According to a new market report published by Lucintel, the future of FRP tank in the water and wastewater market looks promising with opportunities in municipal, industrial, residential, and commercial end use industry. FRP tank in the water and wastewater market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
Browse 86 market data tables and 115 figures spread through 189 pages and in-depth TOC on “FRP Tank in the Water and Wastewater Market"
To download report brochure, please go to https://www.lucintel.com/frp-tank-in-water-and-wastewater-market.aspx and click "report brochure" tab from the menu.
In this market, FRP tank is used in various applications, such as wastewater, industrial wastewater, plumbing & engineered solutions, water conservation, and potable water. On the basis of comprehensive research, Lucintel forecasts that the 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.
Within this market, the municipal end use industry will remain the largest end use segment and it 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.
APAC will remain the largest region and it is also expected to 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.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of new dual usage of FRP tank i.e. for fire protection as well as for potable water. Containment Solution, ZCL Composites Inc., Hengrun Group, Zurn Green Turtel, Orenco Systems, Amiantit, Plastilon Oy, Belco Manufacturing, China National Building Material Company Limited, Permian Tank & Manufacturing, and L.F. Manufacturing are among the leading manufacturers of FRP tank in the water and wastewater market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of FRP tank in the water and wastewater market by end use industry, application, installation, capacity, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities of FRP Tank in Water and Wastewater Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes market trends and forecasts for FRP tank in the water and wastewater market segmented by end use industry, application, installation, capacity, and region as follows:
By End Use ($M shipment analysis for 2014 to 2025):
Municipal
Industrial
Residential
Commercial
By Application ($M shipment analysis for 2014 to 2025):
Wastewater
Industrial Wastewater
Plumbing Engineered Solutions
Water Conservation
Potable Water
Fire Protection
By Installation ($M shipment analysis for 2014 to 2025):
By Capacity ($M shipment analysis for 2014 to 2025):
Less Than 5k Liters
5k-50k Liters
50k-25k Liters
By Region ($M shipment analysis for 2014 to 2025):
North America
United States
Canada
Mexico
Europe
Switzerland
Germany
France
Italy
Asia Pacific
China
Japan
Australia
New Zealand
The Rest of the World
This 186-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/frp-tank-in-water-and-wastewater-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.