Global Large Diameter Fiberglass Tanks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Large Diameter Fiberglass Tanks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

FRP materials provide excellent high temperature performance and solvent resistance. Large diameter cans are required for a variety of reasons. Large diameter fiberglass cans can be designed to have advantageous features for a wide range of applications, including wastewater treatment, oil and gas, chemical processing and agriculture.

Market Overview:

The latest research study on the global Large Diameter Fiberglass Tanks market finds that the global Large Diameter Fiberglass Tanks market reached a value of USD 1637.81 million in 2022. It’s expected that the market will achieve USD 2355.01 million by 2028, exhibiting a CAGR of 6.24% during the forecast period.

The impact of COVID-19 on downstream markets

The Covid-19 epidemic has affected the recovery time of companies in the industry, the logistics cycle, and the recovery time of downstream companies, especially the product delivery and installation engineering are severely affected by the disease, and installation engineering projects have been suspended. The project was postponed for approval and launch. At present, it is difficult to accurately estimate the overall impact of the new coronary pneumonia epidemic on the industrial chain involved in large diameter fiberglass tanks. If this epidemic continues to spread globally and last for a long time. This will adversely affect the short-term operating conditions and profitability of large diameter fiberglass tanks.

The impact of COVID-19 on raw materials

In the current economic globalization, the upstream and downstream industrial chains have never been so closely linked. The global COVID-19 pandemic has caused many factories to stop production, isolate employees and obstruct transportation. This will affect the raw material transportation of the large diameter fiberglass tanks production company. If the supply of raw materials is blocked, the production of large diameter fiberglass tanks will also be affected. Therefore, dealing with the impact of COVID-19 on the global supply chain will become one of the main issues that manufacturers of large diameter fiberglass tanks need to deal with. In the short term, the price of raw materials produced by large diameter fiberglass tanks is expected to rise, which will put pressure on the cost control of manufacturers of large diameter fiberglass tanks.

Strength

Possess strong corrosion resistance and wear resistance;
Have a wide range of application scenarios;
Compared with other metal tanks, fiberglass tanks are lighter in weight.

Weakness

Transportation of Large Diameter Fiberglass Tanks is not convenient.

Opportunities

Downstream buyers increased their spending on environmental protection, driving the sales growth of Large Diameter Fiberglass Tanks.

Threat

Some Large Diameter Fiberglass Tanks need to be customized and installed on-site according to the needs of downstream buyers, which is not conducive to mass production of products.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia-Pacific (34.77% in 2022).

Company Overview

Denali Incorporated is one of the major players operating in the Large Diameter Fiberglass Tanks market, holding a share of 12.74% in 2022.

Denali Incorporated

Denali Incorporated was established in 1994. The company provides FRP composite solutions to solve all functions in the field of corrosive fluids and smoke. Brands including Containment Solutions, Inc. (CSI), Belco, Ershigs, Fabricated Plastics, Fibra, and Plasti-Fab.

Shawcor

Shawcor develops advanced technology solutions that help customers deliver long-term operating performance of long-life energy and infrastructure assets for applications in energy, water, industrial and automotive markets.

Segmentation Overview:

By type, Horizontal segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Chemical, with a market share of 36.07% in 2022.

Key Companies in the global Large Diameter Fiberglass Tanks market covered in Chapter 3:

Canwest Tanks
ARC Insulations and Insulators
Red Ewald
Plasticon Composites
Sintex Industries
Future Pipe Industries (FPI)
Hebei Huaqiang Technology
Camplas Technology Ltd.
Yike Composite Materials
Denali Incorporated
Beetle Plastics
L. F. Manufacturing
Plastic Glass S.r.l.
Palmer of Texas
Shawcor
Zhongfu Lianzhong Composite
Selip S.p.a
Silotank

In Chapter 4 and Chapter 14.2, on the basis of types, the Large Diameter Fiberglass Tanks market from 2018 to 2029 is primarily split into:

Horizontal
Vertical

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Large Diameter Fiberglass Tanks market from 2018 to 2029 covers:

Water and Waste Water
Chemical
Oil and Gas production
Pulp and paper
Power Generating
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)