出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2022年11月
繊維強化プラスチック製（FRP）容器市場 : 繊維の種類 (ガラス、カーボン)、樹脂の種類 (ポリエステル、エポキシ、その他)、用途 (自動車と輸送、上下水道、化学、工業、石油とガス)、地域別 – 2027 年までの世界予測
FRP Vessels Market by Fiber Type (Glass, Carbon), Resin Type (Polyester, Epoxy, Others), Application (Automotive & Transportation, Water and Wastewater, Chemical, Industrial, Oil & Gas), and Region – Global Forecast to 2027
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The global FRP vessels market size is projected to grow from USD 3.9 Billion in 2022 to USD 5.7 Billion by 2027, at a CAGR of 8.0%. The increasing demand for FRP vessels in water & wastewater treatment and chemical industries is one of the most significant factors projected to drive the growth of the FRP vessels market.
“Greater tax incentives for CNG vehicles and infrastructure to boost the market growth.”
Tax incentives for CNG vehicles have been increased or extended in various regions, including Asia Pacific, Europe, and North America, in a bid to reduce CO2 emissions. In May 2019, the government of the US state of Oklahoma revised and approved its legislation concerning tax credits as they apply to compressed natural gas (CNG) vehicles and their refueling. The legislation was extended from January 1, 2020, to December 31, 2027. This will ensure that Oklahoma consistently leads the country in supporting natural gas for vehicles as the best fuel option. In turn, this will generate demand for FRP vessels.
In December 2019, the Ministry of Petroleum and Natural Gas in India cut GST on CNG vehicles to 5% from the current 28%, which indirectly helped the government to drive the popularity of gas vehicles. This has resulted in the increasing demand for FRP vessels.
“development of low-weight FRP vessels for hydrogen-powered cars to create opportunities for FRP vessels market.”
Hydrogen-powered cars have electric motors that drive the wheels, like in an electric car. However, while electrical power is stored in a conventional battery in an electric car, in a hydrogen car, the electricity is stored in the form of hydrogen and converted into electricity in a device known as a fuel cell. Currently, the cost of storage tanks for such cars is very high, thus limiting their use. A 5-kg storage tank for a car costs around USD 4,000-4,500, which i is a huge price addition to the total cost of the car. Research is underway to develop Class 4-cylinder tanks made from lightweight carbon fiber. The top manufacturers of hydrogen storage FRP tanks for cars are Luxfer Group (UK), Worthington Industries, Inc. (US), Quantum Fuel System LLC (US), Ullit SA (France), and Agility Fuel Systems (US).
“Well established infrastructure for electric cars to be a major challenge for FRP vessels market.”
Hydrogen-powered cars are popular in countries such as South Korea and Japan, where the respective governments have offered subsidies for these vehicles and also provided finance to build the necessary infrastructure. In the US, the state of California offers incentives for the use of fuel cell-powered vehicles. Although hydrogen-powered cars may be a sustainable technology in the modern world, experts believe hydrogen needs to be developed from a natural gas source, which results in the use of fossil fuels. Electric cars rely on battery power and hence are greener than hydrogen-powered cars. However, efforts are being made to use hydrogen produced from renewable sources. Hydrogen-powered cars are three times less energy efficient, have less volumetric efficiency, and have higher weight as compared to electric cars. The necessary infrastructure for refueling the tanks is inadequate, which restrains the growth of the FRP vessels market. Industry experts believe that if hydrogen technology does not become more refined during the forecast period, electric cars will take precedence. Companies in the fuel cell car market, such as Toyota, Hyundai, and Honda, are already planning to develop electric vehicles in addition to hydrogen-powered vehicles in case the latter technology gets phased out.
“Asia Pacific to be the dominating region in FRP vessels market in terms of both value and volume.”
Asia Pacific is the fastest-growing FRP vessels market due to the rising demand for corrosion-resistant and lightweight tanks from the chemical, water & wastewater, and transportation industries in the region. The presence of emerging economies, such as China and India, makes the region the most promising market for FRP tanks. An increase in the demand for FRP tanks from the water & wastewater and oil & gas industries in Saudi Arabia and the UAE is expected to drive the market in the Middle East region during the forecast period.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 37%, Tier 2- 33%, and Tier 3- 30%
• By Designation- C Level- 50%, Director Level- 20%, and Executives- 30%
• By Region- Europe- 50%, Asia Pacific (APAC) – 20%, North America- 15%, Middle East & Africa (MEA)-10%, Latin America-5%,
The report provides a comprehensive analysis of company profiles :
Hexagon Composites ASA (Norway), Luxfer Group (England), Worthington Industries, Inc. (US), Everest Kanto Cylinders Ltd. (India), Quantum Fuel Systems LLC. (US), Faber Industrie SpA (Italy), Avanco Group (Germany), Shawcor Ltd (US), NOV Inc. (US), and Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd. (China).
Research Coverage
This report covers the global FRP vessels market and forecasts the market size until 2027. It includes the following market segmentation – by fiber type (Glass fiber, Carbon fiber, and Others)), by Resin type (Polyester, Epoxy, and Others), by Application (Water &Wastewater, Chemical, Automotive & Transportation, Oil & Gas Industrial, and Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America). Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global FRP vessels market.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the global FRP vessels market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the FRP vessels market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall FRP vessels market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
目次
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 37
1.2.1 INCLUSIONS & EXCLUSIONS 37
1.3 MARKET SCOPE 38
FIGURE 1 FRP VESSELS MARKET SEGMENTATION 38
1.3.1 REGIONS COVERED 38
1.3.2 YEARS CONSIDERED 39
1.4 CURRENCY CONSIDERED 39
1.5 UNIT CONSIDERED 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 FRP VESSELS MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.2 PRIMARY DATA 42
2.1.2.1 Primary interviews – top FRP vessel manufacturers 42
2.1.2.2 Breakdown of primary interviews 42
2.1.2.3 Key industry insights 43
2.2 BASE NUMBER CALCULATION 43
2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 43
2.2.2 APPROACH 2: DEMAND-SIDE APPROACH 44
2.3 FORECAST NUMBER CALCULATION 44
2.3.1 SUPPLY SIDE 44
2.3.2 DEMAND SIDE 44
2.4 MARKET SIZE ESTIMATION 45
2.4.1 BOTTOM-UP APPROACH 45
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
2.4.2 TOP-DOWN APPROACH 45
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 45
2.5 DATA TRIANGULATION 46
FIGURE 5 FRP VESSELS MARKET: DATA TRIANGULATION 46
2.6 FACTOR ANALYSIS 47
2.7 ASSUMPTIONS 48
2.8 LIMITATIONS & RISKS 48
3 EXECUTIVE SUMMARY 49
FIGURE 6 POLYESTER RESIN SEGMENT DOMINATED OVERALL FRP VESSELS MARKET IN 2021 50
FIGURE 7 GLASS FIBER SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2021 50
FIGURE 8 WATER & WASTEWATER APPLICATION ACCOUNTED FOR LARGEST SHARE OF FRP VESSELS MARKET IN 2021 51
FIGURE 9 ASIA PACIFIC HELD LARGEST SHARE OF FRP VESSELS MARKET IN 2021 52
4 PREMIUM INSIGHTS 53
4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN FRP VESSELS MARKET 53
FIGURE 10 FRP VESSELS MARKET TO WITNESS HIGH GROWTH IN ASIA PACIFIC BETWEEN 2022 AND 2027 53
4.2 FRP VESSELS MARKET, BY FIBER TYPE AND REGION, 2021 53
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 53
4.3 FRP VESSELS MARKET, BY RESIN TYPE, 2021 54
FIGURE 12 POLYESTER RESIN SEGMENT DOMINATED MARKET IN 2021 54
4.4 FRP VESSELS MARKET, BY APPLICATION, 2021 54
FIGURE 13 WATER & WASTEWATER APPLICATION ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 54
4.5 FRP VESSELS MARKET GROWTH, BY KEY COUNTRIES 55
FIGURE 14 CHINA TO BE FASTEST-GROWING FRP VESSELS MARKET (2022–2027) 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN FRP VESSELS MARKET 56
5.2.1 DRIVERS 57
5.2.1.1 Increasing demand for FRP vessels in automotive industry 57
TABLE 1 COMPOSITES VS. STEEL 57
5.2.1.2 Growing use of FRP vessels in downstream oil & gas industry in US and Canada 58
5.2.1.3 Greater tax incentives for CNG vehicles and infrastructure 58
TABLE 2 INCREASE IN CNG/LNG VEHICLES AND INFRASTRUCTURE IN EUROPE 58
5.2.1.4 Rising demand for natural gas vehicles in Asia Pacific 58
5.2.2 RESTRAINTS 59
5.2.2.1 High manufacturing cost and need for regulatory approvals 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Growth of end-use industries in emerging economies 59
5.2.3.2 Development of low-weight FRP vessels for hydrogen-powered cars 59
5.2.4 CHALLENGES 60
5.2.4.1 Lack of standardization in manufacturing process for FRP vessels 60
5.2.4.2 Well-established infrastructure for electric cars 60
5.3 PORTER’S FIVE FORCES ANALYSIS 60
FIGURE 16 FRP VESSELS MARKET: PORTER’S FIVE FORCES ANALYSIS 61
5.3.1 BARGAINING POWER OF BUYERS 61
5.3.2 BARGAINING POWER OF SUPPLIERS 62
5.3.3 THREAT OF NEW ENTRANTS 62
5.3.4 THREAT OF SUBSTITUTES 62
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 62
TABLE 3 FRP VESSELS MARKET: PORTER’S FIVE FORCES ANALYSIS 63
5.4 SUPPLY CHAIN ANALYSIS 63
TABLE 4 FRP VESSELS MARKET: SUPPLY CHAIN 63
5.5 KEY STAKEHOLDERS & BUYING CRITERIA 64
5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS 64
FIGURE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 64
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 64
5.5.2 BUYING CRITERIA 65
FIGURE 18 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 65
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 65
5.6 TECHNOLOGY ANALYSIS 65
TABLE 7 FRP VESSEL MANUFACTURING PROCESS 66
5.7 ECOSYSTEM: FRP VESSELS MARKET 66
5.8 VALUE CHAIN ANALYSIS 67
FIGURE 19 VALUE CHAIN ANALYSIS 67
5.9 KEY MARKETS FOR IMPORT/EXPORT 67
5.9.1 US 67
5.9.2 CHINA 67
5.9.3 GERMANY 68
5.9.4 INDIA 68
5.10 PRICING ANALYSIS 68
5.11 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION 69
FIGURE 20 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE APPLICATIONS (USD/KG) 69
TABLE 8 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP THREE APPLICATIONS (USD/TON) 69
5.12 AVERAGE SELLING PRICE 70
TABLE 9 FRP VESSELS AVERAGE SELLING PRICE, BY REGION 70
TABLE 10 FRP VESSELS AVERAGE SELLING PRICE, BY RESIN TYPE 70
TABLE 11 FRP VESSELS AVERAGE SELLING PRICE, BY FIBER TYPE 70
TABLE 12 FRP VESSELS AVERAGE SELLING PRICE, BY APPLICATION 71
5.13 FRP VESSELS MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 71
TABLE 13 FRP VESSELS MARKET: CAGR (BY VALUE) IN OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 71
5.13.1 OPTIMISTIC SCENARIO 71
5.13.2 PESSIMISTIC SCENARIO 71
5.13.3 REALISTIC SCENARIO 72
5.14 TARIFF AND REGULATIONS 72
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 17 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
5.15 KEY CONFERENCES 74
5.15.1 FRP VESSELS MARKET: CONFERENCES & EVENTS, 2022–2023 74
5.16 PATENT ANALYSIS 76
5.16.1 INTRODUCTION 76
5.16.2 METHODOLOGY 76
5.16.3 DOCUMENT TYPE 76
TABLE 18 FRP VESSELS MARKET: GLOBAL PATENTS 77
FIGURE 21 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 77
FIGURE 22 GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST 10 YEARS 77
5.16.4 INSIGHTS 78
5.16.5 LEGAL STATUS OF PATENTS 78
FIGURE 23 FRP VESSELS MARKET: LEGAL STATUS OF PATENTS 78
5.16.6 JURISDICTION ANALYSIS 78
FIGURE 24 GLOBAL JURISDICTION ANALYSIS 79
5.16.7 TOP APPLICANTS ANALYSIS 79
FIGURE 25 SEMICONDUCTOR ENERGY LABORATORY CO. LTD. HOLDS HIGHEST NUMBER OF PATENTS 79
5.16.8 PATENTS HELD BY 3M INNOVATIVE PROPERTIES COMPANY 80
5.16.9 PATENTS HELD BY TOYOTA JIDOSHA KABUSHIKI KAISHA 80
5.16.10 PATENTS HELD BY MICHELIN RECH TECH 81
5.16.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 81
5.17 CASE STUDY ANALYSIS 82
5.18 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 82
6 FRP VESSELS MARKET, BY FIBER TYPE 84
6.1 INTRODUCTION 85
FIGURE 26 GLASS FIBER TO DOMINATE FRP VESSELS MARKET DURING FORECAST PERIOD 85
TABLE 19 FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 86
TABLE 20 FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 86
TABLE 21 FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 86
TABLE 22 FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 86
6.2 GLASS FIBER 87
6.2.1 WIDELY USED TO MANUFACTURE FRP VESSELS 87
FIGURE 27 ASIA PACIFIC TO HOLD LARGEST SHARE OF GLASS FIBER-BASED FRP VESSELS MARKET 87
6.2.2 GLASS FIBER-BASED FRP VESSELS MARKET, BY REGION 87
TABLE 23 GLASS FIBER -BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 87
TABLE 24 GLASS FIBER -BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 88
TABLE 25 GLASS FIBER -BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 88
TABLE 26 GLASS FIBER -BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 88
6.3 CARBON FIBER 89
6.3.1 OFFERS GREATER STRENGTH AND STIFFNESS THAN OTHER REINFORCEMENT FIBERS 89
FIGURE 28 ASIA PACIFIC TO DOMINATE CARBON FIBER-BASED FRP VESSELS MARKET 89
6.3.2 CARBON FIBER-BASED FRP VESSELS MARKET, BY REGION 90
TABLE 27 CARBON FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 90
TABLE 28 CARBON FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 90
TABLE 29 CARBON FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 90
TABLE 30 CARBON FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 91
6.4 OTHERS 91
6.4.1 ARAMID FIBER 91
6.4.2 BASALT FIBER 91
6.4.3 OTHER FIBER-BASED FRP VESSELS MARKET, BY REGION 92
TABLE 31 OTHER FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 32 OTHER FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 92
TABLE 33 OTHER FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 34 OTHER FIBER-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 93
7 FRP VESSELS MARKET, BY RESIN TYPE 94
7.1 INTRODUCTION 95
FIGURE 29 POLYESTER RESIN-BASED FRP VESSELS TO DOMINATE MARKET DURING FORECAST PERIOD 95
TABLE 35 FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 95
TABLE 36 FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 96
TABLE 37 FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 96
TABLE 38 FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 96
7.2 POLYESTER 96
7.2.1 RISING POPULARITY OWING TO COST-EFFECTIVENESS 96
FIGURE 30 ASIA PACIFIC EXPECTED TO BE LARGEST POLYESTER RESIN-BASED FRP VESSELS MARKET 97
7.2.2 POLYESTER RESIN-BASED FRP VESSELS MARKET, BY REGION 97
TABLE 39 POLYESTER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 97
TABLE 40 POLYESTER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 97
TABLE 41 POLYESTER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 98
TABLE 42 POLYESTER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 98
7.3 EPOXY RESIN 98
7.3.1 GROWING DEMAND DUE TO EXCELLENT THERMAL AND MECHANICAL PROPERTIES 98
FIGURE 31 ASIA PACIFIC EXPECTED TO HOLD LARGEST SHARE OF EPOXY RESIN-BASED FRP VESSELS MARKET 99
7.3.2 EPOXY RESIN-BASED FRP VESSELS MARKET, BY REGION 99
TABLE 43 EPOXY RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 99
TABLE 44 EPOXY RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 99
TABLE 45 EPOXY RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 100
TABLE 46 EPOXY RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 100
7.4 OTHERS 100
7.4.1 OTHER RESIN-BASED FRP VESSELS MARKET, BY REGION 101
TABLE 47 OTHER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 101
TABLE 48 OTHER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 101
TABLE 49 OTHER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 101
TABLE 50 OTHER RESIN-BASED FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 102
8 FRP VESSELS MARKET, BY APPLICATION 103
8.1 INTRODUCTION 104
FIGURE 32 WATER & WASTEWATER EXPECTED TO BE LARGEST CONSUMER OF FRP VESSELS 104
TABLE 51 FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 104
TABLE 52 FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 105
TABLE 53 FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 105
TABLE 54 FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 105
8.2 AUTOMOTIVE & TRANSPORTATION 106
8.2.1 NEW FUEL TECHNOLOGY TO DRIVE USAGE OF FRP VESSELS 106
FIGURE 33 ASIA PACIFIC TO BE LARGEST FRP VESSELS MARKET IN AUTOMOTIVE & TRANSPORTATION APPLICATION 106
8.2.2 FRP VESSELS MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION 107
TABLE 55 FRP VESSELS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 56 FRP VESSELS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2018–2021 (KILOTONS) 107
TABLE 57 FRP VESSELS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2022–2027 (USD MILLION) 107
TABLE 58 FRP VESSELS MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2022–2027 (KILOTONS) 108
8.3 OIL & GAS 108
8.3.1 INCREASING DEMAND FOR OIL & GAS TO DRIVE MARKET 108
FIGURE 34 ASIA PACIFIC TO BE LARGEST FRP VESSELS MARKET IN OIL & GAS APPLICATION 109
8.3.2 FRP VESSELS MARKET IN OIL & GAS, BY REGION 109
TABLE 59 FRP VESSELS MARKET SIZE IN OIL & GAS, BY REGION, 2018–2021 (USD MILLION) 109
TABLE 60 FRP VESSELS MARKET SIZE IN OIL & GAS, BY REGION, 2018–2021 (KILOTONS) 109
TABLE 61 FRP VESSELS MARKET SIZE IN OIL & GAS, BY REGION, 2022–2027 (USD MILLION) 110
TABLE 62 FRP VESSELS MARKET SIZE IN OIL & GAS, BY REGION, 2022–2027 (KILOTONS) 110
8.4 CHEMICAL 110
8.4.1 NEED FOR SPECIALIZED CONTAINERS FOR SPECIFIC APPLICATIONS 110
FIGURE 35 NORTH AMERICAN MARKET TO EXHIBIT SECOND-HIGHEST GROWTH RATE IN CHEMICAL APPLICATION 111
8.4.2 FRP VESSELS MARKET IN CHEMICAL, BY REGION 111
TABLE 63 FRP VESSELS MARKET SIZE IN CHEMICAL, BY REGION, 2018–2021 (USD MILLION) 111
TABLE 64 FRP VESSELS MARKET SIZE IN CHEMICAL, BY REGION, 2018–2021 (KILOTONS) 111
TABLE 65 FRP VESSELS MARKET SIZE IN CHEMICAL, BY REGION, 2022–2027 (USD MILLION) 112
TABLE 66 FRP VESSELS MARKET SIZE IN CHEMICAL, BY REGION, 2022–2027 (KILOTONS) 112
8.5 WATER & WASTEWATER 112
8.5.1 HIGH DEMAND FOR FRP VESSELS FOR STORAGE PURPOSES 112
FIGURE 36 NORTH AMERICA TO SHOW HIGHEST GROWTH IN WATER & WASTEWATER APPLICATION 113
8.5.2 FRP VESSELS MARKET IN WATER & WASTEWATER, BY REGION 113
TABLE 67 FRP VESSELS MARKET SIZE IN WATER & WASTEWATER, BY REGION, 2018–2021 (USD MILLION) 113
TABLE 68 FRP VESSELS MARKET SIZE IN WATER & WASTEWATER, BY REGION, 2018–2021 (KILOTONS) 113
TABLE 69 FRP VESSELS MARKET SIZE IN WATER & WASTEWATER, BY REGION, 2022–2027 (USD MILLION) 114
TABLE 70 FRP VESSELS MARKET SIZE IN WATER & WASTEWATER, BY REGION, 2022–2027 (KILOTONS) 114
8.6 INDUSTRIAL 114
FIGURE 37 ASIA PACIFIC DOMINATED INDUSTRIAL APPLICATION IN 2021 115
8.6.1 FRP VESSELS MARKET IN INDUSTRIAL, BY REGION 115
TABLE 71 FRP VESSELS MARKET SIZE IN INDUSTRIAL, BY REGION, 2018–2021 (USD MILLION) 115
TABLE 72 FRP VESSELS MARKET SIZE IN INDUSTRIAL, BY REGION, 2018–2021 (KILOTONS) 115
TABLE 73 FRP VESSELS MARKET SIZE IN INDUSTRIAL, BY REGION, 2022–2027 (USD MILLION) 116
TABLE 74 FRP VESSELS MARKET SIZE IN INDUSTRIAL, BY REGION, 2022–2027 (KILOTONS) 116
8.7 OTHERS 116
8.7.1 PULP & PAPER 116
8.7.2 PHARMACEUTICAL 117
8.7.3 FOOD PROCESSING 117
8.7.4 FRP VESSELS MARKET IN OTHER APPLICATIONS, BY REGION 117
TABLE 75 FRP VESSELS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 117
TABLE 76 FRP VESSELS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018–2021 (KILOTONS) 117
TABLE 77 FRP VESSELS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 118
TABLE 78 FRP VESSELS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2022–2027 (KILOTONS) 118
9 FRP VESSELS MARKET, BY REGION 119
9.1 INTRODUCTION 120
FIGURE 38 CHINA TO BE FASTEST-GROWING FRP VESSELS MARKET DURING FORECAST PERIOD 120
9.1.1 FRP VESSELS MARKET, BY REGION 121
TABLE 79 FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 80 FRP VESSELS MARKET SIZE, BY REGION, 2018–2021 (KILOTONS) 121
TABLE 81 FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (USD MILLION) 121
TABLE 82 FRP VESSELS MARKET SIZE, BY REGION, 2022–2027 (KILOTONS) 122
9.2 NORTH AMERICA 122
FIGURE 39 NORTH AMERICA: FRP VESSELS MARKET SNAPSHOT 123
9.2.1 NORTH AMERICA: FRP VESSELS MARKET, BY FIBER TYPE 123
TABLE 83 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 123
TABLE 84 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 124
TABLE 85 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 124
TABLE 86 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 124
9.2.2 NORTH AMERICA: FRP VESSELS MARKET, BY RESIN TYPE 124
TABLE 87 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 124
TABLE 88 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 125
TABLE 89 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 125
TABLE 90 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 125
9.2.3 NORTH AMERICA: FRP VESSELS MARKET, BY APPLICATION 126
TABLE 91 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 126
TABLE 92 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 126
TABLE 93 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 126
TABLE 94 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 127
9.2.4 NORTH AMERICA: FRP VESSELS MARKET, BY COUNTRY 127
TABLE 95 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 127
TABLE 96 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTONS) 127
TABLE 97 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 127
TABLE 98 NORTH AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTONS) 128
9.2.5 US 128
9.2.5.1 Largest FRP vessels market in North America 128
9.2.6 US: FRP VESSELS MARKET, BY APPLICATION 128
TABLE 99 US: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 128
TABLE 100 US: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 129
TABLE 101 US: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 129
TABLE 102 US: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 129
9.2.7 CANADA 130
9.2.7.1 Increasing demand from water & wastewater and automotive & transportation applications 130
9.2.8 CANADA: FRP VESSELS MARKET, BY APPLICATION 130
TABLE 103 CANADA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 130
TABLE 104 CANADA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 130
TABLE 105 CANADA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 131
TABLE 106 CANADA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 131
9.3 EUROPE 131
FIGURE 40 EUROPE: FRP VESSELS MARKET SNAPSHOT 132
9.3.1 EUROPE: FRP VESSELS MARKET, BY FIBER TYPE 133
TABLE 107 EUROPE: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 133
TABLE 108 EUROPE: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 133
TABLE 109 EUROPE: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 133
TABLE 110 EUROPE: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 133
9.3.2 EUROPE: FRP VESSELS MARKET, BY RESIN TYPE 134
TABLE 111 EUROPE: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 134
TABLE 112 EUROPE: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 134
TABLE 113 EUROPE: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 134
TABLE 114 EUROPE: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 134
9.3.3 EUROPE: FRP VESSELS MARKET, BY APPLICATION 135
TABLE 115 EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 135
TABLE 116 EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 135
TABLE 117 EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 135
TABLE 118 EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 136
9.3.4 EUROPE: FRP VESSELS MARKET, BY COUNTRY 136
TABLE 119 EUROPE: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 136
TABLE 120 EUROPE: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTONS) 136
TABLE 121 EUROPE: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 137
TABLE 122 EUROPE: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTONS) 137
9.3.5 GERMANY 137
9.3.5.1 Largest FRP vessels market in Europe 137
9.3.6 GERMANY: FRP VESSELS MARKET, BY APPLICATION 138
TABLE 123 GERMANY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 138
TABLE 124 GERMANY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 138
TABLE 125 GERMANY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 138
TABLE 126 GERMANY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 139
9.3.7 FRANCE 139
9.3.7.1 Automotive & transportation sector to fuel market 139
9.3.8 FRANCE: FRP VESSELS MARKET, BY APPLICATION 139
TABLE 127 FRANCE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 139
TABLE 128 FRANCE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 140
TABLE 129 FRANCE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 140
TABLE 130 FRANCE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 140
9.3.9 UK 141
9.3.9.1 Significant use of FRP tanks for water & wastewater treatment 141
9.3.10 UK: FRP VESSELS MARKET, BY APPLICATION 141
TABLE 131 UK: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 141
TABLE 132 UK: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 141
TABLE 133 UK: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 142
TABLE 134 UK: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 142
9.3.11 ITALY 142
9.3.11.1 Rapid growth of NGV fleet to strengthen demand for FRP vessels 142
9.3.12 ITALY: FRP VESSELS MARKET, BY APPLICATION 143
TABLE 135 ITALY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 143
TABLE 136 ITALY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 143
TABLE 137 ITALY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 143
TABLE 138 ITALY: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 144
9.3.13 SPAIN 144
9.3.13.1 Development of transportation industry to boost market 144
9.3.14 SPAIN: FRP VESSELS MARKET, BY APPLICATION 144
TABLE 139 SPAIN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 144
TABLE 140 SPAIN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 145
TABLE 141 SPAIN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 145
TABLE 142 SPAIN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 145
9.3.15 REST OF EUROPE 146
9.3.16 REST OF EUROPE: FRP VESSELS MARKET, BY APPLICATION 146
TABLE 143 REST OF EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 146
TABLE 144 REST OF EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 146
TABLE 145 REST OF EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 147
TABLE 146 REST OF EUROPE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 147
9.4 ASIA PACIFIC 147
FIGURE 41 ASIA PACIFIC: FRP VESSELS MARKET SNAPSHOT 148
9.4.1 ASIA PACIFIC: FRP VESSELS MARKET, BY FIBER TYPE 148
TABLE 147 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 148
TABLE 148 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 149
TABLE 149 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 149
TABLE 150 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 149
9.4.2 ASIA PACIFIC: FRP VESSELS MARKET, BY RESIN TYPE 149
TABLE 151 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 149
TABLE 152 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 150
TABLE 153 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 150
TABLE 154 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 150
9.4.3 ASIA PACIFIC: FRP VESSELS MARKET, BY APPLICATION 151
TABLE 155 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 151
TABLE 156 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 151
TABLE 157 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 151
TABLE 158 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 152
9.4.4 ASIA PACIFIC: FRP VESSELS MARKET, BY COUNTRY 152
TABLE 159 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 152
TABLE 160 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTONS) 152
TABLE 161 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 153
TABLE 162 ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTONS) 153
9.4.5 CHINA 153
9.4.5.1 Largest FRP vessels market in Asia Pacific 153
9.4.6 CHINA: FRP VESSELS MARKET, BY APPLICATION 154
TABLE 163 CHINA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 154
TABLE 164 CHINA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 154
TABLE 165 CHINA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 154
TABLE 166 CHINA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 155
9.4.7 JAPAN 155
9.4.7.1 Rising demand for small passenger cars to encourage use of composites 155
9.4.8 JAPAN: FRP VESSELS MARKET, BY APPLICATION 155
TABLE 167 JAPAN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 155
TABLE 168 JAPAN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 156
TABLE 169 JAPAN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 156
TABLE 170 JAPAN: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 156
9.4.9 INDIA 157
9.4.9.1 Increasing awareness of benefits of CNG-powered vehicles to fuel market 157
9.4.10 INDIA: FRP VESSELS MARKET, BY APPLICATION 157
TABLE 171 INDIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 157
TABLE 172 INDIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 157
TABLE 173 INDIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 158
TABLE 174 INDIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 158
9.4.11 SOUTH KOREA 158
9.4.11.1 Government initiatives to promote fuel-efficient vehicles to drive demand for FRP vessels 158
9.4.12 SOUTH KOREA: FRP VESSELS MARKET, BY APPLICATION 159
TABLE 175 SOUTH KOREA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 159
TABLE 176 SOUTH KOREA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 159
TABLE 177 SOUTH KOREA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 159
TABLE 178 SOUTH KOREA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 160
9.4.13 REST OF ASIA PACIFIC 160
9.4.14 REST OF ASIA PACIFIC: FRP VESSELS MARKET, BY APPLICATION 160
TABLE 179 REST OF ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 160
TABLE 180 REST OF ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 161
TABLE 181 REST OF ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 161
TABLE 182 REST OF ASIA PACIFIC: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 161
9.5 MIDDLE EAST & AFRICA 162
9.5.1 MIDDLE EAST & AFRICA: FRP VESSELS MARKET, BY FIBER TYPE 162
TABLE 183 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 162
TABLE 184 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 162
TABLE 185 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 162
TABLE 186 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 163
9.5.2 MIDDLE EAST & AFRICA: FRP VESSELS MARKET, BY RESIN TYPE 163
TABLE 187 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 163
TABLE 188 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 163
TABLE 189 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 164
TABLE 190 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 164
9.5.3 MIDDLE EAST & AFRICA: FRP VESSELS MARKET, BY APPLICATION 164
TABLE 191 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 164
TABLE 192 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 165
TABLE 193 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 165
TABLE 194 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 165
9.5.4 MIDDLE EAST & AFRICA: FRP VESSELS MARKET, BY COUNTRY 166
TABLE 195 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 166
TABLE 196 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTONS) 166
TABLE 197 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 166
TABLE 198 MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTONS) 167
9.5.5 UAE 167
9.5.5.1 Fastest-growing FRP vessels market in Middle East & Africa 167
9.5.5.2 UAE: FRP VESSELS MARKET, BY APPLICATION 167
TABLE 199 UAE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 167
TABLE 200 UAE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 168
TABLE 201 UAE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 168
TABLE 202 UAE: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 168
9.5.6 SAUDI ARABIA 169
9.5.6.1 Increasing demand for FRP vessels from oil industry 169
9.5.6.2 SAUDI ARABIA: FRP VESSELS MARKET, BY APPLICATION 169
TABLE 203 SAUDI ARABIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 169
TABLE 204 SAUDI ARABIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 169
TABLE 205 SAUDI ARABIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 170
TABLE 206 SAUDI ARABIA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 170
9.5.7 SOUTH AFRICA 170
9.5.7.1 Growing demand for FRP vessels from mining and other industries 170
9.5.7.2 SOUTH AFRICA: FRP VESSELS MARKET, BY APPLICATION 171
TABLE 207 SOUTH AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 171
TABLE 208 SOUTH AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 171
TABLE 209 SOUTH AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 171
TABLE 210 SOUTH AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 172
9.5.8 REST OF MIDDLE EAST & AFRICA 172
9.5.8.1 REST OF MIDDLE EAST & AFRICA: FRP VESSELS MARKET, BY APPLICATION 172
TABLE 211 REST OF MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 172
TABLE 212 REST OF MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 173
TABLE 213 REST OF MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 173
TABLE 214 REST OF MIDDLE EAST & AFRICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 173
9.6 LATIN AMERICA 174
9.6.1 LATIN AMERICA: FRP VESSELS MARKET, BY FIBER TYPE 174
TABLE 215 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION) 174
TABLE 216 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTONS) 174
TABLE 217 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (USD MILLION) 174
TABLE 218 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY FIBER TYPE, 2022–2027 (KILOTONS) 175
9.6.2 LATIN AMERICA: FRP VESSELS MARKET, BY RESIN TYPE 175
TABLE 219 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (USD MILLION) 175
TABLE 220 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2018–2021 (KILOTONS) 175
TABLE 221 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (USD MILLION) 175
TABLE 222 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY RESIN TYPE, 2022–2027 (KILOTONS) 176
9.6.3 LATIN AMERICA: FRP VESSELS MARKET, BY APPLICATION 176
TABLE 223 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 176
TABLE 224 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 176
TABLE 225 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 177
TABLE 226 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 177
9.6.4 LATIN AMERICA: FRP VESSELS MARKET, BY COUNTRY 177
TABLE 227 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION) 177
TABLE 228 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTONS) 178
TABLE 229 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION) 178
TABLE 230 LATIN AMERICA: FRP VESSELS MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTONS) 178
9.6.5 BRAZIL 179
9.6.5.1 Largest FRP vessels market in Latin America 179
9.6.5.2 BRAZIL: FRP VESSELS MARKET, BY APPLICATION 179
TABLE 231 BRAZIL: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 179
TABLE 232 BRAZIL: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 179
TABLE 233 BRAZIL: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 180
TABLE 234 BRAZIL: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 180
9.6.6 MEXICO 180
9.6.6.1 Increasing demand for FRP vessels from water & wastewater application 180
9.6.6.2 MEXICO: FRP VESSELS MARKET, BY APPLICATION 181
TABLE 235 MEXICO: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 181
TABLE 236 MEXICO: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 181
TABLE 237 MEXICO: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 181
TABLE 238 MEXICO: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 182
9.6.7 REST OF LATIN AMERICA 182
9.6.7.1 REST OF LATIN AMERICA: FRP VESSELS MARKET, BY APPLICATION 182
TABLE 239 REST OF LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 182
TABLE 240 REST OF LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTONS) 183
TABLE 241 REST OF LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION) 183
TABLE 242 REST OF LATIN AMERICA: FRP VESSELS MARKET SIZE, BY APPLICATION, 2022–2027 (KILOTONS) 183
10 COMPETITIVE LANDSCAPE 184
10.1 INTRODUCTION 184
10.2 MARKET SHARE ANALYSIS 184
FIGURE 42 SHARES OF TOP COMPANIES IN FRP VESSELS MARKET 185
TABLE 243 DEGREE OF COMPETITION: FRP VESSELS MARKET 185
10.3 MARKET RANKING 186
FIGURE 43 RANKING OF TOP FIVE PLAYERS IN FRP VESSELS MARKET 186
10.4 MARKET EVALUATION FRAMEWORK 186
TABLE 244 FRP VESSELS MARKET: PRODUCT LAUNCHES/DEALS, 2018–2022 186
TABLE 245 FRP VESSELS MARKET: OTHERS, 2018–2022 187
10.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS 191
FIGURE 44 REVENUE ANALYSIS 191
10.6 COMPANY EVALUATION MATRIX 191
TABLE 246 COMPANY PRODUCT FOOTPRINT 192
TABLE 247 COMPANY APPLICATION FOOTPRINT 193
TABLE 248 COMPANY REGION FOOTPRINT 194
10.7 COMPETITIVE LANDSCAPE MAPPING 195
10.7.1 STARS 195
10.7.2 PERVASIVE PLAYERS 195
10.7.3 PARTICIPANTS 195
10.7.4 EMERGING LEADERS 195
FIGURE 45 FRP VESSELS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021 196
10.7.5 STRENGTH OF PRODUCT PORTFOLIO 197
FIGURE 46 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN FRP VESSELS MARKET 197
10.7.6 BUSINESS STRATEGY EXCELLENCE 198
FIGURE 47 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN FRP VESSELS MARKET 198
10.8 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 199
TABLE 249 FRP VESSELS MARKET: KEY START-UPS/SMES 199
TABLE 250 FRP VESSELS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 199
10.9 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 200
10.9.1 PROGRESSIVE COMPANIES 200
10.9.2 RESPONSIVE COMPANIES 200
10.9.3 DYNAMIC COMPANIES 200
10.9.4 STARTING BLOCKS 200
FIGURE 48 FRP VESSELS MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2021 201
11 COMPANY PROFILES 202
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1 MAJOR PLAYERS 202
11.1.1 HEXAGON COMPOSITES ASA 202
TABLE 251 HEXAGON COMPOSITES ASA: COMPANY OVERVIEW 202
FIGURE 49 HEXAGON COMPOSITES ASA: COMPANY SNAPSHOT 203
11.1.2 LUXFER GROUP 206
TABLE 252 LUXFER GROUP: COMPANY OVERVIEW 206
FIGURE 50 LUXFER GROUP: COMPANY SNAPSHOT 207
11.1.3 WORTHINGTON INDUSTRIES INC. 210
TABLE 253 WORTHINGTON INDUSTRIES INC.: COMPANY OVERVIEW 210
FIGURE 51 WORTHINGTON INDUSTRIES INC.: COMPANY SNAPSHOT 211
11.1.4 EVEREST KANTO CYLINDERS LTD. 215
TABLE 254 EVEREST KANTO CYLINDERS LTD.: COMPANY OVERVIEW 215
FIGURE 52 EVEREST KANTO CYLINDERS LTD.: COMPANY SNAPSHOT 215
11.1.5 QUANTUM FUEL SYSTEMS LLC 217
TABLE 255 QUANTUM FUEL SYSTEMS LLC: COMPANY OVERVIEW 217
11.1.6 FABER INDUSTRIE SPA 219
TABLE 256 FABER INDUSTRIE SPA: COMPANY OVERVIEW 219
11.1.7 AVANCO GROUP 221
TABLE 257 AVANCO GROUP: COMPANY OVERVIEW 221
11.1.8 SHAWCOR LTD. 223
TABLE 258 SHAWCOR LTD.: COMPANY OVERVIEW 223
FIGURE 53 SHAWCOR LTD.: COMPANY SNAPSHOT 224
11.1.9 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO., LTD. 226
TABLE 259 LIANYUNGANG ZHONGFU LIANZHONG COMPOSITES GROUP CO. LTD.: COMPANY OVERVIEW 226
11.1.10 NOV INC. 228
TABLE 260 NOV INC.: COMPANY OVERVIEW 228
FIGURE 54 NOV INC.: COMPANY SNAPSHOT 229
11.2 OTHER COMPANIES 231
11.2.1 ULLIT SA 231
11.2.2 AGILITY FUEL SOLUTIONS 231
11.2.3 AUGUSTA FIBERGLASS 231
11.2.4 EPP COMPOSITES PVT. LTD. 231
11.2.5 ENDURO COMPOSITES INC. 231
11.2.6 JRMS ENGINEERING WORKS 232
11.2.7 CEVOTEC GMBH 232
11.2.8 NPROXX 232
11.2.9 STEELHEAD COMPOSITES, INC. 232
11.2.10 TIME TECHNOPLAST LTD. 232
11.2.11 COMPOMEX 232
11.2.12 DRAGERWERK AG & CO. KGAA 233
11.2.13 SAUDI ARABIAN AMIANTIT CO 233
11.2.14 KAYMO FIBER REINFORCED PLASTIC MANUFACTURE CO., LTD. 233
11.2.15 AERON COMPOSITES PVT. LTD. 233
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 APPENDIX 234
12.1 DISCUSSION GUIDE 234
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 237
12.3 CUSTOMIZATION OPTIONS 239
12.4 RELATED REPORTS 239
12.5 AUTHOR DETAILS 240