Global Fiber Reinforced Plastic Pipe Market was valued at US$ 2.1 Bn in 2019 and is expected to reach US$ 3.52 Bn by 2026, at a CAGR of 6.67% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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FRP is a complex material that is made of the polymer matrix and is reinforced with different fibers like glass, carbon, and basalt. These fibers are used in various industries such as aerospace, construction, and automotive.
Growing demand for strong, lightweight pipes, the cost-effectiveness of the technology, and demand from the oil & gas industry are boosting the growth of the fiber-reinforced plastic pipe market. Increased innovation in the fiber-reinforced plastic pipes, GRP & GRE Pipe market showing growth trends, and growth in oil exploration activities are key opportunities of the market. Raw material prices are unstable, and the lack of product awareness is limiting the growth of the market.
The winding process is effortless as well as it is well suited to automation without the need for any human intervention. Due to the cost-effectiveness, there are fewer chances of human error and this is also increasing the growth of the filament winding segment in the fiber-reinforced plastic pipe market.
Chemical is the largest application category in the FRP pipe market, with an expected contribution of more than 40.0% in 2017. Due to withstand high temperatures and are corrosion resistant are required. Fiber-reinforced plastic pipes have a higher strength to weight ratio. Epoxy is estimated to the largest material in the fiber-reinforced plastic pipe market, owing to the epoxy being very environmentally as compared to other materials.
Most of the industries are now accepting this process. The Asia Pacific is the largest as well as the fastest-growing market in the fiber-reinforced plastic pipe market owing to the rise in construction, and oil & gas activities in the region. A growing focus of government to improve sewage treatment facilities in the Asia Pacific is also driving the growth of the market. The rise in construction activities in the previous few years and people have been resorting to the use of fiber-reinforced pipes for their better thermal resistant power is leading to the second-highest revenue share in the FRP pipe market in Europe.
Some of the major players operating in the fiber-reinforced plastic pipe market are Enduro Composites, Inc., Ershigs, Inc. (Denali incorporated), Fibrex FRP piping systems, National Oilwell Varco, Inc., Sarplast SA, Saudi Arabian Amiantit Company, Sekisui Chemical Co., ltd Saudi Arabian Amiantit Company, Chemical Process Piping Pvt. Ltd., China National Building Material Company Limited, Ershigs Inc., Future Pipes Industries L.L.C., Hengrun Group Co. Ltd., HOBAS, National Oilwell Varco Inc., and Sekisui Chemical Co. Ltd., Sarplast SA.
The report covers a comprehensive study of major market drivers, restraints, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
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The Scope of the Global Fiber Reinforced Plastic Pipe Market: Inquire before buying
Global Fiber Reinforced Plastic Pipe Market, by Product Type:
• GRE pipe
• GRP pipe
• Other Product Types
Global Fiber Reinforced Plastic Pipe Market, by Fiber Type:
• Other Fiber Types
Global Fiber Reinforced Plastic Pipe Market, by Process:
• Centrifugal Casting
• Filament Winding
• Other Process
Global Fiber Reinforced Plastic Pipe Market, by Material:
• Other Materials
Global Fiber Reinforced Plastic Pipe Market, by Application:
• Oil & Gas
• Other Applications
Global Fiber Reinforced Plastic Pipe Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
The Key Players Operating in the Global Fiber Reinforced Plastic Pipe Market:
• Enduro Composites, Inc.
• Ershigs, Inc. (Denali incorporated)
• Fibrex FRP piping systems
• National Oilwell Varco, Inc.
• Sarplast SA
• Saudi Arabian Amiantit Company
• Sekisui Chemical Co., ltd.
• Saudi Arabian Amiantit Company
• Chemical Process Piping Pvt. Ltd.
• China National Building Material Company Limited
• Ershigs Inc.
• Future Pipes Industries L.L.C.
• Hengrun Group Co. Ltd.
• National Oilwell Varco Inc.
• Sarplast SA.
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