Market Overview:
The global glass fiber reinforced plastic water tank market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for glass fiber reinforced plastic water tanks from commercial, residential, and industrial applications. In terms of type, the vertical tank segment is expected to lead the global glass fiber reinforced plastic water tank market during the forecast period. This can be attributed to its growing demand from commercial and industrial applications.
Product Definition:
A glass fiber reinforced plastic water tank is a type of storage tank that is made from a combination of plastic and glass fibers. This type of tank is often used for storing potable water or other types of liquids. Glass fiber reinforced plastic tanks are important because they are durable, corrosion-resistant, and lightweight.
Vertical Tank:
Vertical tank, also known as a stackable water tank is made up of various materials including plastic and glass fiber reinforced polyester. It is used for storage of liquids and chemicals in industries, commercial places like shopping malls, hospitals, offices etc.
Horizontal Tank:
Horizontal tank is a large plastic container that is used to store water for industrial and commercial purposes. It has advantages such as it can be filled from any angle, it's height can be adjusted according to the needs, and its width can also be adjusted according to the size of the project. Horizontal tanks are widely used in industries such as construction, food & beverage processing plants, chemical plants among others owing to their benefits like flexibility in usage and storage capacity.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The segment is likely to witness significant growth on account of rising demand for water storage from commercial establishments including hotels, restaurants and shopping malls coupled with growing construction activities for new buildings at a global level.
Glass fiber reinforced plastic (GFRP) is increasingly being utilized in the manufacturing of storage tanks owing to its superior properties such as lightweight, high strength and stiffness, corrosion resistance compared to conventional steel or aluminum alloys, cost-effectiveness and ease of installation as well as maintenance. These aforementioned factors are anticipated to propel product demand over the forecast period.
Regional Analysis:
North America dominated the global glass fiber reinforced plastic water tank market in 2017. The growth can be attributed to increasing demand for energy conservation, rising awareness about hygiene and safety of consumers, and government initiatives favoring the use of environment-friendly products.
The U.S., being a developed nation, has one of the highest penetration rates for GFRP products owing to their enhanced performance characteristics as compared to other conventional materials used in construction industry. Europe is expected to witness significant growth over the forecast period on account of growing product demand from several industries including oil & gas, power generation, petrochemical sector among others which are characterized by high moisture content need for durability and superior strength as compared to other regions.
Asia Pacific is anticipated to register fastest CAGR during the forecast period owing its large population base coupled with rapid industrialization that has resulted into increased requirement for various infrastructure projects such as hospitals/clinics/hospitals; schools; colleges; airports etc.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and aerospace is expected to drive the growth of the glass fiber reinforced plastic water tank market.
- The growing popularity of lightweight and durable tanks is also anticipated to fuel the growth of this market in the near future.
- Rising awareness about the benefits of using glass fiber reinforced plastic water tanks is another key factor that is projected to boost this market in the next few years.
- The increasing demand for customized tanks owing to specific requirements of end-users is also likely to propel the growth of this market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber Reinforced Plastic Water Tank Market Research Report
By Type
Vertical Tank, Horizontal Tank, Other
By Application
Commercial, Residential, Industrial
By Companies
Belco, Design Tanks, Augusta Fiberglass (AFC), Belding Tank, Ventura Fibre, FRP Manufacturing, BSF FRP Industries, Kshama Agro Industries, Balaji Fibre Glass, SSK Fibre, Dakle
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber Reinforced Plastic Water Tank Market Report Segments:
The global Glass Fiber Reinforced Plastic Water Tank market is segmented on the basis of:
Types
Vertical Tank, Horizontal Tank, Other
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
Commercial, Residential, Industrial
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:
- Belco
- Design Tanks
- Augusta Fiberglass (AFC)
- Belding Tank
- Ventura Fibre
- FRP Manufacturing
- BSF FRP Industries
- Kshama Agro Industries
- Balaji Fibre Glass
- SSK Fibre
- Dakle
Highlights of The Glass Fiber Reinforced Plastic Water 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:
- Vertical Tank
- Horizontal Tank
- Other
- By Application:
- Commercial
- Residential
- Industrial
- 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 Glass Fiber Reinforced Plastic Water 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?
Glass fiber reinforced plastic water tanks are made from a combination of glass and plastic fibers. The fibers are bonded together to create a strong, durable tank. This type of tank is ideal for use in areas where water pressure is high or where the tank must be resistant to impact.
Some of the key players operating in the glass fiber reinforced plastic water tank market are Belco, Design Tanks, Augusta Fiberglass (AFC), Belding Tank, Ventura Fibre, FRP Manufacturing, BSF FRP Industries, Kshama Agro Industries, Balaji Fibre Glass, SSK Fibre, Dakle.
The glass fiber reinforced plastic water 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. Glass Fiber Reinforced Plastic Water 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. Glass Fiber Reinforced Plastic Water Tank Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glass Fiber Reinforced Plastic Water Tank Market - Supply Chain
4.5. Global Glass Fiber Reinforced Plastic Water Tank Market Forecast
4.5.1. Glass Fiber Reinforced Plastic Water Tank Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glass Fiber Reinforced Plastic Water Tank Market Size (000 Units) and Y-o-Y Growth
4.5.3. Glass Fiber Reinforced Plastic Water Tank Market Absolute $ Opportunity
5. Global Glass Fiber Reinforced Plastic Water 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. Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
5.3.1. Vertical Tank
5.3.2. Horizontal Tank
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Glass Fiber Reinforced Plastic Water 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. Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Glass Fiber Reinforced Plastic Water 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. Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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. Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Demand Share Forecast, 2019-2026
9. North America Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
9.7.1. Vertical Tank
9.7.2. Horizontal Tank
9.7.3. Other
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 Glass Fiber Reinforced Plastic Water Tank Demand Share Forecast, 2019-2026
10. Latin America Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
10.7.1. Vertical Tank
10.7.2. Horizontal Tank
10.7.3. Other
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 Glass Fiber Reinforced Plastic Water Tank Demand Share Forecast, 2019-2026
11. Europe Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
11.71. Vertical Tank
11.7.2. Horizontal Tank
11.7.3. Other
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 Glass Fiber Reinforced Plastic Water Tank Demand Share, 2019-2026
12. Asia Pacific Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
12.7.1. Vertical Tank
12.7.2. Horizontal Tank
12.7.3. Other
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 Glass Fiber Reinforced Plastic Water Tank Demand Share, 2019-2026
13. Middle East & Africa Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water 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 Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Glass Fiber Reinforced Plastic Water Tank Market Size and Volume Forecast by Type
13.7.1. Vertical Tank
13.7.2. Horizontal Tank
13.7.3. Other
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 Glass Fiber Reinforced Plastic Water Tank Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Glass Fiber Reinforced Plastic Water Tank Market: Market Share Analysis
14.2. Glass Fiber Reinforced Plastic Water Tank Distributors and Customers
14.3. Glass Fiber Reinforced Plastic Water Tank Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Belco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Design Tanks
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Augusta Fiberglass (AFC)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Belding Tank
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ventura Fibre
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FRP Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BSF FRP Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kshama Agro Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Balaji Fibre Glass
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SSK Fibre
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dakle
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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