According to report, India FRP Pipes and Tanks Market Assessment: Trend, Forecast and Opportunity Analysis (2010-2015), in 2010, the market is predicted to demonstrate revenue growth of 29% and shipment growth 22%.

By 2015 the volume of shipments will be 201 744 tonnes, says Allele Life Sciences, and fibre reinforced plastic (FRP) pipes and tanks will retain the number one position in the Indian composites market. This sector accounted for 32% of total composites consumption in fiscal year 2009, amounting to 56 869.2 tonnes.

The report assesses the commercial applications of FRP pipes and tanks in India in the transportation of potable water, sewage, de-salination, offshore oil production, paper and pulp industry, and power plant, etc, and identifies market barriers, key market drivers and challenges, and market leaders.