Oil & Gas FRP Pipe Market is Forecasted to Reach US$ 948.0 million in 2028, Says Stratview Research

The global Oil & Gas FRP Pipe Market is projected to witness a growth rate of 3.9% annually from 2023 to 2028, with an anticipated size of US$ 948.0 million in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Oil & Gas FRP Pipe Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1086/oil-&-gas-frp-pipe-market.html#form

Report Highlights:
Market Size in 2028: US$ 948.0 million
Growth (CAGR): 3.9% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Oil & Gas FRP Pipe Market:
The global Oil & Gas FRP Pipe Market is segmented application type, pipe diameter type, pressure type, resin system type, manufacturing process type and region

Based on application type: The market is segmented as flow lines, downhole tubing and well casing, transmission lines, and others. Flowline is likely to remain the most dominant application in the market during the forecast period.
The oil industry stakeholders are increasingly relying on water injection to maintain production levels. As flow rates and injection pressures increase so do the corrosion and erosion challenges. GRE pipe is non-corrosive making it ideal for use in these applications.

Based on resin system type: The market is classified as epoxy resin and other resins. The epoxy (GRE pipe) segment is further bifurcated based on the curing agent type as aliphatic Amine, aromatic Amine, and anhydride.
Epoxy is estimated to remain the dominant resin system in the market in the coming five years. GRE pipes have high chemical and corrosion resistance as well as excellent mechanical, physical, and thermal properties. GRE pipes are capable to handle high pressure & temperature and resist corrosion caused by CO2, H2S, and saltwater, making them a preferred choice in oil & gas applications.

Based on manufacturing process type: The market is classified as filament winding, centrifugal casting, and others. The filament winding process is estimated to remain the most dominant manufacturing process in the market during the forecast period.
The filament winding process allows continuous fiber reinforcement in the circumferential direction of the pressure pipe where the principal stress applies, resulting in high-performing product development at a lower cost. All the major FRP pipe manufacturers are increasingly relying on the filament winding technology to fabricate FRP pipes.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1086/oil-&-gas-frp-pipe-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is projected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• The COVID-19 outbreak has significantly curtailed the oil demand, which in turn may affect the expenditure of exploration and production in the coming years.

Oil & Gas FRP Pipe Market Drivers:
The Oil & Gas FRP Pipe Market is driven by several key factors, including:
• World energy demand continues to rise in the long run with increased exploration and production activities both, onshore and offshore.
• The non-corrosive characteristic of FRP piping systems positions them as the materials of choice for efficient fluid transportation in a wide range of applications in all pressures, temperatures, and mediums.
• Light weight of FRP pipes, durability, corrosion resistance, chemical resistance, high level of stiffness, freedom of design, and low maintenance & installation cost.

Top 10 Companies in the Oil & Gas FRP Pipe Market:
Stratview Research has identified the following companies as the top market players:
• Amiantit Fiberglass Industries Limited
• EPP Composites Pvt. Ltd
• Farassan Man. & Ind. Company
• Daqing Harvest Longwall High Pressure FRP Co., Ltd.
• Future Pipe Industries
• HOVOY Composite
• Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
• National Oilwell Varco
• SUZHOU JIUMEI FIBER GLASS Co., Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Oil & Gas FRP Pipe Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Asia-Pacific's FRP Pipe Market: https://www.stratviewresearch.com/1052/asia-pacific-FRP-pipe-market.html
• FRP Pipe Market: https://www.stratviewresearch.com/748/fiberglass-pipes-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.