According to a new market report published by Lucintel, the future of FRP tank in the global water and wastewater market looks promising with opportunities in municipal, industrial, residential, and commercial end use industry. FRP tank in the global water and wastewater market is expected to reach $1.0 billion by 2024 with a CAGR of 4.8% from 2019 to 2024. The major drivers for this market are growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
In this market, FRP tank is used in various applications, such as wastewater, industrial wastewater, plumbing & engineered solutions, water conservation, and potable water. On the basis of comprehensive research, Lucintel forecasts that the wastewater application will remain the largest application and it is expected to witness highest growth over the forecast period due to increasing government spending on recycling and reuse of wastewater.
Within this market, the municipal end use industry will remain the largest end use segment and it is also expected to witness the highest growth over the forecast period due to growth in water infrastructure activities in the emerging economies such as China and India.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to rapid industrialization, urbanization and high government investment for infrastructure development, and water/waste water management programs.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of new dual usage of FRP tank i.e. for fire protection as well as for potable water. Containment Solution, ZCL Composites Inc., Hengrun Group, Zurn Green Turtel, Orenco Systems, Amiantit, Plastilon Oy, Belco Manufacturing, China National Building Material Company Limited, Permian Tank & Manufacturing, and L.F. Manufacturing are among the leading manufacturers of FRP tank in the global water and wastewater market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of FRP tank in the global water and wastewater market by end use industry, application, installation, capacity, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities of FRP Tank in Global Water and Wastewater Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes market trends and forecasts for FRP tank in the global water and wastewater market segmented by end use industry, application, installation, capacity, and region as follows:
By End Use ($M shipment analysis for 2013 to 2024):
By Application ($M shipment analysis for 2013 to 2024):
• Industrial Wastewater
• Plumbing Engineered Solutions
• Water Conservation
• Potable Water
• Fire Protection
By Installation ($M shipment analysis for 2013 to 2024):
• Above ground
By Capacity ($M shipment analysis for 2013 to 2024):
• Less Than 5k Liters
• 5k-50k Liters
• 50k-25k Liters
By Region ($M shipment analysis for 2013 to 2024):
• North America
• Asia Pacific (APAC)
• Rest of the World (ROW)
This 189 page 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 email@example.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
This report answers the following 11 key questions:
Q.1.What are some of the most promising, high-growth of FRP tank in the global water and wastewater market by application (wastewater, industrial wastewater, plumbing engineered solutions, water conservation, potable water, fire protection), by installation (underground and aboveground), by capacity (less than 5k, 5k-50k, and 50k-250k), by end use industry (municipal, industrial, residential and commercial), region (North America, Europe APAC, and the Rest of the World).
Q.2.Which application segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are emerging trends in this market and reasons behind them?
Q.7.What are some changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products in this market and how great of a threat do they pose for loss of market share through product substitution?
Q.11.What M & A activities have transpired in the last 5 years in this market and how have they affected the industry?