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Pulished Date February, 2020
ID: 8234
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FRP Tank Market by Resin Type (Epoxy & Polyester), Fiber Type (Glass and Carbon), Application (Oil and Gas, Chemical, Water & Waste Water Treatment, Pulp & Paper), and Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa) –Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2020–2025)

Pulished: February, 2020
ID: 8234
Pages: 170

FRP Tank Market value and growth:

Global FRP Tank Market is valued at USD 1.98 billion in 2020 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.6 % during the forecast period to become a USD 2.47 billion market in 2025.

FRP Tank Market overview:

Fiber Reinforced Plastic is increasingly being used to construct all kinds of modern equipment. A field where composites have really made their mark is in the fluid holding tanks. Fibre Reinforced tanks are being used to store water in residential facilities, hold chemicals, oil, and other industrial fluids. They are lighter and easily transportable leading to their increasing popularity among consumers.

FRP Tank Market segmentation:

On the basis of Type, the market is separated into Polyester and Epoxy.  In this segment, the epoxy resin market is expected to grow faster than the polyester resin market.  This is because of the excellent properties offered by the epoxy variant in comparison to the polyester variant like superior mechanical strength, resistance to chemicals, toughness, easier manufacturing of composites due to superior adhesion to fibers and lower styrene emissions. The epoxy segment to grow with the highest CAGR during the analysis period.

On the Fiber Type, the market is separated into carbon and glass. Glass fiber has a larger market size in terms of both volume and value. Glass fiber market is the largest in terms of both volume and value and is projected to retain the top spot in the upcoming years during the forecast period.

On the Application, the market is separated into Water & Waste Water Treatment, Chemical, Oil and Gas, Pulp & Paper. Water & Waste Water Treatment was the largest market due to the demand from consumers for a lightweight alternative to the traditional concrete silos usually used for storing water in residential complexes and water treatment plants. Water & Waste Water segment the largest and is anticipated to retain the top spot during the forecast period.

FRP Tank Market geographical analysis:

On the basis of region, the FRP Tank Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe. Due to the growing number of middle-class families and rising population the Asia Pacific market is projected to grow with the fastest CAGR during the period of 2018-2023.The Asia Pacific market to grow with the highest CAGR during the analysis period of 2018-2023.

FRP Tank Market key players:

Major companies plying their trade in the FRP Tank Market include LF Manufacturing (U.S.), Denali Inc. (U.S.), Enduro Composites (U.S.), Composite Technology Development, Inc. (U.S.), ZCL Composites (Canada), Hexagon Composites ASA (Norway), Luxfer Group (U.K.), Faber Industries (Italy), and EPP Composites (India) among others.LF Manufacturing is one of the leading manufacturers of FRP Tanks worldwide. They have been making reinforced plastic tanks and containers since 1974. It is headquartered in Giddings, Texas. It has over 200 employees and has seven manufacturing facilities spread across the US to serve every part of the nation.

Recent Developments

The Trump administration recently announced sanctions on the Maduro government in Venezuela. This is expected to further squeeze the oil industry as Venezuela is a major crude oil exporter.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Resin Type                  

                                5.1.1 Introduction           

                                5.1.2 Epoxy        

                                5.1.3 Polyester 

                                5.1.5 Y-o-Y Growth Analysis, By Resin Type         

                                5.1.6 Market Attractiveness Analysis, By Resin Type       

                                5.1.7 Market Share Analysis, By Resin Type         

                5.2 Fiber Type                   

                                5.2.1 Introduction           

                                5.2.2 Glass          

                                5.2.3 Carbon      

                                5.2.5 Y-o-Y Growth Analysis, By Fiber Type          

                                5.2.6 Market Attractiveness Analysis, By Fiber Type        

                                5.2.7 Market Share Analysis, By Fiber Type          

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Oil & Gas  

                                5.3.3 Chemical  

                                5.3.4 Water & Waste Water Treatment 

                                5.3.5 Pulp & Paper          

                                5.3.7 Y-o-Y Growth Analysis, By Application         

                                5.3.8 Market Attractiveness Analysis, By Application       

                                5.3.9 Market Share Analysis, By Application        

                5.4 Applications                               

                                5.4.1 Introduction           

                                5.4.2 Wind Energy           

                                5.4.3 Aerospace & Defence        

                                5.4.4 Transportation      

                                5.4.7 Y-o-Y Growth Analysis, By Applications       

                                5.4.8 Market Attractiveness Analysis, By Applications     

                                5.4.9 Market Share Analysis, By Applications      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 LF Manufacturing                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Denali Inc.                   

                8.3 Enduro Composites                

                8.4Composite Technology Development, Inc.                    

                8.5 ZCL Composites                        

                8.6 Hexagon Composites ASA                    

                8.8 Luxfer Group                             

                8.9 Faber Industries                       

                8.10 EPP Composites                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

1.            Global FRP Tank MarketBy Region, From 2020-2025 ( USD Billion )

2.            Global FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

3.            Global Epoxy Market By Region, From 2020-2025 ( USD Billion )

4.            Global Polyester Market By Region, From 2020-2025 ( USD Billion )

5.            Global FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

6.            Global Glass Market By Region, From 2020-2025 ( USD Billion )

7.            Global Carbon Market By Region, From 2020-2025 ( USD Billion )

8.            Global FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

9.            Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

10.          Global Chemical Market By Region, From 2020-2025 ( USD Billion )

11.          Global Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

12.          Global Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

13.          North America FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

14.          North America Epoxy Market By Region, From 2020-2025 ( USD Billion )

15.          North America Polyester Market By Region, From 2020-2025 ( USD Billion )

16.          North America FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

17.          North America Glass Market By Region, From 2020-2025 ( USD Billion )

18.          North America Carbon Market By Region, From 2020-2025 ( USD Billion )

19.          North America FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

20.          North America Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

21.          North America Chemical Market By Region, From 2020-2025 ( USD Billion )

22.          North America Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

23.          North America Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

24.          United States FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

25.          United States FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

26.          United States FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

27.          Canada FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

28.          Canada FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

29.          Canada FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

30.          Europe FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

31.          Europe Epoxy Market By Region, From 2020-2025 ( USD Billion )

32.          Europe Polyester Market By Region, From 2020-2025 ( USD Billion )

33.          Europe FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

34.          Europe Glass Market By Region, From 2020-2025 ( USD Billion )

35.          Europe Carbon Market By Region, From 2020-2025 ( USD Billion )

36.          Europe FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

37.          Europe Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

38.          Europe Chemical Market By Region, From 2020-2025 ( USD Billion )

39.          Europe Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

40.          Europe Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

41.          U.K. FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

42.          U.K. FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

43.          U.K. FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

44.          Germany FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

45.          Germany FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

46.          Germany FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

47.          France FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

48.          France FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

49.          France FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

50.          Italy FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

51.          Italy FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

52.          Italy FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

53.          Spain FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

54.          Spain FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

55.          Spain FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

56.          Asia Pacific FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

57.          Asia Pacific Epoxy Market By Region, From 2020-2025 ( USD Billion )

58.          Asia Pacific Polyester Market By Region, From 2020-2025 ( USD Billion )

59.          Asia Pacific FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

60.          Asia Pacific Glass Market By Region, From 2020-2025 ( USD Billion )

61.          Asia Pacific Carbon Market By Region, From 2020-2025 ( USD Billion )

62.          Asia Pacific FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

63.          Asia Pacific Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

64.          Asia Pacific Chemical Market By Region, From 2020-2025 ( USD Billion )

65.          Asia Pacific Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

66.          Asia Pacific Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

67.          Japan FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

68.          Japan FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

69.          Japan FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

70.          China FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

71.          China FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

72.          China FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

73.          India FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

74.          India FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

75.          India FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

76.          Australia FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

77.          Australia FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

78.          Australia FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

79.          South Korea FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

80.          South Korea FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

81.          South Korea FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

82.          Latin America FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

83.          Latin America Epoxy Market By Region, From 2020-2025 ( USD Billion )

84.          Latin America Polyester Market By Region, From 2020-2025 ( USD Billion )

85.          Latin America FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

86.          Latin America Glass Market By Region, From 2020-2025 ( USD Billion )

87.          Latin America Carbon Market By Region, From 2020-2025 ( USD Billion )

88.          Latin America FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

89.          Latin America Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

90.          Latin America Chemical Market By Region, From 2020-2025 ( USD Billion )

91.          Latin America Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

92.          Latin America Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

93.          Brazil FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

94.          Brazil FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

95.          Brazil FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

96.          Argentina FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

97.          Argentina FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

98.          Argentina FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

99.          Mexico FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

100.        Mexico FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

101.        Mexico FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

102.        Rest of Latin America FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

103.        Rest of Latin America FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

104.        Rest of Latin America FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

105.        Middle East and Africa FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

106.        Middle East and Africa Epoxy Market By Region, From 2020-2025 ( USD Billion )

107.        Middle East and Africa Polyester Market By Region, From 2020-2025 ( USD Billion )

108.        Middle East and Africa FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

109.        Middle East and Africa Glass Market By Region, From 2020-2025 ( USD Billion )

110.        Middle East and Africa Carbon Market By Region, From 2020-2025 ( USD Billion )

111.        Middle East and Africa FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

112.        Middle East and Africa Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

113.        Middle East and Africa Chemical Market By Region, From 2020-2025 ( USD Billion )

114.        Middle East and Africa Water &Waste Water Treatment Market By Region, From 2020-2025 ( USD Billion )

115.        Middle East and Africa Pulp & Paper Market By Region, From 2020-2025 ( USD Billion )

116.        Middle East FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

117.        Middle East FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

118.        Middle East FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

119.        Africa FRP Tank MarketBy Resin Type, From 2020-2025 ( USD Billion )

120.        Africa FRP Tank MarketBy Fiber Type, From 2020-2025 ( USD Billion )

121.        Africa FRP Tank MarketBy Application, From 2020-2025 ( USD Billion )

 

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