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Aug. 19, 2021, 7:10 a.m. EDT

FRP Tank Market to Experience Rebound in Sales post COVID-19

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Aug 19, 2021 (Market Insight Reports) -- The latest FRP Tank market report provides a comprehensive assessment of the key trends and emerging players showcasing product and service offerings, company profiles, market price, and revenue to better derive the market size. The aim is to provide perspectives on upcoming growth drivers, opinions and facts derived from industry executives with statistically supported and market validated data.

Before buying the entire report, click here for a free sample at


Impact of COVID-19 on FRP 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.

Key Players involve in this research are:

Amiantit Fiberglass Industries Limited

Future Pipe Industries

LF Manufacturing

National Oilwell Varco (Denali Incorporated)

ZCL Composites Inc.

Hengrun Group Co. Ltd.

Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.

Hebei Chengda FRP Co. Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the FRP Tank Market value and growth drivers over the trend period of 2021-26. According to the report -

The COVID-19 outbreak has devastated the global economic growth with a massive plummet in committed infrastructure investments. There has been a sharp fall (-27%) in the demand for water from industrial and commercial users. The FRP tanks market, a small contributor to the entire infrastructure spending, is subjected to log a mammoth decline in the year 2020, crushing the market to below 2015-level. Also, it is anticipated that the market will log a V-shaped curve similar to previous pandemics, such as SARS (2003) and MERS (2015). However, the curve of the V-shape would be deeper than the ones registered in SARS and MERS with huge short-term repercussions. The market for FRP tank is subjected to gradually recover from 2021 onwards and to register an overall long-term CAGR of 4.6% during 2021-2026.

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