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The future of the FRP pipe market is positive with opportunities in oil and gas, water & wastewater, chemical & industrial, retail fuel, pulp & paper, and sewage end use applications. The global FRP pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4.2 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major growth drivers for this market are increase in construction of water supply and sewage treatment systems, increasing need for rehabilitation of the major water and wastewater infrastructure, and growing oil and gas exploration activities.
Emerging trends, which have a direct impact on the dynamics of the FRP pipe industry, include the introduction of onsite FRP pipe manufacturing facilities and development of the grooved coupling method to join FRP pipe.
A total of 198 figures / charts and 171 tables are provided in this 305 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this FRP pipe market report, download the report brochure.
Global FRP pipe opportunities have evolved through number of stages as presented in figure below:
Evolution of FRP Pipe Technologies
In this market, chemical / industrial is the largest application of global FRP pipe, whereas epoxy resin based FRP pipe is largest in resin type. Growth in various segments of the FRP pipe market are given below:
FRP Pipe Market by Segments