North American FRP Pipe Market Trends and Forecast
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 $1.0 billion by 2028 with a CAGR of 3.9% from 2023 to 2028. The major drivers for this market are increasing construction of water supply systems, further development of sewage treatment systems, and increasing oil and gas exploration activities.
Emerging Trends in the North American FRP Pipe Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes the introduction of onsite FRP pipe manufacturing facilities and development of grooved coupling method of joining FRP pipes.
North American FRP Pipe Market by Segment
The study includes a forecast for the North American FRP pipe market by end product, resin composites, diameter, pressure rating, manufacturing process, and country as follows:
North American FRP Pipe Market by End Product [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
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Oil and Gas
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Sewer Gravity and Pressure
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Water Potable
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Irrigation
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Storm
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Hydro
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Non-circular
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Retail Fuel
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Pulp and Paper
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Chemical
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Power
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Others
North American FRP Pipe Market by Resin Composites [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
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Polyester resin based FRP pipe
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Epoxy resin based FRP pipe
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Vinyl ester resin based FRP pipe
North American FRP Pipe Market by Diameter [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
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Small Diameter
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Medium Diameter
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Large Diameter
North American FRP Pipe Market by Pressure Rating [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
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Less than 150 psi
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150 to 300 psi
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More than 300 psi
North American FRP Pipe Market by Manufacturing Process [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
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Filament Winding
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Centrifugal Casting
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Others
North American FRP Pipe Market by Country [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:
List of North American FRP Pipe Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies North American FRP pipe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the North American FRP pipe companies profiled in this report includes.
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National Oilwell Varco (NOV)
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HOBAS Pipe
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Future Pipe Industries
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Amiantit
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RPS Composites
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Ershigs Inc
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Colney Composites LLC
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Belco Manufacturing Co. Inc
North American FRP Pipe Market Insight
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Lucintel forecasts that oil and gas will remain the largest end use segment and it is also expected to witness the highest growth over the forecast period due to the growth in rig count.
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Epoxy resin will remain the largest segment by value and volume and polyester resin is expected to witness the highest growth over the forecast period.
Features of North American FRP Pipe Market
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Market Size Estimates: North American market size estimation in terms of value ($M) and Volume (M lbs).
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Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and country.
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Segmentation Analysis: Market size by end product, resin composites, diameter, pressure rating, and manufacturing process. .
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Growth Opportunities: Analysis of growth opportunities in different end product, resin, diameter, pressure rating, manufacturing process, and country for the North American FRP market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the North American FRP pipe market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the North American FRP pipe market size?
Answer: The North American FRP pipe market is expected to reach an estimated $1.0 billion by 2028.
Q2. What is the growth forecast for North American FRP pipe market?
Answer: The North American FRP pipe market is expected to grow at a CAGR of 3.9% from 2022 to 2028.
Q3. What are the major drivers influencing the growth of the North American FRP pipe market?
Answer: 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.
Q4. What are the major end products for the North American pipe market?
Answer: Oil and gas and chemical are the major end products for the North American pipe market.
Q5. What are the emerging trends in North American FRP pipe market?
Answer: 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.
Q6. Who are the key North American FRP pipe companies?
Answer: Some of the key North American FRP pipe companies are as follows:
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National Oilwell Varco (NOV)
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HOBAS Pipe
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Future Pipe Industries
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Amiantit
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RPS Composites
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Ershigs Inc
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Colney Composites LLC
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Belco Manufacturing Co. Inc
Q7. Which North American FRP pipe product segment will be the largest in future?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 10 key questions
Q1. 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)?
Q2. Which segments will grow at a faster pace and why?
Q3. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q4. What are the business risks and threats to the market?
Q5. What are the emerging trends in this market and the reasons behind them?
Q6. What are the changing demands of customers in the market?
Q7. What are the new developments in the market? Which companies are leading these developments?
Q8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q9. 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?
Q10. What M & A activities have taken place in the last 5 years in this market?
For any questions related to North American FRP pipe market or related to FRP pipe in North America, North American FRP pipe market, North American FRP pipe market size, North American FRP pipe market analysis, North American FRP pipe suppliers, North American FRP pipe manufacturers, North American FRP pipe raw material, North American FRP pipe cost, North American FRP pipe market trend and forecast, North American FRP pipe applications, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.