Press release
Global Glass Reinforced Plastics (GRP) Pipes Market: CAGR, Market Size, Growth Drivers and Key Trends
Global Glass Reinforced Plastics (GRP) Pipes Market
Unwrapping the future potential of the GRP Pipes Market: Trending towards a market size of $7.68 billion by 2029 with a forecasted CAGR of 7.0%.
What Is The Projected Market Size Of The Global Glass Reinforced Plastics (GRP) Pipes Market And Its Growth Rate?
The GRP market has shown strong growth:
•Market grew from $5.48 billion in 2024 to $5.86 billion in 2025 at a CAGR of 6.9%
•Market size is expected to grow to $7.68 billion in 2029 at a CAGR of 7.0%
Key contributors to historic growth include market awareness and acceptance, regulatory standards, oil and gas industry demand, infrastructure development, water and wastewater applications.
Forecast period growth will be driven by healthcare infrastructure growth, market expansion in developing regions, renewable energy infrastructure, and urbanization needs.
What Is Driving The Growth In The Glass Reinforced Plastics (GRP) Pipes Market?
The rising demand for oil and natural gas is a key driver of the market growth. GRP pipes are extensively used in the transport of natural gas and crude oil from wellheads to refineries. For instance, according to the India Brand Equity Foundation (IBEF), India's oil demand is expected to double, reaching 11 million barrels per day by 2045. Hence, the increasing demand for oil and natural gas is propelling the growth of the GRP pipe market.
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Who Are the Key Players Driving Glass Reinforced Plastics (GRP) Pipes Market Growth?
Key players driving the growth of this market include:
•Amiblu Holding GmbH
•Composite Pipes Industry
•Enduro Composites Inc.
•Fibrex Corporation
•Future Pipe Industries
•Advanced Composites Inc.
•Reliance Industries Ltd.
•Nippon Electric Glass Co. Ltd.
•Mitsubishi Chemical Corporation
•Aegion Corporation
•Toray Industries Inc.
What Are The Key Trends In The Glass Reinforced Plastics (GRP) Pipes Market?
Foreseeable trends include:
•Increasing corrosion resistance
•Adoption of sustainable and eco-friendly solutions
•Introduction of advanced manufacturing techniques
•Smart infrastructure integration
•Innovation in material development
What Are The Segments Of The Global Glass Reinforced Plastics (GRP) Pipes Market?
The global GRP Pipes Market segments are:
•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
Which Region Leads The Glass Reinforced Plastics (GRP) Pipes Market?
Asia-Pacific led the global GRP market in 2024. Given the intrinsic potential of this market, regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa are expected to experience noticeable growth.
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What Is Covered In The Glass Reinforced Plastics (GRP) Pipes Market Global Market Report?
- Market Size Analysis: Analyze the Glass Reinforced Plastics (GRP) Pipes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Glass Reinforced Plastics (GRP) Pipes Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Glass Reinforced Plastics (GRP) Pipes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Glass Reinforced Plastics (GRP) Pipes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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