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GRP (Glass Reinforced Plastic) Piping Market detail insight to 2024 Focusing on key market players like Enduro Composites Inc, Harwal Group, Graphite India Limited, Saudi Arabian Amiantit Company SAAC, Composite Piping Industry LLC (CPI), HOBAS, etc

08-23-2018 12:27 PM CET | Industry, Real Estate & Construction

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GRP (Glass Reinforced Plastic) Piping Market detail insight

The report is a comprehensive exploration of global GRP (Glass Reinforced Plastic) Piping market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global GRP (Glass Reinforced Plastic) Piping market and more.

GRP Piping Market will surpass USD 8 billion by 2024; according to a new research report.

GRP piping are manufactured from selected resins tailored to offer unique features such as corrosion resistance, light weight, durability and lower temperature properties. These pipes serve as a medium for supplying drinking water, wastewater, chemical processing, agriculture processing, sea water, industrial water, electrical processing, etc. In 2017, approximately 31% of energy used across the globe was met by oil-based fuels. Increased energy demand owing to social & demographic factors and growth of non-conventional natural gas production will drive the demand of GRP piping in oil & gas industry in coming years.

Request a sample of this premium GRP (Glass Reinforced Plastic) Piping market Research Report @ https://www.marketstudyreport.com/request-a-sample/1207207/

United Nations Organization (UNO) in 2011 reported that global population will continue to grow till 2040 at a rate of 0.8% per year. UNO further stated that rising population will stimulate higher energy demand, thus accelerating the market demand for GRP piping in oil & gas industry. Energy demand has been rising in urban sector owing to growing urban population, for instance UNO reported that the global urban population will be double of rural population by 2040. Such traits exhibit that oil & gas industry will generate higher revenue in forecast timeframe, thereby presenting strong potential for GRP piping market.

According to UNESCO in 2015, over 90% sewage was discharged directly into water bodies in emerging economies. Around 2 million tons of sewage and other effluents were drained into the global water bodies in the same year. Such incidences have degraded the water quality and the aquatic ecosystem, triggering the need for water treatment across the world. Government of several countries have been undertaking waste water treatment projects to prevent further water pollution. For instance, in September 2016, European Union and India had signed the memorandum of understanding for water partnership. Main purpose of the memorandum was to give an opportunity to global players for implementing better technologies and resources to treat waste water via the India-EU cooperation. Thus, growing global demand for wastewater treatment will increase the application of glass reinforced plastic piping, propelling higher returns over the next few years.

Request a discount on standard prices of this premium GRP (Glass Reinforced Plastic) Piping market Research Report at https://www.marketstudyreport.com/check-for-discount/1207207/

Oil & gas application have CAGR of 5.7% owing to rise in demand for energy among growing population. Portable water segment will also witness growth in forecast period owing to growing consumer awareness regarding sanitation and health related issue from polluted water. Chemical industry also holds significant market share of global glass reinforced plastic piping market and is estimated to grow with rising demand from end-user industry.

MEA exhibits highest potential in terms of growth rate in overall GRP piping market. Saudi Arabia is one of the leading nation among the region, driven by oil & gas companies majorly concentrated in the region. North America will also witness exponential growth over the years with increase in demand from oil & gas companies.

Global glass reinforced plastic piping market has been led by prominent players for instance, Enduro Composites Inc, Harwal Group, Graphite India Limited, Saudi Arabian Amiantit Company SAAC, Composite Piping Industry LLC (CPI), HOBAS, etc. These companies held a potential market share in 2017 and have diverse products.

More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html

Table of content:

Chapter 2. Executive Summary

2.1.  GRP Piping Market industry 360 degree synopsis, 2013 - 2024

2.1.1.     Business trends

2.1.2.     Resin trends

2.1.3.     Application trends

2.1.4.     Regional trends

Chapter 3. GRP Piping Market Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Raw material analysis

3.3.2.     Manufacturing trends

3.3.3.     Profit margin

3.3.4.     Value addition

3.3.5.     Distributor channel analysis

3.3.6.     Vendor matrix

3.3.6.1.   List of key raw material suppliers

3.3.6.2.   List of key manufacturers/distributors

3.3.6.3.   List of key/potential customers

3.4.  Innovation & sustainability

3.4.1.     Patent analysis

3.4.2.     Technology landscape

3.4.3.     Production process

3.4.4.     Future trends

3.5.  Industry impact forces

3.5.1.     Growth drivers

3.5.1.1.   Positive outlook from North America oil & gas sector

3.5.1.2.   Multiple GRP piping projects in MEA

3.5.2. Industry pitfalls & challenges

3.5.2.1.   Manufacturing waste issues

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Growth potential analysis

3.8.  Regional price trends

3.8.1.     Cost structure analysis

3.8.1.1.   R&D cost

3.8.1.2.   Manufacturing & equipment cost

3.8.1.3.   Raw material cost

3.8.1.4.   Distribution cost

3.8.1.5.   Operating cost

3.8.1.6.   Miscellaneous cost

3.8.2.     Price by resin

3.8.3.     Price by application

3.9.  Competitive landscape, 2017

3.9.1.     Company market share analysis, 2017

3.9.2.     Brand analysis

3.9.3.     Key stakeholders

3.9.4.     Strategy dashboard

3.10.        Porter's analysis

3.10.1.   Supplier power

3.10.2.   Buyer power

3.10.3.   Threat of new entrants

3.10.4.   Threat of substitutes

3.10.5.   Industry rivalry

3.11.    PESTEL analysis

For details about this report: https://www.marketstudyreport.com/reports/grp-glass-reinforced-plastic-piping-market

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