FRP Pipe Research:CAGR of 5.5% between 2025 and 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "FRP Pipe- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for FRP Pipe was estimated to be worth US$ 4768 million in 2024 and is forecast to a readjusted size of US$ 6945 million by 2031 with a CAGR of 5.6% during the forecast period 2025-2031.

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FRP Pipe Market Summary

FRP Pipe products are manufactured by reinforcing with glass fibres, hence also known as FRP composite. Glassfibre reinforced plastic (GRP) or glassfibre reinforced epoxy (GRE) is the best when it comes to functional and durability aspect.

The global FRP Pipe market was valued at USD 3,286 million in 2024. It is expected to reach USD 4,684 million by the end of 2031, growing at a CAGR of 5.5% between 2025 and 2031.

Figure00001. Global FRP Pipe Market Size (US$ Million), 2020-2031

FRP Pipe

Above data is based on report from QYResearch: Global FRP Pipe Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00002. Global FRP Pipe Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

FRP Pipe

Above data is based on report from QYResearch: Global FRP Pipe Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of FRP Pipe include Wietersdorfer, Future Pipe Industries (FPI), National Oilwell Varco (NOV), Mattr, Farassan, Amiantit, Lianyungang Zhongfu, Abu Dhabi Pipe Factory, Hengrun Group, Chemical Process Piping (CPP), etc. In 2024, the global top 10 players had a share approximately 55.0% in terms of revenue.

Figure00003. FRP Pipe, Global Market Size, Split by Product Segment

FRP Pipe

Based on or includes research from QYResearch: Global FRP Pipe Market Report 2025-2031.

In terms of product type, currently Polyester is the largest segment, hold a share of 64.7%.

In terms of product application, currently Oil and Gas is the largest segment, hold a share of 31.8%.

FRP Pipe Market Trends

Technological Advancements in Manufacturing: Innovations in resin formulations and production techniques (e.g., filament winding and centrifugal casting) are improving pipe strength, flexibility, and cost-efficiency. Smart pipe technologies with embedded sensors for real-time monitoring are also emerging, enhancing demand in high-risk applications.

Sustainability & Environmental Regulations: FRP pipes are gaining traction due to their eco-friendly properties, including lower carbon footprint compared to metal pipes. Stricter environmental regulations on pipeline emissions and leak prevention are further accelerating adoption.

FRP Pipe Market Drivers

Rising Demand in Oil & Gas Industry: The oil & gas sector remains a major consumer of FRP pipes due to their resistance to harsh chemicals and high-pressure environments. Offshore drilling activities, in particular, are driving demand, as these pipes are ideal for corrosive seawater applications. Additionally, the shift toward unconventional oil & gas extraction (e.g., shale gas) is boosting market growth.

Growing Water & Wastewater Infrastructure Investments: Governments worldwide are investing in modernizing water supply and sewage systems, especially in emerging economies. GRP pipes are increasingly preferred for water transmission and drainage due to their durability, leak-proof nature, and low maintenance costs. Countries like India, China, and those in the Middle East are leading this trend.

Replacement of Aging Metal Pipes: Many industries are replacing old steel and concrete pipes with FRP alternatives to reduce corrosion-related failures and maintenance expenses. This trend is prominent in chemical plants, desalination facilities, and power generation units, where corrosion resistance is critical.

FRP Pipe Market Challenges

High Initial Costs: One of the biggest barriers to FRP pipe adoption is their higher upfront cost compared to traditional materials like steel, ductile iron, or PVC. While these pipes offer long-term savings through reduced maintenance and longer lifespans, many end-users-especially in cost-sensitive markets-prefer cheaper alternatives for initial installations. This is particularly true in developing regions where budget constraints limit infrastructure investments. Additionally, the raw materials used in FRP pipes (such as epoxy resins, fiberglass, and specialty additives) are subject to price volatility due to fluctuations in petroleum prices and supply chain disruptions, further increasing production costs.

Limited Standardization & Certification Issues: Unlike metals, which have globally recognized standards (e.g., ASTM, API, ISO), FRP pipes lack uniform international standards, leading to inconsistencies in quality and performance. This creates hesitation among engineers and project planners who rely on standardized specifications for safety and reliability. Moreover, obtaining industry-specific certifications (e.g., for oil & gas, potable water) can be time-consuming and costly, slowing down market penetration.

Installation & Handling Challenges: Although FRP pipes are lightweight, their installation requires specialized techniques and trained personnel. Improper handling can lead to joint failures or structural damage, increasing project risks. In contrast, traditional materials like steel have well-established installation practices, making them more appealing for contractors unfamiliar with composite piping systems. Additionally, repairing damaged FRP pipes can be more complex than fixing metal or plastic pipes, requiring specific resins and curing processes.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The FRP Pipe market is segmented as below:
By Company
Future Pipe Industries (FPI)
National Oilwell Varco (NOV)
AMIBLU
Farassan
Fibrex
Lianyungang Zhongfu
Hengrun Group
Abu Dhabi Pipe Factory
Shawcor (ZCL Composites Inc)
Enduro Composites
Chemical Process Piping (CPP)
Graphite India Limited

Segment by Type
Polyester
Epoxy
Other

Segment by Application
Oil and Gas
Municipal
Agricultural Irrigation
Industrial
Other Applications

Each chapter of the report provides detailed information for readers to further understand the FRP Pipe market:

Chapter 1: Introduces the report scope of the FRP Pipe report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of FRP Pipe manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various FRP Pipe market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of FRP Pipe in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of FRP Pipe in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth FRP Pipe competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides FRP Pipe comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides FRP Pipe market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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