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The FRP Pipe & Tank research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.

This research analyses niche markets, potential threats, and competitive strategy in various segments based on the FRP Pipe & Tank Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.

Impact of COVID-19 on FRP Pipe & Tank Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key Players:

• Amiantit Fiberglass Industries Limited
• Amiblu Holding GmbH
• Farassan Man. & Ind. Company
• Future Pipe Industries
• Hengrun Group Co. Ltd.
• Kurimoto Ltd.
• Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
• National Oilwell Varco
• Sekisui Chemicals
• WIG Wietersdorfer Holding GmbH
• ZCL Composites Inc.

Growth drivers and Market Value:

This report, from Stratview Research FRP Pipe & Tank Market value and growth drivers over the trend period of 2021-26. According to the report -

Stratview Research believes that the FRP pipes & tanks market is likely to record a V-shaped recovery, with recovery taking place from 2021 onwards, ultimately pushing the market to cross the unprecedented figure of US$ 8.0 billion in 2026.

Segment Analysis:

By Resin Type

Based on the resin type, the market is classified as polyester, vinyl ester, and epoxy. Polyester is likely to remain the most dominant resin type in the market during the forecast period. Polyester resin offers a multitude of advantages including excellent corrosion and chemical resistance and moderate strength at a lower cost; hence, is considered a perennial choice for low-pressure applications. Glass fiber-reinforced epoxy pipes (GRE pipes) have high chemical and corrosion resistance as well as excellent mechanical, physical, and thermal properties. GRE pipes are capable to handle high pressure & temperature and resist corrosion caused by H2S and saltwater, which make them a preferred choice in oil & gas and marine/offshore applications.

By Region

All regions are expected to mark a huge decline in 2020 in the wake of the COVID-19. Asia-Pacific, the demand severely hit by the pandemic, is expected to manage its lead in the global market in the foreseeable future. Also, the region is likely to heal up with the fastest pace in the post-pandemic market scenario. China, India, Malaysia, and Japan are the major markets for FRP pipes & tanks. There has been an incessant shift from traditional materials to FRP pipes & tanks across the region. China is estimated to maintain its huge dominance in the global marketplace in the years to come. India to add consequential growth opportunities in years to come.

Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.

Key Considerations for Market Forecast:

• Impact of lockdown, supply chain disruptions.
• Pre and post-COVID-19 market estimates
• Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

Impact of COVID-19 on the Global Market

The FRP Pipe & Tank report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.

Sneak peek into the Report:

The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market forecast analysis
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends & Key success factors

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The surprising movements in the worldwide business sectors due to the abrupt flare-up of the COVID-19 infection have carried many major and minor quakes to ventures of all sizes including the FRP Pipe and Tank Market.

It was assessed before this unexpected flare-up that the FRP Pipe and Tank Market was relied upon to arrive at US$ 8.0 billion out of 2026. Nonetheless, the steady easing back down of enterprises will without a doubt force limits on the recently assessed development rate.

FRP (fiberglass-fortified plastic) pipe and tanks are created utilizing gums, for example, polyester, vinyl ester, and epoxy strengthened significantly with glass fiber. FRP pipe and tanks are progressively supplanting conventional materials, for example, solid, iron, and plastics since they offer an array of focal points over these materials, for example, lightweight, sturdiness, brilliant erosion opposition, compound obstruction, significant level of solidness, opportunity of plan, and low support and establishment cost.

FRP tanks are being introduced underground just as over-the-ground. Underground FRP tanks are utilized to store oil based goods, for example, store gas, diesel fuel, engine oil, lamp oil, methanol mixes, oxygenated engine energizes, and so on Over-the-ground tanks are utilized to store acids, caustics, and different sorts of solvents. FRP pipes are utilized to move destructive or different materials in destructive conditions. FRP pipe and tanks have a lower relative thickness somewhere in the range of 1.5 and 2. Additionally, they have a fantastic solidarity to-weight proportion, simply 20% to 25% of the heaviness of carbon steel yet give strength like combination steel. FRP has a low warm protecting property, just around 1/100 to 1/1000 of that of customary steel, which implies they adequately keep up the temperature of fluids inside the line or tank.

The pandemic is quickly mercilessly influencing the business conditions of significant business sectors. FRP is the quickest developing classification in the complete lines and tanks family yet couldn't get away from themselves from it and are seeing huge decreases in their interest in all the market portions across locales. A few areas, especially, North America and Europe, are seeing more prominent decreases than Asia-Pacific. In the midst of the continuous emergency, the organizations are working at a lower limit and will scale up its activity after cautiously surveying the course of COVID-19 in the close to term.

To evaluate the effect of the Pandemic in the FRP pipes and tanks market with high veracity, Stratview Research has directed an enormous number of essential meetings across the FRP market esteem chain just as contemplated the effects and recuperations on FRP pipe interest in past plunges. In light of meetings and investigation of past slumps, Stratview Research accepts that the FRP pipes and tanks market is probably going to record a V-molded recuperation, with recuperation occurring from 2021 onwards, eventually pushing the market to cross the uncommon figure of US$ 8.0 billion out of 2026.

In view of the sort, the market is bifurcated into FRP line and FRP tanks. FRP pipe is assessed to keep up its gigantic predominance in the market in the coming five years. FRP pipe is likewise assessed to bounce back at a solid speed in the post-pandemic market situation. FRP tanks additionally represent an impressive portion of the market. There has been an expanding infiltration of FRP in both, pipes just as tanks, over the ages.

In view of the application type, the market is fragmented as oil and gas, synthetic/modern, water/wastewate, and marine and seaward. Compound/modern is probably going to remain the most prevailing application type in the market during the figure time frame. In compound/modern applications, FRP pipe and tanks are progressively turning into the decision of item in a progression of utilizations including petrochemical and treatment facilities, power and desalination plants, fuel taking care of, capacity tanks, and so on Vinyl ester and polyester saps are ideally utilized in the compound/modern application as the two gums have the elevated levels of substance opposition even in the most forceful conditions.

The oil and gas industry portion is likewise expected to enlist the great development in the post-pandemic market situation. FRP pipe and tanks are turning into the indisputable favorite for a wide scope of uses, for example, stream gathering, water infusion, downhole tubing, admirably packaging, and transmission line.

In light of the tar type, the market is delegated polyester, vinyl ester, and epoxy. Polyester is probably going to remain the most predominant gum type in the market during the figure time frame. Polyester sap offers a huge number of favorable circumstances including superb erosion and substance opposition and moderate strength at a lower cost; thus, is viewed as a perpetual decision for low-pressure applications. Glass fiber-fortified epoxy pipes (GRE pipes) have high substance and erosion obstruction just as phenomenal mechanical, physical, and warm properties. GRE pipes are skilled to deal with high pressing factor and temperature and oppose consumption brought about by H2S and saltwater, which settle on them a favored decision in oil and gas and marine/seaward applications.

In view of the assembling cycle type, the market is delegated fiber winding, divergent projecting, hand lay-up, splash lay-up, and others. The fiber winding cycle is probably going to remain the most predominant assembling measure in the market by 2026. Fiber winding is the favored cycle for the creation of FRP pipes, though shower lay-up is the prevailing cycle for manufacturing FRP tanks. The fiber winding cycle permits ceaseless fiber fortification the circumferential way of line where the chief pressure applies, bringing about high performing item advancement at a lower cost. Splash lay-up is the expansion of the hand lay-up strategy where a shower firearm is utilized to shower pressurized tar and hacked fiber on a shape. It is a lot quicker than hand lay-up.

All locales are relied upon to stamp an immense decrease in 2020 in the wake of the COVID-19. Asia-Pacific, the interest seriously hit by the pandemic, is relied upon to deal with its lead in the worldwide market within a reasonable time-frame. Likewise, the district is probably going to mend up with the quickest speed in the post-pandemic market situation. China, India, Malaysia, and Japan are the significant business sectors for FRP pipes and tanks. There has been a relentless move from conventional materials to FRP pipes and tanks across the district. China is assessed to keep up its colossal predominance in the worldwide commercial center in the years to come. India to add significant development openings in years to come.

Central participants:

The inventory network of this market contains crude material providers, FRP Pipe and Tank producers, wholesalers, and end-employments. The central participants in the market are Amiantit Fiberglass Industries Limited, Amiblu Holding GmbH, Farassan Man. and Ind. Organization, Future Pipe Industries, Hengrun Group Co. Ltd., Kurimoto Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., National Oilwell Varco, Sekisui Chemicals, WIG Wietersdorfer Holding GmbH, and ZCL Composites Inc.