Fiberglass Tanks Market Size, Growth, Demands, Revenue, Top Leading Company Analysis, Developing Technologies, Regional Overview and Revenue Analysis
The fiberglass
tanks market is expected to gain market growth in the forecast period of
2021 to 2028. Data Bridge Market Research analyses the market to reach at an
estimated value of USD 2,790.4 million by 2028 and to grow at a CAGR of 7.2% in the above-mentioned forecast period. The factors such as change in consumer
preferences among processing industries from steel and concrete storage tanks
to fiberglass storage tanks are the root cause fueling up the fiberglass tanks
market growth rate. Increase in awareness about fiberglass storage tanks among
the users especially regarding its high structural reliability, high
corrosion resistance properties, less weight, less installation costs and
low price which increases its demand for aboveground storage tanks in chemical,
petroleum and wastewater industries is other indirect determinant
which will also foster the fiberglass tanks market growth rate. However,
availability of alternatives such as concrete, plastic and steel is
expected to derail growth of the fiberglass tanks market.
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Market Analysis and
Insights
Fiberglass water storage
tanks (also referred as Glass Fiber Reinforced Plastic or GFRP) tanks that are
generally used to store water. They are usually stiff and rigid but relatively
thin and light and are highly demanded across the end users such as commercial,
residential, municipal and industrial. This
fiberglass tanks market report provides details of new recent developments,
trade regulations, import export analysis, production analysis, value chain
optimization, market share, impact of domestic and localized market players,
analyses opportunities in terms of emerging revenue pockets, changes in market
regulations, strategic market growth analysis, market size, category market growths,
application niches and dominance, product approvals, product launches,
geographical expansions, technological innovations in the market. To gain more
info on fiberglass tanks market contact Data Bridge Market Research for an
Analyst Brief, our team will help you take an informed market decision to
achieve market growth.
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Fiberglass Tanks Market
Scope
The fiberglass tanks market is segmented on the basis of type,
resin type, usage, sales and service, application and end users. The growth
amongst the different segments helps you in attaining the knowledge related to
the different growth factors expected to be prevalent throughout the market and
formulate different strategies to help identify core application areas and the
difference in your target market.
- On the basis of
type, the fiberglass tanks market is segmented into e-glass, a-glass,
s-glass, ar-glass, c-glass, r-glass and others.
- On the basis of
resin type, the market is segmented into polyester, vinyl ester and
others.
- On the basis of
usage, the fiberglass tanks market is segmented into water, oil and
gas, chemicals and wastewater.
- On the basis of
sales and service, the market is segmented into tank sales and service.
- On the basis of
application, the market is segmented into composite and insulation.
- On the basis of
end users, the market is segmented into commercial, residential, municipal
and industrial.
Competitive Landscape and Fiberglass
Tanks Market Share Analysis
The fiberglass tanks market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, presence, production sites and facilities,
production capacities, company strengths and weaknesses, product launch, product
width and breadth, application dominance. The above data points provided are
only related to the companies’ focus related to fiberglass tanks market.
The major players
covered in the fiberglass tanks market report are ‘Composite
Technology Development, Inc., PPG Industries, Inc., Design Tanks, Denali
Incorporated., NOV Inc., Enduro Composites, Russel Metals Inc., . EPP
Composites Pvt Ltd, Amiblu Holding GmbH, Nationwide Tank and Pipe LLC,
ANDRONACO INDUSTRIES., Enduro, Gruppo Sarplast, FIBREX., FCX Performance.,
Hengrun Group Co., Ltd, Graphite India Limited, ADPF, Balaji Fiber Reinforce
Pvt. Ltd., Zhongfu Lianzhong Group among other domestic and players. Market share data is available for ,
North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and
South America separately. DBMR analysts understand competitive strengths and
provide competitive analysis for each competitor separately.
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