FRP Vessels Market Size and Share

FRP Vessels Market Summary
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FRP Vessels Market Analysis by Mordor Intelligence

The FRP Vessels Market size is estimated at USD 4.12 billion in 2025, and is expected to reach USD 6.02 billion by 2030, at a CAGR of 7.88% during the forecast period (2025-2030). Near-term demand pivots on hydrogen storage rollouts, medium-pressure water treatment retrofits, and stricter corrosion-control rules that disfavor bare steel. Lightweight composite tanks reduce installed weight by as much as 75% and deliver longer service life in brine, acid, and saline gas streams, driving rapid substitution in chemical, power, and mobility infrastructure. Supply chain resilience, Asian scale economics, and filament-winding automation continue to trim unit costs, reinforcing the attractiveness of the FRP vessels market across public-sector utilities and private energy developers. Mid-decade capital programs for desalination, low-carbon ammonia, and fuel-cell transit fleets expand the customer base, while tightening landfill rules pressure buyers to favor vessels with longer replacement cycles and lower total cost of ownership.

Key Report Takeaways

  • By vessel type, tanks held 42.23% revenue share of the FRP vessels market in 2024. Reactors are projected to expand at an 8.23% CAGR through 2030.
  • By pressure classification, medium-pressure vessels led with 46.67% of the FRP vessels market share in 2024, whereas high-pressure products are forecast to advance at an 8.56% CAGR.
  • By fiber type, glass fiber accounted for 65.56% share of the FRP vessels market size in 2024; carbon fiber is set to grow at an 8.12% CAGR.
  • By application, water and wastewater treatment captured 35.67% of the FRP vessels market size in 2024, while hydrogen and alternative-fuel storage are rising at an 8.65% CAGR.
  • By end-user, industrial chemicals commanded a 34.12% share in 2024, and the power and energy segment is on track for an 8.89% CAGR.
  • By geography, Asia-Pacific dominated with 45.56% share in 2024 and is pacing the field at a 9.01% CAGR.

Segment Analysis

By Vessel Type: Tanks Lead While Reactors Accelerate

Tanks account for 42.23% of the FRP vessels market share in 2024 because utilities, refiners, and agribusinesses rely on large-volume storage for brine, ethanol, and acids. Standardized diameters and nozzling patterns support batch production, compressing unit costs and reinforcing tank dominance. The FRP vessels market size tied to reactors, however, is set to climb at an 8.23% CAGR as green hydrogen, low-carbon ammonia, and specialty polymer syntheses demand pressure reactors with superior chemical resistance. Manufacturers respond with multi-axis filament winding that places fiber in principal stress directions, lowering wall thickness and resin content. Pipes remain a sizeable adjunct, particularly in spoolable flowline packages for offshore FPSO tie-backs where composites yield fast reel-lay installation. Columns fill niche distillation duties, but their adoption rises in acid-gas removal units where metallic trays corrode rapidly.

In mature economies, replacement cycles favor composite liners retrofitted into legacy shells, but new builds in APAC increasingly specify all-composite vessels to avoid double handling. The transition is most visible in mainland China’s coastal chemical parks, many of which mandate FRP for chlorine, hypochlorite, and caustic soda service to reduce environmental incidents.

FRP Vessels Market: Market Share by Vessel Type
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By Pressure Classification: Medium-Pressure Dominates, High-Pressure Surges

Medium-pressure units (10-150 bar) hold 46.67% share because they match the operating envelope of reverse-osmosis and bulk chemical feed systems. Fiberglass windings over polyethylene or polyamide liners provide cost-effective containment for chlorinated streams, propelling volume in the midrange. Demand at the upper end of the spectrum is accelerating; high-pressure vessels above 300 bar are projected to log an 8.56% CAGR through 2030 as mobility-grade hydrogen storage requires 700 bar ratings. The FRP vessels market size for high-pressure service benefits from Type 4 designs that embed carbon fiber, raising strain energy without metal liners. Investments in fuel-cell bus and truck fleets in the United States and Europe pull demand forward, while pilot marine bunkering stations in Japan and Singapore signal future coastal uptake. Low-pressure barrels for atmospheric waste holding will persist but lose share to polyolefin tanks in benign duty cycles.

By Fiber Type: Glass Fiber Foundation, Carbon Fiber Innovation

Glass fiber maintains a commanding 65.56% share because E-glass rovings pair low cost with adequate strength for water, brine, and fertilizer service. Price stability and abundant capacity underpin predictable tender pricing, which appeals to public-sector buyers. Carbon fiber’s superior modulus-to-weight ratio drives its 8.12% CAGR, concentrated in advanced energy and aerospace ground-support equipment. Carbon-epoxy lay-ups cut tare mass on mobile tube trailers, allowing higher gas payload without axle penalties, a key selling point for renewable natural-gas logistics fleets in North America. Aramid fibers remain a specialty option for impact-prone mining and defense containers. Hybrid architectures that blend carbon hoop wraps with glass axial layers optimize cost while meeting burst-pressure targets, a trend likely to spread as linerless Type V prototypes exit research and development. 

By Application: Water Treatment Leads, Hydrogen Storage Accelerates

Municipal and industrial water treatment represents 35.67% of the total 2024 demand because aging concrete and steel infrastructure in the United States, China, and India requires retrofits resistant to chlorides and microbiological attack. FRP pressure housings underpin the high-recovery RO trains scheduled for deployment in California, Abu Dhabi, and Singapore. Hydrogen and alternative fuels storage is the fastest-moving application at an 8.65% CAGR as national road maps channel subsidies into fueling corridors and backup power banks. Chemical processing holds resilient volume, but product slate shifts toward bio-based intermediates and low-carbon ammonia, both corrosive streams that justify composite containment. Food and beverage producers add composite blending tanks for soft-drink syrups and beer mashing because non-reactive resins simplify cleaning validation. Power-generation desalination hybrids, especially in island grids, adopt composite feedwater vessels to cope with thermal cycles tied to intermittent renewable inputs.

By End-user Industry: Industrial Chemicals Lead, Power, and Energy Accelerates

Industrial chemical complexes own 34.12% of the 2024 demand, reflecting persistent capital spend on capacity additions and replacements. Operators value FRP for sulfuric acid, phosphoric acid, and chlor-alkali duties where downtime costs dwarf incremental vessel expense. The power and energy cohort, however, shows the sharpest trajectory at an 8.89% CAGR, riding grid-level hydrogen storage, battery recycling, and concentrated solar-thermal projects that require corrosion-resistant salt storage. Oil, gas, and petrochemicals remain a large but mature segment; offshore flowline and ballast upgrades keep FRP demand intact even as investment tilts toward gas over oil. Water utilities, both public and private, commit to composites for long-life clarifiers and sludge thickeners, aligning asset-management plans with 50-year horizons. Food and beverage processors expand slowly yet steadily, adding composite vessels for CIP-friendly, non-stick interiors that speed sanitation changeovers.

FRP Vessels Market: Market Share by End-user Industry
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Geography Analysis

Asia-Pacific controls 45.56% of global revenue in 2024, underpinned by China’s aggressive wastewater upgrade mandates and its dominance in glass-fiber and resin production. Local shipyards have launched 39 m fiberglass trawlers that cut fuel use by 35% compared with steel, demonstrating domestic confidence in large composite structures and further validating the FRP vessels market. Provincial subsidies favor material substitution that slashes lifecycle emissions, fueling a positive feedback loop between local demand and supply chain depth. India follows with national schemes targeting household sewage treatment, opening volume for standardized FRP biogas digesters.

North America retains technology leadership through high-pressure carbon-fiber tank qualifications for trucking and aerospace ground support. Federal hydrogen-hub grants stimulate early fleet orders, and California’s tight fugitive-methane rules push dairy digesters toward composite gas holders. Water utilities across the Western United States replace aging chlorination contact tanks with composite alternates to curb leakage and seismic risk, keeping procurement robust.

Europe posts steady expansion as Fit-for-55 directives compel electrolysis and green-ammonia investments that specify composite reactors and storage drums. Germany and the Netherlands roll out heavy-duty hydrogen corridor projects, while Spain’s desalination fleet upgrades to glass-fiber pressure housings to cope with higher salinity from drought-driven intakes. The region also leads in recycling research and development, piloting solvolysis routes for end-of-life blade and vessel scrap.

FRP Vessels Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The FRP vessels market exhibits high consolidation. Future Pipe Industries leverages a vertically integrated glass-fiber supply and maintains strong positions in GCC desalination and U.S. shale water management. Technology differentiation is intensifying. Vendors adopt laser-assisted tow-placement and robotic sanding to boost throughput and cut labor ratios. Capital deployment favors capacity in Southeast Asia, where lower electricity tariffs and proximity to resin crackers shrink conversion costs. Niche entrants pursue bio-based resin matrices and microalgae-derived carbon fiber, positioning for tightening EU lifecycle rules.

FRP Vessels Industry Leaders

  1. Future Pipe Industries

  2. Hexagon Composites ASA

  3. NOV

  4. Plasticon Composites

  5. Shawcor

  6. *Disclaimer: Major Players sorted in no particular order
FRP Vessels Market Concentration
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Recent Industry Developments

  • December 2022: Steelhead Composites announced that it had received ASME Certification for Fiber-Reinforced Plastic Pressure Vessels (FRPs) for compressed hydrogen storage.
  • August 2022: Hexagon successfully completed 40 percent acquisition of Cryoshelter - a company engaged in the manufacturing of various FRP vessels.

Table of Contents for FRP Vessels Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Adoption of Lightweight, Corrosion-Resistant Materials
    • 4.2.2 Rising Demand from Water and Wastewater Treatment Utilities
    • 4.2.3 Expansion Of Chemical and Petrochemical Processing Capacity
    • 4.2.4 Growth In Renewable Energy and Desalination Projects
    • 4.2.5 Accelerating Hydrogen Storage Deployment for Fuel-Cell Mobility
  • 4.3 Market Restraints
    • 4.3.1 High Initial Capital and Installation Costs
    • 4.3.2 Limited Recyclability and End-of-Life Pathways
    • 4.3.3 Skilled-Labor Shortages in Large-Scale Filament Winding
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Vessel Type
    • 5.1.1 Colums
    • 5.1.2 Pipes
    • 5.1.3 Reactors
    • 5.1.4 Tanks
  • 5.2 By Pressure Classification
    • 5.2.1 High Pressure
    • 5.2.2 Low Pressure
    • 5.2.3 Medium Pressure
  • 5.3 By Fiber Type
    • 5.3.1 Glass Fiber
    • 5.3.2 Carbon Fiber
    • 5.3.3 Aramid Fiber
    • 5.3.4 Hybrid Fiber (Glass-Carbon, Glass-Basalt)
  • 5.4 By Application
    • 5.4.1 Water and Wastewater Treatment
    • 5.4.2 Chemical Processing and Storage
    • 5.4.3 Oil, Gas and Petrochemical Upstream
    • 5.4.4 Food and Beverage Processing
    • 5.4.5 Power Generation and Desalination
    • 5.4.6 Hydrogen and Alternative Fuels Storage
    • 5.4.7 Pharmaceutical and Biotech Fluids
  • 5.5 By End-user Industry
    • 5.5.1 Industrial and Chemical
    • 5.5.2 Oil, Gas, and Petrochemicals
    • 5.5.3 Municipal and Private Water Utilities
    • 5.5.4 Power and Energy
    • 5.5.5 Food and Beverage
    • 5.5.6 Others (Pulp and Paper, Mining, Pharma)
  • 5.6 By Geography
    • 5.6.1 Asia-Pacific
    • 5.6.1.1 China
    • 5.6.1.2 India
    • 5.6.1.3 Japan
    • 5.6.1.4 South Korea
    • 5.6.1.5 Australia and New Zealand
    • 5.6.1.6 ASEAN Countries
    • 5.6.1.7 Rest of Asia-Pacific
    • 5.6.2 North America
    • 5.6.2.1 United States
    • 5.6.2.2 Canada
    • 5.6.2.3 Mexico
    • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Spain
    • 5.6.3.6 Russia
    • 5.6.3.7 Rest of Europe
    • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Rest of South America
    • 5.6.5 Middle-East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 United Arab Emirates
    • 5.6.5.3 Turkey
    • 5.6.5.4 South Africa
    • 5.6.5.5 Egypt
    • 5.6.5.6 Nigeria
    • 5.6.5.7 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)**/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 AGY Holding Corp.
    • 6.4.2 BSL Composites
    • 6.4.3 Composite Technology Development Inc.
    • 6.4.4 Creative Composites Group
    • 6.4.5 Faber Italy
    • 6.4.6 Focus Technology Co., Ltd
    • 6.4.7 Future Pipe Industries
    • 6.4.8 Hexagon Composites ASA
    • 6.4.9 Jiangsu Jiuding New Material Co., Ltd.
    • 6.4.10 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
    • 6.4.11 NOV
    • 6.4.12 Owens Corning
    • 6.4.13 Plasticon Composites
    • 6.4.14 RPS Composites
    • 6.4.15 Shawcor
    • 6.4.16 Steelhead Composites, Inc.
    • 6.4.17 Tank Holding Corp.
    • 6.4.18 Worthington Industries

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-need Assessment
  • 7.2 Emerging hybrid and multilayer FRP vessel technologies
  • 7.3 Desalination, renewable energy and hydrogen storage growth pockets
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Global FRP Vessels Market Report Scope

By Vessel Type
Colums
Pipes
Reactors
Tanks
By Pressure Classification
High Pressure
Low Pressure
Medium Pressure
By Fiber Type
Glass Fiber
Carbon Fiber
Aramid Fiber
Hybrid Fiber (Glass-Carbon, Glass-Basalt)
By Application
Water and Wastewater Treatment
Chemical Processing and Storage
Oil, Gas and Petrochemical Upstream
Food and Beverage Processing
Power Generation and Desalination
Hydrogen and Alternative Fuels Storage
Pharmaceutical and Biotech Fluids
By End-user Industry
Industrial and Chemical
Oil, Gas, and Petrochemicals
Municipal and Private Water Utilities
Power and Energy
Food and Beverage
Others (Pulp and Paper, Mining, Pharma)
By Geography
Asia-Pacific China
India
Japan
South Korea
Australia and New Zealand
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
Turkey
South Africa
Egypt
Nigeria
Rest of Middle-East and Africa
By Vessel Type Colums
Pipes
Reactors
Tanks
By Pressure Classification High Pressure
Low Pressure
Medium Pressure
By Fiber Type Glass Fiber
Carbon Fiber
Aramid Fiber
Hybrid Fiber (Glass-Carbon, Glass-Basalt)
By Application Water and Wastewater Treatment
Chemical Processing and Storage
Oil, Gas and Petrochemical Upstream
Food and Beverage Processing
Power Generation and Desalination
Hydrogen and Alternative Fuels Storage
Pharmaceutical and Biotech Fluids
By End-user Industry Industrial and Chemical
Oil, Gas, and Petrochemicals
Municipal and Private Water Utilities
Power and Energy
Food and Beverage
Others (Pulp and Paper, Mining, Pharma)
By Geography Asia-Pacific China
India
Japan
South Korea
Australia and New Zealand
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
Turkey
South Africa
Egypt
Nigeria
Rest of Middle-East and Africa
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Key Questions Answered in the Report

How fast is the FRP vessels market expected to grow between 2025 and 2030?

The market is projected to expand from USD 4.12 billion in 2025 to USD 6.02 billion in 2030 at a 7.88% CAGR.

Which region contributes the largest revenue to FRP vessel demand?

Asia-Pacific provided 45.56% of global revenue in 2024 and is forecast to record the fastest 9.01% CAGR through 2030.

What is driving the shift toward high-pressure composite cylinders?

The build-out of 700 bar hydrogen fueling infrastructure for buses, trucks, and backup power systems is accelerating demand for high-pressure Type 4 carbon-fiber vessels.

Why do water utilities prefer FRP over steel for new RO trains?

FRP housings resist chloride corrosion, tolerate cyclic pressure, and reduce maintenance downtime, supporting lower lifecycle cost despite higher upfront pricing.

Which fiber type leads the market and why?

Glass fiber holds roughly two-thirds of 2024 revenue because it delivers adequate strength at the lowest cost for most water, chemical, and brine applications.

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