FRP Tank Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2024 January 29
SKU : AUTR3240
180 pages
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What is the expected CAGR of the FRP tank market from 2023 to 2030?
The global FRP tank market is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% during the forecast period (2023-2030).
Which application type is driving the FRP tank market growth?
The water/wastewater application segment dominates the market and is expected to remain the leader due to rising freshwater demand and wastewater treatment plant development.
Which region is projected to lead the FRP tank market?
The Asia Pacific region, led by China and India, is expected to remain the largest market throughout the forecast period due to a large player base and increasing foreign investment.
What are some of the key challenges facing the FRP tank market?
Lack of product awareness and the relatively high cost of composites compared to traditional materials are potential challenges hindering market growth.