The North American FRP pipe market is expected to reach $692 million by 2022


   October 5 2017
According to a new market report published by Lucintel, the future of the North American FRP pipe looks promising with growth opportunities in various end use industries, such as oil & gas, chemical, water portable, and sewer gravity and pressure pipe. The North American FRP pipe market is expected to reach an estimated $692 million by 2022 and it is forecast to grow at a CAGR of 3.7% from 2017 to 2022. The major growth drivers for this market are increase in construction of water supply systems, development of sewage treatment, and increasing oil and gas exploration activities.

Browse 35 Market Data Tables and 84 Figures spread through 118 Pages and in-depth TOC on " North American FRP Pipe Market- Forecast to 2022" http://www.lucintel.com/frp-pipes-in-north-america-2022.aspx

In this market, epoxy, polyester, and vinyl ester are the major resins used to manufacture FRP pipe. On the basis of its comprehensive research, Lucintel forecasts that the epoxy resin is expected to remain the largest segment by value and volume and polyester resin will experience the highest growth over the forecast period.

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 By diameter, FRP pipe is available in small (<18”), medium (18”-60”), and large ((>60”) diameter. Small diameter FRP pipe is expected to remain the largest market by value and volume consumption.

By pressure unit, FRP pipe is segmented into less than 150 psi (pounds per square inch.), 150 to 300 psi, and more than 300 psi. Less than 150 psi is expected to remain the largest market by value and volume consumption.

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The United States is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end use industries.

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of onsite FRP pipe manufacturing facilities and development of grooved coupling method to join FRP pipe. National Oilwell Varco, Future Pipe Industries, and Hobas Pipe USA are among the major suppliers in the North American FRP pipe market.

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 The study includes a forecast for the North American FRP Pipe market by end product type, resin composite, diameter, pressure unit, and country as follows:

By End Product (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • Oil and Gas


  • Sewer Gravity and Pressure


  • Water Potable


  • Irrigation


  • Storm


  • Hydro


  • Retail Fuel


  • Pulp and Paper


  • Chemical


  • Power


  • Others


By Resin Type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • Epoxy Composites


  • Polyester Composites


  • Vinyl ester Composites


By Diameter Type (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • Small Diameter


  • Medium Diameter


  • Large Diameter


By Pressure Unit (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • Less than 150 psi


  • 150 to 300 psi


  • More than 300 psi


By Country (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • US


  • Canada


  • Mexico


 

This 118 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/toc/frp-pipes-in-north-america-2022.aspx or 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.

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