The future of the FRP tank in the global water and wastewater market looks promising with opportunities in the municipal, industrial, residential, and commercial industry. The global FRP tank in the global water and wastewater market is expected to reach an estimated $1.1 billion by 2027 with a CAGR of 4.2% from 2021 to 2027. The major drivers for this market are the growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
Emerging Trends in the FRP Tank in the Global Water and Wastewater Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new dual usage of FRP tank i.e. for fire protection as well as for potable water.
FRP Tank in the Global Water and Wastewater Market by Segment
The study includes a forecast for the global FRP tank in the global water and wastewater market by end use, application, installation, capacity, and region as follows:
By End Use [Value ($B) shipment analysis for 2016-2027]:
- Municipal
- Industrial
- Residential
- Commercial
By Application [Value ($B) shipment analysis for 2016-2027]:
- Wastewater
- Industrial Wastewater
- Plumbing Engineered Solutions
- Water Conservation
- Potable Water
- Fire Protection
By Installation [Value ($B) shipment analysis for 2016-2027]:
- Underground
- Aboveground
By Capacity [Value ($B) shipment analysis for 2016-2027]:
- Less Than 5k Liters
- 5k-50k Liters
- 50k-25k Liters
By Region [Value ($B) shipment analysis for 2016-2027]:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (ROW)
List of FRP Tank in the Global Water and Wastewater Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies FRP tank in the global water and wastewater companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the FRP tank in the global water and wastewater companies profiled in this report includes.
- Containment Solutions
- ZCL Composites Inc.
- Orenco Systems Inc.
- Hengrun Group Co. Ltd
- Belco Manufacturing Co. Inc.
- L.F. Manufacturing, Inc.
- Zurn Green Turtle
FRP Tank in the Global Water and Wastewater Market Insight
- The analyst forecasts that municipal use will remain the largest end use segment and 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.
- 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.
- Asia Pacific is expected to remain the largest region and 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.
Features of FRP Tank in the Global Water and Wastewater Market
- Market Size Estimates: FRP tank in the global water and wastewater market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by end use, application, installation, capacity and region
- Regional Analysis: FRP tank in the global water and wastewater market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different end use, application, installation, capacity and regions for the FRP tank in the global water and wastewater market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the recycled carbon fiber market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the FRP tank in the global water and wastewater market size?
Answer: The global FRP tank in the global water and wastewater market is expected to reach an estimated $1.1 billion by 2027
Q2. What is the growth forecast for FRP tank in the global water and wastewater market?
Answer: The FRP tank in the global water and wastewater market is expected to grow at a CAGR of 4.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the FRP tank in the global water and wastewater market?
Answer: The major drivers for this market are the growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
Q4. What are the major applications or end use industries for FRP tank in the global water and wastewater?
Answer: Municipal, industrial, residential, and commercial use are the major end use industries for FRP tank in the global water and wastewater.
Q5. What are the emerging trends in FRP tank in the global water and wastewater market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of new dual usage of FRP tank i.e. for fire protection as well as for potable water.
Q6. Who are the key FRP tank in the global water and wastewater companies?
Answer: Some of the key FRP tank in the global water and wastewater companies are as follows:
- Containment Solutions
- ZCL Composites Inc.
- Orenco Systems Inc.
- Hengrun Group Co. Ltd
- Belco Manufacturing Co. Inc.
- L.F. Manufacturing, Inc.
- Zurn Green Turtle
Q7. Which FRP tank in the global water and wastewater application segment will be the largest in future?
Answer: The analyst forecasts that 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.
Q8. In FRP tank in the global water and wastewater market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global 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) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? 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 and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Containment Solutions
- ZCL Composites Inc.
- Orenco Systems Inc.
- Hengrun Group Co. Ltd
- Belco Manufacturing Co. Inc.
- L.F. Manufacturing, Inc.
- Zurn Green Turtle
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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