Global GRP Pipes Market – Industry Trends and Forecast to 2030

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Global GRP Pipes Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Grp Pipes Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2022 –2029
Diagram Market Size (Base Year)
USD 3,948.23 Million
Diagram Market Size (Forecast Year)
USD 5,535.67 Million
Diagram CAGR
%
Diagram Major Markets Players
  • Saudi Arabian Amiantit Co
  • Veplas
  • Future Pipe Industries
  • Enduro
  • Amiblu Holding GmbH

Global GRP Pipes Market, By Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil & Gas, Chemical, Sewage, Irrigation, Others) – Industry Trends and Forecast to 2030.

GRP Pipes Market

GRP Pipes Market Analysis and Size

The increasing demand for high strength, durable, and lightweight pipelines for water, wastewater, and chemical supply for industrial applications, swift urbanization spurring the utility sector, and growing worldwide demand for ensuring water supply to viable agricultural land are some of the factors expected to propel the growth of the GRP pipes market. On the other hand, the rising popularity of GRP pipes will further create several opportunities that will lead to the growth of the GRP pipes market in the above-mentioned period.                               

Data Bridge Market Research analyses that the GRP pipes market, which was USD 3,948.23 million in 2022, would rocket up to USD 5535.67 million by 2030 and is expected to undergo a CAGR of 4.9% during the forecast period. The oil & gas segment dominates the application segment of the GRP pipes market due to increasing oil & gas exploration activities are likely to drive the demand for GRP pipes in the coming years. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

GRP Pipes Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil and Gas, Chemical, Sewage, Irrigation, Others)

Countries Covered

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

Market Players Covered

Saudi Arabian Amiantit Co (Saudi Arabia), Veplas d.d. (Solvenia), Future Pipe Industries (U.A.E), Enduro (U.S.), Amiblu Holding GmbH (Austria), Harwal Group of Companies (U.A.E), Graphite India Limited (India), Fibrex (U.S.), Smithlinecomposites (U.A.E), Industrial Plastic Systems (U.S.), China National Building Material Group Corporation (China), Technobell Technology (Solvenia), Pipelife Nederland B.V. (Austria), BASF SE (Germany), SONGWON (South Korea), Albemarle Corporation (U.S.), Clariant (Switzerland), Akzo Nobel N.V (Netherland), DOW (U.S.), LANXESS (Germany) Evonik (Germany), Enduro Composites, Inc. (U.S)

Market Opportunities

  • Increase in the number of emerging markets
  • Increasing number of product innovations
  • Rise in strategic collaborations

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 instance, carbon fiber. However, glass fibers are more flexible, cheaper, and lighter than their carbon counterpart, making them an ideal reinforcing agent for various polymer products.            

Global GRP Pipes Market Dynamics

Drivers

  • Rise in demand for wastewater treatment

The wastewater treatment application will constitute over 21% of the global intake during the forecast. Raw water or Processed has great 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 recycling projects. These factors will be the significantly driving GRP piping in wastewater treatment facilities.

  • Rise in demand due to the 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. The cross-linked structure makes epoxy-based piping significantly robust compared to ensuring 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 the forecast period.  

Opportunities

  • Economic sustainability

The durability and long lifetime of GRP products, for instance, fittings, prove, and Amiable pipes useful with respect to business budgets: GRP products make money and save time in that they do not need any on-site welding work 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. 

Restraints/Challenges

  • Fluctuation in Price

However, fluctuation in the cost of raw materials which causes a variation in the rates for end-product. This aspect is anticipated to hamper the growth of the 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 GRP pipes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 GRP pipes market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In 2023, Amiblu Holding GmbH obtained the highest national certification for clean energy from clean sources, “100% sustainable energy". This certification, awarded by the National Commission on Markets and Competition (CNMC), certifies that 100% of the electric energy consumed by our plant in Camarles comes from renewable energy sources

Global GRP Pipes Market Scope

The GRP Pipes market is segmented on the basis of type, resin type and 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

 Application

  • Oil and Gas
  • Chemical
  • Sewage
  • Irrigation
  • Others

GRP Pipes Market Regional Analysis/Insights

The 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 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 is expected to dominate the GRP pipes market in terms of market share and revenue during the forecast period. This is due to the increasing demand for GRP pipes in this region. The Asia-Pacific region leads the 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 that are responsible for market growth in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, and 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and GRP Pipes Market Share Analysis

The GRP pipes market competitive landscape provides details by competitors. 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 the GRP pipes market.

Some of the major players operating in the GRP pipes market are:

  • Saudi Arabian Amiantit Co (Saudi Arabia)
  • Veplas d.d. (Slovenia)
  • Future Pipe Industries (U.A.E)
  • Enduro (U.S)
  • Amiblu Holding GmbH (Austria)
  • Harwal Group of Companies (U.A.E)
  • Graphite India Limited (India)
  • Fibrex (U.S)
  • Smithlinecomposites (U.A.E)
  • Industrial Plastic Systems (U.S.)
  • China National Building Material Group Corporation (China)
  • Technobell Technology (Slovenia)
  • Pipelife Nederland B.V. (Austria)
  • BASF SE (Germany)
  • SONGWON (South Korea)
  • Albemarle Corporation (U.S.)
  • Clariant (Switzerland)
  • Akzo Nobel N.V (Netherlands)
  • DOW (U.S.)
  • LANXESS (Germany)
  • Evonik (Germany)
  • Enduro Composites, Inc. (U.S)
  • Zimmer Biomet (U.S.)
  • Össur (Iceland)
  • Medtronic (Ireland)
  • CONMED Corporation (U.S.)
  • Surgalign (U.S.)
  • AlloSource (U.S.)
  • Stryker (U.S.)
  • Hanger Inc, (U.S.)
  • Otto Bock Healthcare GmBH (Germany)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Global GRP Pipes Market, By Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil & Gas, Chemical, Sewage, Irrigation, Others) – Industry Trends and Forecast to 2030. .
The Global Grp Pipes Market size was valued at USD 3948.23 USD Million in 2021.
The Global Grp Pipes Market is projected to grow at a CAGR of 4.9% during the forecast period of 2022 to 2029.
The major players operating in the market include Saudi Arabian Amiantit Co, Veplas, Future Pipe Industries, Enduro, Amiblu Holding GmbH, Harwal Group of Companies, Graphite India Limited, Fibrex, Smithlinecomposites, Industrial Plastic Systems, China National Building Material Group Corporation, Technobell Technology, Pipelife Nederland B.V., BASF SE, SONGWON, Albemarle Corporation, Clariant, Akzo Nobel N.V, DOW, LANXESS Evonik, Enduro Composites, .
The market report covers data from the 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.