Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the North American FRP pipe market looks promising with opportunities in the oil and gas, retail fuel, water/wastewater, sewage, pulp/paper, and chemical/industrial. The North American FRP pipe market is expected to reach an estimated $1.2 billion by 2027 with a CAGR of 7.9% from 2021 to 2027. 

The major drivers for this market are increasing construction of water supply systems, further development of sewage treatment systems, and increasing oil and gas exploration activities.

In this market, polyester, epoxy and vinyl are the major resins used in manufacture FRP pipes. Lucintel forecasts that the epoxy resin will remain the largest segment by value and volume and polyester resin is expected to witness the highest growth over the forecast period.

Within the North American FRP pipe market, oil and gas will remain the largest end use segment and sewer gravity and pressure is expected to witness the highest growth over the forecast period.

 

Emerging trends, which have a direct impact on the dynamics of the industry, includes the introduction of onsite FRP pipe manufacturing facilities and development of grooved coupling method of joining FRP pipes. National Oilwell Varco, HOBAS Pipe, Future Pipe Industry, and Amiantit companies are among the major suppliers in the North American FRP pipe market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the North American FRP pipe market by end product, resin, diameter, pressure rating, manufacturing process, and country. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the North American FRP pipe Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the North American FRP pipe market by end product, resin, diameter, pressure rating, manufacturing process, and country as follows:


































This 124-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 https://www.lucintel.com/north-american-frp-pipe-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies 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.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth areas of the North American FRP pipe market by end product (sewer gravity and pressure, water potable, irrigation, storm, hydro, oil and gas, retail fuel, pulp and paper, chemical, power and others), material (epoxy, polyester and vinyl ester), diameter(small, medium, and large), pressure rating (less than 150 psi, 150 to 300 psi, and more than 300 psi), manufacturing process (filament winding, centrifugal casting, and others), and country (The US, Canada and Mexico)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.4 What are the business risks and threats to the market?

Q.5 What are the emerging trends in this market and the reasons behind them?

Q.6 What are the changing demands of customers in the market?

Q.7 What are the new developments in the market? Which companies are leading these developments?

Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.10 What M & A activities have taken place in the last 5 years in this market?