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
How Large Will the Glass Reinforced Plastics (GRP) Pipes Market Size By 2025?
The market size of glass reinforced plastics (grp) pipes has experienced significant growth in the recent past. Its value is expected to amplify from $5.48 billion in 2024 to approximately $5.8 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The expansion during the historical period is owed to factors such as market comprehension and acceptance, regulatory norms, demand from the oil and gas sector, infrastructure progression, and applications in the water and wastewater industries.
How Big Is the Glass Reinforced Plastics (GRP) Pipes Market Size Expected to Grow by 2029?
In the upcoming years, the market size of glass reinforced plastics (grp) pipes is anticipated to experience significant expansion. It is projected to escalate to $7.51 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to the growth during the forecast period include an uplift in healthcare infrastructure, market outreach in emerging regions, renewable energy framework, and urbanization demands. The forecast period also anticipates trends like resistance to corrosion, sustainable and environmentally friendly solutions, cutting-edge manufacturing methods, smart infrastructure consolidation, and innovation in material design.
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Which Key Market Drivers Powering Glass Reinforced Plastics (GRP) Pipes Market Expansion and Growth?
The surge in oil and natural gas requirements is anticipated to drive the market for glass-reinforced plastic pipes. Derived from fossil fuels, which are a result of underground decomposition of organisms from prehistoric eras, oil and natural gas serve as crucial energy resources. These glass-reinforced plastic pipes provide an efficient means of transporting crude oil and natural gas from extraction sites to refineries. As an illustration, the India Brand Equity Foundation (IBEF), a government export promotion agency based in India, predicts that by 2045, the demand for oil in India will double, reaching 11 million barrels daily. Hence, this rising demand for oil and natural gas fuels the growth of the glass-reinforced plastic pipe 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 industry are channeling their resources towards forming strategic alliances to broaden their product range and optimize supply chain operations. These strategic alliances are cooperative contracts between multiple entities looking to fulfill certain goals while continuing to remain autonomous. The aim of this collaboration is to improve the accessibility of biogas technology and augment the effectiveness of building and managing biogas plants. For instance, in November 2023, Antec, Inc., a company based in the US, established a partnership with AMIBLU Holding GmbH, a firm based in Austria. Teaming up with Amiblu, a producer of glass-reinforced plastic (GRP) pipes, gives Antec the advantage of a more streamlined supply chain. This advantage is critical for accelerated and cost-effective digester production, which in turn can notably decrease the time and resources necessary 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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