Press release
Glass Reinforced Plastics (GRP) Pipes Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Glass Reinforced Plastics (GRP) Pipes Market
The Business Research Company presents an extensive market research report on the Glass Reinforced Plastics (GRP) Pipes Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The glass reinforced plastics (grp) pipes market size has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to market awareness and acceptance, regulatory standards, oil and gas industry demand, infrastructure development, water and wastewater applications..
The glass reinforced plastics (grp) pipes market size is expected to see strong growth in the next few years. It will grow to $7.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to healthcare infrastructure growth, market expansion in developing region, renewable energy infrastructure, urbanization needs.. Major trends in the forecast period include corrosion resistance, sustainable and eco-friendly solutions, advanced manufacturing techniques, smart infrastructure integration, innovation in material development.
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Key Market Players:
Major companies operating in the glass reinforced plastics (grp) pipes market report are Amiblu Holding GmbH, Composite Pipes Industry, Enduro Composites Inc., Fibrex Corporation, Future Pipe Industries, BASF SE, Advanced Composites Inc., PPG Industries Inc., Reliance Industries Ltd., Nippon Electric Glass Co. Ltd., Mitsubishi Chemical Corporation, Aegion Corporation, Toray Industries Inc., Owens Corning, Asahi Fibreglass Company, Jushi Group Co. Ltd., Taishan Fiberglass Inc., Johns Manville Corp., Saint-Gobain SA, AGY Holding Corp, Binani Industries Ltd., China Beihai Fiberglass Co. Ltd., Chongqing Polycomp International Corp., Fiber-Tech Industries Inc., Fiberglass Coatings Inc., Fibrelite Composite Structures Ltd., Glasforms Inc., Glasteel Inc., Grating Pacific Inc., Hanwha Advanced Materials Corporation, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
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. For instance, according to India Brand Equity Foundation (IBEF), an India-based government export promotion agency, in India, the oil demand is expected to register double growth to reach 11 million barrels per day by 2045. Therefore, the increasing demand for oil and natural gas is driving the growth of the glass-reinforced plastic pipe market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/glass-reinforced-plastics-grp-pipes-global-market-report
The glass reinforced plastics (grp) pipes market covered in this report is segmented -
1) By Resin: Epoxy, Polyester, Vinyl Ester, Other Resins
2) By Application: Water Treatment, Sewage Piping, Oil And Gas Pipes, Chemical Processing, Pumping Systems, Marine And Offshore, Other Applications.
3) By End-Use Industry: Chemical Industry, Oil And Gas Industry, Construction Industry, Waste Water, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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