FRP Vessels Market Size and Share
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.
Global FRP Vessels Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Adoption of lightweight, corrosion-resistant materials | +2.1% | Global, with APAC and North America leading | Medium term (2-4 years) |
| Rising demand from water and wastewater treatment utilities | +1.8% | Global, concentrated in APAC and North America | Long term (≥ 4 years) |
| Expansion of chemical and petrochemical processing capacity | +1.5% | APAC core, spill-over to MEA | Medium term (2-4 years) |
| Growth in renewable energy and desalination projects | +1.3% | Global, with Middle East and APAC focus | Long term (≥ 4 years) |
| Accelerating hydrogen storage deployment for fuel-cell mobility | +0.9% | North America and EU, expanding to APAC | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Adoption of Lightweight, Corrosion-Resistant Materials
Composite pressure vessels displace metallic designs by cutting structural weight by up to three-quarters while matching or exceeding burst strength. This weight advantage matters in offshore topsides, modular chemical skids, and mobile pipeline trailers where every kilogram adds transport cost or reduces payload. Modern filament-winding lines deliver consistent fiber tension and resin wet-out, enabling repeatable performance certifications and driving down per-unit conversion costs at scale. Buyers also value the customizable resin systems that tailor chemical resistance to acids, chlorides, or amines without sacrificing strength, broadening the usable envelope across multiple industries. As resin formulators commercialize faster-curing chemistries, vessel throughput rises, shortening lead times and loosening supply bottlenecks that previously limited composite adoption.
Rising Demand from Water and Wastewater Treatment Utilities
Large municipal utilities are replacing aging steel clarifiers and concrete aeration basins with filament-wound FRP pressure shells to meet new contaminant removal limits and extend service life. San Francisco’s USD 4.8 billion Water System Improvement Program reached 98.9% completion in 2024, and the upgraded network includes extensive composite tanks and pipe headers to reduce maintenance outages through 2030[1]San Francisco Public Utilities Commission, “FY 2023-24 WSIP Annual Report,” sfpuc.gov. Reverse-osmosis trains benefit in particular because FRP housings maintain hoop strength under cyclic pressurization yet resist chloride pitting, a persistent cause of stainless-steel failure. Bond issuances such as New York City’s USD 1.36 billion water-system offering in 2024 signal that capital for corrosion-resistant infrastructure will remain available, channeling long-run volume into the FRP vessels market.
Expansion of Chemical and Petrochemical Processing Capacity
Asia-Pacific continues to add olefins, nitrile, and ammonia capacity, each requiring scores of scrubbers, absorbers, and reactors built for aggressive chemistries. Technip Energies reported that 40% of its H1 2025 order intake targets decarbonization projects, including a 1.4 million tons/year low-carbon ammonia complex that specifies multiple composite reactors and intermediate storage units. Process licensors value FRP internals because they maintain dimensional stability at elevated temperatures and resist the acid gases formed during catalytic reforming, cutting unplanned downtime tied to corrosion repairs. As financing costs ease, small and mid-sized chemical makers accelerate brownfield debottlenecking, often turning to composite retrofits that fit within existing foundations and piping corridors.
Growth in Renewable Energy and Desalination Projects
Hybrid solar-RO desalination plants in the Middle East now combine photovoltaic fields with hydrogen-linked storage to achieve near-continuous uptime. Recent lab work has pushed solar-to-hydrogen conversion to 12.6%, setting the stage for USD 1 per kg hydrogen costs over a 15-year plant life[2]Royal Society of Chemistry, “Over 12% Efficiency Solar-Powered Green Hydrogen Production from Seawater,” rsc.org . FRP housings tolerate the thermal cycling and intermittent loading intrinsic to solar-linked operations, whereas metallic shells suffer fatigue cracking. Large projects in Saudi Arabia and the United Arab Emirates plan to integrate hundreds of high-pressure composite vessels rated to 80 bar, underpinning a multi-year pull for carbon-fiber liners that meet stringent weight limits on elevated rack systems.
Restraint Impact Analysis
| Restraints | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High initial capital and installation costs | -1.2% | Global, particularly affecting emerging markets | Short term (≤ 2 years) |
| Limited recyclability and end-of-life pathways | -0.8% | North America and EU, expanding globally | Long term (≥ 4 years) |
| Skilled-labor shortages in large-scale filament winding | -0.6% | Global, with acute impact in North America and EU | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
High Initial Capital and Installation Costs
Composite vessels often price 20%-40% above comparable carbon-steel units, challenging budget-constrained water districts and smaller industrial operators. The premium widens when custom diameters, exotic liners, or elevated pressure ratings are specified, because tooling amortization spreads across modest production runs. Although leasing programs and outcome-based contracting reduce up-front outlay, the incremental cost still slows orders in lower-income regions. As glass-fiber prices flatten and winding lines reach higher automation levels, the differential is narrowing, but a material cost gap will persist into the forecast period.
Limited Recyclability and End-of-Life Pathways
Most FRP vessels use thermoset matrices that cannot be re-melted, and mechanical shredding degrades fiber modulus, limiting reuse to filler or cement clinker feedstock. Governments in the European Union increasingly require end-of-life documentation for large composite structures, adding compliance paperwork and potential disposal fees. Industry consortia are piloting pyrolysis and supercritical-fluid recycling, yet energy intensity and logistics hurdles weigh on scale-up economics. Buyers must therefore plan for decades-long service life or document circular-economy strategies to satisfy environmental audits, adding complexity to procurement.
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.
Note: Segment shares of all individual segments available upon report purchase
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.
Note: Segment shares of all individual segments available upon report purchase
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.
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
-
Future Pipe Industries
-
Hexagon Composites ASA
-
NOV
-
Plasticon Composites
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Shawcor
- *Disclaimer: Major Players sorted in no particular order
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.
Global FRP Vessels Market Report Scope
| Colums |
| Pipes |
| Reactors |
| Tanks |
| High Pressure |
| Low Pressure |
| Medium Pressure |
| Glass Fiber |
| Carbon Fiber |
| Aramid Fiber |
| Hybrid Fiber (Glass-Carbon, Glass-Basalt) |
| 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 |
| Industrial and Chemical |
| Oil, Gas, and Petrochemicals |
| Municipal and Private Water Utilities |
| Power and Energy |
| Food and Beverage |
| Others (Pulp and Paper, Mining, Pharma) |
| 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 | ||
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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