According to our (Global Info Research) latest study, the global FRP (Fiberglass-reinforced Plastic) Tanks market size was valued at US$ 2537 million in 2024 and is forecast to a readjusted size of USD 3868 million by 2031 with a CAGR of 6.3% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
FRP (Fiberglass-reinforced Plastic) tanks are made from fiberglass-reinforced plastic. This is a composite material that combines the high strength of glass with the chemical inertness and increased durability of plastic. FRP tanks are known for their ability to withstand harsh environments and corrosive chemicals.
Lack of demand for these storage tanks from end-use industries such as oil & gas and chemicals has negatively impacted the market expansion.
This report is a detailed and comprehensive analysis for global FRP (Fiberglass-reinforced Plastic) Tanks market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global FRP (Fiberglass-reinforced Plastic) Tanks market size and forecasts, in consumption value ($ Million), sales quantity (K Cubic Meter), and average selling prices (US$/Cubic Meter), 2020-2031
Global FRP (Fiberglass-reinforced Plastic) Tanks market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Cubic Meter), and average selling prices (US$/Cubic Meter), 2020-2031
Global FRP (Fiberglass-reinforced Plastic) Tanks market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Cubic Meter), and average selling prices (US$/Cubic Meter), 2020-2031
Global FRP (Fiberglass-reinforced Plastic) Tanks market shares of main players, shipments in revenue ($ Million), sales quantity (K Cubic Meter), and ASP (US$/Cubic Meter), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for FRP (Fiberglass-reinforced Plastic) Tanks
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global FRP (Fiberglass-reinforced Plastic) Tanks market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Xerxes Corporation, LF Manufacturing, Containment Solutions, Palmer Manufacturing & Tank Inc., Red Ewald, GSC Tank, Marjan Factory Company, Karmod, NOV, Augusta Fiberglass, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
FRP (Fiberglass-reinforced Plastic) Tanks market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Vertical Tank
Horizontal Tank
Market segment by Application
Chemical Industry
Oil & Gas
Pharmaceutical
Food Industry
Water and Wastewater Treatment
Others
Major players covered
Xerxes Corporation
LF Manufacturing
Containment Solutions
Palmer Manufacturing & Tank Inc.
Red Ewald
GSC Tank
Marjan Factory Company
Karmod
NOV
Augusta Fiberglass
Granby Industries
Fiberglass Tank Solutions
Jiangsu AMER New Material
Guantai Enviroment
Jin Tai Bo Li Gang
JIZHOU ZHONGYI FRP
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe FRP (Fiberglass-reinforced Plastic) Tanks product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of FRP (Fiberglass-reinforced Plastic) Tanks, with price, sales quantity, revenue, and global market share of FRP (Fiberglass-reinforced Plastic) Tanks from 2020 to 2025.
Chapter 3, the FRP (Fiberglass-reinforced Plastic) Tanks competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the FRP (Fiberglass-reinforced Plastic) Tanks breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and FRP (Fiberglass-reinforced Plastic) Tanks market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of FRP (Fiberglass-reinforced Plastic) Tanks.
Chapter 14 and 15, to describe FRP (Fiberglass-reinforced Plastic) Tanks sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on FRP (Fiberglass-reinforced Plastic) Tanks. Industry analysis & Market Report on FRP (Fiberglass-reinforced Plastic) Tanks is a syndicated market report, published as Global FRP (Fiberglass-reinforced Plastic) Tanks Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of FRP (Fiberglass-reinforced Plastic) Tanks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.