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.

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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

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“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.

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