Fiberglass Tanks Market Size, Share, Growth, Segment, Trends, Developing Technologies, Investment Opportunities, Revenue and Forecast
The factors such as change in consumer preferences among processing industries from steel and concrete storage tanks to fiberglass storage tanks are the root cause fueling up the fiberglass tanks market growth rate. Increase in awareness about fiberglass storage tanks among the users especially regarding its high structural reliability, high corrosion resistance properties, less weight, less installation costs and low price which increases its demand for aboveground storage tanks in chemical, petroleum and wastewater industries is other indirect determinant which will also foster the fiberglass tanks market growth rate. However, availability of alternatives such as concrete, plastic and steel is expected to derail growth of the fiberglass tanks market.
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