Global Fiber Reinforced Plastic Vessels Market Outlook, Opportunities And Strategies – Includes Fiber Reinforced Plastic Vessels Market Size
Learn about the global fiber reinforced plastic vessels market through The Business Research Company, which provides information on fiber reinforced plastic vessels market size, fiber reinforced plastic vessels market drivers and restraints, fiber reinforced plastic vessels market players, the COVID-19 impact on the fiber reinforced plastic vessels market, and more.
The global fibre reinforced plastic vessel market size is expected to grow from $2.78 billion in 2021 to $3.01 billion in 2022 at a compound annual growth rate (CAGR) of 8.29%. The global fibre reinforced plastic vessel market size is expected to reach $4.35 billion in 2026 at a CAGR of 9.63%.
Increasing demand for fibre-reinforced plastic vessels in the automotive industry is driving the growth of the market.
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The fiber-reinforced plastic vessels market consists of sales of the fiber-reinforced plastic vessels by entities (organizations, sole traders, partnerships) that refers to enclosed containers manufactured by fiber-reinforced plastic and designed to hold liquids, vapours and gases. Fiber-reinforced plastic is a composite material made of polymer resins as a matrix and glass or carbon fiber as a reinforcement. The technical advantages of fiber-reinforced plastic include corrosion resistant, ability to withstand hydrostatic forces, and strong tensile strength.
Global Fiber Reinforced Plastic Vessels Market Segments Include:
By Type: Glass Fiber, Carbon Fiber, Aramid Fiber, Other Types
By Distribution Channel: Online, Offline
By Resin: Polyester, Epoxy, Polyurethane, Other Resins
By Application: Automotive & Transportation, Water & Wastewater, Chemical, Industrial, Oil & Gas, Other Applications
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the fiber reinforced plastic vessels market in 2021.
Development of low-weight transportation FRP vessels is the key trend gaining popularity in fibre reinforced plastic vessels market. Carbon fibre reinforced polymers and glass fibre reinforced polymers are some of the FRP used in the development of the low weight transportation materials.
Major Market Players: Sainath Industrial Corporation, Plas-Tank Industries Inc., JRMS Engineering Works, TROY Dualam Inc., Swami Plastic Industries, Augusta Fiberglass Coating Inc., Worthington Industries, Inc., Avanco Group, Cevotec Gmbh, Denali Incorporated, Enduro Composites Inc., EPP Composites Pvt. Ltd., Faber Industrie Spa, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Nproxx, Quantum Fuel Systems LLC., and ZCL Composites, Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Fiber Reinforced Plastic Vessels Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides fiber reinforced plastic vessels market overviews, analyzes and forecasts market size, share, fiber reinforced plastic vessels market players, fiber reinforced plastic vessels market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s fiber reinforced plastic vessels market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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