The "Opportunities in North American FRP Tank Market: Market Size, Trends and Growth Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the North American FRP tank market looks promising with opportunities in water/wastewater, septic, pulp and paper, chemical, petroleum, and agriculture/aquaculture applications. The North American FRP tank market is expected to decline in 2020 due to global economic recession led by COVID-19.
However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $0.9 billion by 2026 with a CAGR of 4.3% from 2021 to 2026. The major drivers of growth for this market are increasing use of composites products over metals, steel, and concrete made tanks due to high strength, greater corrosion resistance, and faster manufacturing process.
Emerging trends, which have a direct impact on the dynamics of the industry, includes innovation and development of new application areas to accelerate the growth, and development of new materials to provide sustainable solutions to the user industries.
A total of 72 figures/charts and 52 tables are provided in this 148-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the North American FRP tank market report, then you should read this report.
The study includes a forecast for the North American FRP tank market by application, type, process, and by country.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the North American FRP tank market as by application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture/aquaculture, and others), type (under storage tank, and above storage tank), process (filament winding, centrifugal casting, lay-up and spray-up), and Country (Eastern Canada, Eastern US, Central US, Western US, Western Canada, and Texas ,OK,LA)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which country will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the North American FRP tank market?
Q.5 What are the business risks and threats to the North American FRP tank market?
Q.6 What are emerging trends in this North American FRP tank market and the reasons behind them?
Q.7 What are some changing demands of customers in the North American FRP tank market?
Q.8 What are the new developments in the North American FRP tank market? Which companies are leading these developments?
Q.9 Who are the major players in the North American FRP tank market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the North American FRP tank market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the North American FRP tank market?
3. Market Trends and Forecast Analysis from 2015 to 2026
4.4: Porter's Five Forces Analysis
5. Growth Opportunities and Strategic Analysis
5.1.1: Growth Opportunities for the North American FRP Tank Market by Application
5.1.2: Growth Opportunities for the North American FRP Tank Market by Process
5.1.3: Growth Opportunities for the North American FRP Tank Market by Type
5.2: Emerging Trend in the North American FRP Tank Market
5.3.1: Capacity Expansion of the North A FRP Tank Market
5.3.2: Mergers, Acquisitions and Joint Ventures in the North American FRP Tank Market
For more information about this report visit https://www.researchandmarkets.com/r/40hfd2
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