Press release
GRE Pipes Market Future Scope 2018 – 2022, Exclusive Manufacturers - Pipex Limited, Future Pipe Industries, Tamdid pipes, Epp Composites Pvt. Ltd., Acwapipe, Smithline Reinforced Composites, National Oilwell Varco
GRE Pipes Market is expected to witness a significant growth by 2022 with CAGR of 4.2% between 2016 and 2022
Glass-reinforced epoxy (GRE) is a combination of two or more materials with addition of high strength E-glass fiber amine cured epoxy resin as basic material. The frangible nature of the material demands careful handling during transportation, fabrication, and installation. GRE Pipes are well suited for environments where corrosion resistance is required at a reasonable price. Main industries in which GRE pipes required are petrochemical process lines, oil and gas systems, fire-fighting systems, offshore and onshore systems, chemical transport and others.
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The economic growth of oil rich economies has increased the demand for major industrial requirements which add the boom in the water networks, oil & gas sector and petrochemical plants. In Industrial plants pipe systems that are used as circulating water, chemical lines, cooling systems, process piping, and fire water.
GRP pipe can be used as pressure as well as gravity pipelines for water, industrial outflow, and sea water pipelines. These pipes are in use in cross country pipelines, sewerage disposal systems, sea water intake & return lines in power plants globally. This is a unique system of thermal & chemical resistance and have high mechanical properties which is made by the preference of highly performing components and acute designed structure.
The global GRE pipes market has witnessed a positive growth over the recent past and is expected to keep to rise over the forecasted year. Unique properties of GRE pipes such as light weight, high performance and cost effective products in various end user industries like petrochemicals, oil & gas, power & energy and other industries have driven the global market for GRE pipes.
Regional analysis:
Petrochemicals, Oil & Gas, power & energy and other Industrials are the major end-user industry of GRE pipes due to their less thermal conductivity. The increasing number of applications such as oil & gas, fuel, water, sewage, and chemical industry in India and China is expected to drive the GRE pipes market. Asia-Pacific is the largest market for GRE pipes. The GRE pipes market in these regions is expected to increase in the future.
North America witnessed a positive growth due to GRE pipes demand over continues to increase in oil & gas, water, chemical industries. Europe are expected to witness a sluggish growth owing to stringent regulation for producing GRE pipes.
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Global GRE Pipes Market Players:
Key players of the Global GRE Pipes Market are Pipex Limited (UK), Future Pipe Industries (India), Tamdid pipes (Saudi Arabia), Epp Composites Pvt. Ltd. (India), Acwapipe (Saudi Arabia), Smithline Reinforced Composites (UAE), National Oilwell Varco (US) and others.
Segmentation:
The market for GRE pipes is segmented on the basis of end-user and by the region; On the basis of end-user the GRE pipes market is segmented as like petrochemicals, oil & gas, power & energy and other industrials. Moreover on the basis of the region of global GRE pipes market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.
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