The report published on global Glass Fiber Reinforced Plastic Water Tank market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Glass Fiber Reinforced Plastic Water Tank offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
Demand for glass fiber reinforced plastic water tanks due to favorable features such as easy assembly, low maintenance, high durability and reliability, and minimum heat transfer to water. These tanks exhibit high corrosion resistance, anti-rust properties, and have a long life. These tanks are preferred over steel tanks due to low weight which aids in easy transportation. In addition, increasing adoption of glass fiber reinforced plastic water tanks for process and water storage in industries such as water and wastewater treatment plants, as well as electroplating industries is fueling market growth.
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Competitive Landscape: Belco, Ventura Fiber, Kshama Agro Industries, BSF FRP Industries, FRP Manufacturing, Dakle, Balaji Fibre Glass, Augusta Fiberglass (AFC), Blending Tank, and SSK Fibre are some key players operating in the global glass fiber reinforced plastic water tank market.
The COVID-19 impact: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Glass Fiber Reinforced Plastic Water Tank Market is expected to rise in the coming years.
The market in Asia Pacific is projected to register rapid revenue growth throughout the forecast period. High demand for glass fiber reinforced plastic water tanks is attributed to rapid developments in industrial and infrastructural sectors and urbanization in countries such as China, India, and Japan. In addition, presence of key players and high demand for glass fiber reinforced plastic water tanks for aquaculture and agricultural purposes is further fueling market growth.
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Product Outlook (Revenue, USD Billion; 2018 – 2028)
- Vertical Tank
- Composite Tank
- FRP Transportation Tank
- Horizontal Tank
Application Outlook (Revenue, USD Billion; 2018 – 2028)
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Glass Fiber Reinforced Plastic Water Tank Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Glass Fiber Reinforced Plastic Water Tank Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Glass Fiber Reinforced Plastic Water Tank Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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