Lucintel Anticipates Chinese FRP Tank Industry to Reach $816.2 Million by 2019

Opportunities in Chinese FRP Tank Industry 2013-2018: Customers, Competitors, and Market Analysis

May 02, 2014, 10:00 ET from Lucintel

IRVING, Texas, May 2, 2014 /PRNewswire-iReach/ -- Chinese FRP tank industry is expected to reach an estimated $816.2 million by 2019. The major drivers of Chinese FRP tank industry are expansion of the chemical sector, development of water infrastructure projects, and increasing awareness on rain water harvesting. Growing demand from oil refineries, establishment of oil terminals, and increasing retail fuel stations also boost Chinese FRP tank industry. Players such as Hengrun Group Co. Ltd., Haohua Zhongyi GFRP Co. Ltd. have manufactured FRP tanks for new application areas such as aquaculture, food processing plants, and diary operations.

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Lucintel, a leading global management consulting and market research firm, has analyzed the Chinese FRP tank industry by segments and has come up with a comprehensive research report "Opportunities in Chinese FRP Tank Industry 2013-2018: Customers, Competitors, and Market Analysis." This report provides an analysis of Chinese FRP tank market including an analysis of market trend, competitive landscape, company profiles, emerging trend, and key drivers of industry growth.  The study also includes forecast for Chinese FRP tank industry through 2018, segmented by end user applications such as water/wastewater, septic, pulp and paper, chemical, petroleum, agriculture/aquaculture, and others.

On the basis of its comprehensive research, Lucintel forecasts that majority of the market application for FRP tank industry will grow moderately in 2013-2018. FRP tank in chemical application will experience a healthy growth due to development in China's basic chemical industry, and change in bulk liquid chemical trade flow. Development of socioeconomic environment, government initiative towards water security by developing water infrastructure projects, and establishment of water desalination plants will further drive the Chinese FRP tank market.

This 96-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit . You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting,  M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit

Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056,

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SOURCE Lucintel