The Global Frp Vessels market drivers and restraints Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
The FRP vessels market size was USD 3,140.5 Million in 2019 and is projected to reach USD 5,538.8 Million by 2027, at a CAGR of 7.3% during the forecast period. FRP (fiber-reinforced plastic) vessels are witnessing high demand in industries such as automotive, oil gas, water wastewater treatment, and chemicals. Factors such as increasing demand for FRP vessels in the automotive industry, growth of the oil gas industry, surging preference for FRP vessels over steel vessels, and increasing demand in the APAC region drive the market.
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The major companies Covered 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.
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Highlights of Global FRP Vessels Market Report
- Examines the FRP Vessels industry prospects and quickly compares historical, current, and projected market figures.
- This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
- Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
- Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
- Discuss the global, regional, and national ramifications of COVID-19.
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The report comprises an exhaustive overview of the FRP Vessels market, focusing on its leading players and their lucrative business expansion initiatives.
Segments Covered in this report are:
- 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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Geographical Scenario:
The global FRP Vessels market has been categorized into several important geographical regions. 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.
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Key Coverage of the Report:
- Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects.
- Market segmentation by deployment type, authentication type, component, organization size, industry vertical .
- Regional and country-wise market size estimation for the forecast period (2020-2028).
- Pricing strategies of the regional market players.
- Demand supply gap analysis.
- Competitive landscape analysis.
- Market share analysis of the top market players.
- Strategic recommendations for new market entrants.
- Company profiling of the leading market players.
- Brief summary of the key strategies, financial positions, and recent developments of the leading companies.
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