North American FRP Pipe Market is Forecasted to Reach USD 0.97 Billion in 2026, Says Stratview Research

The global North American FRP Pipe Market is projected to witness a growth rate annually from 2021 to 2026, with an anticipated size of USD 0.97 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American 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/1051/North-American-FRP-Pipe-Market.html#form

Report Highlights: `
Market Size in 2026: USD 0.97 billion
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the North American FRP Pipe Market:

The global North American FRP Pipe Market is segmented by application type, resin type, diameter type, manufacturing process type, diameter type, pressure rating type and country

Based on the application type: The market is segmented as oil & gas, industrial, water/wastewater, and marine & offshore. The industrial segment is further bifurcated into chemical, power & desalination plants, and others. Analogously, water/wastewater into sewer & stormwater, water transmission & distribution, drainage, and others, and marine & offshore into marine and offshore.
Industrial is expected to remain the largest segment of the region's FRP pipe market in the coming five years. FRP pipes are gaining preference over traditional pipes in a multitude of industrial applications, out of which chemical plants and power & desalination plants, with the consequential usage of FRP pipes across regions. All three resin types are used distinctively in order to cater to different market requirements. FRP pipes manufactured with vinyl ester and polyester resins offer high levels of chemical resistance even in the most aggressive environments.

Oil & gas, another major segment, is expected to register a similar growth trajectory as the industrial one during the forecast period. Years of continuous R&D coupled with the presence of major FRP pipe manufacturers led to the increased penetration of FRP pipes in the region's oil & gas industry as compared to other regions. GRE pipes are mainly used in the oilfield applications and offer non-corrosive characteristics, making them a better choice for oil & gas transportation in a wide range of applications such as flow gathering, water injection, downhole tubing, well casing, and transmission lines in all pressures, temperatures, and mediums.

Based on the resin type: The market is classified as polyester, vinyl ester, and epoxy. Contrary to other regional markets, here, in North America, epoxy is estimated to remain the most dominant resin type during the forecast period. Glass fiber-reinforced epoxy pipes (GRE pipes) have a high chemical and corrosion resistance as well as excellent mechanical, physical, and thermal properties. GRE pipes are capable of handling high-pressure & high-temperature and resist corrosion caused by CO2, H2S, and saltwater, which make them a better choice in oil & gas and marine & offshore applications.

Based on the manufacturing process type: The market is classified as filament winding, centrifugal casting, hand lay-up, spray lay-up, and others. All the major FRP pipe manufacturers have multiple manufacturing processes capabilities to serve a multitude of applications with a wide variety of diameters. Filament winding is likely to remain the most widely preferred manufacturing process in the market, with both helical as well as continuous processes gaining market traction. Centrifugal casting, hand layup, and spray layup also hold a considerable share of the market.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1051/North-American-FRP-Pipe-Market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is estimated to register huge losses due to the pandemic. Despite the huge decline, the USA to maintain its lead in the years to come. This growth outlook is majorly attributed to the following-
• The country is currently the second-largest market in the world after China. Increase in domestic onshore oil & gas production, increasing investment in wastewater and sewage treatment pipelines to drive the market in the USA.
• The country is the manufacturing hub of FRP pipes with the presence of several top players such as Future Pipe Industries, LF Manufacturing, RPS Composites, and National Oil Varco.

North American FRP Pipe Market Drivers:
The growth of the North American FRP Pipe Market is driven by several factors.
• FRP pipes are gaining preference over traditional pipes in a multitude of industrial applications, out of which chemical plants and power & desalination plants, with the consequential usage of FRP pipes across regions. All three resin types are used distinctively in order to cater to different market requirements. FRP pipes manufactured with vinyl ester and polyester resins offer high levels of chemical resistance even in the most aggressive environments.

Top 10 Companies in the North American FRP Pipe Market:
Stratview Research has identified the following companies as the top market players:
• Amiantit Fiberglass Industries Limited
• Conley Composites
• Endurance Composites, LLC
• Future Pipe Industries
• HOBAS Pipe USA
• LFM Fiberglass Structure
• National Oilwell Varco
• RPS composites
• Sekisui Chemicals Co. Ltd

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the North American 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:
• FRP Pipe Market: https://www.stratviewresearch.com/748/fiberglass-pipes-market.html
• Asia-Pacific's FRP Pipe Market: https://www.stratviewresearch.com/1052/asia-pacific-FRP-pipe-market.html

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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.
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This release was published on openPR.