Emerging Demand from Oil & Gas, Water & Wastewater Sewage, and Chemical Industries is the Reason behind FRP Pipe Market Growth


Posted April 22, 2019 by abhijeetw1

The FRP/GRP/GRE Pipe market was valued at USD 3,001.6 million in 2014 and is projected to reach USD 3,826.9 million by 2020, at a CAGR of 4.2% from 2015.

 
A FRP pipes which show 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 pipe.

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The market for FRP Pipe has a diversified and established ecosystem comprising upstream players, such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, and end-users of FRP Pipe as well as various government organizations. Leading players operating in the FRP Pipe market 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).

Oil & gas, retail fuel, water & wastewater sewage, pulp & paper, and chemical are the major end-user industry of FRP pipes due to their lifecycle use in extreme environment. 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.

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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.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]
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Issued By MARKETSANDMARKETS
Country United States
Categories Business , Industry , Manufacturing
Tags frp pipe , frp pipe market
Last Updated April 22, 2019