India FRP pipes & tanks market to grow 23.8% by 2015
The estimated growth rate of the India FRP pipes & tanks market has been about 32% (by value) since 2009. It is further anticipated that India FRP pipes & tanks industry would grow at a compound annual growth rate of 23.8% for the period 2010-15
Online, February 19, 2010 (Newswire.com)
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Allele Life Sciences Pvt Ltd has launched a report on "India FRP Pipes and Tanks Market Assessment: Trend, Forecast and Opportunity Analysis (2010-2015)" that offers a comprehensive picture of applications, market size and potential.
The report assesses the commercial potential applications of FRP pipes & tanks in transportation of potable water, sewage, de-salination, offshore oil production, paper and pulp industry, power plant, etc, uses of various matrix and reinforcement and identifies market barriers to entry strategy as well as key market drivers & challenges and profiles market leaders.
According to report, in 2010, India FRP pipes & tanks market is predicted to be positive with revenue growth of 29% and shipment growth 22 %. The FRP pipes & tanks industry in India is expected to have a CAGR of 23.8% for the period 2010-15 and in year 2015 volume shipment would be 201744.0 Metric ton (MT). FRP pipes & tanks retain number one position in India composites market wherein it constitutes 32% of total composite consumption amounting to 56869.2 MT (Metric ton) in fiscal year 2009.
It presents historical market demand data plus future forecasts for 2010 to 2015. The study also considers market environment factors, evaluates company market share and profiles more than 30 industry competitors.
The compelling, analytical, in-depth analysis and comprehensive report is available with Allele Life Sciences Pvt Ltd and for more info you can reach at vivekpatel@allelelifesciences.org