Press release
Surging Energy Demands Propel Glass-Reinforced Plastic Pipes Market Key Role In Efficient Oil And Gas Transportation Driving Market Acceleration in the Glass Reinforced Plastics (GRP) Pipes Industry, 2025
Glass Reinforced Plastics (GRP) Pipes Market Size
How Large Will the Glass Reinforced Plastics (GRP) Pipes Market Size By 2025?
The market for glass reinforced plastics (GRP) pipes has seen impressive growth over the previous years. Its size is likely to increase from $5.48 billion in 2024 to $5.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The expansion during the historic period can be linked to heightened market understanding and acceptance, regulatory norms, demand from the oil and gas sector, infrastructure growth, as well as water and wastewater applications.
How Big Is the Glass Reinforced Plastics (GRP) Pipes Market Size Expected to Grow by 2029?
The market for glass reinforced plastics (GRP) pipes is predicted to experience robust expansion in the foroming years, promising to reach a value of $7.68 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.0%. This anticipated growth over the forecast timeframe can be linked to the development in healare infrastructure, market proliferation in emergent regions, the establishment of renewable energy infrastructure, and urbanization requirements. The primary trends forecasted for this period encompass corrosion resistance, utilization of sustainable and eco-friendly solutions, deployment of advanced manufacturing methods, integration with smart infrastructure, and innovation in materials.
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Which Key Market Drivers Powering Glass Reinforced Plastics (GRP) Pipes Market Expansion and Growth?
The glass-reinforced plastic pipes market is anticipated to be propelled by the surging demand for oil and natural gas. Both of these are energy resources sourced from fossil fuels, which originate from the subterranean decay of prehistoric organisms over several to tens of millions of years. Glass-reinforced plastic pipes serve to convey natural gas and crude oil from production sites to refineries. The India Brand Equity Foundation (IBEF), a government export promotion agency based in India, indicates that the demand for oil in India is poised to double, reaching 11 million barrels per day by 2045. Consequently, this growing need for oil and natural gas fosters the expansion of the glass-reinforced plastic pipes market.
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Which Fast-Growing Trends Are Poised to Disrupt the Glass Reinforced Plastics (GRP) Pipes Market?
Key players in the glass-reinforced plastic pipes market are concentrating on forming strategic partnerships to increase their product range and strengthen their supply chain operations. Strategic partnerships are cooperative deals between two or more firms aimed at achieving specific goals while maintaining their individual autonomy. The aim of this partnership is to improve the availability of biogas technology and increase the effectiveness of building and running biogas plants. For example, in November 2023, US-based Antec, Inc. entered into a partnership with AMIBLU Holding GmbH, an Austrian company. With this partnership, Antec has teamed up with Amiblu, a producer of glass-reinforced plastic (GRP) pipes, which provides Antec with a more streamlined supply chain. This improved access is crucial for a more rapid and cost-effective production of digesters, thereby significantly cutting down on the time and resources required for plant establishment.
What Are the Emerging Segments in the Glass Reinforced Plastics (GRP) Pipes Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Glass Reinforced Plastics (GRP) Pipes Industry?
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.
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