FRP Vessels Market Share, Forecast, Overview and Key Companies Analysis by 2028
FRP vessels, unlike steel vessels, do not rust on exposure to harsh chemicals and weather. Also, they are impact resistant and non-conductive. FRP vessels are extremely lighter in weight compared to steel, which allows for their easy installation. It also results in reduced cost and time. Also, FRP vessels possess higher compression, shear, and tensile strength.
The global FRP vessels market is projected to be valued at USD 5,538.8 Million by 2027, according to a current analysis by Emergen Research. FRP (fiber-reinforced plastic) vessels are witnessing increasing demand from the automotive industry. FRP vessels are used for fuel storage in passenger cars and commercial vehicles. These vessels are constructed in one piece, without any welded seams, which helps in decreasing splitting in the event of a crash. Besides, FRP composites do not corrode, which increases durability of FRP vessels. Furthermore, increasing demand for natural gas vehicles (NGVs) worldwide is significantly driving the demand for FRP vessels in the automotive sector.
The report provides detailed insights into FRP Vessels market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the FRP Vessels market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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The steady FRP Vessels market share growth can be attributed to a variety of factors and trends in the global FRP Vessels market currently. Global FRP Vessels market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional FRP Vessels market share growth over the forecast period.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of FRP Vessels market share contribution of these countries. In addition, FRP Vessels market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in FRP Vessels Market include are:
Faber Industries SPA,
National Oilwell Varco,
Luxfer Holdings PLC,
Shawcor,
Everest Canto Cylinder Ltd.,
Agility Fuel Solutions LLC,
JRMS Engineering Works,
ULLIT SA,
Hexagon Composites ASA, and
Worthington Industries Inc.
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
- Fiber Type Outlook (Revenue, USD Billion; 2017–2027)
- Carbon
- Glass
- Aramid
- Others
- Resin Outlook (Revenue, USD Billion; 2017–2027)
- Polyester
- Epoxy
- Polyurethane
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2017–2027)
- Online
- Offline
- Industry Vertical Outlook (Revenue, USD Billion; 2017–2027)
- Automotive & Transportation
- Chemicals
- Oil & Gas
- Water & Wastewater
- Others
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In terms of FRP Vessels market share and revenue contribution to the global FRP Vessels market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in FRP Vessels market share.
Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “FRP Vessels Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the FRP Vessels industry
Asia Pacific market share contribution to the global FRP Vessels market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India FRP Vessels market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe FRP Vessels market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe FRP Vessels market going ahead.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/430
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the FRP Vessels industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the FRP Vessels market across different regions?
- Who are the major driving forces expected to decide the fate of the FRP Vessels industry worldwide?
- Who are the prominent market players making a mark in the FRP Vessels market with their winning strategies?
- Which FRP Vessels industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the FRP Vessels market?
Table of Content
Chapter 1. Methodology & Sources
1.1. FRP Vessels Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. FRP Vessels Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. FRP Vessels Market Segmentation & Impact Analysis
4.1. FRP Vessels Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. FRP Vessels Market indicators analysis
4.2.2. FRP Vessels Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. FRP Vessels Market restraints analysis
4.2.3.1. High cost associated with the maintenance of FRP Vessels products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. FRP Vessels Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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