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FRP Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

FRP Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • October 2022
  • 143 pages
  • ID: 6359777
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global FRP pipe market size reached US$ 3.87 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 5.03 Billion by 2027, exhibiting a growth rate (CAGR) of 4.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Fiber reinforced plastic (FRP) pipe is a composite material manufactured by centrifugal casting and winding process that reinforces thermosetting resins with fiberglass filaments. It is lightweight, strong, easy to install, and highly resistant to temperature, chemicals, and corrosion. It is extensively used in the trenchless installation of pipelines, such as direct pipe and micro tunneling, as it provides the required jacking pressure to drive the pipe due to its smooth outer surface. Additionally, it withstands the corrosion of acid, alkali, and salt and prevents the erosion of untreated sewage, corrosive soil, and chemical wastewater. As FRP pipe incurs low investment and pumping costs, it is extensively used in various industries, such as construction, chemical, and oil and gas.

FRP Pipe Market Trends:
The growing global population is increasing construction of residential and commercial buildings. This is driving the demand for proper drainage and pipeline system installed with FRP pipes. The rising demand for lightweight and corrosion-resistant piping from the construction industry is also bolstering the market growth. In addition, the increasing use of chemical and pollution-resistant pipes in the chemical and oil and gas industries is offering lucrative growth opportunities to manufacturers. In line with this, technological innovations in the manufacturing process of FRP pipes are offering a favorable market outlook. Furthermore, the increasing utilization of FRP pipes in water and wastewater treatment operations, saltwater cooling and desalting plants, water well casings, process piping, and injection lines is strengthening the market growth. Additionally, the rising awareness among the masses about the benefits of using FRP pipes over other piping systems is contributing to market growth. Moreover, increasing investment in pipeline infrastructure and research and development (R&D) activities to launch advanced product variants are propelling the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global FRP pipe market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, manufacturing process and application.

Breakup by Type:
Glass-Reinforced Polyester
Glass-Reinforced Vinyl Ester
Glass-Reinforced Epoxy

Breakup by Manufacturing Process:
Centrifugal Casting
Filament Winding
Pultrusion
Others

Breakup by Application:
Water and Wastewater
Chemical and Industrial
Oil and Gas
Power Generation
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Augusta Fiberglass, Enduro Composites, Ershigs Inc, Fibrex Fiberglass Pipe, FRP SYSTEMS, Hanwei Energy Services Corp., HOBAS, Industrial Plastic Systems, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd, NOV Inc., Sarplast, Saudi Arabian Amiantit Co. and Shawcor Ltd.



Key Questions Answered in This Report:

How has the global FRP pipe market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global FRP pipe market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the manufacturing process?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global FRP pipe market and who are the key players?
What is the degree of competition in the industry?

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