Japan Glass Fiber Reinforced Plastic Water Tank Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Japan's Glass Fiber Reinforced Plastic (GFRP) Water Tank Market: Industry Requirements and Applications
In the realm of industrial storage solutions, Japan's market for Glass Fiber Reinforced Plastic (GFRP) water tanks has experienced significant growth. This surge is attributed to the material's exceptional properties, making it indispensable across various sectors.
Key Features Driving GFRP Adoption
Corrosion Resistance: GFRP's inherent resistance to corrosion ensures longevity, especially in environments where traditional materials might deteriorate.
Lightweight and Durable: The material's lightweight nature facilitates easier transportation and installation without compromising structural integrity.
Thermal Insulation: GFRP tanks offer superior thermal insulation, maintaining the desired temperature of stored liquids, which is crucial for certain industrial processes.
Industrial Applications of GFRP Water Tanks
The versatility of GFRP water tanks has led to their widespread adoption in several industries:
Water and Wastewater Management: Municipalities and private entities utilize GFRP tanks for potable water storage and wastewater treatment processes, benefiting from their durability and resistance to chemical treatments.
Oil and Gas Sector: GFRP tanks are employed for storing fuels and managing flowback water, owing to their resistance to corrosive substances inherent in these industries.
Agriculture: Farmers and agribusinesses use GFRP tanks for storing fertilizers, pesticides, and irrigation water, taking advantage of their corrosion resistance and durability.
Food and Beverage Industry: The hygienic properties of GFRP make it suitable for storing consumable liquids, ensuring compliance with safety standards.
Pharmaceuticals: GFRP tanks are ideal for storing pure water and sensitive chemicals, maintaining the purity required in pharmaceutical manufacturing.
Leading Manufacturers and Innovations
Japan hosts several prominent manufacturers specializing in GFRP water tanks:
Mitsubishi Chemical Infratec Co., Ltd.: As a pioneer since 1962, they produce the "HISHI™" GFRP water tanks, known for their innovative designs and global presence in over 20 countries. Their modular tanks are designed for easy assembly and seismic resilience, catering to Japan's earthquake-prone environment.
Iwatani Corporation: Their subsidiary, Iwatani Techno Co., Ltd., manufactures FRP tanks renowned for outstanding corrosion resistance and temperature retention. These tanks are recyclable, aligning with eco-friendly initiatives, and serve sectors like hospitals, research organizations, chemical manufacturers, and food producers.
Market Trends and Future Outlook
The GFRP market in Japan is on an upward trajectory. The recycling segment, in particular, has seen notable growth. In 2023, the fiber-reinforced plastic (FRP) recycling market in Japan generated a revenue of USD 16.3 million and is projected to reach USD 27.5 million by 2030, with a compound annual growth rate (CAGR) of 7.7%. Notably, the Glass-Fiber Reinforced Plastic segment is expected to register the fastest growth during this period.
Conclusion
Japan's GFRP water tank market is thriving, driven by the material's superior properties and the diverse requirements of various industries. As technological advancements continue and industries prioritize sustainable and efficient storage solutions, the demand for GFRP water tanks is poised for sustained growth.
Get an In-Depth Research Analysis of the Japan Glass Fiber Reinforced Plastic Water Tank Market Size And Forecast [2025-2032]
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Belco
Design Tanks
Augusta Fiberglass (AFC)
Belding Tank
Ventura Fibre
FRP Manufacturing
BSF FRP Industries
Kshama Agro Industries
Balaji Fibre Glass
SSK Fibre
Dakle
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Glass Fiber Reinforced Plastic Water Tank Market
Vertical Tanks
Horizontal Tanks
Underground Tanks
Above Ground Tanks
Less than 500 Liters
500 to 1000 Liters
1000 to 5000 Liters
Above 5000 Liters
Residential
Commercial
Industrial
Agricultural
Municipal
Polyester Resin
Vinyl Ester Resin
Epoxy Resin
Other Reinforcement Materials
Construction
Water Treatment
Agriculture
Automotive
Marine
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Glass Fiber Reinforced Plastic Water Tank Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Glass Fiber Reinforced Plastic Water Tank Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Glass Fiber Reinforced Plastic Water Tank Market, By Type
6. Japan Glass Fiber Reinforced Plastic Water Tank Market, By Application
7. Japan Glass Fiber Reinforced Plastic Water Tank Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Glass Fiber Reinforced Plastic Water Tank Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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