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Glass Reinforced Plastics GRP Pipes Global Market Size, Share, Growth, Forecast, Industry Report 2023-2032
Glass Reinforced Plastics GRP Pipes Market Report
Glass Reinforced Plastics GRP Pipes Market Size, Growth Rate, And Forecast:
The global glass reinforced plastics (GRP) pipes market size is expected to grow from $4.84 billion in 2022 to $5.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The glass reinforced plastics (GRP) pipes market is expected to grow to $6.55 billion in 2027 at a CAGR of 5.7%.
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Glass Reinforced Plastics GRP Pipes Market Drivers:
The increasing demand for oil and natural gas is expected to propel the glass-reinforced plastic pipes market. Oil and natural gas are used as energy resources that are derived from fossil fuels formed from the underground decomposition of prehistoric organisms several to tens of millions of years. The glass-reinforced plastic pipes are used to transport natural gas and crude oil from wellheads to refineries.
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Glass Reinforced Plastics GRP Pipes Market Segments
•By Resin: Epoxy, Polyester, Vinyl Ester, Other Resins
•By Application: Water Treatment, Sewage Piping, Oil And Gas Pipes, Chemical Processing, Pumping Systems, Marine And Offshore, Other Applications.
•By End-Use Industry: Chemical Industry, Oil And Gas Industry, Construction Industry, Waste Water, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Glass Reinforced Plastics GRP Pipes market.
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Glass Reinforced Plastics GRP Pipes Market Key Players:
Major competitors in the Glass Reinforced Plastics GRP Pipes market include Amiblu Holding GmbH, Composite Pipes Industry, Enduro Composites Inc., Fibrex Corporation, Future Pipe Industries, Graphite India Limited.
The Business Research Company's "Global Glass Reinforced Plastics GRP Pipes Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Glass Reinforced Plastics GRP Pipes Market Include:
1. Executive Summary
2. Glass Reinforced Plastics GRP Pipes Market Characteristics
3. Glass Reinforced Plastics GRP Pipes Market Trends And Strategies
4. Glass Reinforced Plastics GRP Pipes Market - Macro Economic Scenario
5. Glass Reinforced Plastics GRP Pipes Market Size And Growth
....
26. Africa Glass Reinforced Plastics GRP Pipes Market
27. Glass Reinforced Plastics GRP Pipes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glass Reinforced Plastics GRP Pipes Market
29. Glass Reinforced Plastics GRP Pipes Market Future Outlook and Potential Analysis
30. Appendix
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