Global Industrial Fiberglass Tank Market Size To Exceed USD 4.9 Billion By 2035 | CAGR of 6.7%
Category: Chemicals & MaterialsGlobal Industrial Fiberglass Tank Market Size To Exceed USD 4.9 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Industrial Fiberglass Tank Market Size is expected to grow from USD 2.4 Billion in 2024 to USD 4.9 Billion by 2035, at a CAGR of 6.7% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the “Global Industrial Fiberglass Tank Market Size, Share, and COVID-19 Impact Analysis, By Type (Aboveground Tanks and Underground Tanks), By Application (Water & Wastewater Treatment, Chemical Processing, Oil & Gas, Pulp & Paper, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/industrial-fiberglass-tank-market
The industrial fiberglass tank market refers to the industry encompassing the production, distribution, and use of tanks made from fiberglass reinforced plastic, which is used for safely storing various liquids and chemicals across various industries. Fiberglass tanks are increasingly adopted with the advancements in fiberglass manufacturing technologies for developing tanks with enhanced strength and durability. The growing industrialization and development of customized solutions are creating new opportunities in the industrial fiberglass tank market. The growing need for dependable and corrosion-resistant storage solutions is driving the market demand for industrial fiberglass tank. On the contrary, increased initial costs and fluctuation in raw material prices are challenging the market.
The aboveground tanks segment dominated the market with a significant share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the industrial fiberglass tank market is divided into aboveground tanks and underground tanks. Among these, the aboveground tanks segment dominated the market with a significant share in 2024 and is projected to grow at a substantial CAGR during the forecast period. The ease of installation and maintenance of the aboveground fiberglass tank is driving the market. Further, they are used in the oil and gas supply chain for crude oil storage.
The water & wastewater treatment segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the industrial fiberglass tank market is divided into water & wastewater treatment, chemical processing, oil & gas, pulp & paper, and others. Among these, the water & wastewater treatment segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Fiberglass tanks are used in water tanks for drinking water storage, wastewater treatment, irrigation, and other uses. The efficient storage solution provided by fiberglass tanks is propelling the market.
North America is expected to hold the majority share of the global industrial fiberglass tank market during the forecast period.
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North America is expected to hold the majority share of the global industrial fiberglass tank market during the forecast period. The region’s well-established chemical processing and oil & gas sectors, along with increased investment in industrial infrastructure, are propelling the market. The increasing fiberglass composites, owing to their increased strength, greater corrosion resistance, and faster manufacturing process, are driving the market demand.
Asia Pacific is anticipated to grow at the fastest pace in the global industrial fiberglass tank market during the forecast period. An increase in smart city projects, along with the need for rainwater harvesting systems driving adoption in urban and semi-urban areas, is driving the industrial fiberglass tank market. Rapid industrialization and infrastructure development across countries like China and India are also responsible for market growth.
Major vendors in the global industrial fiberglass tank market are ZCL Composites, Containment Solutions, WATTS, CROM, United Industries Group (UIG), LF Manufacturing, Enduro Composites, Denali, Watts Water Technologies, Future Pipe Industries (FPI), Nationwide Tank and Pipe, Belding Tank Technologies, Tialoc, Zhonghao, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In November 2021, Water and wastewater treatment player Hubert Enviro Care Systems Ltd. (HECS) launched an upgraded range of Compact FRP Sewage Treatment Plants (STPs), Ultima and Ultima+.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the industrial fiberglass tank market based on the below-mentioned segments:
Global Industrial Fiberglass Tank Market, By Type
- Aboveground Tanks
- Underground Tanks
Global Industrial Fiberglass Tank Market, By Application
- Water & Wastewater Treatment
- Chemical Processing
- Oil & Gas
- Pulp & Paper
- Others
Global Industrial Fiberglass Tank Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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