According to the recent study the FRP pipe market is projected to reach an estimated $6 Billion by 2030 from $5 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for cost-effective, corrosion and temperature resistant pipes in different end use industries.
Browse 107 figures/charts
and 68 tables in this 307-page report to understand trends, opportunities and
forecast in FRP pipe market by application (oil and gas, retail fuel,
water/wastewater, sewage, pulp/paper, chemical/industrial and others ),
diameter (small (<18”), medium (18”-60”) and large (>60”)), resin
(polyester resin based FRP pipe, epoxy resin based FRP pipe and vinyl ester
resin based FRP pipe), pressure rating (less than 150 psi, 150-300 psi and more
than 300 psi), manufacturing process (filament winding, centrifugal casting and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel forecasts that
chemical/industrial segment will remain the largest application over the
forecast period due to infrastructure developments, rapid industrialization and
replacing old piping system in industrial firefighting divisions. Oil and Gas
segment by application is expected to witness the highest growth over the
forecast period.
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FRP pipe market
Epoxy composite based
FRP pipe will remain the largest segment over the forecast period due to its
excellent corrosion, high strength, dimensional stability, and adhesion
properties compared to other resins.
Asia Pacific is expected
to remain the largest region over the forecast period due to tremendous
economic growth in China and India. Increase in urbanization and growing
population, governments are focusing on the development of infrastructure
facilities, the construction of new water supply and treatment systems, and the
replacement of existing outdated pipeline systems.
Future Pipe Industries,
National Oilwell Varco (NOV), Hengrun Group Co. Ltd., Amiblu Holding Gmbh
(Hobas Pipe), Amaintit, Farassan, Kinflare Group, Sekisui Chemicals, and Abu
Dhabi Pipe Factory are among the major FRP pipe market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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