The Global FRP (Fiberglass-Reinforced Plastic) Tanks Market was valued at USD 2,379 Million in 2024 and is projected to reach USD 4,157.85 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.40% during the forecast period (2024–2032). This growth is being driven by rising industrial demands for corrosion-resistant storage, expanding applications in water treatment and chemical processing, and the shift toward lightweight, eco-friendly materials in sectors like oil & gas and pharmaceuticals.
As industries increasingly prioritize durability, sustainability, and efficiency in storage solutions, the focus turns to leading manufacturers innovating with advanced composites. In this blog, we profile the Top 10 Companies in the FRP Tanks Industry—a blend of established fabricators, global suppliers, and pioneers in custom composite tanks shaping the future of reliable containment systems worldwide.
🔟 1. Xerxes Corporation
Headquarters: Minneapolis, Minnesota, USA
Key Offering: Underground and aboveground FRP tanks, custom vertical and horizontal designs
Xerxes Corporation stands as a veteran in the FRP tank sector, providing robust storage solutions for petroleum, chemicals, and water since 1969. Their products are engineered for superior corrosion resistance, serving utilities, industrial sites, and environmental projects across North America and beyond. Because of their emphasis on seamless integration into existing infrastructure, Xerxes has become a go-to choice for long-term reliability in demanding environments. Furthermore, their commitment to quality ensures that each tank meets rigorous industry standards, reducing operational risks for clients in diverse sectors.
Sustainability Initiatives:
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Advanced filament winding techniques for enhanced structural integrity and reduced material use
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Customizable linings for aggressive chemical storage to minimize environmental impact
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Commitment to NSF/ANSI 61 certification for potable water applications, promoting safe and sustainable water management
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9️⃣ 2. Containment Solutions, Inc.
Headquarters: Conroe, Texas, USA
Key Offering: Fiberglass underground storage tanks, double-wall FRP systems
Containment Solutions excels in manufacturing high-performance FRP tanks tailored for fuel and chemical storage, with a portfolio that includes innovative double-wall designs to prevent leaks and ensure environmental compliance. Operating primarily in the energy and industrial markets, the company has built a reputation for reliability in harsh conditions. This is evident in their support for thousands of installations globally, where durability meets regulatory needs. However, what sets them apart is their focus on proactive safety features that protect both the environment and end-users over the tank’s lifecycle.
Sustainability Initiatives:
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Integrated monitoring systems for real-time leak detection, enhancing environmental protection
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Expansion into renewable energy storage solutions, aligning with global green energy transitions
8️⃣ 3. Palmer of Texas
Headquarters: Lake Charles, Louisiana, USA
Key Offering: Custom FRP tanks for oil & gas, chemical vertical and horizontal tanks
Palmer of Texas specializes in large-scale FRP fabrication, delivering tanks that withstand extreme pressures and temperatures in the petrochemical industry. Their engineering expertise allows for bespoke solutions that reduce weight while maintaining strength, making them a preferred partner for refineries and processing plants seeking long-term durability. Because these tanks offer significant advantages over metal alternatives in corrosive settings, Palmer continues to innovate to meet evolving industry demands. This approach not only lowers transportation costs but also extends service life, contributing to more efficient operations overall.
Sustainability Initiatives:
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High-capacity tanks up to 50,000 gallons with UV-resistant coatings for longevity and reduced replacements
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Collaborations with EPC firms for seamless project integration, minimizing waste in construction
7️⃣ 4. LF Manufacturing
Headquarters: Blue Ash, Ohio, USA
Key Offering: Septic and water storage FRP tanks, modular horizontal systems
LF Manufacturing focuses on residential and commercial water management, producing FRP tanks that offer lightweight alternatives to steel or concrete. Their products are widely used in wastewater treatment and agricultural applications, where corrosion resistance translates to lower lifecycle costs and easier installation. However, their real value lies in promoting sustainable water practices by enabling efficient storage without the environmental drawbacks of heavier materials. With a state-of-the-art facility, LF ensures scalability to meet growing needs in eco-conscious markets.
Sustainability Initiatives:
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Goal to increase recyclable content in FRP composites by 20% by 2030, supporting circular economy principles
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North America’s largest FRP production facility for scalable output with energy-efficient processes
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6️⃣ 5. NOV Fiber Glass Systems
Headquarters: Houston, Texas, USA
Key Offering: Industrial FRP tanks, pressure vessels for oil & gas
As part of National Oilwell Varco, NOV Fiber Glass Systems leads in providing corrosion-resistant tanks for upstream and midstream operations. Their vertical and horizontal tanks are designed for harsh offshore and onshore environments, incorporating advanced resin systems to extend service life and reduce maintenance downtime. This innovation is crucial in the oil & gas sector, where reliability directly impacts productivity. Furthermore, by opting for FRP over traditional materials, operators benefit from lighter weight and lower corrosion risks, aligning with broader efficiency goals.
Sustainability Initiatives:
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Certified for API 12F standards in petroleum storage, ensuring safe handling of resources
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Targets net-zero manufacturing emissions through energy-efficient processes and renewable energy integration
5️⃣ 6. Augusta Fiberglass
Headquarters: Blackville, South Carolina, USA
Key Offering: Custom FRP tanks for chemical and water industries
Augusta Fiberglass is renowned for its turnkey FRP solutions, serving the Southeast U.S. with tanks that handle everything from acids to potable water. The company’s commitment to quality control ensures compliance with ASTM standards, making their products a staple in municipal and industrial water treatment facilities. Because of their localized expertise, they can tailor solutions to regional challenges, such as varying chemical compositions or climate conditions. This results in tanks that not only perform exceptionally but also contribute to sustainable infrastructure development over time.
Sustainability Initiatives:
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Current production capacity exceeding 100 tanks per month, optimizing resource use
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Expansion plans to double output by 2027 with automation upgrades for lower energy consumption
4️⃣ 7. Granby Industries
Headquarters: Granby, Quebec, Canada
Key Offering: Residential and commercial FRP tanks, heating oil storage
Granby Industries dominates the North American market for home heating and fuel storage tanks, leveraging FRP’s non-corrosive properties to offer 30-year warranties. Their horizontal and vertical models are engineered for easy retrofitting, supporting the transition to cleaner energy storage in residential settings. However, their approach goes beyond durability; by focusing on user-friendly designs, they reduce installation waste and promote energy conservation. This makes them an essential player in fostering sustainable home energy solutions amid growing environmental concerns.
Sustainability Initiatives:
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Integration of smart sensors for inventory monitoring, preventing overfills and spills
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R&D in bio-based resins to enhance sustainability and reduce reliance on non-renewable materials
3️⃣ 8. Karmod Plastik
Headquarters: Istanbul, Turkey
Key Offering: Modular FRP tanks for water storage and industrial use
Karmod provides affordable, high-volume FRP tanks for emerging markets, focusing on rapid deployment in construction and agriculture. Their products excel in seismic zones due to lightweight design, and they export to over 80 countries, aiding global water scarcity solutions with durable containment. Because of their modular approach, installation is faster and less resource-intensive, making them ideal for remote or developing areas. This global reach underscores their role in addressing pressing issues like water management in a changing climate.
Sustainability Initiatives:
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Local R&D for region-specific corrosion-resistant formulations, adapting to diverse environmental needs
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Public-private partnerships for large-scale water projects, promoting equitable access to clean storage
2️⃣ 9. Red Ewald
Headquarters: Longview, Texas, USA
Key Offering: Double-wall FRP tanks, custom fabrication for chemicals
Red Ewald specializes in secondary containment FRP tanks, ensuring environmental safety in chemical handling. Their innovative designs incorporate interstitial monitoring, reducing spill risks and complying with EPA regulations, primarily serving the U.S. Gulf Coast industrial corridor. This focus on prevention is vital in high-risk areas, where a single leak can have lasting consequences. Furthermore, their custom fabrication allows for precise fits, optimizing space and minimizing material waste in complex installations.
Sustainability Initiatives:
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Aims for 500,000 gallons annual renewable composite production, advancing eco-friendly materials
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Supply chain enhancements for faster global delivery, reducing carbon footprint in logistics
1️⃣ 10. GSC Tanks
Headquarters: Mattoon, Illinois, USA
Key Offering: Large-diameter FRP tanks, wastewater and chemical storage
GSC Tanks is a top innovator in oversized FRP solutions, capable of fabricating tanks up to 50 feet in diameter for municipal wastewater and industrial processes. Their focus on precision molding and testing positions them as leaders in high-volume, long-lasting storage that minimizes environmental impact. Because these large-scale tanks support critical infrastructure like water treatment plants, GSC’s expertise ensures they withstand decades of use. This leadership drives the industry toward more resilient and sustainable containment options.
Sustainability Initiatives:
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Comprehensive FRP lifecycle solutions from design to decommissioning, promoting reuse and recycling
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Strategic alliances with global distributors for expanded reach, facilitating worldwide adoption of green tech
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🌍 Outlook: The Future of FRP Tanks Is More Durable and Sustainable
The FRP tanks market is experiencing a robust evolution. Although traditional materials like steel persist, the sector is channeling significant resources into advanced composites, corrosion-proof designs, and eco-friendly manufacturing to meet escalating demands for safe storage. This shift is not just about performance; it’s about creating solutions that align with global sustainability goals, reducing waste and emissions across supply chains.
📈 Key Trends Shaping the Market:
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Accelerated adoption in Asia-Pacific for water infrastructure projects, driven by urbanization and resource needs
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Regulatory mandates for non-metallic tanks in chemical handling by 2030, pushing innovation in compliance
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Integration of IoT for predictive maintenance and monitoring, enabling smarter, longer-lasting systems
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Collaborations between manufacturers and end-users for customized sustainability, fostering tailored eco-solutions
Market Trends Affecting FRP Tanks Market Growth
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Consolidation among global manufacturers — mergers like those involving NOV and regional players streamline supply chains but demand careful evaluation of warranties and local support networks. Recent consolidations are redefining market access, allowing for broader technological sharing.
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Shift to bio-based resins and recyclables — companies are incorporating sustainable fibers to lower carbon footprints and align with green building codes. Initiatives by firms like Granby highlight this transition, making FRP even more environmentally viable.
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Smart tank technologies — embedded sensors for level detection, integrity checks, and remote management (as seen in Xerxes and GSC products) are essential for large-scale operators, reducing downtime and enhancing safety.
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Modular and scalable designs — prefabricated FRP sections reduce on-site assembly time, favored in urban and remote installations. Karmod leads in this area for quick deployments, supporting rapid infrastructure growth.
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Automation in fabrication processes — robotic winding and curing enhance precision and output, cutting labor costs in high-demand sectors like oil & gas while improving consistency and reducing errors.
Get Full Report Here: FRP (Fiberglass-Reinforced Plastic) Tanks Market – View in Detailed Research Report
The companies listed above are not only providing essential storage solutions—they’re leading the sustainable transformation in industrial containment.
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