Top FRP Vessels Companies

Global FRP Vessels Market size was valued at USD 7.13 Billion in 2024 and is poised to grow from USD 7.71 Billion in 2025 to USD 14.38 Billion by 2033, growing at a CAGR of 8.1% during the forecast period (2026–2033).

The global FRP vessels market is highly competitive, with key players like Haldor Topsoe, Gurit, LyondellBasell Industries, and Hexagon Composite leading the industry. All these companies are product innovation-driven, strategic partnering, and geographical extension. Haldor Topsoe capitalizes on material science expertise for sustainable solutions, whereas Hexagon Composite is light-weight solution-focused for the energy and transportation industries. These are helping to increase their market position and push technological innovation in FRP vessel applications. 'ZCL Composites Inc. (Canada) ', 'Containment Solutions, Inc. (USA) ', 'Enduro Composites, Inc. (USA) ', 'Ershigs, Inc. (USA) ', 'Augusta Fiberglass Coatings, Inc. (USA) ', 'Plas-Tank Industries, Inc. (USA) ', 'NOV Fiber Glass Systems (USA) ', 'Shandong Shuangyi Technology Co., Ltd. (China) ', 'Kompozit Grupp Production (Russia) ', 'Balaji Fiber Reinforced Pvt. Ltd. (India) ', 'Sintex Plastics Technology Limited (India) ', 'Supreme Industries Limited (India) ', 'Toyoda Iron Works Co., Ltd. (Japan) ', 'Showa Denko Materials Co., Ltd. (Japan) ', 'BS Projects (India) ', 'Tecnium S.A. (Spain)'

Increase in industrial activity across industries like chemicals, oil & gas, and water treatment is fueling need for corrosion-resistance storage applications. FRP tanks, due to their remarkable resistance to toxic chemicals and deterioration from the elements, provide an enduring alternative over conventional metal drums, thus lower maintenance costs as well as enhancing safety in severe storage applications.

Rising Demand for Lightweight, Durable FRP Vessels: The global FRP vessels market is experiencing growing demand because of the lightweight, corrosion-resistant, and long-lasting character of the vessels. The vessels are increasingly being utilized in marine and industrial applications, where they withstand harsh conditions, and therefore are very effective for chemical, high-pressure, and extreme environment uses.

As per the global FRP vessels market analysis, North America holds a significant share in the industry, due to robust demand across chemical processing, oil & gas, and water treatment sectors. The focus of the region on corrosion-resistant, lightweight storage options fuels the use of FRP vessels. Improvements in technology, rigorous environmental protection legislation, and investment in renewable infrastructure further propel market expansion. Having primary manufacturers and increasing industrial applications further strengthen North America's demand for FRP vessels.