GRP Pipes Market Size, Top Players, Growth Forecast Till 2027

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GRP Pipes Market Size, Top Players, Growth Forecast Till 2027

Global GRP Pipes Market:

The Global GRP Pipes Market Size is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%

Segmentation

By Resin: The GRP pipes market can be divided based on their constituent resin into three categories, namely epoxy, polyester, and vinyl ester. Of the three, the largest market share belongs to epoxy GRP pipes due to their utility in the petroleum and chemical industries. Epoxy GRP pipes offer enhanced strength, great corrosion resistance against both chemicals and the environment, as well as a very long service life. They are used to transport crude oil, petroleum, gas, chemicals, and chemical waste. Polyester GRP pipes are inferior to epoxy GRP pipes in all categories except cost and ease of manufacturing. This ensures the use of polyester GRP pipes within the utility and agricultural sectors. The growing demand to supply water to arable land and a fast-growing utilities sector due to rapid urbanization are driving the polyester GRP pipes market. Vinyl ester GRP pipes are between epoxy and polyester GRP pipes in terms of quality and cost. They offer superior impact resistance and flexibility, making them ideal for use in stress environments.

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By End-Use: The oil & gas industry is the largest market within this segment, and it is rapidly growing. Oil and gas transportation is carried out either by pipelines or by tankers, with pipelines being far more cost-effective. More than 70% of the of the crude oil & gas within the US was shipped by pipelines in 2014. Innovations in the GRP pipes market is ensuring the steady growth of this percentage and it is acting as a driver for this market. Chemical industries see much value in GRP pipes due to their corrosion resistance. They are used to transport chemicals as well as chemical waste. The urbanization being witnessed globally is also causing an increase in the utility sector, a key component of which is water supply and wastewater management. GRP pipes are used extensively to facilitate both. Irrigation is essential in the agricultural sector due to the ever-increasing demand for agricultural produce to feed an ever-increasing human and livestock population.

Key Players

Saudi Arabian Amiantit Co. (Saudi Arabia)

Future Pipe Industries (UAE)

Hengrun Group Co., Ltd. (China)

National Oilwell Varco (US)

FLOWTITE Technology AS. (Norway)

Columbus McKinnon Corporation (US)

Sarplast SA (Switzerland)

Weihua Group (China)

Amiblu Holding GmbH (Austria)

FIBREX - Fiberglass Pipe Manufacturer, FRP Pipes, GRP Pipes (US)

Enduro (US)

Beetle Plastics (US)

Smit Group, LLC (US)

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objectives

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

 

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