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FRP Vessels Market Overview, Merger and Acquisitions, Drivers, Restraints and Industry Forecast By 2027

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tina parks
FRP Vessels Market Overview, Merger and Acquisitions, Drivers, Restraints and Industry Forecast By 2027

The Global FRP Vessels Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the FRP Vessels Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.The global FRP vessels market size was USD 3,140.5 Million in 2019 and is projected to reach USD 5,538.8 Million by 2027, at a CAGR of 7.3% during the forecast period. FRP (fiber-reinforced plastic) vessels are witnessing high demand in industries such as automotive, oil & gas, water & wastewater treatment, and chemicals. Factors such as increasing demand for FRP vessels in the automotive industry, growth of the oil & gas industry, surging preference for FRP vessels over steel vessels, and increasing demand in the APAC region drive the market.

One of the report’s central components is the broad FRP Vessels Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the FRP Vessels Market players.

The latest market study, FRP Vessels Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2020 - 2027.This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report, for the forecast period of 2020 - 2027.Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.

This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. Besides this, researchers behind this study put in vigilant and persistent effort to keep a proximate attention on top performers of FRP Vessels Market industry. Import and export, demand and supply, gross margin, supply chain management and distribution channel are the other aspects examined during the research. The study audits various winning strategies adopted by the market leaders to maintain the competitive edge worldwide. This adds more clarity to the research. Resource charts, tables and graphical images are included to make decisive statistics self-explanatory.

Read more@ https://www.emergenresearch.com/industry-report/frp-vessels-market

Regional Landscape

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)

You Can Download Free Sample PDF Copy of FRP Vessels Market at https://www.emergenresearch.com/request-sample/430              

Key Highlights of 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.

High demand for FRP vessels in North America is attributable to surging installation of these vessels in industries such as chemical & petrochemical, power generation, and oil & gas. Rising deployment of nuclear reactors in the energy sector is projected to drive the market in the region from 2020 to 2027.

Key market participants include 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, and Worthington Industries Inc.

Market Taxonomy:

Chapter 1: Methodology & Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2: Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3: Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4: Regional Landscape

Chapter 5:  Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

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