Global FRP Pipe Market Forecast and
The global FRP pipe market witness market size of USD 2.31
Billion in 2019 and projected to reach USD 3.05 billion by 2026 at a CAGR of
4.7% during forecast period of 2020-2026.
Growing demand for durable, high strength, and lightweight pipelines for
water, wastewater, and industrial chemical supply estimated to drive the
industry growth over the forecast period.
pipe market is lucrative with opportunities in chemical & industrial and
sewage end-use applications. At present, very few major manufacturers dominate
the glass fiber reinforced plastic (GRP) pipes industry with strong
manufacturing facilities and widespread geographic distribution. High initial
investments and operational costs linked with the manufacturing of GRP pipes
are likely to be the major entry barriers for new market players. Manufacturers tend to offer standard product materials as the costs
associated with fabrication and the engineering involved in custom product
manufacturing are very high. Yet, they also provide custom GRP pipes for
specific application industries, which are usually manufactured based on the
requirements presented by end-users.
and technological growth have a positive impact on the dynamics of the FRP pipe
industry, include the introduction of onsite FRP pipe manufacturing services
and development of the grooved coupling method to join FRP pipe.
FRP Pipe Market: Overview
FRP pipe is the multi-purpose pipe which consists
of Fiberglass Reinforced Plastic (FRP) material, which includes thermosetting
resins and fiberglass. The blend of glass fibers and resin is used to produce
FRP products. The resin provides physical and chemical resistance to the
product. FRP is a composite material that is made up of the polymer matrix, and
it is reinforced with fibers. The polymer includes vinyl ester, epoxy, or
polyester thermosetting plastic. FRPs are mostly used in the various industrial
sector such as construction, aerospace, marine, and automotive.
Demand in Oil and Gas Industry
The main driver for the FRP pipe market
is the rising demand from the oil and gas industry. This industry has strict
performance requirements, and the products should have high-performance by all
the regulations and norms. The materials possess mechanical properties like
impact strength, reliability, high tensile strength, and fire resistance, thus
making it the most favored product for the oil and gas industry. Also, the oil
and gas industry requires high diameter pipes that can manage high pressure.
The pipes can also be produced with flame-retardant additives for use in
for non-corrosive pipe
industries require non-corrosive pipe so that it can be used for the long term.
The main reason for using fiber-glass-reinforced plastics (FRP) is their
essential corrosion resistance property. The corrosion resistance of FRP is a
function of both the resin content and the specific resin used in the laminate,
the higher the resin content, the morewill be the corrosion resistant the laminate property.
raw material price
fluctuating raw material prices hamper the growth of the FRP pipe market. There
is a massive demand for carbon fiber materials in the production of FRP
products. The leading raw material suppliers companies prefer supplying carbon
fibers to only selected industries such as sports and aerospace that are
comparatively stable with long term scheduled projects. Also, the pipes cost
around ten times their steel counterpart, which is barring their adoption by
Global FRP Pipe Market: Type
On the basis of its type, the market is segmented into Polyester,
Polyurethane, Epoxy and Others. Amidst these segments epoxy has the largest share
in the FRP pipe market, and is expected to drive the market in years to come due
its environment-friendly property.
Global FRP Pipe Market:
On the basis of its application, the market is segmented into
Water and Wastewater, Chemical & Industrial, Oil & Gas, Power
Generation and Others. The Oil & Gas segment offers most market potential
in the global FRP pipe market due to high purchasing capacity in oil & gas
companies and increases in demand for non-corrosion piping solutions. Also, the
shift in consumer preferences and rapid downfall in the prices of FRP pipes are
some other significant aspects fueling the demand for FRP pipes in the oil
& gas industry across the globe. Furthermore, owing to technological
advances in oil extraction methods and excellent physical, chemical, and
mechanical characteristics of FRP pipes, they are well recognized for their use
in oil & gas industry and also play a significant role in key ends user
industries such as water & wastewater treatment and other chemical
Global FRP Pipe Market: Regional Insights
On the basis of regional analysis, the global FRP pipe market
is segmented into five major regions including North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region. The Asia Pacific region
expected to dominate the industry and is expected to be the leading market for FRP
pipes over the estimated period. China and India are expected to be the
fastest-growing market for FRP pipes in the Asia Pacific region. Favorable
government regulations, availability of skilled labor, and growing demand from
product users are likely to force companies to set up their production
facilities in this region.
China is the largest
purchaser of the pipes in the Asia Pacific owing to huge populations and due to
the presence of various chemical manufacturing companies in the country. High
population density and the government’s focus on decreasing dependence on
imports are driving the market in the country.
The companies that hold the majority share of the FRP Pipe
market are Saudi Arabian Amiantit Co, ZCL
Composites, Future Pipe Industries, The Hobas Group, Graphite India Limited, Lianyungang
Zhongfu Lianzhong Composites, Abu Dhabi Pipe Factory, Hengrun Group Co., Ltd,
Enduro Composites Inc, National Oilwell Varco (Nov), HOBAS, SARPLAST SA,
SEKISUI CHEMICAL, Farassan, Amaintit, Kinflare Group, Amiblu Holding, ERSHIGS and
Other Prominent Players.
December 2019 -
NOV (National Oilwell Varco) has completed its purchase of Denali Inc., a
global pioneer in fiberglass-reinforced plastic (FRP) products and technology,
offering more than 50 years of groundbreaking FRP solutions for the energy,
chemical, power and water industries
Scope of the Report
data – 2016-2019
Base Year –
2020 – 2026
Revenue in USD Billion/Billion
Canada, Germany, United Kingdom, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, China, India, Japan, South Korea, Saudi Arabia, UAE, South
By Type, By Process By Application, By Region
Saudi Arabian Amiantit Co, ZCL Composites,
Future Pipe Industries, The Hobas Group, Graphite India Limited, Lianyungang
Zhongfu Lianzhong Composites, Abu Dhabi Pipe Factory, Hengrun Group Co., Ltd,
Enduro Composites Inc, National Oilwell Varco (Nov), HOBAS
- Filament Winding
Middle East & Africa
The objective of the Study:
To analyze and
forecast the global FRP Pipe market size of the market in terms of value.
To examine the
careful market segmentation and forecast the market size, in terms of value,
based on the region by segmenting.
The Global FRP Pipe
market segmented into five regions, namely, North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa.
categorized, and forecast the global FRP Pipe market based on the type, process
competitive developments like technological advancement, services, and
regulative framework within the global FRP Pipe market.
· To highlight the
impact analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.To strategically profile the key players and comprehensively analyze
their market shares along with detailing the competitive landscape for market