Global Glass Reinforced Plastics (GRP) Pipes Market, By Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil and Gas, Chemical, Sewage, Irrigation, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
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 3.76 billion in 2021 and is expected to reach USD 5.27 billion by 2029, registering a CAGR of 4.32% 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil and Gas, Chemical, Sewage, Irrigation, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Saudi Arabian Amiantit Co (Saudi Arabia), Veplas d.d. (Solvenia), Future Pipe Industries (UAE), Enduro (Us), Amiblu Holding GmbH (Austria), Harwal Group of Companies (UAE), Graphite India Limited (India), Fibrex (US), Smithlinecomposites (UAE), Industrial Plastic Systems (US), China National Building Material Group Corporation (China), Technobell Technology (Solvenia), Pipelife Nederland B.V. (Austria), BASF SE (Germany), SONGWON (South Korea), Albemarle Corporation (US), Clariant (Switzerland), Akzo Nobel N.V (Netherland), DOW (US), LANXESS (Germany) Evonik (Germany), Enduro Composites, Inc. (U.S)
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Market Opportunities
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Market Definition
Glass-reinforced plastic (GRP) is a complex material which is consisting of plastic reinforced with fine glass fibers. These fibers may be flattened as a sheet, arranged randomly, or woven to make a fabric-like material. A plastic resin is then covered onto the glass fibers to produce combined uniform material. This resin may contain polyester, epoxy, vinyl ester, polypropylene or polyurethane. The glass fibers in GRP have mechanical properties which are roughly comparable to another types of fibers, for example carbon fiber. However, glass fibers are more flexible, cheaper and lighter than their carbon counterpart which is making it an ideal reinforcing agent for various polymer products.
Glass Reinforced Plastics (GRP) Pipes Market Dynamics
Drivers
- Rise the demand in wastewater treatment
The wastewater treatment application will constitute over 21% of the global intake during forecast. Raw water or Processed has large demand in numerous applications including washing, processing, and cooling in manufacturing industries such as automotive, chemical, pulp and paper, metal and mining, pharmaceuticals, power, oil and gas and textiles. The increasing water contamination due to industrial activities along with freshwater shortage in developing areas has led to strict government rules on water reuse and recycle projects. These factors will be the significantly driving GRP piping in wastewater treatment facilities.
- Rise in demand due to adoption of epoxy resins
Epoxy GRP pipes have larger properties, such as resistance to abrasion and corrosion, low friction, high insulation, etc., that make them the ideal choice in the oil and gas region as they increase the flow capacity of resources. Due to the cross-linked structure makes epoxy-based piping significantly which robust compared to ensure its impact resistance and thermostability.
- Rising Hydrocarbon Exploration and Production
Glass reinforced plastics piping systems are working in the oil and gas industry for offshore platform piping systems, gas transmission lines, subsea piping systems, floating production storage, injection lines for gas and water, crude oil transmission, flow lines, exploration, and refinery piping systems. The increasing hydrocarbon production and exploration activities are anticipated to drive the demand during forecast period.
Opportunities
- Economic sustainability
The durability and long lifetime of GRP products for example, fittings prove and Amiable pipes useful with respect to business budgets: GRP products money and save time in that they do not need any on-site welding works or heavy lifting gear, feature and generally long maintenance-free service life which will act as market drivers and further increase beneficial opportunities for the market's growth rate.
- Rise the demand in several industries.
The future of the global glass reinforced plastic (GRP) market is attractive with opportunities in several end use industries, including wind energy, transportation, marine, pipe and tank, construction consumer goods, , electrical and electronics, and aerospace.
Restraints/ Challenges
However, fluctuation in the cost for raw materials which causes a variation in the rates for end-product. This aspect is anticipated to hamper the growth of the Glass Reinforced Plastics (GRP) piping systems market during the forecast period. Moreover, the use of GRP plastic is also held back owing to health related issues. Filament and Centrifugal casting winding are the best common methods which used in GRP pipe manufacturing. In centrifugal casting, the exterior diameter of the pipe is constant and produces high-quality products. Furthermore, this process is not so lucrative, thus it is anticipated to restrain the market growth.
This glass reinforced plastics (GRP) pipes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glass reinforced plastics (GRP) pipes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Glass Reinforced Plastics (GRP) Pipes Market
In 2019, a coronavirus epidemic occurred, resulting in a global pandemic of COVID-19. Businesses that used to show a huge role have shifted their operations away from the source The COVID-19 epidemic has disturbed the manufacturing of GRP pipes. Several factors such as disruption in the supply of raw materials and lack of labor force have disrupted the production of pipes, which is Leading to manufacturers closed their operations. Raw material unavailability and lower steel production due to lockdown restrictions have hindered the growth of the market.
Glass Reinforced Plastics (GRP) Pipes Market Scope
The glass reinforced plastics (GRP) pipes market is segmented on the basis of type, resin type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Industrial Type
- Decorative Type
Resin Type
- Epoxy
- Polyester
- Vinyl Ester
Application
- Oil and Gas
- Chemical
- Sewage
- Irrigation
- Others
Glass Reinforced Plastics (GRP) Pipes Market Regional Analysis/Insights
The glass reinforced plastics (GRP) pipes market is analysed and market size insights and trends are provided by country, type, resin type and application as referenced above.
The countries covered in the glass reinforced plastics (GRP) pipes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the glass reinforced plastics (GRP) pipes market in terms of market share and revenue during the forecast period. This is due to the increasing demand for glass reinforced plastics (GRP) pipes in this region. The Asia-Pacific region leads the glass reinforced plastics (GRP) pipes market, with China due to the rising oil and gas exploration activities and increasing government orders on the industrial, processing, effluent collection and recycling in this region.
During the projected period, Europe is anticipated to be the fastest developing region due to growing demand from gas transportation and sewage application are the main factors which are responsible for market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glass Reinforced Plastics (GRP) Pipes Market Share Analysis
The glass reinforced plastics (GRP) pipes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glass reinforced plastics (GRP) pipes market.
Some of the major players operating in the glass reinforced plastics (GRP) pipes market are:
- Saudi Arabian Amiantit Co (Saudi Arabia)
- Veplas d.d. (Slovenia)
- Future Pipe Industries (UAE)
- Enduro (US)
- Amiblu Holding GmbH (Austria)
- Harwal Group of Companies (UAE)
- Graphite India Limited (India)
- Fibrex (US)
- Smithlinecomposites (UAE)
- Industrial Plastic Systems (US)
- China National Building Material Group Corporation (China)
- Technobell Technology (Slovenia)
- Pipelife Nederland B.V. (Austria)
- BASF SE (Germany)
- SONGWON (South Korea)
- Albemarle Corporation (US)
- Clariant (Switzerland)
- Akzo Nobel N.V (Netherlands)
- DOW (US)
- LANXESS (Germany)
- Evonik (Germany)
- Enduro Composites, Inc. (U.S)
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