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.
- 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.
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.
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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