Global Fiber Reinforced Plastic Pipes Market was valued at US$2.1 billion in 2017 and is projected to reach US$3.52 billion by 2026, at a CAGR of 6.67% during a forecast period.
FRP is a complex material consisting of a polymer matrix and reinforced with different fibers such as glass, carbon and basalt. These fibers are used in various industries such as aerospace, construction and automotive.
The increasing demand for strong and light pipes, the profitability of technology and the demand for petroleum and amp; the gas industry is driving the growth of the fiber reinforced plastic pipe market. Increased innovation in Fiber Reinforced Plastic Pipes, GRP & GRE Pipes market showing growth trends and growth in oil exploration activities are key market opportunities. Commodity prices are unstable and lack of product knowledge limits market growth.
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Filament winding is the market because the winding process is quite simple and well suited for automation without any human intervention. Due to the cost effectiveness and reduced risk of human error, the growth of the filament winding segment in the fiber reinforced plastic pipe market is also increasing.
Chemical is the largest application category in the FRP pipe market, with an expected contribution of more than 40.0% in 2017. Due to high temperature resistance and corrosion resistance, they are required. Fibre-reinforced plastic pipes have a higher strength-to-weight ratio. Epoxy is considered to be the most important material in the fiber reinforced plastic pipe market because epoxy is very environmentally friendly compared to other materials.
Most of the industries are now accepting this process as it results in Asia Pacific being the largest and fastest growing market in the fiber reinforced plastic pipe market owing to the increase in construction, oil and petroleum. gas activities in the region. Growing government focus on improving wastewater treatment facilities in the Asia-Pacific region is also driving the market growth. The increase in construction activities over the past few years and people have resorted to using fiber reinforced pipes for their better thermal resistance, which accounts for the second highest revenue share in the fiber pipes market. FRP in Europe.
Some of the major players operating in the fiber reinforced plastic pipe market are Enduro Composites, Inc., Ershigs, Inc. (Incorporated in Denali), Fibrex FRP Piping Systems, National Oilwell Varco, Inc., Sarplast SA, Saudi Arabian Amiantit Company, Sekisui Chemical Co., ltd Saudi Arabian Amiantit Company, Chemical Process Piping Pvt. Ltd., China National Building Material Company Limited, Ershigs Inc., Future Pipes Industries LLC, Hengrun Group Co. Ltd., HOBAS, National Oilwell Varco Inc. and Sekisui Chemical Co. Ltd., Sarplast SA.
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The report covers a comprehensive study of key market drivers, restraints, opportunities, challenges, PESTEL, Porters, SWOT and technology forecast in the market.
The Scope of the Global Fiber Reinforced Plastic Pipes Market:
Global Fiber Reinforced Plastic Pipes Market, By Product Type:
Other types of products
Global Fiber Reinforced Plastic Pipes Market, By Fiber Type:
Other types of fibers
Global Fiber Reinforced Plastic Pipes Market, By Process:
Global Fiber Reinforced Plastic Pipes Market, By Material:
Global Fiber Reinforced Plastic Pipes Market, By Application:
Oil & Gas
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Global Fiber Reinforced Plastic Pipes Market, By Region:
Middle East & Africa
Key Players Operating in the Global Fiber Reinforced Plastic Pipes Market:
Enduro Composites, Inc.
Ershigs, Inc. (Incorporated in Denali)
Fibrex FRP Piping Systems
National Oilwell Varco, Inc.
Saudi company Amiantit
Sekisui Chemical Co., Ltd.
Saudi company Amiantit
Chemical Process Piping Pvt. ltd.
China National Building Materials Company Limited
Future Pipes Industries LLC
Hengrun Group Co.Ltd.
Varco National Oil Well Inc.