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The total value of the global FRP pipe market was $3.88 billion in 2022, and it is expected to increase to $5.59 billion by 2030, a CAGR of 5.2% between 2023 and 2030.
Drivers
The need for long-lasting piping systems that are resistant to corrosion is growing in a number of sectors.
Demand for long-lasting piping solutions that are resistant to corrosion is a major factor driving the worldwide FRP pipe market. Materials that can tolerate corrosive environments and provide lasting performance are in high demand as industrial processes become more harsh and demanding. Because of its high corrosion resistance, FRP pipes are often used in places where other materials, such as steel or concrete, would deteriorate over time. Because of this factor, FRP pipes are becoming increasingly popular in sectors including the oil and gas industry, the water and wastewater treatment sector, and the chemical processing sector.
Restraints
The initial investment in FRP pipes is high compared to more conventional options.
The high upfront cost of FRP pipes, when compared to more conventional materials, is a major factor holding back the worldwide FRP pipe industry. While the lower maintenance and replacement costs over time make FRP pipes an attractive option, the larger initial expenditure may be a problem for projects with limited funds. In countries or industries where cost-effectiveness is particularly important, this price point may discourage some potential end-users from immediately adopting FRP pipes. However, this limitation is anticipated to be significantly alleviated as time goes on thanks to continual improvements in production techniques and improved economies of scale.
The global market for Fibre Reinforced Plastic (FRP) pipes is booming, with high demand coming from a wide range of sectors. Oil and gas, water and wastewater treatment, chemical, and infrastructure construction are just some of the industries that have embraced FRP pipes due to its remarkable qualities such as high strength, corrosion resistance, lightweight, and durability. As an environmentally preferable option to more conventional materials, FRP pipes have helped fuel the market's growth with the trend towards sustainable and eco-friendly solutions. Demand for FRP pipes is also being fueled by the growing interest in and funding for infrastructure development projects, particularly in developing nations. The business has also been helped by strict government restrictions that encourage the use of non-corrosive materials in industrial operations. More and more people are choosing to use FRP pipes because of how well they work and how little they cost thanks to ongoing research and development efforts. In order to increase their foothold in the market and diversify their offerings, the major players have been engaging in a flurry of mergers, acquisitions, and strategic partnerships. During the projected period, the market is also likely to benefit from the increasing demand for FRP pipes in areas such as desalination plants and offshore drilling. Despite these benefits, there are still obstacles in the market, such as the high upfront prices of FRP pipes and the availability of substitute materials. The worldwide FRP pipe market is expected to continue its upward trajectory for the foreseeable future as a result of the growing industrial and infrastructure sectors.
Market Tendencies
More people are switching to FRP pipes, which are more sustainable and environmentally friendly. The rising popularity of sustainable FRP pipe solutions is a major development in the global FRP pipe market. Industries are looking for environmentally friendly substitutes for conventional materials as environmental concerns grow in importance. Consumer interest is growing in FRP pipes that use recycled materials or are constructed to produce less carbon emissions. Manufacturers are working hard to create cutting-edge, environmentally friendly FRP pipes with the same high performance qualities as their conventional counterparts but with a smaller carbon footprint. This movement coincides with an uptick in business calls for eco-friendly infrastructure solutions, adding fuel to the market's expansion in this area.
There is a lot of competition in the worldwide FRP pipe market since everyone wants a bigger slice of the pie. To meet the varying demands of various sectors, businesses are investing in R&D and new product development to improve the functionality and characteristics of FRP pipes. Market participants frequently employ strategic partnerships, mergers, and acquisitions to increase their footprint in existing markets and develop new ones. In addition, in response to rising environmental concerns and strict restrictions, manufacturers are placing a premium on sustainable practises and eco-friendly solutions. Increasing investments in infrastructure development and the growth of industries like oil and gas, water and wastewater treatment, and chemical processing fuel the competitive nature of the market by providing companies with opportunities to capture new markets and maintain a competitive edge.
Report Coverage
Global FRP Pipe research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global FRP Pipe report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and FRP Pipe competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key FRP Pipe market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global FRP Pipe market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, FRP Pipe market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Augusta Fiberglass (US), Enduro Composites (US), Ershigs Inc (US), Fibrex Fiberglass Pipe (US), FRP SYSTEMS (US), Hanwei Energy Services Corp. (Canada), HOBAS (Austria), Industrial Plastic Systems (US), Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd (China), NOV Inc. (US), Sarplast (Italy), Saudi Arabian Amiantit Co. (Saudi Arabia), Shawcor Ltd. (Canada), Amitech Germany GmbH (Germany), ZCL Composites Inc. (Canada), Hengrun Group Co. Ltd (China), Future Pipe Industries (UAE), Graphite India Limited (India), National Oilwell Varco (US), Plasticon Composites (Netherlands).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global FRP Pipe market based on the below-mentioned segments:
Global FRP Pipe Market, By Type
Glass-reinforced Polyester
Glass-reinforced Vinyl Ester
Glass-reinforced Epoxy
Global FRP Pipe market, By Application
Water & Wastewater
Chemical & Industrial
Oil and Gas
Power Generation
Others
Global FRP Pipe Market, By Manufacturing Process
Centrifugal Casting
Filament Winding
Pultrusion
Others
Global FRP Pipe market, Regional Analysis
Drivers
The need for long-lasting piping systems that are resistant to corrosion is growing in a number of sectors.
Demand for long-lasting piping solutions that are resistant to corrosion is a major factor driving the worldwide FRP pipe market. Materials that can tolerate corrosive environments and provide lasting performance are in high demand as industrial processes become more harsh and demanding. Because of its high corrosion resistance, FRP pipes are often used in places where other materials, such as steel or concrete, would deteriorate over time. Because of this factor, FRP pipes are becoming increasingly popular in sectors including the oil and gas industry, the water and wastewater treatment sector, and the chemical processing sector.
Restraints
The initial investment in FRP pipes is high compared to more conventional options.
The high upfront cost of FRP pipes, when compared to more conventional materials, is a major factor holding back the worldwide FRP pipe industry. While the lower maintenance and replacement costs over time make FRP pipes an attractive option, the larger initial expenditure may be a problem for projects with limited funds. In countries or industries where cost-effectiveness is particularly important, this price point may discourage some potential end-users from immediately adopting FRP pipes. However, this limitation is anticipated to be significantly alleviated as time goes on thanks to continual improvements in production techniques and improved economies of scale.
The global market for Fibre Reinforced Plastic (FRP) pipes is booming, with high demand coming from a wide range of sectors. Oil and gas, water and wastewater treatment, chemical, and infrastructure construction are just some of the industries that have embraced FRP pipes due to its remarkable qualities such as high strength, corrosion resistance, lightweight, and durability. As an environmentally preferable option to more conventional materials, FRP pipes have helped fuel the market's growth with the trend towards sustainable and eco-friendly solutions. Demand for FRP pipes is also being fueled by the growing interest in and funding for infrastructure development projects, particularly in developing nations. The business has also been helped by strict government restrictions that encourage the use of non-corrosive materials in industrial operations. More and more people are choosing to use FRP pipes because of how well they work and how little they cost thanks to ongoing research and development efforts. In order to increase their foothold in the market and diversify their offerings, the major players have been engaging in a flurry of mergers, acquisitions, and strategic partnerships. During the projected period, the market is also likely to benefit from the increasing demand for FRP pipes in areas such as desalination plants and offshore drilling. Despite these benefits, there are still obstacles in the market, such as the high upfront prices of FRP pipes and the availability of substitute materials. The worldwide FRP pipe market is expected to continue its upward trajectory for the foreseeable future as a result of the growing industrial and infrastructure sectors.
Market Tendencies
More people are switching to FRP pipes, which are more sustainable and environmentally friendly. The rising popularity of sustainable FRP pipe solutions is a major development in the global FRP pipe market. Industries are looking for environmentally friendly substitutes for conventional materials as environmental concerns grow in importance. Consumer interest is growing in FRP pipes that use recycled materials or are constructed to produce less carbon emissions. Manufacturers are working hard to create cutting-edge, environmentally friendly FRP pipes with the same high performance qualities as their conventional counterparts but with a smaller carbon footprint. This movement coincides with an uptick in business calls for eco-friendly infrastructure solutions, adding fuel to the market's expansion in this area.
There is a lot of competition in the worldwide FRP pipe market since everyone wants a bigger slice of the pie. To meet the varying demands of various sectors, businesses are investing in R&D and new product development to improve the functionality and characteristics of FRP pipes. Market participants frequently employ strategic partnerships, mergers, and acquisitions to increase their footprint in existing markets and develop new ones. In addition, in response to rising environmental concerns and strict restrictions, manufacturers are placing a premium on sustainable practises and eco-friendly solutions. Increasing investments in infrastructure development and the growth of industries like oil and gas, water and wastewater treatment, and chemical processing fuel the competitive nature of the market by providing companies with opportunities to capture new markets and maintain a competitive edge.
Report Coverage
Global FRP Pipe research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global FRP Pipe report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and FRP Pipe competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key FRP Pipe market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Chemical Process Piping Pvt. Ltd., China National Building Material Company Limited, Ershigs Inc., Fibrex, Future Pipes Industries L.L.C, HOBAS, National Oilwell Varco Inc., Sarplast SA, Sekisui Chemical Co. LTD, and Saudi Arabian Amiantit Company. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of FRP Pipe Market from 2021 to 2030.
- Market Forecast for FRP Pipe Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, FRP Pipe competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on FRP Pipe
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global FRP Pipe market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, FRP Pipe market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Augusta Fiberglass (US), Enduro Composites (US), Ershigs Inc (US), Fibrex Fiberglass Pipe (US), FRP SYSTEMS (US), Hanwei Energy Services Corp. (Canada), HOBAS (Austria), Industrial Plastic Systems (US), Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd (China), NOV Inc. (US), Sarplast (Italy), Saudi Arabian Amiantit Co. (Saudi Arabia), Shawcor Ltd. (Canada), Amitech Germany GmbH (Germany), ZCL Composites Inc. (Canada), Hengrun Group Co. Ltd (China), Future Pipe Industries (UAE), Graphite India Limited (India), National Oilwell Varco (US), Plasticon Composites (Netherlands).
Primary Target Market
- Market Players of FRP Pipe
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global FRP Pipe market based on the below-mentioned segments:
Global FRP Pipe Market, By Type
Glass-reinforced Polyester
Glass-reinforced Vinyl Ester
Glass-reinforced Epoxy
Global FRP Pipe market, By Application
Water & Wastewater
Chemical & Industrial
Oil and Gas
Power Generation
Others
Global FRP Pipe Market, By Manufacturing Process
Centrifugal Casting
Filament Winding
Pultrusion
Others
Global FRP Pipe market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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