Press release
Glass Reinforced Plastics (GRP) Pipes Market Poised for 7 % Growth, Set to Hit $7.68 Billion by 2029
Glass Reinforced Plastics (GRP) Pipes Market Research
Anticipations of a rise in the requirement for oil and natural gas are set to fuel the expansion of the glass-reinforced plastic pipes market. These two energy sources, both derivatives of fossil fuels formed from the decomposition of prehistoric organisms deep underground over millions of years, have a key role in stimulating market growth. Glass-reinforced plastic pipes serve as conduits, ferrying natural gas and crude oil from drilling sites to refining plants. To illustrate, the India Brand Equity Foundation (IBEF), a government export promotion agency based in India, has predicted that the demand for oil in the country is forecasted to see two-fold growth reaching 11 million barrels per day by 2045. Consequently, the escalating needs for oil and natural gas are the key drivers propelling the expansion of the glass-reinforced plastic pipe market.
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What growth opportunities are expected to drive the glass reinforced plastics (grp) pipes market's CAGR through 2034?
In the recent years, there has been a significant growth in the market size of glass reinforced plastics (GRP) pipes. Further growth is anticipated, with the market size expanding from a value of $5.48 billion in 2024 to $5.86 billion in 2025, resulting in a compound annual growth rate (CAGR) of 6.9%. Factors such as improved market awareness and acceptance, established regulatory standards, demand from the oil and gas sector, infrastructure development, along with water and wastewater applications, have contributed to the growth during the preceding period.
In the upcoming years, the glass reinforced plastics (GRP) pipes market size is anticipated to experience significant growth, escalating to $7.68 billion by 2029 with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this predicted growth during the forecast period include the expansion of healthcare infrastructure, growth in developing regions, development of renewable energy infrastructure, and urbanization demands. The forecast period is also expected to witness key trends such as corrosion resistance, environment-friendly and sustainable solutions, the introduction of advanced manufacturing techniques, smart infrastructure integration, and innovative material development.
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What are the emerging trends shaping the future of the glass reinforced plastics (grp) pipes market?
Key businesses in the glass-reinforced plastic pipes market, like Antec, Inc. and AMIBLU Holding GmbH, are gravitating towards strategic partnerships to boost product enhancement and streamline their supply chains. This symbiotic collaboration between multiple organizations is aimed at achieving specific targets while maintaining their autonomy. Such alliances are particularly important in increasing the reach of biogas technology and promoting more efficient construction and operation of biogas plants. For example, the alliance forged in November 2023 between US-based Antec, Inc. and Austria-based AMIBLU Holding GmbH, enables Antec, Inc. to benefit from a more streamlined supply chain facilitated by AMIBLU, a firm that manufactures glass-reinforced plastic (GRP) pipes. This alliance is instrumental in expediting digester production and reducing cost, resulting in significant savings in time and resources during plant construction.
Which growth-oriented segments of the glass reinforced plastics (grp) pipes market are leading the industry's development?
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
Subsegments:
1) By Epoxy: Standard Epoxy Resins, Modified Epoxy Resins
2) By Polyester: Unsaturated Polyester Resins, Orthophthalic Polyester Resins, Isophthalic Polyester Resins
3) By Vinyl Ester: Bisphenol A Vinyl Ester, Novolac Vinyl Ester
4) By Other Resins: Phenolic Resins, Thermoplastic Resins, Other Specialty Resins
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What regions are leading the charge in the glass reinforced plastics (grp) pipes market?
Asia-Pacific was the largest region in the glass reinforced plastics market in 2024. 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.
What companies are at the forefront of innovation in the glass reinforced plastics (grp) pipes market?
Major companies operating in the glass reinforced plastics (GRP) pipes market are 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., Asahi Fibreglass Company, Jushi Group Co. Ltd., Taishan Fiberglass Inc., AGY Holding Corp, China Beihai Fiberglass Co. Ltd., Chongqing Polycomp International Corp., Fiber-Tech Industries Inc., Fiberglass Coatings Inc., Fibrelite Composite Structures Ltd., Glasforms Inc., Glasteel Inc., Hanwha Advanced Materials Corporation, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
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What Is Covered In The Glass Reinforced Plastics (GRP) Pipes Global Market Report?
• Market Size Forecast: Examine the glass reinforced plastics (grp) pipes market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the glass reinforced plastics (grp) pipes market for a structured understanding.
• Key Players Overview: Analyze major players in the glass reinforced plastics (grp) pipes market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the glass reinforced plastics (grp) pipes market.
• Segment Contributions: Evaluate how different segments drive overall growth in the glass reinforced plastics (grp) pipes market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the glass reinforced plastics (grp) pipes market.
• Industry Challenges: Identify potential risks and obstacles affecting the glass reinforced plastics (grp) pipes market.
• Competitive Landscape: Review strategic developments in the glass reinforced plastics (grp) pipes market, including expansions, agreements, and new product launches.
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