Market Forecast, Global GRP Pipes Market is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%., Market Synopsis, The gass fiber reinforced plastic (GRP) pipes market is growing due to the growth in the petroleum industry, its excellent utility for transporting chemicals, a worldwide emphasis on public utilities as well as for transporting water to be used for irrigation purposes., GRP pipes offer inherent strength, are lightweight and are impervious to adverse weather conditions, making them ideal for outdoor purposes. They are very resistant to corrosion from chemicals and are easy to manufacture and install. They offer superior hydraulic characteristics, can be precision coupled, and have a very long service life., Market USP, Excellent weather and corrosion resistance and long service life., Market Drivers, , Growth of the oil & gas industry, Growth of the chemical industry in developing nations, Increasing worldwide demand for ensuring water supply to viable agricultural land., Rapid urbanization spurring the utility sector, , Market Restraints, , Repair and maintenance require a skilled workforce, Brittleness which causes structural damage, , Segmentation, By Resin, , Epoxy: The largest market within this segment, epoxy GRP pipes provide higher strength, very high resistance to chemical corrosion, and long service life making them ideal for use in the petroleum and chemical industries. Most petroleum, crude oil, and chemical waste is carried by epoxy GRP pipes., Polyester: Polyester GRP pipes are inferior to epoxy GRP pipes in all aspects except cost. Polyester GRP pipes are used in irrigation, wastewater management, and water supply. They are durable enough to transport water and are cheap enough to be employed extensively in agriculture. They offer very easy installation and maintenance as well., Vinyl Ester: Vinyl esters GRP pipes are qualitatively between polyester and epoxy GRP pipes. They offer more flexible and offer excellent impact resistance. They are used in environments which are subject to stress and exposure to the elements., , By End-Use, , Oil & Gas: The largest market within this segment, GRP pipes are used extensively in the transportation of oil & gas over large distances. They are also employed within refineries. The growth of the petroleum indust

Market Forecast

Global GRP Pipes Market is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%.

Market Synopsis

The gass fiber reinforced plastic (GRP) pipes market is growing due to the growth in the petroleum industry, its excellent utility for transporting chemicals, a worldwide emphasis on public utilities as well as for transporting water to be used for irrigation purposes.

GRP pipes offer inherent strength, are lightweight and are impervious to adverse weather conditions, making them ideal for outdoor purposes. They are very resistant to corrosion from chemicals and are easy to manufacture and install. They offer superior hydraulic characteristics, can be precision coupled, and have a very long service life.

Market USP

Excellent weather and corrosion resistance and long service life.

Market Drivers



Growth of the oil & gas industry



Growth of the chemical industry in developing nations



Increasing worldwide demand for ensuring water supply to viable agricultural land.



Rapid urbanization spurring the utility sector



Market Restraints



Repair and maintenance require a skilled workforce



Brittleness which causes structural damage



Segmentation

By Resin



Epoxy: The largest market within this segment, epoxy GRP pipes provide higher strength, very high resistance to chemical corrosion, and long service life making them ideal for use in the petroleum and chemical industries. Most petroleum, crude oil, and chemical waste is carried by epoxy GRP pipes.



Polyester: Polyester GRP pipes are inferior to epoxy GRP pipes in all aspects except cost. Polyester GRP pipes are used in irrigation, wastewater management, and water supply. They are durable enough to transport water and are cheap enough to be employed extensively in agriculture. They offer very easy installation and maintenance as well.



Vinyl Ester: Vinyl esters GRP pipes are qualitatively between polyester and epoxy GRP pipes. They offer more flexible and offer excellent impact resistance. They are used in environments which are subject to stress and exposure to the elements.



By End-Use



Oil & Gas: The largest market within this segment, GRP pipes are used extensively in the transportation of oil & gas over large distances. They are also employed within refineries. The growth of the petroleum industry along with the ever-increasing demand for petroleum and gas is driving this market segment.





Chemicals: Due to the excellent corrosion resistant properties of GRP pipes they are used within chemical manufacturing plants as well as for transportation of chemicals and chemical waste products. This market is growing due to the growth of chemical industries in developing nations.





Wastewater Treatment & Water Supply: GRP pipes are cheap, durable, and easily replaceable, making them ideal for wastewater treatment and water supply. Urbanization along with the subsequent growth of utilities is driving this market segment.





Irrigation: The growing demand for agricultural produce is ensuring the growth of irrigation channels and canals to transport water to distant farmlands. This is driving the GRP irrigation pipes market globally.



By Region



North America: The North American GRP pipes market is primarily driven by the petroleum industry and the chemical industry.



Europe: The demand for GRP pipes in Europe comes from its oil and gas industry and its utility sector.



Asia-Pacific: This is the largest regional market for GRP pipes due to the fast-developing economies of this region as well as the growing utility sector and the need to irrigate agricultural land with no natural water source nearby.



Rest of the World: The GRP pipes market in this region is driven by the huge oil & gas industry in the Middle East & Africa, the growing utility sector in a rapidly urbanizing Africa, and the agricultural sector in South America.



Key Players



Saudi Arabian Amiantit Co. (Saudi Arabia)



Future Pipe Industries (UAE)



Hengrun Group Co., Ltd. (China)



National Oilwell Varco (US)



FLOWTITE Technology AS. (Norway)



Columbus McKinnon Corporation (US)



Sarplast SA (Switzerland)



Weihua Group (China)



Amiblu Holding GmbH (Austria)



FIBREX - Fiberglass Pipe Manufacturer, FRP Pipes, GRP Pipes (US)



Enduro (US)



Beetle Plastics (US)



Smit Group, LLC (US)



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