Global Industrial Fiberglass Tank Market Size, Share, and COVID-19 Impact Analysis, Russia-Ukraine War Impact, Tariff 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.

Industrial Fiberglass Tank Market Summary, Size & Emerging Trends

According to Spherical Insights, 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 6.70% during the forecast period 2025-2035. An increasing demand for corrosion resistant storage solutions in water & wastewater treatment, chemical processing, and oil & gas industry is a key growth driver for the global industrial fiberglass tank market.

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Key Market Insights

• North America is expected to account for the largest share in the industrial fiberglass tank market during the forecast period.
• In terms of type, the aboveground fiberglass tanks lead the industrial fiberglass tanks market during the projected period.
• In terms of application, the water & wastewater treatment segment is projected to lead the industrial fiberglass tank market in terms of application throughout the forecast period

 

Global Market Forecast and Revenue Outlook

• 2024 Market Size: USD 2.4 Billion
• 2035 Projected Market Size: USD 4.9 Billion
• CAGR (2025-2035): 6.70%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

 

Industrial Fiberglass Tank Market

The industrial fiberglass tank market is the industry including the production, distribution, and use of tanks made from fiberglass reinforced plastic, used for safely storing various liquids and chemicals in industries. Industrial fiberglass tanks are used in water treatment, chemical processing, and oil & gas industries. They have superior resistance to chemicals and environmental factors over traditional materials such as steel and concrete. Fiberglass tanks are increasingly adopted with the advancements in fiberglass manufacturing technologies for developing tanks with enhanced strength and durability.

 

Industrial Fiberglass Tank Market Trends

• Technological advancements in composite materials are enhancing the structural integrity and lifespan of fiberglass tanks
• Increasing emphasis on innovations like smart monitoring systems and customization options is boosting the market penetration strategies
• Adoption of connected storage solutions fostering a new era of digitalized, efficient, and sustainable tank management systems

 

Industrial Fiberglass Tank Market Dynamics

 

Driving Factors: Increasing need for dependable and corrosion-resistant storage solutions is driving growth in the industrial fiberglass tank market

Fiberglass storage tanks store a wide range of liquids and substances, offering a versatile storage solution in various industries, ranging from chemicals to agricultural fertilizers and potable water. They are an excellent choice for corrosion-resistant storage as their composite structure prevents rust and chemical degradation. This makes it ideal for storing solvents, acids, and alkalis without contamination.

 

Restrain Factors: The industrial fiberglass tank market faces challenges due to the increased initial costs and fluctuation in raw material prices

Raw material, including petroleum-based resins, has volatility in its prices due to crude oil cost and geopolitical factors, and supply chain disruption, thereby affecting the overall production cost of fiberglass tanks.

 

Opportunity: Growing industrialization and development of customized solutions are creating new opportunities in the industrial fiberglass tank market

Customization of fiberglass tanks accommodating any size, shape, and configuration to fulfill specific requirements and provide flexibility for a wide range of applications. Industrialization, driving significant demand for fiberglass tanks from rapidly developing economies and infrastructure projects, is escalating the market growth opportunities.

 

Challenges: In the industrial fiberglass tank market, regulatory complexities and competition with alternative materials such as steel and polyethylene are challenging factors.

Regulatory complexities arise due to the need to comply with various standards for chemical resistance, structural integrity, and safety. Competition with low-cost alternative materials like polyethylene, stainless steel, and concrete may hinder fiberglass adoption, thereby challenging the market.

 

Global Industrial Fiberglass Tank Market Ecosystem Analysis

The Global Industrial Fiberglass Tank Market ecosystem includes manufacturers, raw material suppliers, resin producers, and end users, including water & wastewater, chemical processing, oil & gas, and agriculture. Key technologies involve the integration of an IoT-enabled monitoring system and advancements in material composition. Market growth is driven by the increasing need for dependable and corrosion-resistant storage solutions, while high costs and regulatory complexities remain challenges. Opportunities lie in growing industrialization and the development of customized solutions.

 

Global Industrial Fiberglass Tank Market, By Type

The aboveground tanks segment led the industrial fiberglass tank market, generating a significant market share. This dominance can be attributed to the ease of installation and maintenance. Above-ground tanks are extensively used in the oil and gas supply chain for crude oil storage for storing refined petroleum products, and liquified natural gas.

 

The underground tanks segment in the industrial fiberglass tank market is expected to grow at a significant CAGR over the forecast period, driven by the rising need for secure and efficient storage solutions for liquids such as petroleum products, chemicals, and wastewater.

 

Global Industrial Fiberglass Tank Market, By Application

The water & wastewater treatment segment held the largest market share in the industrial fiberglass tank market, as it provides efficient storage solutions in water management systems, including potable water and wastewater. Fiberglass tanks are used in water tanks for drinking water storage, wastewater treatment, irrigation, and other.

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The oil & gas segment in the industrial fiberglass tank market is projected to register the fastest CAGR, driven by the increasing need for durable storage solutions in harsh environments. Oil and gas industries include refineries, offshore and land-based drilling rigs, and gas processing plants.

 

North America is expected to account for the largest share of the industrial fiberglass tank market during the forecast period, driven by the increasing use of fiberglass composite over metals, steel, and concrete-made tanks owing to its increased strength, greater corrosion resistance, and faster manufacturing process. The region’s well-established chemical processing and oil & gas sectors, along with increased investment in industrial infrastructure, are propelling the market.

 

The United States is experiencing steady growth in the Industrial Fiberglass Tank market, fueled by increasing infrastructure investments and industrial projects across manufacturers, deploying fresh capital. With strict environmental regulations, the need for corrosion-resistant storage solutions is driving the market demand.

 

Asia Pacific is expected to grow at a rapid CAGR in the industrial fiberglass tank market during the forecast period. This is attributed to rapid industrialization and infrastructure development across countries like China and India. Further, the increase in smart city projects, along with the need for rainwater harvesting systems driving adoption in urban and semi-urban areas.

 

China is rapidly expanding in the industrial fiberglass tank market, due to the country’s urban infrastructure plan that promotes composite tanks solutions for reducing water loss, ensuring hygienic storage.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the industrial fiberglass tank market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

WORLDWIDE TOP KEY PLAYERS IN THE INDUSTRIAL FIBERGLASS TANK MARKET INCLUDE

• 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
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Product Launches in Industrial Fiberglass Tank

• 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