The report on the Global Frp vessels market initially offers an in-depth overview of the Frp vessels market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
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.
Covid 19 analysis :
The report is updated with the COVID-19 crisis and its subsequent impact on the economic scenario. The crisis has resulted in a drastic change in the economic landscape on a global level. The report also provides a study about COVID-19 impact on the market size and the present and future impact of the COVID-19 pandemic.
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Some Key Highlights from the Report :
- In October 2019, National Oilwell Varco made an announcement about the acquisition of Denali Inc. The largest business unit of Denali, called Containment Solutions, Inc., primarily produces underground FRP tanks deployed for fuel storage at gasoline stations throughout North America.
- CFRP vessels are witnessing significant increase in the demand, due to higher tensile strength of CFRP. Tensile strength of CFRP is about 10 times higher than that of ordinary steel. Also, the elasticity modulus of CFRP is higher than steel, glass fiber, and aramid.
- Polyurethane resin in fiberglass composites has been widely tested in terms of compression, tensile strength, and flexural strength. Polyurethane possesses an exceptional strength-to-weight ratio, improved robustness, and superior UV resistance.
- In the chemical industry, FRP vessels are extensively employed in applications such as fertilizers, food processing, metal extraction, refining, pulp and paper, electroplating, chlor-alkali production, and air pollution control equipment.
The report emphasizes the demands and ongoing trends of the global frp vessels market market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers acquisitions, joint ventures, partnerships collaborations, new product launches, and brand promotions.
Key Reasons To Buy This frp vessels market Report:
- This report provides an investigation of the global Frp vessels market
- This report performs a historical and future assessment of the market dynamics and provides accurate data in a well-organized sequence.
- The report evaluates the most prominent market growth potential, dynamic market trends, drivers, constraints, investment opportunities and threats.
- The report further identifies key regions and segments dominating the Frp vessels market
Get a sample of the frp vessels market report @ https://www.emergenresearch.com/request-sample/430
Emergen Research has segmented the global FRP vessels market in terms of fiber type, resin, distribution channel, industry vertical, and region:
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
Industry Vertical Outlook (Revenue, USD Billion; 2017–2027)
Automotive Transportation
Chemicals
Oil Gas
Water Wastewater
Others
Regional Outlook:
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Frp vessels market . It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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