FRP Vessels Market Analysis By Scope, Trend and Opportunity Assessment till 2032

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.

The researchers have considered all the factors influencing the growth of the FRP Vessels market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the FRP Vessels market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the FRP Vessels market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.

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Competitive Outlook: The leading companies operating in the FRP Vessels market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the FRP Vessels Market and Profiled 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.

Objectives of the Report:

Study of the global FRP Vessels market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the FRP Vessels market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of FRP Vessels market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global FRP Vessels market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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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

Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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