Opportunities for FRP Tank in North America 2010-2015: Market size, Market Share and Forecast Analysis, 2010
Lucintel, April 2010, Pages: 169
FRP (Fiber Reinforced Plastics) technology came into existence during World War II until then tanks were made of steel and other traditional materials. Later in 1960s more efficient manufacturing processes and advancement in resin technology helped to create rust-proof, strong and durable tanks. FRP tanks grew in acceptance by chemical, petroleum, paper and pulp industries as a viable and economical solution for chemical and fuel storage. This success of FRP tanks opened doors for their use in other industries. North America, the largest industry bases in the world, extensively uses FRP tanks in areas like chemical, oil & gas, water/wastewater treatment plants, pulp/paper, septic etc. FRP have the advantages of corrosion resistance, high strength-to-weight ratio, low maintenance, and a longer life cycle as compared to other traditional materials such as concrete and steel.
According to this report, the total FRP tank consumption in NA is expected to continue a strong growth momentum of 5.4% CAGR from 2010-2015. The FRP tank market in North America is expected to reach $712 M by 2015. In the near future the use of FRP tanks is expected to increase in other application areas with new customized design.
This report also presents the detailed analysis of all the application areas of FRP tanks in 2009 and would be of great use to both materials suppliers as well as tank molders to plan their production and target high growth application areas. It will also provide you with valuable information, insights and tools needed to identify new growth opportunities and operate your business successfully in FRP tank markets. This report will save you hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with the composites market. Some of the features of this market report are:
- FRP tank market size in terms of $ and volume shipments
- FRP tank market breakdown in various applications has been provided in this report
- FRP tank market breakdown in terms of type of tanks, raw materials, market leadership position diameter size, raw materials, market leadership position
- FRP tank market breakdown by Region has been provided
- Major growth drivers and challenges for each of these application areas.
- Trend (2004-2009) and forecast (2010-2015) of FRP tank market in North America.
- Strength and Weakness of FRP tank market in North America.
- FRP tank market by manufacturing process such as filament winding, hand layup etc.
- Growth opportunities in emerging applications of FRP tank
- Description of Molders has been provided in this report.
Benefits of the Report:
The core competency is in market research and management consulting. In last 10 years, Lucintel has worked on hundreds of market research studies.
The market report offers following benefits.
- It saves you money, as compared to doing research in-house. ($80,000+)
- It saves you time. Lucintel delivers the report in hours vs. months of in-house data collection and report writing.
- It is an un-biased source of industry facts, intelligence and insights.
- It helps you make confident business decisions quickly.
Who Can Benefit From This Report?
This study is intended for material suppliers, parts fabricators, OEMs, investors, executives and consultants. This multi-client market study from Lucintel is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.
- Business development
- Strategic planning
- Business presentation
- Determination of market size and trend
- Competitive analysis
- Personnel training
- Budgeting
- Investment Decision
1.Executive Summary
1.1.North America FRP Tank Market Overview
1.2.Porter’s Five Forces Analysis of North America FRP Tank Market
1.3 Important Notes Regarding Data Collection
2.FRP Tank Industry Background and Characteristics
2.1 Industry Overview
2.2 FRP Tank Applications
2.2.1 Underground and Above Ground Storage Tanks
2.2.2 Tank Industry Standards / Requirements
3.FRP Tank Market Analysis
3.1 FRP Tank Market 2009
3.2 Tank Manufacturers Market Shares
3.3 FRP Tank Market Segmentation by Applications
3.3.1 Underground Storage Tank Application
3.3.2 Aboveground Storage Tank Application
3.3.3 Petroleum Tank Market
3.3.4 Chemical Tank Market
3.3.5 Wastewater Tank Market
3.3.6 Septic Tank Market
3.3.7 Pulp and Paper Tank Market
3.3.8 Agriculture & Aquaculture Tank Market
3.4 Regional Analysis
3.5 Composite Materials Consumption in Tanks
4. Trends in North American FRP Tank Market
4.1 FRP Tank Market Trends
4.2 Trends in Petroleum Market (2004-2009)
4.3 Trends in Septic Market (2004-2009)
4.4 Trends in Water/Wastewater Market (2004-2009)
4.6 Trends in Pulp/Paper Market (2004-2009)
4.7 Trends in Chemical Market (2004-2009)
4.9 Trends in Agriculture & Aquaculture Market (2004-2009)
4.10 Raw Material Trend
5. Market Forecasts of North America FRP Tank Market (2010-15)
5.1 Growth Drivers for North America FRP Tank Market
5.2 North American FRP Tank Market Forecast by Applications
5.4 North America FRP Tank Market Forecast by Raw Material
5.5 Forecasts from the Material Suppliers Perspective
6 Tank Manufacturing Processes
6.1 Overview of Tank Manufacturing Processes
6.1.1 Process 1
6.1.2 Process 2
6.1.3 Process 3
6.2 Tank Manufacturers by Manufacturing Process
7. Growth Opportunities and Emerging Composite Applications
7.1 Growth Matrix
7.2 Emerging Applications:
(A total of 136 figures/charts are presented in this report as shown below)
List of Figures
Chapter 1 Executive Summary
Fig. 1.1: Porter’s Five Forces model for the North American FRP tank market
Chapter 2 FRP Tank Industry Background and Characteristics
Fig. 2.1: Evolution in corrosion applications for composite products from 1950’s onwards
Fig 2.2: Opportunities in tank market
Fig 2.3: Fiberglass underground tank
Fig 2.4: Fiberglass tank for drinking water storage
Fig 2.5: 65,000 gallon water storage FRP tank
Fig 2.6: Image of horizontal fiberglass septic tank
Fig 2.7: Image of fiberglass oil field tank
Fig 2.8: FGD system bleed tank
Fig 2.9: Image of underground fiberglass tank
Fig 2.10: Image of aboveground storage fiberglass tank
Chapter 3 FRP Tank Market Analysis
Fig. 3.1 Image of above ground fiberglass tank
Fig. 3.2 Image of fiberglass oil field tank
Fig. 3.3 Image of fiberglass septic tank
Fig. 3.4 Image of underground fiberglass tank
Fig. 3.5: Percent comparison of retail petroleum tank shipments by construction material in 2009
Fig. 3.6: Comparison of retail petroleum tank shipments by construction material in 2009
Fig. 3.7: Percent comparison of septic tank shipments (in terms of number) by construction material in 2009
Fig. 3.8: Number of septic tank shipments by construction material in 2009
Fig. 3.9: Comparison of tank capacity and weight for 4& 6 foot diameter tanks
Fig. 3.10: Supply chain analysis for FRP tank industry
Fig. 3.11: North American FRP tank market share analysis for 2009
Fig.3.12: North American FRP tank market consolidation analysis
Fig. 3.13: Percent comparison between $ shipments of AST and UST
Fig. 3.14: Comparison between $ shipments of AST and UST
Fig. 3.15: Percent comparison by annual number of fiberglass tanks shipped for use in corrosion applications in the NA market segments
Fig. 3.16: Comparison by annual number of fiberglass tanks shipped for use in corrosion applications in the NA market segments
Fig. 3.17: Percentage comparison by sales of fiberglass tanks used in corrosion applications in the NA market segments
Fig. 3.18: Comparison by sales of fiberglass tanks used in corrosion applications in NA by the industries served
Fig. 3.19: North American FRP tank market (M lbs) by applications in 2009
Fig. 3.20: North American FRP tanks shipment (M lbs) by application in 2009
Fig. 3.21: Percentage comparison of fiberglass tanks by type of tank in North America for year 2009
Fig 3.22: Distribution of underground storage FRP tanks in different application by $M
Fig 3.23: Distribution of aboveground storage FRP tanks in different application by $M
Fig. 3.24: Percent comparison of fiberglass tank sales in chemical applications and other applications
Fig. 3.25: Dollar shipment in chemical market in 2009
Fig. 3.26: Percent comparison of retail petroleum tank shipments by construction material
Fig. 3.27: Comparison of retail petroleum tank shipments by construction material in North America
Fig. 3.28: Confirmed leakages of underground tanks in the US. (Sources: U.S. Environmental Protection Agency).
Fig. 3.29: UST cleanup activities in EPA region from 2003 through 2009
Fig. 3.30: The annual number of UST leakage cleanups completed in the US from 2003 through 2009
Fig. 3.31: Number of active underground storage tanks by the top 18 states
Fig. 3.32: Breakdown of underground tanks by states in the US
Fig. 3.33: Percent comparison of market leaders in the production of fiberglass tanks used in petroleum applications in NA
Fig. 3.34: Percent comparison of fiberglass tank sales in chemical applications and other applications
Fig. 3.35: Dollar shipment in chemical market in 2009
Fig. 3.36: Percent comparison of the number of fiberglass tank shipments in chemical and other applications
Fig. 3.37: Comparison of the number of fiberglass tank shipments in chemical and other applications
Fig. 3.38: Shipment trends in Canada for Alkali and chlorine in terms of current dollar
Fig. 3.39: Shipment trends in Canada for other inorganic chemicals
Fig. 3.40: Percent comparison of market leaders in the production of fiberglass tanks used in chemical applications in NA
Fig. 3.41: Percent comparison of fiberglass tank sales in wastewater applications and other applications
Fig. 3.42: Dollar shipment in wastewater market in 2009
Fig.3.43: Percentage comparison of fiberglass waste water tank shipments with other applications
Fig. 3.44: Comparison of the number of fiberglass tank shipments in wastewater and other applications
Fig. 3.45: Percent comparison of market leaders in the production of fiberglass tanks used in WWTP applications in NA
Fig.3.46: The U.S. housing starts (1975-2009)
Fig. 3.47: Percentage comparison of fiberglass tank shipments by numbers with other applications
Fig. 3.48: Dollar shipment in septic market in 2009
Fig. 3.49: Percent comparison of fiberglass tank sales in septic applications and other applications
Fig. 3.50: Comparison of fiberglass tank sales in septic applications and the remainder of the corrosion market
Fig. 3.51: Number of septic tank shipments by material type in 2009 in North America
Fig.3.52: Percentage distribution of septic tank market by material type in 2009 in North America
Fig. 3.53: Percent comparison of fiberglass tank sales in pulp & paper applications and other applications
Fig. 3.54: Dollar shipment in pulp & paper market in 2009
Fig. 3.55: Percent comparison of the number of fiberglass pulp & paper tank shipments with other applications
Fig. 3.56: Comparison of the number of fiberglass tank shipments in pulp & paper applications with other applications
Fig. 3.57: Trends in paper and paperboard production in the US
Fig. 3.58: Annual percentage change in paper and paperboard production in the US
Fig. 3.59: Percent comparison of market leaders in pulp and paper segments of FRP tank
Fig. 4.14: Annual percent change trends of last five years for fiberglass tanks used in wastewater applications in North America
Fig. 4.15: Trend in the market for fiberglass tanks used in pulp & paper applications in North America
Fig. 4.16: Annual percent change trends of last five years for fiberglass tanks used in pulp & paper applications in North America
Fig. 4.17: Trend in the market for fiberglass tanks used in chemical applications in North America
Fig. 4.18: Annual percent change trends of last five years for fiberglass tanks used in chemical applications in North America
Fig. 4.19: Trend in the market for fiberglass tanks used in agriculture and aquaculture applications in North America
Fig. 4.20: Annual percent change trend of last five years for fiberglass tanks used in agriculture and aquaculture applications in North America
Fig. 4.21: Trend in the market for fiberglass tanks used in other applications in North America
Fig 4.22: Resin materials consumption in 2004
Fig 4.23: Raw materials consumption in 2004
Fig 4.24: Composite materials consumptions (M lbs) for the production of FRP tank by applications in 2004
Chapter 5 Market Forecasts of North America FRP Tank Market (2010-15)
Fig 5.1: Drivers and challenges for North America FRP tank
Fig. 5.2: Overall forecast for the market of fiberglass tanks used in corrosion applications in North America.
Fig. 5.3: Overall forecast for the market (M lbs) of fiberglass tanks used in corrosion applications in North America.
Fig 5.4: Annual percent change in the overall forecast for the market of fiberglass tanks used in corrosion applications in North America.
Fig 5.5: Annual percent change in the overall forecast for the market (M lbs) of fiberglass tanks used in corrosion applications in North America.
Fig. 5.6: North America Tank Market forecast 2010-15 by applications in $ M.
Fig. 5.7: North America Tank Market forecast 2010-15 by applications in M lbs.
Fig. 5.8: Compound average annual growth forecast in next 5 years (2010-2015) in NA FRP Tank market by application
Fig. 5.9: Distribution of industry segmentation ($ M) for fiberglass tank used in corrosion application in 2010.
Fig. 5.10: Distribution of industry segmentation ($ M) for fiberglass tank used in corrosion application in 2015.
Fig. 5.11: Dollar shipments in various categories of fiberglass tanks used in corrosion applications in 2015.
Fig. 5.12: Distribution of industry segmentation (M lbs) for fiberglass tank used in corrosion application in 2010.
Fig. 5.13: Distribution of industry segmentation (M lbs) for fiberglass tank used in corrosion application in 2015.
Fig. 5.14: Resin consumption in composites tank market in 2015.
Fig. 5.15: Raw material consumption in composites tank market in 2015.
Chapter 6 Tank Manufacturing Processes
Fig. 6.1: Raw material flow chart in tank manufacturing.
Fig 6.2: A filament winding machine
Fig 6.3: Chopper Gun used for the spray up process
Fig.6.4: Percent comparison of manufacturing processes utilized for producing fiberglass tanks used in North America by market segment.
(A total of 25 tables are presented in this report as shown below)
List of Tables
Chapter 1 Executive Summary
Table 1.1 Market parameters for raw materials of composites in North America FRP Tank market and attributes of usage
Table 1.2 Market parameters for end product usage of composites in North America FRP Tank market.
Chapter 2 FRP Tank Industry Background and Characteristics
Table 2.1: Tank usage in different applications
Table 2.2: Comparison between Aboveground Storage & Underground Storage Tanks
Chapter 3 FRP Tank Market Analysis
Table 3.1: Typical weights and costs of tanks used in various corrosion applications.
Table 3.2: Comparison between steel and FRP tanks
Table 3.3: Size and Weight of Single Wall Chemical Tanks.
Table 3.4: Price / gallon for various size and materials of septic tanks
Table 3.5: Weight of fiberglass septic tanks for various capacities
Chapter 4 Trends in North American FRP Tank Market
Table 4.1 Market size and compound annual growth rates during last 5 years (2004-2009) in various application segments of North America FRP tank market by $ M.
Table 4.2 Market size and compound annual growth rates during last 5 years (2004-2009) in various application segments of North America FRP tank market by million pound.
Table 4.3 Market size and annual growth rates for year 2008-09 in various application segments of North America FRP tank market by $ million.
Table 4.4 Market size and annual growth rates for year 2008-09 in various application segments of North America FRP tank market by million pounds.
Table 4.5: Average growth rates for 1 and 5 years in the NA FRP Tank market for petroleum applications.
Table 4.6: Average growth rates for 1 and 5 years in the NA FRP Tank market for septic applications.
Table 4.7: Average growth rates for 1 and 5 years in the NA FRP Tank market for water/wastewater applications.
Table 4.8: Average growth rates for 1 and 5 years in the NA FRP Tank market for pulp & paper applications.
Table 4.9: Average growth rates for 1 and 5 years in the NA FRP Tank market for chemical applications.
Table 4.10: Average growth rates for 1 and 5 years in the NA FRP Tank market for agriculture and aquaculture applications.
Table 4.11: Average growth rates for 1 and 5 years in the NA FRP Tank market for other applications.
Table 4.12 Composites Material consumption trend for the last 5 years (2004-2009) of North America FRP tank market in M lbs
Chapter 5 Market Forecasts of North America FRP Tank Market (2010-15)
Table 5.1 Market size and annual growth forecasts for the next 5 years (2010-2015) in various applications of North America FRP tank market in $ M
Table 5.2 Market size and annual growth forecasts for the next 5 years (2010-2015) in various applications of North America FRP tank market in M lbs
Table 5.3 Composites Material consumption forecasts for the next 5 years (2010-2015) of North America FRP tank market in M lbs
Chapter 6 Tank Manufacturing Processes
Table 6.1: Manufacturing processes used by select fiberglass tank manufacturers
The author has been tracking the worldwide composites market for the last 10 years and has used the following sources for the completion of this valuable report.
- Lucintel conducted interviews of major material and end users.
- In-depth research on more than 40 companies involved in the FRP tank market.
- Extensive search of current published literature, market and database information including news, articles published in Composites Week newsletter.
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Lucintel collects a lot of unintelligent data from a variety of sources and converts into intelligent data as follows. The intelligent data is used by our clients for making confident business decisions.
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