Report Feature
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
List of Figures
Methodology
- In-depth interviews of the major players in this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
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