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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