Market Overview:
The global FRP dual laminate tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tanks in various end-use industries, such as irritant chemicals, petrochemical products, and high purity products. In terms of type, the polypropylene & GRP segment is expected to lead the global FRP dual laminate tank market during the forecast period. This can be attributed to its properties such as resistance against corrosion and abrasion and low thermal expansion coefficient.
Product Definition:
FRP dual laminate tank is the combination of fiberglass and resin. It has high strength and good impact resistance. FRP dual laminate tanks are used to store gasoline, oil, water and other liquids.
Polypropylene & GRP:
Polypropylene (PP) and Glass Reinforced Polypropylene (GRP) are two majorly used polymers in the FRP dual laminate tank market. The growth factor for these polymers is their excellent mechanical properties, specifically fatigue resistance coupled with chemical inertness. These properties have made them one of the most widely accepted materials in industries such as automotive, construction, electrical & electronics and packaging among others.
PVC-U & GRP:
PVC-U & GRP is a kind of plastic resin that contains polyvinyl chloride and glass fiber reinforced plastic. It can be used in making pipes, tanks, and other industrial equipment. PVC-U & GRP products are widely used in the food packaging industry as they have properties such as flexibility, transparency, heat resistance up to 120°C (Bakery Boxes), 135°C (Food Containers), 200 °F (Plastic Bottles) and others.
Application Insights:
The petrochemical products segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to rising demand for polyurethane and polyester resins from various industries such as automotive, construction, consumer goods and packaging. Petrochemical products are further segregated into two categories namely irritant chemicals and non-irritant chemicals wherein the former category includes hydrocarbons (such as butane, propylene) while latter includes oxygen-sensitive compounds (such as ethylene oxide).
Non-irritating chemical segments such as high purity &PVC-U or GRP laminate tanks exhibit higher resistance towards scratches & dents owing to their rigid body structure which makes them suitable for storage of highly viscous & aggressive liquids like paints without suffering any damage. These types of tanks are also used for storing flammable solvents that require a high level of safety along with durability.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing product demand from petrochemical and irritating chemicals industries. Increasing construction activities due to growing population are likely to boost product demand from water storage tanks used for residential, commercial, and industrial applications.
The rising number of manufacturing facilities along with expanding application scope is projected to drive industry expansion across Europe as well. The regional market witnessed a considerable rise in production capacity by 2019 on account of technological advancements such as automated machinery, robotics, 3D printing etc., which resulted into high-quality products at competitive prices thus attracting major players toward investing more money for expanding their business operations within the region thereby driving industry growth across this region also.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in the automotive and aerospace industries is expected to drive the growth of FRP dual laminate tank market.
- The increasing demand for storage tanks owing to the growth of oil & gas, chemical, and water treatment industries is also anticipated to fuel the growth of FRP dual laminate tank market during the forecast period.
- Growing awareness about safety requirements in various end-use industries is projected to boost the adoption of FRP dual laminate tanks across different applications segments over next few years.
- Rising investments in infrastructure development projects are expected to create new opportunities for players operating in this market during forecast period 2017 – 2025
Scope Of The Report
Report Attributes
Report Details
Report Title
FRP Dual Laminate Tank Market Research Report
By Type
Polypropylene & GRP, PVC-U & GRP, Others
By Application
Irritating Chemicals, Petrochemical Products, High Purity Products, Others
By Companies
Abtrex, Endurance Composites, Plasticon Canada, Selip Spa, Troy Dualam, Forbes Group, KCH Services, Composites USA, Thorpe Plant, GPI Corporation, RL Industries, Polyplast Chemi-plants
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global FRP Dual Laminate Tank Market Report Segments:
The global FRP Dual Laminate Tank market is segmented on the basis of:
Types
Polypropylene & GRP, PVC-U & GRP, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Irritating Chemicals, Petrochemical Products, High Purity Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abtrex
- Endurance Composites
- Plasticon Canada
- Selip Spa
- Troy Dualam
- Forbes Group
- KCH Services
- Composites USA
- Thorpe Plant
- GPI Corporation
- RL Industries
- Polyplast Chemi-plants
Highlights of The FRP Dual Laminate Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polypropylene & GRP
- PVC-U & GRP
- Others
- By Application:
- Irritating Chemicals
- Petrochemical Products
- High Purity Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the FRP Dual Laminate Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FRP Dual Laminate Tank is a type of tank made from two sheets of fiberglass-reinforced plastic (FRP) that are bonded together. The sheets are then laminated to create a strong and durable tank. This type of tank is often used in applications where weight or durability are important factors, such as water tanks or fuel tanks.
Some of the major players in the frp dual laminate tank market are Abtrex, Endurance Composites, Plasticon Canada, Selip Spa, Troy Dualam, Forbes Group, KCH Services, Composites USA, Thorpe Plant, GPI Corporation, RL Industries, Polyplast Chemi-plants.
The frp dual laminate tank market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. FRP Dual Laminate Tank Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. FRP Dual Laminate Tank Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. FRP Dual Laminate Tank Market - Supply Chain
4.5. Global FRP Dual Laminate Tank Market Forecast
4.5.1. FRP Dual Laminate Tank Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. FRP Dual Laminate Tank Market Size (000 Units) and Y-o-Y Growth
4.5.3. FRP Dual Laminate Tank Market Absolute $ Opportunity
5. Global FRP Dual Laminate Tank Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. FRP Dual Laminate Tank Market Size and Volume Forecast by Type
5.3.1. Polypropylene & GRP
5.3.2. PVC-U & GRP
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global FRP Dual Laminate Tank Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. FRP Dual Laminate Tank Market Size and Volume Forecast by Application
6.3.1. Irritating Chemicals
6.3.2. Petrochemical Products
6.3.3. High Purity Products
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global FRP Dual Laminate Tank Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. FRP Dual Laminate Tank Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global FRP Dual Laminate Tank Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. FRP Dual Laminate Tank Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global FRP Dual Laminate Tank Demand Share Forecast, 2019-2026
9. North America FRP Dual Laminate Tank Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America FRP Dual Laminate Tank Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America FRP Dual Laminate Tank Market Size and Volume Forecast by Application
9.4.1. Irritating Chemicals
9.4.2. Petrochemical Products
9.4.3. High Purity Products
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America FRP Dual Laminate Tank Market Size and Volume Forecast by Type
9.7.1. Polypropylene & GRP
9.7.2. PVC-U & GRP
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America FRP Dual Laminate Tank Demand Share Forecast, 2019-2026
10. Latin America FRP Dual Laminate Tank Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America FRP Dual Laminate Tank Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America FRP Dual Laminate Tank Market Size and Volume Forecast by Application
10.4.1. Irritating Chemicals
10.4.2. Petrochemical Products
10.4.3. High Purity Products
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America FRP Dual Laminate Tank Market Size and Volume Forecast by Type
10.7.1. Polypropylene & GRP
10.7.2. PVC-U & GRP
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America FRP Dual Laminate Tank Demand Share Forecast, 2019-2026
11. Europe FRP Dual Laminate Tank Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe FRP Dual Laminate Tank Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe FRP Dual Laminate Tank Market Size and Volume Forecast by Application
11.4.1. Irritating Chemicals
11.4.2. Petrochemical Products
11.4.3. High Purity Products
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe FRP Dual Laminate Tank Market Size and Volume Forecast by Type
11.7.1. Polypropylene & GRP
11.7.2. PVC-U & GRP
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe FRP Dual Laminate Tank Demand Share, 2019-2026
12. Asia Pacific FRP Dual Laminate Tank Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific FRP Dual Laminate Tank Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific FRP Dual Laminate Tank Market Size and Volume Forecast by Application
12.4.1. Irritating Chemicals
12.4.2. Petrochemical Products
12.4.3. High Purity Products
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific FRP Dual Laminate Tank Market Size and Volume Forecast by Type
12.7.1. Polypropylene & GRP
12.7.2. PVC-U & GRP
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific FRP Dual Laminate Tank Demand Share, 2019-2026
13. Middle East & Africa FRP Dual Laminate Tank Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa FRP Dual Laminate Tank Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa FRP Dual Laminate Tank Market Size and Volume Forecast by Application
13.4.1. Irritating Chemicals
13.4.2. Petrochemical Products
13.4.3. High Purity Products
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa FRP Dual Laminate Tank Market Size and Volume Forecast by Type
13.7.1. Polypropylene & GRP
13.7.2. PVC-U & GRP
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa FRP Dual Laminate Tank Demand Share, 2019-2026
14. Competition Landscape
14.1. Global FRP Dual Laminate Tank Market: Market Share Analysis
14.2. FRP Dual Laminate Tank Distributors and Customers
14.3. FRP Dual Laminate Tank Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abtrex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Endurance Composites
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Plasticon Canada
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Selip Spa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Troy Dualam
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Forbes Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KCH Services
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Composites USA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thorpe Plant
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GPI Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RL Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Polyplast Chemi-plants
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
