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.
It features insightful qualitative and quantitative assessments of the FRP Vessels industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the FRP Vessels market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions.
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Key Players operating in the industry 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, Worthington Industries Inc.
Radical Features of the FRP Vessels Market Report:
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- The report encompasses FRP Vessels market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the FRP Vessels industry
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Segmentation:
-
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
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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