.3.4 Mining
  • 16.4 South Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.5 South Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.6 South Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia FRP Tank Market Breakdown by Country, Type & Application
  • 17.1 Central Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.2.1 Horizontal
    • 17.2.2 Vertical
    • 17.2.3 Underground
    • 17.2.4 Custom
    • 17.2.5 Modular
  • 17.3 Central Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.3.1 Water Treatment
    • 17.3.2 Chemical Storage
    • 17.3.3 Agriculture
    • 17.3.4 Mining
  • 17.4 Central Asia FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.5 Central Asia FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.6 Central Asia FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania FRP Tank Market Breakdown by Country, Type & Application
  • 18.1 Oceania FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.2.1 Horizontal
    • 18.2.2 Vertical
    • 18.2.3 Underground
    • 18.2.4 Custom
    • 18.2.5 Modular
  • 18.3 Oceania FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.3.1 Water Treatment
    • 18.3.2 Chemical Storage
    • 18.3.3 Agriculture
    • 18.3.4 Mining
  • 18.4 Oceania FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.5 Oceania FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.6 Oceania FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA FRP Tank Market Breakdown by Country, Type & Application
  • 19.1 MEA FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.2.1 Horizontal
    • 19.2.2 Vertical
    • 19.2.3 Underground
    • 19.2.4 Custom
    • 19.2.5 Modular
  • 19.3 MEA FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.3.1 Water Treatment
    • 19.3.2 Chemical Storage
    • 19.3.3 Agriculture
    • 19.3.4 Mining
  • 19.4 MEA FRP Tank Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.5 MEA FRP Tank Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.6 MEA FRP Tank Market by Application (USD Million) & Sales Volume (Units) [2024-2031]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Global FRP Tank market is estimated to see a CAGR of 8.50% and may reach an estimated market size of 8.50% 6.0 Billion by 2031.

The FRP Tank Market is estimated to grow at a CAGR of 8.50%, currently pegged at 3.5 Billion.

Some of the prominent trends that are influencing and driving the growth of Global FRP Tank Market are Increasing Use Of FRP Tanks In Heavy Vehicles, Availability Of Customised FRP Tank

The leaders in the Global FRP Tank Market such as Ashland, Inc. (United States), Teijin Ltd. (Japan), Huntsman Corporation (United States), Glass fiber manufacturers include PPG industries (United States), Hexcel Corporation (U.S.), Jushi Group Co. Ltd. (China), Owens Corning (United States), ZCL Composites (Canada), Volvo AB (Sweden), Enduro Composites (United States), LF Manufacturing (United States), Denali Inc.(United States), Daimler AG (Germany) are targeting innovative and differentiated growth drivers some of them are Increasing Demand For Lightweight Tanks In Water Treatment, And Oil & Gas Applications, Increasing Demand Of FRP Tank Due To Reducing Underground Leakage And Corrosion

Some of the major roadblocks that industry players have identified are Durability, Cost, Sourcing Materials.

The market opportunity is clear from the flow of investment into Global FRP Tank Market, some of them are Increasing Demand For Lightweight Tanks In Water Treatment, And Oil & Gas Applications, Increasing Demand Of FRP Tank Due To Reducing Underground Leakage And Corrosion.

Ashland, Inc. (United States), Teijin Ltd. (Japan), Huntsman Corporation (United States), Glass fiber manufacturers include PPG industries (United States), Hexcel Corporation (U.S.), Jushi Group Co. Ltd. (China), Owens Corning (United States), ZCL Composites (Canada), Volvo AB (Sweden), Enduro Composites (United States), LF Manufacturing (United States), Denali Inc.(United States), Daimler AG (Germany) etc are the main players listed in the Global FRP Tank Market Study.

Research paper of Global FRP Tank Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Water treatment, Chemical storage, Agriculture, Mining.

The Global FRP Tank Market Study is segmented by Horizontal, Vertical, Underground, Custom, Modular.

The Global FRP Tank Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

The FRP Tank Market is studied from 2019 - 2031.

FRP stands for fiberglass-reinforced plastics it is also known as glass-reinforced plastics. It is a modern composite material especially used to build chemical plant equipment such as vessels and tanks. FRP Tank market is expected to grow exponentially during the forecast period owing to the increasing industrialization and demand for lightweight tanks. Also the increasing number of chemical and desalination plants boosting the demand of FRP tank.
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