Lucintel Forecasts the Global FRP Vessel Market to Reach $6.1 billion by 2030
Lucintel Forecasts the Global FRP Vessel Market to Reach $6.1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global FRP vessel market looks promising with opportunities in the water & wastewater, chemical, automotive & transportation, oil & gas, and industrial markets. The global FRP vessel market is expected to reach an estimated $6.1 billion by 2030 from $3.9 billion in 2024, at a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are the increasing need for abundant bandwidth, heightened safety considerations, and the expanding applications of fiber optic connectors, growing applications of FTTH (fiber to the home), and rising prevalence of mobile devices.
A more than 150-page report to understand trends, opportunity and forecast in FRP vessel market to 2030 by resin type (polyester, epoxy, and others), fiber type (glass, carbon, and others), application (water & wastewater, chemical, automotive & transportation, oil & gas, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that engineering plastic will remain the larger segment over the forecast period due to its flexibility, resistance to abrasion, and resistance to chemicals and oils.
Within this market, exterior will remain the largest segment due to the growing adoption of electric vehicles throughout the world.
Download sample by clicking on FRP vessel market
APAC will remain the largest region over the forecast period due to growing concern for lowering carbon footprints and increasing focus on decreasing the overall weight of electric cars.
BASF, DowDuPont, Covestro, Celanese, SABIC, Solvay, LANXESS, LG Chem, Asahi Kasei, Evonik Industries are the major suppliers in the FRP vessel market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Herbal Supplement Market
Ashwagandha Extract Market
Dietary Supplements Market
Digestive Health Market
Digital Food Management Solutions Market
Eye Health Supplements Market