Global FRP Tank Market 2013-2018: Trend, Forecast, and Opportunity Analysis
M2 - Wed Oct 22, 9:31AM CDT
Research and Markets (http://www.researchandmarkets.com/research/5dqfs2/global_frp_tank) has announced the addition of the "Global FRP Tank Market 2013-2018: Trend, Forecast, and Opportunity Analysis" report to their offering. Global FRP tank market is expected to reach $2,165 million in 2018 promising a huge opportunity for the firms operating across the value chain of global FRP tank market. Growing demand for oil and gas storage systems, and expansion of chemical plants are likely to boost the global FRP tank market. Lucintel expects moderate growth in the market, especially in APAC region which is observing high demand for FRP tanks. The report analyses global FRP tank market for four regions and seven application areas. Global FRP tank market is segmented by region (North America, Europe, APAC, and ROW), and by application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture, aquaculture, and others). This report states that APAC dominates the global FRP tank market. Increasing energy demand, demand from retail fuel stations, increasing number of desalination plants, looming fresh water shortage, conservation of rainwater, and gaining momentum in replacing old existing tanks are the key factors that drive the FRP tank market in APAC. The author highlights the key challenges faced by global FRP tank market. The key challenges in the FRP tank market are the higher prices of FRP tanks as compared to competing material tanks and lack of awareness among user industries. Low replacement rate of existing tanks in petroleum, septic, and chemical application are also proving to be a challenge for global FRP tank market. Despite higher cost, FRP tank has a better service life and performance benefits which makes it economically viable in the long run. This report gives insights of the market trend (2007-2012) and forecast period (2013-2018) which will help the interested companies make key decisions. The report includes the region-wise analysis for seven applications by value and volume. It is important for every player serving an industry to be aware of the growth opportunities, drivers and challenges, and emerging trends. Key Topics Covered: 1. Executive Summary 2. FRP Tank Market Background and Classifications 3. Market Analysis of Global FRP Tank Market 4. Profitability Analysis of Global FRP Tank Market 5. Competitive Landscape and Growth Opportunities Analysis 6. Industry Strategic Assessment 7. Expert Opinions 8. Company Profiles for Leading Players - Containment Solutions - Hengrun Group Co., Ltd - ZCL Composites Inc. For more information visit http://www.researchandmarkets.com/research/5d...l_frp_tank