According to a new market report published by Lucintel, 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.
Browse 171 market data tables and 198 figures spread through 305 pages and in-depth TOC on “FRP Pipe Market"
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In this market, different types of FRP pipe such as polyester resin based FRP pipe, epoxy resin based FRP pipe and vinyl ester resin based FRP pipe in various resin. Lucintel forecasts that the epoxy resin based FRP pipe is expected to remain the largest market by value and volume and polyester resin based FRP pipe will experience the highest growth over the forecast period.
Within this market, chemical and industrial will remain the largest application by value and volume due to increase in demand for high temperatures and corrosion resistant FRP pipe. Lucintel predicts that the demand for sewage application is likely to experience the highest growth in the forecast period due to increasing residential and commercial construction.
Asia Pacific is expected to remain the largest market due to growth in construction and infrastructure development. North America is expected to witness the highest growth over the forecast period due to growing investment for the replacment of old and dilapidated pipelines.
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. Future Pipe Industries, National Oilwell Varco, Amaintit, Amiblu, and Hengrun are among the major FRP pipe manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the FRP pipe market by application, diameter, pressure rating, resin, manufacturing process, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the FRP Pipe Market 2020-2025: 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 FRP pipe market by application, diameter, pressure rating, resin, manufacturing process, and region as follows:
By Application (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
Oil and Gas
Retail Fuel
Water & Wastewater
Sewage
Pulp & Paper
Chemical & Industrial
Others
By Pressure Rating (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
Less than 150 psi
150-300 psi
More than 300 psi
By Resin (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
Polyester Resin based FRP Pipe
Epoxy Resin based FRP Pipe
Vinyl Ester Resin based FRP Pipe
By Manufacturing Process (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
Filament winding
Centrifugal Casting
Others
By Region (Volume (M lbs) and $M shipment analysis for 2014 to 2025):
North America
Europe
Asia Pacific
The Rest of the World
This 305-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/frp-pipe-market.aspx or helpdesk@lucintel.com.
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