The FRP Vessels Revolution: Understanding the Market and Its Impact
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.
Emergen Research latest market report, titled ‘Global Frp vessels Market’, is an all-inclusive study of the global Frp vessels industry that accurately forecasts the current and future trends of this business sphere. The research report provides the reader with an in-depth interpretation of the Frp vessels market dynamics and the crucial drivers, opportunities, threats, and challenges expected to impact the potential market development. The report defines the key business strategies, demand and supply ratios, leading regions, and the renowned market players. Besides offering a futuristic outlook of the Frp vessels industry, the latest study focuses on the leading products and services offered by this market. It also emphasizes the revenue share, pricing structure, sales & distribution, and production and the estimated growth rates of each market segment.
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The leading market contenders listed in the report are:
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, Worthington Industries Inc.
Key reasons to buy the Global FRP Vessels Market report:
- The latest report comprehensively studies the global FRP Vessels market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the FRP Vessels Market
-
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
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Regional Outlook of the FRP Vessels Market
The global FRP Vessels market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global FRP Vessels market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global FRP Vessels Market report:
- The latest report comprehensively studies the global FRP Vessels market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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