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FRP Tank Market by Resin Type (Polyester & Epoxy), Fiber Type (Carbon and Glass), Application (Water & Waste Water Treatment, Chemical, Oil and Gas, Pulp & Paper, and Power) - Global Trends &Forecasts to 2021

FRP Tank Market by Resin Type (Polyester & Epoxy), Fiber Type (Carbon and Glass), Application (Water & Waste Water Treatment, Chemical, Oil and Gas, Pulp & Paper, and Power) - Global Trends &Forecasts to 2021

“FRP Tank market projected to register a CAGR of 4.73% during the forecast period”
The market for FRP tank is projected to reach a market size of USD 2.32 billion by 2021, at a CAGR of 4.73% between 2016 and 2021. The major driver stimulating the FRP tank market is high demand for lightweight and superior properties of composites and the increasing demand for FRP tanks for heavy vehicles in North America and Europe. Lack of product awareness and issues related to high cost of composites are the major growth restraints for FRP tank market.

“Water & waste water is the fastest-growing application in the FRP tank market, in terms of value.”
Composite tanks offer lightweight and superior property solutions against highly corrosive fluids and harsh environment conditions at various temperatures, pressures, and adverse weather and soil conditions. These properties are some of the drivers boosting the growth of the FRP tank market. FRP tanks help to minimize corrosion and underground leakage unlike the metallic alloy tanks.

“Asia-Pacific is the fastest-growing market of FRP Tank.”
Asia-Pacific is expected to be the fastest-growing market for FRP tank in the next five years. The main factor that contributed to its growth is the increasing urbanization and industrialization coupled with rising disposable income of the population. This has resulted in high demand for consumer goods and services such as power, construction, processed foods, and sanitation (water & waste water treatment), which are the applications of FRP tanks. Thus, these growing application industries would significantly boost the FRP tank market in the Asia-Pacific region.
High cost of composites and lack of product awareness are restraining the growth of the FRP tank market.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:
By company size- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
By designation- C Level- 30%, Director Level- 25%, and Others- 45%
By region- North America- 30%, Europe- 25%, Asia-Pacific- 30%, the Middle East & Africa- 10%, and Latin America- 5%.

The report provides comprehensive analysis of companies listed below:
ZCL Composites (Canada)
Enduro Composites (U.S.)
LF Manufacturing (U.S.)
Denali Inc. (U.S.)
EPP Composites (India)
Hexagon Composite Engineering Sdn Bhd (Malaysia)
Composite Technology Development, Inc. (U.S.)
Luxfer Group (U.K.)
Hexagon Composites ASA (Norway)
Faber Industries (Italy)

Research Coverage

This report covers the market of FRP tanks and forecasts the market size until 2021. The report includes the market segmentation by resin type (polyester, epoxy, and others), by fiber type (glass and carbon fiber), by application (water & waste water, chemicals, oil & gas, pulp & paper, power, and others) and region (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America). Porter’s five forces analysis along with drivers, restraints, challenges, and opportunities have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major market players in the FRP tank market.

Reasons to buy the report:
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the FRP tank market comprehensively and provides the closest approximations of the market revenues and the sub segments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table FRP TANK MARKET SIZE, BY VOLUME AND VALUE, 2014-2021
  • PREMIUM INSIGHTS
    • FRP TANK MARKET SIZE, IN TERMS OF VALUE, 2016-2021
    • FRP TANK MARKET, BY RESIN TYPE
    • FRP TANK MARKET, BY REGION AND BY APPLICATION
    • FRP TANK MARKET SHARE (VALUE), BY COUNTRY
    • FRP TANK MARKET SIZE, BY FIBER TYPE
    • FRP TANK MARKET SIZE, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY RESIN TYPE
      • BY FIBER TYPE
      • BY APPLICATION
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF RIVALRY
  • MACRO ECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, BY COUNTRY, 2015-2021(USD BILLION)
    • PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND
      • Table PER CAPITA GDP VS. PER CAPITA COMPOSITE MATERIALS DEMAND, BY COUNTRY, 2015
    • TRENDS IN PRODUCTION AND CONSUMPTION OF OIL
      • TRENDS IN OIL PRODUCTION
        • Table OIL PRODUCTION, BY COUNTRY, 2011-2015 (THOUSAND BARRELS PER DAY)
      • TRENDS IN OIL CONSUMPTION
        • Table OIL CONSUMPTION, BY COUNTRY, 2011-2015 (THOUSAND BARRELS PER DAY)
    • TRENDS IN PRODUCTION AND CONSUMPTION OF GAS
      • TRENDS IN GAS PRODUCTION
        • Table GAS PRODUCTION, BY COUNTRY, 2011-2015 (BILLION CUBIC METERS)
      • TRENDS IN GAS CONSUMPTION
        • Table GAS CONSUMPTION, BY COUNTRY, 2011-2021 (BILLION CUBIC METERS)
    • FUTURE OUTLOOK OF THE OIL & GAS INDUSTRY
      • TRENDS AND FORECASTS OF FLUCTUATING OIL PRICES, 2012-2021
      • TRENDS AND FORECASTS OF FLUCTUATING NATURAL GAS PRICES, 2012-2021
  • FRP TANK MARKET, BY FIBER TYPE
    • INTRODUCTION
      • Table FRP TANK MARKET SIZE, BY FIBER TYPE, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE, BY FIBER TYPE, 2014-2021 (KILOTON)
    • GLASS FIBER COMPOSITES
      • Table GLASS FIBER-BASED FRP TANK MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table GLASS FIBER-BASED FRP TANK MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
    • CARBON FIBER COMPOSITES
      • Table CARBON FIBER BASED FRP TANK MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table CARBON FIBER-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
  • FRP TANKS MARKET, BY RESIN TYPE
    • INTRODUCTION
      • Table FRP TANKS MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table FRP TANKS MARKET SIZE, BY RESIN TYPE, 2014-2021 (KILOTON)
    • POLYESTER RESIN
      • Table POLYESTER RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table POLYESTER RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
    • EPOXY RESIN
      • Table EPOXY RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table EPOXY RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
    • OTHER RESINS
      • POLYETHYLENE RESINS
      • PHENOLIC RESINS
      • VINYL ESTER RESINS
        • Table OTHER RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
        • Table OTHER RESIN-BASED FRP TANKS MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
  • FRP TANK MARKET, BY APPLICATION
    • INTRODUCTION
      • Table FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
    • WATER & WASTE WATER
      • Table FRP TANK MARKET SIZE IN WATER & WASTE WATER APPLICATION, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE IN WATER & WASTE WATER APPLICATION, BY REGION, 2014-2021 (KILOTON)
    • CHEMICALS
      • Table FRP TANK MARKET SIZE IN CHEMICAL INDUSTRY, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE IN CHEMICAL INDUSTRY, BY REGION, 2014-2021 (KILOTON)
    • OIL & GAS
      • Table FRP TANK MARKET SIZE IN OIL & GAS APPLICATION, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE IN OIL & GAS APPLICATION, BY REGION, 2014-2021 (KILOTON)
    • PULP & PAPER
      • Table FRP TANK MARKET SIZE IN PULP & PAPER APPLICATION, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE IN PULP & PAPER APPLICATION, BY REGION, 2014-2021 (KILOTON)
    • POWER
      • Table FRP TANK MARKET SIZE IN POWER APPLICATION, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE IN POWER APPLICATION, BY REGION, 2014-2021 (KILOTON)
    • OTHERS
      • TRANSPORTATION
      • PHARMACEUTICAL
      • FOOD PROCESSING
        • Table FRP TANK MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014-2021 (USD MILLION)
        • Table FRP TANK MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2014-2021 (KILOTON)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table FRP TANK MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • Table FRP TANK MARKET SIZE, BY REGION, 2014-2021 (KILOTON)
    • NORTH AMERICA
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (KILOTON)
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (KILOTON)
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table NORTH AMERICA: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
      • U.S.
      • CANADA
    • EUROPE
      • Table EUROPE: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table EUROPE: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (KILOTON)
      • Table EUROPE: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table EUROPE: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (KILOTON)
      • Table EUROPE: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table EUROPE: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
      • FRANCE
      • GERMANY
      • ITALY
      • POLAND
      • SPAIN
      • SWEDEN
      • U.K.
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (KILOTON)
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021(KILOTON)
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (USD MILLION)
      • Table ASIA-PACIFIC: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA & NEW ZEALAND
      • SOUTH KOREA
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY COUNTRY, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY COUNTRY, 2016-2021 (KILOTON)
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (KILOTON)
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
      • UAE
      • SAUDI ARABIA
      • SOUTH AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY COUNTRY, 2016-2021 (KILOTON)
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (USD MILLION)
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY RESIN TYPE, 2014-2021 (KILOTON)
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY APPLICATION, 2016-2021 (USD MILLION)
      • Table LATIN AMERICA: FRP TANK MARKET SIZE, BY APPLICATION, 2014-2021 (KILOTON)
      • BRAZIL
      • MEXICO
      • ARGENTINA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF MAJOR PLAYERS
      • Table MARKET RANKING OF TOP 5 PLAYERS IN THE GLOBAL FRP TANK MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
      • AGREEMENTS, &JVS
        • Table AGREEMENTS, AND JVS, 2011-2016
      • EXPANSIONS
        • Table EXPANSIONS 2011-2016
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2011-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS
  • COMPANY PROFILES
    • INTRODUCTION
    • ZCL COMPOSITES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • LUXFER HOLDINGS PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DENALI INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ENDURO COMPOSITES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • FABER INDUSTRIE SPA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • EPP COMPOSITES PVT. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • HEXAGON COMPOSITES ASA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LF MANUFACTURING INC.
      • BUSINESS OVERVIEW
      • PRODUCTS
    • COMPOSITE TECHNOLOGY DEVELOPMENT INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HEXAGON COMPOSITE ENGINEERING SDN BHD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER KEY PLAYERS
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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