The global FRP (Fiberglass Reinforced Plastic) Vessels market, valued at $3.75 billion in 2020, is projected to reach $6.28 billion by 2028, growing at a compound annual growth rate (CAGR) of 7.67% from 2021 to 2028. This growth is driven by various macro and microeconomic factors, including the rising demand for FRP vessels in the automotive industry.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Fiber (Glass, Carbon, Others), By Resin (Polyester, Epoxy, Others)
By Application (Automotive & Transportation, Chemicals, Industrial, Oil & Gas, Water & Wastewater, Others)
Key players
Faber Industrie
Luxfer Group
ZCL Composites Inc.
Hexagon Composites
Everest Kanto Cylinders Ltd.
Quantum Fuel Systems
Avanco Group
Denali Incorporated
ULLIT
Worthington Industries, Inc.
- Chapter 1. Executive Summary
- Chapter 2. Scope Of The Study
- 2.1. Market Definition
- 2.2. Scope Of The Study
- 2.2.1. Objectives of Report
- Chapter 3. Evolve BI Methodology
- Chapter 4. Market Insights and Trends
- 4.1. Supply/ Value Chain Analysis
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Threat Of New Entrants
- 4.2.2. Bargaining Power Of Buyers
- 4.2.3. Bargaining Power Of Suppliers
- 4.2.4. Threat Of Substitutes
- 4.2.5. Industry Rivalry
- 4.3. Impact of COVID-19 on FRP Vessels Market
- 4.3.1. Impact on Market Size
- 4.3.2. End User Trend, Preferences, and Budget Impact
- 4.3.3. Regulatory Framework/Government Policies
- 4.3.4. Key Players Strategy to Tackle Negative Impact
- 4.3.5. Opportunity Window
- Chapter 5. Market Dynamics
- 5.1. Introduction
- 5.2. DRO Analysis
- 5.2.1. Drivers
- 5.2.2. Restraints
- 5.2.3. Opportunities
- Chapter 6. Global FRP Vessels Market, By Fiber
- 6.1. Introduction
- 6.2. Glass
- 6.3. Carbon
- Chapter 7. Global FRP Vessels Market, By Resin
- 7.1. Introduction
- 7.2. Polyester
- 7.3. Epoxy
- 7.4. Others
- Chapter 8. Global FRP Vessels Market, By Application
- 8.1. Introduction
- 8.2. Automotive & Transportation
- 8.3. Chemicals
- 8.4. Industrial
- 8.5. Oil & Gas
- 8.6. Water & Wastewater
- 8.7. Others
- Chapter 9. Global FRP Vessels Market, By Region
- 9.1. Introduction
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.3. Market Size and Forecast, By Country, 2020 - 2028
- 9.2.4. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.2.5. Market Size and Forecast, By Resin, 2020 - 2028
- 9.2.6. Market Size and Forecast, By Application, 2020 - 2028
- 9.2.7. US
- 9.2.7.1. Introduction
- 9.2.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.7.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.2.7.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.2.7.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.2.8. Canada
- 9.2.8.1. Introduction
- 9.2.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.2.8.4. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.2.8.5. Market Size and Forecast, By Resin, 2020 - 2028
- 9.2.8.6. Market Size and Forecast, By Application, 2020 - 2028
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.3. Market Size and Forecast, By Country, 2020 - 2028
- 9.3.4. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.5. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.6. Market Size and Forecast, By Application, 2020 - 2028
- 9.3.7. Germany
- 9.3.7.1. Introduction
- 9.3.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.7.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.7.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.7.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.3.8. France
- 9.3.8.1. Introduction
- 9.3.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.8.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.8.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.8.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.3.9. UK
- 9.3.9.1. Introduction
- 9.3.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.9.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.9.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.9.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.3.10. Italy
- 9.3.10.1. Introduction
- 9.3.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.10.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.10.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.10.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.3.11. Rest Of Europe
- 9.3.11.1. Introduction
- 9.3.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.3.11.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.3.11.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.3.11.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.4. Asia-Pacific
- 9.4.1. Introduction
- 9.4.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.3. Market Size and Forecast, By Country, 2020 - 2028
- 9.4.4. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.5. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.7. Market Size and Forecast, By Application, 2020 - 2028
- 9.4.8. China
- 9.4.8.1. Introduction
- 9.4.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.8.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.8.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.8.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.4.9. India
- 9.4.9.1. Introduction
- 9.4.9.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.9.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.9.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.9.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.4.10. Japan
- 9.4.10.1. Introduction
- 9.4.10.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.10.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.10.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.10.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.4.11. South Korea
- 9.4.11.1. Introduction
- 9.4.11.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.11.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.11.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.11.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.4.12. Rest Of Asia-Pacific
- 9.4.11.1. Introduction
- 9.4.12.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.4.12.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.4.12.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.4.12.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.5. Rest Of The World (RoW)
- 9.5.1. Introduction
- 9.5.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.5.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.5.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.5.6. Market Size and Forecast, By Region, 2020 - 2028
- 9.5.7. South America
- 9.5.7.1. Introduction
- 9.5.7.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.7.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.5.7.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.5.7.5. Market Size and Forecast, By Application, 2020 - 2028
- 9.5.8. Middle East & Africa
- 9.5.8.1. Introduction
- 9.5.8.2. Driving Factors, Opportunity Analyzed and Key Trends
- 9.5.8.3. Market Size and Forecast, By Fiber, 2020 - 2028
- 9.5.8.4. Market Size and Forecast, By Resin, 2020 - 2028
- 9.5.8.5. Market Size and Forecast, By Application, 2020 - 2028
- Chapter 10. Competitive Landscape
- 10.1. Introduction
- 10.2. Vendor Share Analysis, 2020/Key Players Positioning 2020
- Chapter 11. Company Profiles
- 11.1. Faber Industrie
- 11.1.1. Business Overview
- 11.1.2. Financial Analysis
- 11.1.3. Product Portfolio
- 11.1.4. Recent Development and Strategies Adopted
- 11.1.5. SWOT Analysis
- 11.2. Luxfer Group
- 11.2.1. Business Overview
- 11.2.2. Financial Analysis
- 11.2.3. Product Portfolio
- 11.2.4. Recent Development and Strategies Adopted
- 11.2.5. SWOT Analysis
- 11.3. ZCL Composites Inc.
- 11.3.1. Business Overview
- 11.3.2. Financial Analysis
- 11.3.3. Product Portfolio
- 11.3.4. Recent Development and Strategies Adopted
- 11.3.5. SWOT Analysis
- 11.4. Hexagon Composites
- 11.4.1. Business Overview
- 11.4.2. Financial Analysis
- 11.4.3. Product Portfolio
- 11.4.4. Recent Development and Strategies Adopted
- 11.4.5. SWOT Analysis
- 11.5. Everest Kanto Cylinders Ltd.
- 11.5.1. Business Overview
- 11.5.2. Financial Analysis
- 11.5.3. Product Portfolio
- 11.5.4. Recent Development and Strategies Adopted
- 11.5.5. SWOT Analysis
- 11.6. Quantum Fuel Systems
- 11.6.1. Business Overview
- 11.6.2. Financial Analysis
- 11.6.3. Product Portfolio
- 11.6.4. Recent Development and Strategies Adopted
- 11.6.5. SWOT Analysis
- 11.7. Avanco Group
- 11.7.1. Business Overview
- 11.7.2. Financial Analysis
- 11.7.3. Product Portfolio
- 11.7.4. Recent Development and Strategies Adopted
- 11.7.5. SWOT Analysis
- 11.8. Denali Incorporated
- 11.8.1. Business Overview
- 11.8.2. Financial Analysis
- 11.8.3. Product Portfolio
- 11.8.4. Recent Development and Strategies Adopted
- 11.8.5. SWOT Analysis
- 11.9. ULLIT
- 11.9.1. Business Overview
- 11.9.2. Financial Analysis
- 11.9.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- 11.10. Worthington Industries, Inc.
- 11.10.1. Business Overview
- 11.10.2. Financial Analysis
- 11.10.3. Product Portfolio
- 11.9.4. Recent Development and Strategies Adopted
- 11.9.5. SWOT Analysis
- Chapter 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook