According to a new market report published by
Lucintel, the future of the Middle East FRP pipe market looks good with opportunities
in the water/wastewater, chemical/industrial, and onshore oil and gas
industries. The Middle East FRP (fiber reinforced plastic) pipe market is forecast
to grow at a CAGR of 3.7% by value from 2016 to 2021.The major drivers of growth
for this market are increase in construction of water supply systems,
development of sewage treatment, and the expanding offshore oil and gas
industry.
In this market, glass fiber with polyester,
vinyl ester, and epoxy resins are used to manufacture FRP pipes. Lucintel predicts
that the demand for epoxy composites in FRP pipes is expected to experience the
highest growth in the forecast period, supported by growing demand in
water/wastewater, oil and gas, and chemical applications. On the basis of its
comprehensive research, Lucintel forecasts that the water/waste water and
chemical segments are expected to show above average growth during the forecast
period.
Within the FRP pipe market, water/waste water
is expected to remain the largest market by value and volume consumption. Increasing
establishment of water desalination plants to supply water for industrial and
household application to provide potable water is expected to spur growth for this segment over the forecast period.
For business
expansion, the report suggests innovation and new product development, to manufacture
low-cost FRP pipe. Emerging trends, which have a direct impact
on the dynamics of the industry, include the introduction of onsite
manufacturing facilities and increasing rehabilitation activities of pipelines.
Future Pipe Industries, Aminatit
Group, Advanced Pipe and Cast Company, Farassan, and Hobas Pipe are among the
major suppliers of FRP pipe.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in middle
eastern FRP pipe industry by end-use
industry and material type and has come up with a comprehensive research
report, “Growth
Opportunities in Middle Eastern FRP Pipe Industry 2016-2021: Trends, Forecast,
and Market Analysis .” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for opportunities in middle eastern FRP pipe industry
by end-use industry and material type as follows:
By end use industry (Volume (Million
Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
·
Oil and Gas
·
Water and Wastewater
·
Chemical/ Industrial
·
Others
By material type (Volume (Million
Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
·
Polyester Composites
·
Vinyl Ester Composites
·
Epoxy Composites
This
120-page 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 click on this link http://www.lucintel.com/reports/chemical_composites/middle_eastern_frp_pipe_industry_2016_2021.aspx……
or helpdesk@lucintel.com. Lucintel
offerings include Advanced
Materials Reports, Composite
Materials Market Report, Strategic
Growth Consulting, Commercial Due Diligence
Report and Business
Strategy Consulting.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers following 10 key
questions:
Q.
1. What are some of the potential, high-growth opportunities in the Middle East
FRP Pipe Market by end use applications and material type?
Q.
2.Which product segments will grow at a faster pace and why?
Q.3.What
are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.4.What
are the business risks and competitive threats in this market?
Q.5.What
are emerging trends in this market and reasons behind them?
Q.6.What
are some changing demands of customers in the market?
Q.7.What
are the new developments in the market and which companies are leading these
developments?
Q.8.Who
are the major players in this market? What strategic initiatives are being implemented
by key players for business growth?
Q.9.
What are some of the competitive products in this area and how great a threat
do they pose for loss of market share through product substitution?
Q. 10.
What M & A activities has transpired in the last 5 years in this market and
what is its impact on the industry?
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