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. In this study, 2014 has been considered as the base year, while the forecast period is from 2015 to 2020.

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Market Dynamics
Drivers

Growing infrastructural development
Increasing focus on easy installations and maintenance of pipes
Rising demand for non-corrosive pipes
Opportunities

Increasing demand from developing economies
Challenges

Large-scale manuadfcturing
Sewage is the Largest End-Use Industry of FRP PIPE
Sewage is the term used for wastewater that often contains feces, urine, and other solid waste. They encompass a wide range of potential containments in different concentrations. Waste water carried by the sewage pipelines always has different densities, particle size, and hardness. Usually, these particles damage the pipes from within. Earlier, sewage piping system was mostly formed using metal pipes, concrete pipes, and so on. These pipes used to corrode quickly due to the nature of waste they carried. Also, they used to break easily creating defective connections. Metal pipelines in the sewage system are now being replaced by the FRP pipes. They possess unique characteristics such as high strength, long durability, and non-corrosive nature among others. This is driving the FRP pipes market in the sewage end-use industry.

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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.

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