DUBLIN, April 08, 2022--(BUSINESS WIRE)--The "Balsa Core Material: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the FRP (Fiber Reinforced Plastic) tank market looks promising with opportunities in water/wastewater, septic, pulp and paper, chemical, petroleum, and agriculture/aquaculture applications.
The global FRP tank market declined in 2020 due to the 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 $3.3 million by 2026 with a CAGR of 4.8% from 2021 to 2026.
Saudi Basic Industries Corporation (SABIC)
The major growth drivers for this market are growing demand for oil and gas storage systems, and expansion of chemical plants, rapid urbanization and infrastructure development in developing countries.
Emerging trends, which have a direct impact on the dynamics of the FRP tank industry, includes dual purpose application FRP tanks, heating oil tanks, and multi compartment tanks.
A total of 109 figures/charts and 75 tables are provided in this 192-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the global FRP tank market report, then you should read this report.
The study includes trends and forecast for the global FRP tank market by application, resin type, and region.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global FRP tank market by application (water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture, aquaculture, and others), resin type (polyester composites, vinyl ester composites and other), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions 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 global FRP tank market?
Q.5 What are the business risks and threats to the global FRP tank market?
Q.6 What are emerging trends in this global FRP tank market and the reasons behind them?
Q.7 What are some changing demands of customers in the global FRP tank market?
Q.8 What are the new developments in the global FRP tank market? Which companies are leading these developments?
Q.9 Who are the major players in the global 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 global 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 global FRP tank market?
2. Balsa Core Materials Market Background and Classifications
3. Market Trends and Forecast Analysis from 2015 to 2026
3.2: Global Balsa Core Materials Market Trends and Forecast
3.3: Global Balsa Core Materials Market by End Use Industry
4. Market Trends and Forecast Analysis by Region
4.1: Global Balsa Core Materials Market by Region
4.2: North American Balsa Core Materials Market
4.2.1: Market by End Use Industry: Wind Energy, Marine, and Others
4.3: European Balsa Core Materials Market
4.3.1: Market by End Use Industry: Wind Energy, Marine, and Others
4.4: APAC Balsa Core Materials Market
4.4.1: Market by End Use Industry: Wind Energy, Marine, and Others
4.5: ROW Balsa Core Materials Market
4.5.1: Market by End Use Industry: Wind Energy, Marine, and Others
5.4: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1.1: Growth Opportunities for the Global Balsa Core Materials Market by Type
6.1.2: Growth Opportunities for the Global Balsa Core Materials Market by End Use Industry
6.1.3: Growth Opportunities for the Global Balsa Core Materials Market by Region
6.2: Emerging Trends in the Global Balsa Core Materials Market
6.3.2: Capacity Expansion of the Global Balsa Core Materials Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Balsa Core Materials Market
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/llnqfz
View source version on businesswire.com: https://www.businesswire.com/news/home/20220408005456/en/
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