Lucintel Forecasts North American Frp Tank Market To Reach $699 Million By 2030

By Author: Lucintel LLC
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According to the recent study the North American FRP tank market is projected to reach an estimated $699 million by 2030 from $524 million in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing use of composites products over metals, steel, and concrete made tanks due to high strength, greater corrosion resistance, and faster manufacturing process.
Browse 72 figures/charts and 52 tables in this 148-page report to understand trends, opportunities and forecast in North American FRP tank market by application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture/aquaculture, and others), type (under storage tank, and above storage tank), process (filament winding, centrifugal casting, lay-up and spray-up), and Country (Eastern Canada, Eastern US, Central US, Western US, Western Canada, and Texas, OK, LA).
Lucintel forecasts that water/wastewater segment will remain the largest application by value and volume during the forecast period due to infrastructural development. Septic is expected to witness highest growth over the forecast period.
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Above storage tank is expected to remain the largest segment due to its increasing use in the chemical and water/wastewater application. Under storage tank is expected to witness highest growth over the forecast period.
Mattr Infratech, Containment Solutions, Belco Manufacturing Co. Inc., L.F. Manufacturing, Inc., Orenco Systems Inc., Zurn Green Turtle, Fabricated Plastic Limited, Diamond Fiberglass are the major supplier in the North American FRP tank market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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