Wastewater Treatment Segment is Expected to Dominate the Global GRP Pipes Market
Governments
and international bodies have introduced regulations and standards that promote
sustainable infrastructure practices. These regulations often incentivize or
mandate the use of environmentally friendly materials and construction methods,
which benefits GRP pipes.
According to
TechSci Research report, “Global GRP Pipes Market - By Country, Competition,
Forecast & Opportunities, 2028”.
The Global GRP Pipes Market is anticipated to project robust growth in the
forecast period with a CAGR of 6.88% through 2028. At present, very few major
manufacturers dominate the glass fiber reinforced plastic (GRP) pipes industry
with robust manufacturing facilities and widespread geographic distribution.
High initial investments and operational costs associated with the manufacturing
of GRP pipes are likely to be the major entry barriers for new market players.
The U.S. has emerged as one of the largest markets for GRP pipes in North
America owing to high investments by the government in water treatment and the
potable water supply industry. Increasing shale gas exploration activities in
the country, which demand durable piping solutions, are likely to have a
positive impact on the growth of the GRP pipes market over the projected
period. Manufacturers tend to offer standard product lines as the costs
associated with fabrication and the engineering involved in custom product
manufacturing are very high. However, they also provide custom GRP pipes for
specific application industries, which are usually manufactured based on the
requirements presented by end-users. Filament winding and centrifugal casting
were the most widely used techniques for GRP pipe manufacturing as of 2018. The
centrifugal method, wherein the outer pipe diameter is constant, produces a
high-quality product. However, the process is highly labor-intensive and not
cost-effective, which is likely to hamper its demand.The European Union (EU)
has laid down Safety Glass Directives for GRP piping utilized in construction,
water treatment, and automotive applications. The directive also covers the
fitting and installation of these products. The pipes adhere to stringent
regulations about mechanical and chemical strength.
Browse over xx
market data Figures spread through 180 Pages and an in-depth TOC on " GRP Pipes Market”
North America
GRP Pipes Market accounts for the second-largest market share due to the rising
demand for the GRP pipes in the developed countries such as US, Canada and
Mexico is witnessing high growth rates. North America is projected to observe
significant amount of growth in the GRP pipes due to the to the increase in
Manufacturing industries, including chemical, automotive, paper & pulp, oil
& gas, power, metal & mining, textiles, and pharmaceuticals in the
region. Moreover, increasing concerns over freshwater scarcity and the rising
volume of contaminated water, especially in developing economies in conjunction
with government investments in wastewater treatment projects are substantially
propelling the demand for GRP pipes. Further, the US GRP Pipes Market held the
largest market share, and the US GRP Pipes Market was the fastest growing
market in the North America region.
Key market
players in the Global GRP Pipes Market include:
- Saudi Arabian
Amiantit Co
- Veplas d.d.
- Future Pipe
Industries
- Enduro
- Amiblu Holding
GmbH
- Harwal Group of
Companies
- Graphite India
Limited
- Fibrex
- Smithlinecomposites
- Industrial
Plastic Systems
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“Global Glass
reinforced plastics (GRP) pipes as an alternative to steel piping which was
first introduced in 1948. Due to the lack of metallic components in this
material made it immune to the corrosion methods which outbreak subterranean
metal pipes. By the 1970s, GRP pipes grown extensive application, mainly in
trunk mains. Various standards and specifications have since developed to
govern the use of Global Glass reinforced plastics (GRP) piping for different
industries, including BS EN 1796, AWWA C950, and BS 8010, among others. Growing
demand for durable, lightweight, and high-strength pipes for wastewater
management and chemical supply in industrial applications is anticipated to
boost the market growth.
Data Bridge
Market Research analyses that the glass reinforced plastics (GRP) pipes market
was valued at USD 4.8 billion in 2022 and is expected to reach USD 8.54billion
by 2029, registering a CAGR of 6.88% during the forecast period of 2022 to
2029. The market report curated by the Data Bridge Market Research team
includes in-depth expert analysis, import/export analysis, pricing analysis,
production consumption analysis, patent analysis and technological
advancements. “ said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
GRP Pipes Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast
Segmented By Type (Epoxy, Polyester, Vinyl Ester), By End-User (Oil and
gas, Chemicals, Wastewater Treatment, Irrigation and Others), By Region,
Competition 2018-2028 has
evaluated the future growth potential of Global GRP Pipes Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global GRP Pipes Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com