According to the recent study the FRP tank in the water and wastewater market is projected to reach an estimated $900.0 billion by 2030 from $683.6 billion in 2023, at a CAGR of 4.2% from 2023 to 2024. Growth in this market is primarily driven by growing construction activities, increasing concerns towards water conservation and fire protection, and aging water infrastructure.
Browse 108 figures / charts and 86 tables in this 189 -page report to understand trends, opportunities and forecast in FRP tank in the water and wastewater market by application (wastewater, industrial wastewater, plumbing engineered solutions, water conservation, potable water, fire protection), by installation (underground and aboveground), by capacity (less than 5k, 5k-50k, and 50k-250k), by end use industry (municipal, industrial, residential and commercial), region (North America, Europe, APAC, and the Rest of the World).
Lucintel forecasts that municipal use will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to growth in water infrastructure activities in the emerging economies such as China and India.
Wastewater application will remain the largest application and it is expected to witness highest growth over the forecast period due to increasing government spending on recycling and reuse of wastewater.
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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization, urbanization and high government investment for infrastructure development, and water/waste water management programs.
Containment Solutions, ZCL Composites Inc., Orenco Systems Inc., Hengrun Group Co. Ltd, Belco Manufacturing Co. Inc., L.F. Manufacturing, Inc., and Zurn Green Turtle are the major suppliers in the FRP tank in the water and wastewater market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
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