FRP/GRP/GRE Pipe Market by Type of Resin, by Fiber Type, by Application, & by Region


Posted August 13, 2018 by abhijeetw1

The global FRP pipe market size in terms of value is projected to grow at a CAGR of 3.5% between 2015 and 2020 to reach $4 billion by 2020.

 
The global FRP pipe market size in terms of value is projected to grow at a CAGR of 3.5% between 2015 and 2020 to reach $4 billion by 2020.

The global FRP market, has witnessed a strong growth in the past few years. This growth is estimated to continue in the coming years due to increasing demand from Asia-Pacific. There are continues increasing demand from end-user industry from the emerging economies, such as China, Brazil and India and also from Middle East region. These are the major drivers as per the current market dynamics. Also, such demand is backed by increasing industrialization and government awareness towards water and waste water treatment. The superior mechanical and anti-corrosion properties, low conductivity, and longer lifecycles make FRP pipes a natural choice both for various applications. The North American and Rest of the World’s FRP pipe markets are expected to grow at a CAGR of 2.6-2.8% and 3.2-3.5% during 2015-2020.

Global FRP Pipe market showed huge opportunities as momentous demands from end application industries such as oil & gas, water & wastewater, chemical, and others. Oil and Gas is the major industry for FRP pipes market for use in transmission network, flow lines, well-interventions, etc. These rapidly increasing demands from various application industries are generating many exciting new markets opportunities for FRP pipes. Major types of FRP pipes include Polyester, Polyurethane, Epoxy and others. These FRP pipes are now days widely used in new application areas such as oil & gas, sewage pipe, irrigation and others. High cost of FRP pipes compared to pipes made with conventional materials is the major interruption in the market growth. Further market development will depend upon material availability at reasonable prices.

For More Info Kindly Visit This Link:

https://www.marketsandmarkets.com/Market-Reports/frp-pipe-market-136989073.html

Increase in demand of FRP from oil & gas, water & wastewater sewage, chemical, and offshore industries

A FRP pipe which shows superior mechanical properties like superior anti-corrosion properties, low conductivity, and longer lifecycles are most preferred choice for use in oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry. FRP pipes are currently being used in a number of fields and continuously replacing conventional PVC and metal pipes.

Oil & gas, retail fuel, water & wastewater sewage, pulp & paper, and chemical are the major end-user industry of FRP due to their lifecycle use in extreme environment. The increasing number of oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry in India and China is expected to drive the FRP pipe market. In 2014, Asia-Pacific was the largest market for FRP pipe in terms of value. Asia-Pacific and Europe, together accounted over 65% of the FRP pipe market value in the same year. The FRP pipe market in these regions is expected to increase aggressively in the next five years. In 2014, the industrial applications dominated the overall FRP pipe market size. Oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, and offshore industry are expected to drive the market in the next five years.

Global FRP Pipe market to reach approximately $4 Billion by 2020

The market for FRP pipe in terms of value is expected to reach approximately $4 billion by 2020, growing at a significant CAGR from 2014 to 2019. The Asia-Pacific region dominated the FRP Pipe market in terms of values in 2014 and it is expected to grow at a higher CAGR, from 2015 to 2020. Rapid industrialization and urbanization has led to increase in demand of FRP pipe from oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry in Asia-Pacific region.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownload.asp?id=136989073

The major driver for this market is high corrosion resistance properties and its use in niche applications like ultra-deep drilling in offshores, well intervention activities. The new applications of FRP pipes in the growing oil & gas, water and wastewater treatment sector are also helping this market to grow at a faster rate. Growing demand of FRP pipes from emerging regions of the world is also expected to contribute to the growth of the market. The key companies involved in this market are ZCL (Canada), Balaji fiber reinforced (India), Future pipe (UAE), NOV pipe (U.S.), Ashland (U.S.), Chemical Process Piping Pvt Ltd (Singapore), lzfrp (China), Amiantit Company (Saudi Arabia), Hobas (U.S.) and Graphite India (India)

On the basis of types:

The FRP/GRP/GRE Pipe market is segmented on the basis of its product types, such as Polyester, Polyurethane, Epoxy and others.

On the basis of Fiber:

Fiber type include Glass Fiber and Carbon Fiber

On the basis of applications:

The FRP/GRP/GRE Pipe market is segmented on the basis of its applications, such as oil & gas, sewage pipe, irrigation and other industrial applications.

Almost 85% of the total FRP pipe demand in 2014 was from oil & gas, retail fuel, water & wastewater sewage, and chemical industries. This was due to their physical and mechanical properties such as superior anti-corrosion properties, low conductivity, and longer lifecycles of FRP pipes. A major application industry that uses FRP pipes is Oil & Gas which contributes major market share. The important FRP pipe manufacturers include ZCL (Canada), Balaji fiber reinforced (India), Future pipe (UAE), NOV pipe (U.S.), Ashland (U.S.), Chemical Process Piping Pvt Ltd (Singapore), lzfrp (China), Amiantit Company (Saudi Arabia), Hobas (U.S.) and Graphite India (India).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By marketsandmarkets
Country United States
Categories Business
Tags FRP Pipe Market , FRP Pipe , FRP/GRP/GRE Pipe Market , FRP/GRP/GRE Pipe
Last Updated August 13, 2018