Press release
Glass Reinforced Plastics (GRP) Pipes Global Market Analysis, Trends, Growth, Research And Forecast 2033
Glass Reinforced Plastics (GRP) Pipes Global Market
Glass Reinforced Plastics (GRP) Pipes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $6.42 billion In 2028 At A CAGR Of 10.6% :
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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Glass Reinforced Plastics (GRP) Pipes Market Major Segments
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
Key Driver - Surging Energy Demands Propel Glass-Reinforced Plastic Pipes Market Key Role In Efficient Oil And Gas Transportation
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.
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Prominent Trend - Technological Advancements Revolutionize Glass-Reinforced Plastic Pipes Market With Automated Joining Methods
Technological advancements are gaining popularity in the glass-reinforced plastic pipes market. The market players are concentrating their efforts on developing new technology, such as the use of an automated tape-layered machine (ATL) for joining the GRP pipes. For instance, in March 2020, according to an article published in World Scientific Publishing, a Singapore-based academic publisher, a new method is developed for joining the GRP pipes. This method involves the use of an automated process that includes using robots and has benefits such as rapid processing, reduction of manpower, and safety. The machine is an automated tape-layered machine (ATL) to improve the bonding process inside the GRP pipes.
Glass Reinforced Plastics (GRP) Pipes 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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the glass reinforced plastics market in 2023. The regions covered in the glass reinforced plastics (grp) pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Glass Reinforced Plastics (GRP) Pipes Market Report Structure
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
…..
27. Glass Reinforced Plastics (GRP) Pipes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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