FRP/GRP/GRE Pipe Market by Type of Resin, by Fiber Type, by Application & by Region – ****** Trend and Forecasts to 2020

The report “FRP/GRP/GRE Pipe Market by Type of Resin (Polyester, Polyurethane, Epoxy, Others), by Fiber Type (Glass Fiber, Carbon Fiber), by Application (Oil And Gas, Sewage Pipe, Irrigation and Others) and by Region – ****** Trend and Forecasts to 2020”, defines and segments the FRP pipe market with an analysis and forecast of the volumes and values of types such as Polyester, Polyurethane, Epoxy and others individually. Along with this, the volume & value of materials by applications such as Oil & Gas, Chemical, Sewage Pipe, Irrigation and others are also discussed.

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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 manufacturersvendors, 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).

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

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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.

****** FRP Pipe market to reach approximately $4 Billion by 2020

The market for FRP pipe in terms of value is expected to reach approximately $4 billion by 2020, growing at a significant CAGR from 2014 to 2019. The Asia-Pacific region dominated the FRP Pipe market in terms of values in 2014 and it is expected to grow at a higher CAGR, from 2015 to 2020. Rapid industrialization and urbanization has led to increase in demand of FRP pipe from oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry in Asia-Pacific region.

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