Lucintel Identifies and Prioritizes Opportunities for Growth in North American FRP Pipe Market by Material Type, End User Industry, and Region


   August 14 2015
According to a new market report published by Lucintel, the future of the FRP pipe market looks good with opportunities in the oil and gas, retail fuel, water/waste water, sewage, and chemical industries. The North American FRP pipe market is forecast to grow at a CAGR of 2.9% from 2015 to 2020. The major growth drivers for this market are an increase in shale gas exploration activities and the expanding offshore oil and gas industry. Growth of further demand in key end use industries, such as the construction of water supply systems and development of sewage treatment systems, is expected to remain a key driving factor for the North American FRP pipe market.
 
In this market, epoxy, polyester, and vinyl ester are the major resin types for the manufacture of FRP pipes. Lucintel predicts that the demand for epoxy resins in FRP pipes is expected to experience the highest growth in the forecast period, supported by growing demand in onshore oil & gas and chemical applications. On the basis of its comprehensive research, Lucintel forecasts that onshore oil & gas, chemical/industrial, water/wastewater, and sewage applications are expected to show above average growth.
Within the FRP pipe market, onshore oil and gas is expected to remain the largest market by value and volume consumption, followed by chemical/industrial applications. The growth of oil and gas exploration activities and the boom in shale gas production in the onshore oil & gas industry are expected to spur growth for this segment over the forecast period.
The US is expected to remain the largest market due to the growth in end use applications of onshore oil and gas as well as chemical/ industrial. The US government and private players are expected to invest more to set up new pipelines to transport crude oil and gas, which will drive the growth of the FRP pipe market.
For market expansion, the report suggests innovation and new product development where the unique characteristics of FRP pipes can be capitalized. Emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of onsite FRP pipe manufacturing facilities and increasing rehabilitation activities of pipelines. NOV Fiber Glass Systems, Future Pipe Industries, Hobas Pipe USA, Reinforced Plastics Systems, and Amiantit are some of the major manufacturers of FRP pipes.
 
Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities for FRP Pipes in North America by end-use industry, material type, and region and has come up with a comprehensive research report, “Opportunities for FRP Pipes in North America 2015-2020: Market Size, Market Share and Forecast Analysis .” The Lucintel report serves as a spring board for growth strategies as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for FRP pipes in the North Amercian market through 2020, segmented by end-use industry, material type, and region as follows:
By end use industry [Volume (Million Pounds/Kiloton) and Value $ Million from 2015 to 2020]-
·         Onshore Oil and Gas
·         Retail Fuel               
·         Water/Wastewater
·         Sewage
·         Pulp/Paper
·         Chemical/Industry
·         Offshore Oil and Gas
·         Power
·         Other
 
By material type [Volume (Million Pounds/Kiloton) and Value $ Million from 2015 to 2020]-
·         Glass Fiber
·         Carbon Fiber
·         Polyester Resin
·         Vinyl Ester Resin
·         Epoxy Resin
 
By region [Volume (Million Pounds/Kiloton) and Value $ Million from 2015 to 2020]-
·         North America
·         Europe
·         Asia Pacific
·         Rest of World
This 213-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites/opportunities_for_frp_pipes_in_north_america_2015_2020_market_size_market_share_and_forecast_analysis_june_2015.aspx  or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategy for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M & A and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
 

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