Global FRP Dual Laminate Tank Market Overview
FRP stand for Fiberglass Reinforced Plastics. It is a composite material of construction used to construct chemical plant equipment such as tanks and vessels. As FRP has corrosion resistance nature, a tank can be made entirely from the composite or a second liner can also be used. If the liner is made of FRP, it is resin rich and utilizes a different type of glass known as "C-Glass", while the structural portion uses "E-Glass". The tanks which are smaller than 7,500 liters are easily manufactured out of cheaper materials such as HDPE or PVC. Tanks which are larger than four meters are generally limited by shipping constraints and a concrete or steel tank is then fabricated at the tank’s location. FRP which is constructed over the liner provides the structural strength requirements to withstand design conditions such as internal pressure or vacuum, hydrostatic loads, seismic loads (including fluid sloshing), regeneration hydrostatic loads, wind loads, and even snow loads.
Fiberglass tanks are designed according to certain standards such as Bs4994-87 is the British Standard for FRP tanks and vessels superseded by EN13121, ASME RT-P-1 (Reinforced Thermostat Plastic Corrosion Resistant Equipment) is the standard for the United States under 15pisg and located partially or fully above ground and SS245:1995 Singapore Standard for sectional GRP water storage tanks. BS EN 13121 European Standard now replaces BS4994-87 which is marked now as current, obsolescent, superseded.
FRP tanks and vessels designed and manufactured as per BS4994 and are used in the chemical industry in various sectors such as chlor-alkali manufacturers, fertilizer, wood pulp and paper, metal extraction, refining, electroplating, brine, vinegar, food processing and in air pollution control equipment , municipal waste water treatment plants and water treatment plants. These tanks and vessels are used in different commercial and industrial applications such as chemical, water & wastewater, food & beverage, mining & metals, power, energy and high- purity applications.
Market Size and Forecast
The global FRP dual laminate tank market is anticipated to grow significantly over the forecast period i.e. 2019-2027. The market is segmented by product and application. On the basis of product type, the petrochemical products segment is anticipated to have significant growth on account of its features being corrosion resistant and safer.
The global FRP dual laminate tank market is segmented by product and application. On the basis of product, the market is segmented into polypropylene & GRP, PVC-U & GRP, PVC-C & GRP, ECTFE & GRP and others. Based on application, the market is segmented into irritating chemicals, petrochemical products, high purity products and others.
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Economically Beneficial and Safer
As compared to field install alloy tanks, the FRP tanks require less labor, freight, smaller cranes and they are faster to install or erect. These tanks are also safe to assemble than steel tanks as they need minimal elevated work. This makes the FRP tanks economically beneficial and safer which is expected to boost the growth of the global FRP dual laminate tank market.
The material used to make FRP tanks are corrosion resistant and are easy to repair if damaged. This is expected to boost the growth of the global FRP dual laminate tank market.
FRP tanks act as a good insulator on temperature and static electricity which is expected to boost the growth of the global FRP dual laminate tank market.
Susceptible to degradation
Fiberglass tanks and constructs are susceptible to degradation upon long-term exposure to sunlight. This deterioration can happen due to the chemical changes which occur as a result of exposure to the ultraviolet (UV) portion of light. The degradation upon long term exposure to sunlight opens pores in the surface allowing styrene to wick out of the vessel or construct's walls, causing them to become embrittled, reducing the impact resistance and potential elongation properties of the part. This can hamper the growth of the global FRP dual laminate tank market.
Prone to Buckling
FRP is prone to buckling and can cause structural failures which can hinder the growth of the global FRP dual laminate tank market.
Our-in depth analysis of the global FRP dual laminate tank market includes the following segments:
- Polypropylene & GRP
- PVC-U & GRP
- PVC-C & GRP
- PVDF & GRP
- ECTFE & GRP
- Irritating chemicals
- Petrochemical products
- High purity products
On the basis of regional analysis, the global FRP dual laminate tank market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to grow significantly during the forecast period attributing to the presence of FRP tanks manufacturers in the region. Asia Pacific is expected to expand significantly owing to increasing industrialization in the activities. Latin America is expected to grow on the back of increasing presence of FRP tanks manufacturers in the region.
The global FRP dual laminate tank market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Forbes Group
- Plasticon Composites
- KCH Services Inc.
- Composite & Metal Products USA, Inc.
- GPI Corporation
- RL Industries Inc.
- Polyplast Chemi-plants