Global fiber reinforced plastic pipe market was valued US$ 2.1 Bn in 2017 and is expected to reach US$ 3.52 Bn by 2026, at a CAGR of 6.67 % during a forecast period.
FRP is a complex material which 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 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.
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Filament winding is the market due to the winding process is quite easy as well as it is well suited to automation without the need of any human intervention. Due to the cost effectiveness and there are fewer chances of human error 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 because it is resulting in 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. Rise in construction activities in previous few years and people have been resorting to the use of fiber reinforced pipes for their better thermal resistant power is leading the second highest revenue share in the FRP pipe market in Europe.
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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, restrains, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
The Scope of Global Fiber Reinforced Plastic Pipe Market:
Global Fiber Reinforced Plastic Pipe Market, By Product Type:
Other Product Types
Global Fiber Reinforced Plastic Pipe Market, By Fiber Type:
Other Fiber Types
Global Fiber Reinforced Plastic Pipe Market, By Process:
Global Fiber Reinforced Plastic Pipe Market, By Material:
Global Fiber Reinforced Plastic Pipe Market, By Application:
Oil & Gas
Global Fiber Reinforced Plastic Pipe Market, By Region:
Middle East & Africa
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.
Saudi Arabian Amiantit Company
Sekisui Chemical Co., ltd.
Saudi Arabian Amiantit Company
Chemical Process Piping Pvt. Ltd.
China National Building Material Company Limited
Future Pipes Industries L.L.C.
Hengrun Group Co. Ltd.
National Oilwell Varco Inc.
This post was originally published on Raleigh Recorder