Positive growth predicted for the Indian FRP pipes and tanks market

The Indian FRP pipes and tanks market is predicted to be positive with revenue growth of 29% and shipment growth 22% in 2010, as per a report by Allele Life Sciences Pvt Ltd. The FRP pipes and tanks industry in India is expected to have a CAGR of 23.8% for the period 2010-15, and volume shipment would be 201744 metric tons in 2015. FRP pipes and tanks retain number one position in the Indian composites market, constituting 32% of total composite consumption amounting to 56869.2 MT in fiscal 2009.
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