FRP Vessels Market Insights
Market Overview:
The rising adoption of FRP vessels in chemical plants owing to their beneficial properties such as lightweight, easy to handle, can be customized easily depending upon customer requirement, and simple installation process is the factors anticipating the FRP vessels’ market growth. In addition, the key market trend in the global market is the growing need for municipal wastewater treatment and the rising number of portable water treatment plants. On the contrary, to performance degradation under the influence of UV rays, FRP has low elastic modulus, thus, vessels made up of FRP lack rigidity, have poor long-term temperature resistance, and these vessels are susceptible. In the coming years, the factors expected to boost the FRP vessels market are the government’s inclination towards the adoption of clean fuel and improving the market of natural and fuel cell electric vehicles. The demand for FRP vessels is fuelled up due to the growing application range of FRP vessels in different sectors such as in medical for gas contamination and in tanks used in scuba.
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