Market Forecast
The Global GRP Pipes Market Trends is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%
Segmentation
By Resin: The GRP pipes market can be divided based on their constituent resin into three categories, namely epoxy, polyester, and vinyl ester. Of the three, the largest market share belongs to epoxy GRP pipes due to their utility in the petroleum and chemical industries. Epoxy GRP pipes offer enhanced strength, great corrosion resistance against both chemicals and the environment, as well as a very long service life. They are used to transport crude oil, petroleum, gas, chemicals, and chemical waste. Polyester GRP pipes are inferior to epoxy GRP pipes in all categories except cost and ease of manufacturing. This ensures the use of polyester GRP pipes within the utility and agricultural sectors. The growing demand to supply water to arable land and a fast-growing utilities sector due to rapid urbanization are driving the polyester GRP pipes market. Vinyl ester GRP pipes are between epoxy and polyester GRP pipes in terms of quality and cost. They offer superior impact resistance and flexibility, making them ideal for use in stress environments.
By End-Use: The oil & gas industry is the largest market within this segment, and it is rapidly growing. Oil and gas transportation is carried out either by pipelines or by tankers, with pipelines being far more cost-effective. More than 70% of the of the crude oil & gas within the US was shipped by pipelines in 2014. Innovations in the GRP pipes market is ensuring the steady growth of this percentage and it is acting as a driver for this market. Chemical industries see much value in GRP pipes due to their corrosion resistance. They are used to transport chemicals as well as chemical waste. The urbanization being witnessed globally is also causing an increase in the utility sector, a key component of which is water supply and wastewater management. GRP pipes are used extensively to facilitate both. Irrigation is essential in the agricultural sector due to the ever-increasing demand for agricultural produce to feed an ever-increasing human and livestock population.
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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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The Global GRP Pipes Market is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%.Market SynopsisThe 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.Get a FREE Report Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/8262 Key PlayersSaudi 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)Market DriversGrowth of the oil & gas industryGrowth of the chemical industry in developing nationsIncreasing worldwide demand for ensuring water supply to viable agricultural land.Rapid urbanization spurring the utility sectorGRP Pipe Market SegmentationBy Resin:The GRP pipes market can be divided based on their constituent resin into three categories, namely epoxy, polyester, and vinyl ester.
Epoxy GRP pipes offer enhanced strength, great corrosion resistance against both chemicals and the environment, as well as a very long service life.
Polyester GRP pipes are inferior to epoxy GRP pipes in all categories except cost and ease of manufacturing.
The areas supplied within this industry record show the geographic boundaries throughout the world.
The report advises readers about crucial opportunities and trends in the worldwide sector.
It concentrates on fundamental market dynamics in addition to market analysis research, such as manufacturing and consumption, revenue, business value chain, competitive landscape, regional expansion, and cost.Global GRP & GRE Pipe Market Supplies a perspective of this market for essential drivers, innovative technologies tendencies for term and period.
The record covers a wide Item portfolio in this current marketplace Analysis and business plan embraced aggressive Situations, and a vast selection of articles.
Porter evaluation is provided by this report, Market and PESTEL analysis appeal to assist you understand micro and macro Level market situations.Request Sample Copy at: https://introspectivemarketresearch.com/request/71Key Player Mentioned: National Oilwell Varco (Nov), Saudi Arabian Amiantit, Future Pipe Industries, The Hobas Group, Graphite India Limited, Lianyungang Zhongfu, Abu Dhabi Pipe Factory, Hengrun Group, Enduro Composites, Zcl CompositesProduct Segment Analysis: Polyester, EpoxyApplication Segment Analysis: Oil and Gas, Sewage Pipe, IrrigationRegional Segment Analysis: USA, Europe, Japan, China, India, South East AsiaThe qualitative and qualitative details associated with the key elements of the market also provide an in-depth overview of the most macro and micro economic factors which will provides a company a competitive advantage.
This report provides a radical analysis of the past and current state of the market, and provides a future outlook on how the market evolves over time, with current data, trends, competition and regulatory frameworks.
