Fiber Reinforced Plastic (FRP) Vessels Market Size To Reach USD 5,924.0 Million In 2028 | Rising Demand From Automotive And Oil & Gas Industries Is A Key Factor Driving Market Revenue Growth - Says Reports and Data

2022-05-19 09:38:11 By : Ms. Emma WEI

888-776-0942 from 8 AM - 10 PM ET

NEW YORK , Jan. 19, 2022 /PRNewswire/ -- The global Fiber Reinforced Plastic (FRP) vessels market size is expected to reach USD 5,924.0 Million in 2028 and register a revenue CAGR of 7.7% over the forecast period, according to the latest report by Reports and Data. Increasing adoption of FRP vessels in chemical plants because of many beneficial properties such as the ease of handling and lightweight nature are key factors driving global Fiber Reinforced Plastic (FRP) vessels market revenue growth. Moreover, increasing number of FRP vessel sales in the oil & gas industry is another factor driving market revenue growth. For the storage of various products, the oil & gas industry requires underground storage vessels and tanks.

Request a Sample Report – 

Some Key Highlights From the Report

Ask for Customize Research Report @ 

To identify the key trends in the industry, research study at 

For the purpose of this report, Reports and Data has segmented the global Fiber Reinforced Plastic (FRP) vessels market based on fiber type, resin, distribution channel, application, and region:

Buy Premium Research Report @ 

Explore Trending Research Reports by Reports and Data:

Soil testing equipment market size was USD 3.66 Billion in 2020 and is expected to register a CAGR of 11.2% during the forecast period. Rapid adoption of precision farming solutions, growing need for more efficient farm management practices, and increasing government initiatives and policies to promote soil testing are key factors expected to drive market revenue growth over the forecast period.

Farm equipment rental market size was USD 46.7 Billion in 2020 and is expected to register a CAGR of 7.4% during the forecast period. Growing mechanization trends and increasing demand for different food grains are primary factors fueling market revenue growth.

Air quality monitoring system market size was valued at USD 4.3 billion in 2020 and is expected to register a CAGR of 7% during the forecast period. An air quality management system (AQMS) is an arrangement to measure data regarding weather parameters like wind speed and direction, and concentration of major air pollutants (NOx, SOx, CO2, CO, O3 etc.) and particulate matters on a real-time basis.

Membrane contactor market had a market size of USD 243.2 Million in 2019, and is projected to reach a market size of USD 373.2 Million by 2027, and register a CAGR of 7.9% over the forecast period.

Industrial Automation Motion Control Systems Market is projected to grow at a CAGR of 3.4% from USD 12.67 billion in 2019 to USD 16.68 billion by 2027. Integration of various micro factors such as the greater emphasis on the precision & accuracy, and efficiency in delivering the desired action in industrial applications, rising adoption of the automation in most applications within the industrial premises, increasing advancement in the robotics industry along with its highly efficacious applications, are leveraging the growth of the market.

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

John W Head of Business Development Reports And Data | Web: Direct Line: +1-212-710-1370 E-mail: [email protected] LinkedIn | Twitter | Blogs  Read Latest Press Release @

More news releases in similar topics

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET