Fiber Reinforced Plastic Frp Tank Market
PUBLISHED: 2024 ID: SMRC26854
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Fiber Reinforced Plastic Frp Tank Market

Fiber Reinforced Plastic (FRP) Tank Market Forecasts to 2030 - Global Analysis By Type (Vertical Tanks, Horizontal Tanks, Dual-Laminate Tanks, Field-Erected Tanks and Other Types), Resin Type, Application, End User and By Geography

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4.8 (36 reviews)
Published: 2024 ID: SMRC26854

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Fiber Reinforced Plastic (FRP) Tank Market is growing at a CAGR of 7.9% during the forecast period. Fiber Reinforced Plastic (FRP) tanks are storage containers constructed from composite materials comprising a polymer matrix reinforced with fibers, typically glass. These tanks are known for their high strength-to-weight ratio, corrosion resistance, and durability. The fibers provide structural strength, while the plastic matrix protects against chemical and environmental damage. FRP tanks are used in various industries, including chemical processing, wastewater treatment, and food and beverage production, due to their ability to withstand harsh chemicals and extreme temperatures. 

According to trading economics, a US-based legitimate and widely used financial website that provides its users with accurate information, industrial production in the United States climbed by 0.2% annually in April 2023.

Market Dynamics: 

Driver: 

Increasing demand for lightweight materials

Industries are seeking to improve efficiency, reduce transportation costs, and enhance performance, thus FRP tanks are becoming increasingly attractive due to their superior strength-to-weight ratio compared to traditional materials like steel and concrete. Moreover lightweight FRP tanks are easier and cheaper to transport and install, making them ideal for remote or difficult-to-access locations. Thus, their corrosion resistance and durability lower maintenance costs and extend service life, further appealing to sectors like chemical processing, wastewater treatment, and oil and gas which drives the growth of the market.

Restraint:

Higher upfront cost

Traditional materials like steel and concrete, FRP tanks have a higher initial investment, which can be a deterrent for budget-conscious buyers and smaller enterprises. This cost premium is attributed to the advanced manufacturing processes and high-quality raw materials required for FRP production. As a result, potential customers may opt for less expensive alternatives despite the long-term benefits of FRP tanks, such as reduced maintenance and longer lifespan. The higher upfront cost can also limit the adoption of FRP tanks in price-sensitive markets or projects with stringent budget constraints.

Opportunity:

Superior properties of fiber reinforced plastic composites

Reinforced plastic composites offer exceptional strength-to-weight ratios, corrosion resistance, and durability, outperforming traditional materials like steel and concrete. These properties make FRP tanks highly suitable for storing aggressive chemicals, wastewater, and other corrosive substances, reducing the risk of leaks and contamination. Further the lightweight nature of FRP composites facilitates easier transportation and installation, leading to lower logistics and labor costs thus propelling the market growth.

Threat:

Susceptibility to UV damage

Prolonged exposure to ultraviolet (UV) radiation can degrade the resin matrix of FRP tanks, leading to surface cracking, discoloration, and a reduction in structural integrity over time. This vulnerability necessitates additional protective measures, such as UV-resistant coatings or coverings, which increase the overall cost and complexity of installation and maintenance. Further for industries requiring outdoor storage, the potential for UV-induced deterioration may deter investment in FRP tanks hampering the market growth.

Covid-19 Impact: 

Lockdowns and restrictions led to reduced industrial activities and demand fluctuations, particularly in sectors like construction and chemical processing. However, the increased focus on healthcare and sanitation heightened demand for water and wastewater treatment solutions, positively influencing the FRP tank market. As economies recover and industries resume operations, the market is expected to rebound, driven by the need for durable, corrosion-resistant storage solutions in critical infrastructure projects.

The vertical tanks segment is expected to be the largest during the forecast period

The vertical tanks is expected to be the largest during the forecast period because their design allows for efficient use of space, making them ideal for locations with limited footprints. This space-saving advantage is particularly beneficial in urban and industrial settings where land availability and cost are critical considerations. Vertical FRP tanks are also easier to install and maintain compared to horizontal tanks, reducing labor costs and downtime boosting the market.

The polyester segment is expected to have the highest CAGR during the forecast period

The polyester segment is expected to have the highest CAGR during the forecast period due to their cost-effectiveness and ease of use. Polyester-based FRP tanks offer a balance of performance and affordability, making them a popular choice across various industries. Their excellent mechanical properties and resistance to many chemicals enhance the durability and reliability of FRP tanks. However, polyester resins are more susceptible to UV degradation compared to other resins like vinyl ester, which can lead to concerns about long-term performance in outdoor or harsh environments.

Region with largest share:

North America is projected to hold the largest market share during the forecast period because the region's strong industrial base, including sectors such as chemical processing, water treatment, and oil and gas, drives demand for FRP tanks. These tanks are valued for their durability, corrosion resistance, and lightweight properties, which are crucial in handling aggressive chemicals and harsh environmental conditions. Further in North America, increased focus on infrastructure modernization, environmental regulations, and sustainability initiatives is further boosting the market.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to the booming industrial sector, including chemicals, water treatment, and oil and gas, is a major driver of FRP tank demand. Additionally FRP tanks are favoured in Asia Pacific for their corrosion resistance, lightweight properties, and cost-effectiveness, particularly in environments with high humidity and chemical exposure. Thus the region's focus on improving water and wastewater management systems also boosts demand for FRP tanks.

Key players in the market

Some of the key players in Fiber Reinforced Plastic (FRP) Tank market include Denali Incorporated, Shawcor, Belding Tank Technologies Inc, Suyash Industries, FRP Manufacturing Inc, Synalloy, Red Ewald, LF Manufacturing, Plasticon Composites, Reparex Fabricated Systems RPX Composites,  Hebei Zhongyi FRP Co. Ltd, Enduro Composites Inc. , LF Manufacturing Inc., Huntsman Corporation , Augusta Fiberglass Coatings Inc., Belco Manufacturing Company Inc.

Key Developments:

In July 2024, Huntsman secures bluesign® APPROVED status for IROGRAN® TPU products. The materials in question are part of Huntsman’s IROGRAN® film and sheet portfolio, and can be used to enhance the production, performance, and comfort of stitchless, seamless garments including underwear, sportswear, and outdoor and waterproof clothing.

In April 2024, Huntsman launches new SHOKLESS™ polyurethane systems to help protect electric vehicle batteries. The new range also includes products that can be used as a moldable encapsulant in battery modules or packs.

Types Covered:
• Vertical Tanks
• Horizontal Tanks
• Dual-Laminate Tanks
• Field-Erected Tanks
• Other Types

Resin Types Covered:
• Polyester 
• Vinyl Ester 
• Epoxy 
• Other Resin Types 

Applications Covered:
• Water & Wastewater Treatment 
• Chemicals 
• Oil & Gas 
• Pulp & Paper 
• Power Generation 
• Other Applications 

End Users Covered:
• Municipalities 
• Commercial 
• Residential 
• Other End Users  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface          
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Fiber Reinforced Plastic (FRP) Tank Market, By Type     
 5.1 Introduction        
 5.2 Vertical Tanks        
 5.3 Horizontal Tanks        
 5.4 Dual-Laminate Tanks       
 5.5 Field-Erected Tanks        
 5.6 Other Types        
           
6 Global Fiber Reinforced Plastic (FRP) Tank Market, By Resin Type    
 6.1 Introduction        
 6.2 Polyester         
 6.3 Vinyl Ester        
 6.4 Epoxy         
 6.5 Other Resin Types        
           
7 Global Fiber Reinforced Plastic (FRP) Tank Market, By Application    
 7.1 Introduction        
 7.2 Water & Wastewater Treatment      
 7.3 Chemicals        
 7.4 Oil & Gas         
 7.5 Pulp & Paper        
 7.6 Power Generation        
 7.7 Other Applications        
           
8 Global Fiber Reinforced Plastic (FRP) Tank Market, By End User    
 8.1 Introduction        
 8.2 Municipalities        
 8.3 Commercial        
 8.4 Residential        
 8.5 Other End Users        
           
9 Global Fiber Reinforced Plastic (FRP) Tank Market, By Geography    
 9.1 Introduction        
 9.2 North America        
  9.2.1 US        
  9.2.2 Canada        
  9.2.3 Mexico        
 9.3 Europe         
  9.3.1 Germany        
  9.3.2 UK        
  9.3.3 Italy        
  9.3.4 France        
  9.3.5 Spain        
  9.3.6 Rest of Europe       
 9.4 Asia Pacific        
  9.4.1 Japan        
  9.4.2 China        
  9.4.3 India        
  9.4.4 Australia        
  9.4.5 New Zealand       
  9.4.6 South Korea       
  9.4.7 Rest of Asia Pacific       
 9.5 South America        
  9.5.1 Argentina       
  9.5.2 Brazil        
  9.5.3 Chile        
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia       
  9.6.2 UAE        
  9.6.3 Qatar        
  9.6.4 South Africa       
  9.6.5 Rest of Middle East & Africa      
           
10 Key Developments         
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions        
 10.5 Other Key Strategies       
           
11 Company Profiling         
 11.1 Denali Incorporated        
 11.2 Shawcor         
 11.3 Belding Tank Technologies Inc       
 11.4 Suyash Industries        
 11.5 FRP Manufacturing Inc       
 11.6 Synalloy         
 11.7 Red Ewald        
 11.8 LF Manufacturing        
 11.9 Plasticon Composites       
 11.10 Reparex Fabricated Systems RPX Composites     
 11.11 Hebei Zhongyi FRP Co. Ltd       
 11.12 Enduro Composites Inc.       
 11.13 LF Manufacturing Inc.       
 11.14 Huntsman Corporation       
 11.15 Augusta Fiberglass Coatings Inc.      
 11.16 Belco Manufacturing Company Inc.      
           
List of Tables          
1 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Region (2022-2030) ($MN)  
2 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN)  
3 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN) 
4 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN) 
5 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN) 
6 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN) 
7 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN) 
8 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN)  
9 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN)  
10 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN)  
11 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN)  
12 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN) 
13 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN)  
14 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
15 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN)  
16 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN)  
17 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN) 
18 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN) 
19 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN) 
20 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN)  
21 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN) 
22 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN) 
23 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN)  
24 Global Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN) 
25 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Country (2022-2030) ($MN) 
26 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN) 
27 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN) 
28 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN)
29 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN)
30 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN)
31 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN) 
32 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN) 
33 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN) 
34 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN) 
35 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN) 
36 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN)
37 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN) 
38 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
39 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN) 
40 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN) 
41 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN) 
42 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN)
43 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN)
44 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN) 
45 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN)
46 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN) 
47 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN) 
48 North America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN)
49 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Country (2022-2030) ($MN)  
50 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN)  
51 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN) 
52 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN) 
53 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN) 
54 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN) 
55 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN) 
56 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN)  
57 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN)  
58 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN)  
59 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN)  
60 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN) 
61 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN) 
62 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
63 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN)  
64 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN)  
65 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN) 
66 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN) 
67 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN) 
68 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN)  
69 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN) 
70 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN) 
71 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN) 
72 Europe Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN) 
73 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Country (2022-2030) ($MN) 
74 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN)  
75 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN) 
76 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN) 
77 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN)
78 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN)
79 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN) 
80 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN) 
81 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN) 
82 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN) 
83 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN)  
84 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN)
85 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN) 
86 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
87 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN) 
88 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN) 
89 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN) 
90 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN)
91 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN)
92 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN) 
93 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN) 
94 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN) 
95 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN) 
96 Asia Pacific Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN) 
97 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Country (2022-2030) ($MN) 
98 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN) 
99 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN) 
100 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN)
101 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN)
102 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN)
103 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN) 
104 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN) 
105 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN) 
106 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN) 
107 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN) 
108 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN)
109 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN) 
110 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
111 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN) 
112 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN) 
113 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN) 
114 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN)
115 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN)
116 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN) 
117 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN)
118 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN) 
119 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN) 
120 South America Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN)
121 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Country (2022-2030) ($MN) 
122 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Type (2022-2030) ($MN) 
123 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vertical Tanks (2022-2030) ($MN)
124 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Horizontal Tanks (2022-2030) ($MN)
125 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Dual-Laminate Tanks (2022-2030) ($MN)
126 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Field-Erected Tanks (2022-2030) ($MN)
127 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Types (2022-2030) ($MN)
128 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Resin Type (2022-2030) ($MN)
129 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Polyester (2022-2030) ($MN)
130 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Vinyl Ester (2022-2030) ($MN)
131 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Epoxy (2022-2030) ($MN) 
132 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Resin Types (2022-2030) ($MN)
133 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Application (2022-2030) ($MN)
134 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
135 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Chemicals (2022-2030) ($MN)
136 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Oil & Gas (2022-2030) ($MN)
137 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Pulp & Paper (2022-2030) ($MN)
138 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Power Generation (2022-2030) ($MN)
139 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other Applications (2022-2030) ($MN)
140 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By End User (2022-2030) ($MN)
141 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Municipalities (2022-2030) ($MN)
142 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Commercial (2022-2030) ($MN)
143 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Residential (2022-2030) ($MN)
144 Middle East & Africa Fiber Reinforced Plastic (FRP) Tank Market Outlook, By Other End Users (2022-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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Request Customization

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Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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