Chemical

According to a market report by Lucintel, the future of the global glass reinforced epoxy (GRE) pipe market looks promising with opportunities in the oil & gas, industrial, water/wastewater, and marine & offshore markets. The global glass reinforced epoxy (GRE) pipe market is expected to reach an estimated $2.7 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are growing application of GRE pipe in the chemical industry and increasing demand of lightweight and high strength pipes for wastewater management and chemical supply in the industrial applications.



In this market, filament winding, centrifugal casting, and others (pultrusion and hand lay-up) are different segments of glass reinforced epoxy (GRE) pipe market by process. Lucintel forecasts that filament winding will remain the largest segment over the forecast period because of its ability to meet the extreme environment requirements, such as it can withstand pressure over 200 bars and temperature above 100-degree Celsius.



Within this market, oil & gas is expected to remain the largest segment because these pipes possess anti-corrosive properties and they are employed as a substitute for high-grade corrosion-resistant alloys (CRA) in high-velocity gas and also helps in increasing tube life.



APAC will remain the largest region during the forecast period due to increasing oil and gas development operations as well as rising government mandates for industrial processing, effluent collection, and recycling in the region.

Amiantit Fiberglass Industries, Future Pipe Industries, National Oilwell Varco, Amerplastics, HOVOY Composite, Megha Engineering & Infrastructures Limited, EPP Composites, and HLB are the major suppliers in the global glass reinforced epoxy (GRE) pipe market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global glass reinforced epoxy (GRE) pipe market by process, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Glass Reinforced Epoxy (GRE) Pipe Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global glass reinforced epoxy (GRE) pipe market by process, application, and region, as follows:

This more than 150-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 email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel 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.

 

Q.1. What are some of the most promising, high-growth opportunities for the glass reinforced epoxy (GRE) pipe market by process (filament winding, centrifugal casting, and others (pultrusion and hand lay-up)), application (oil & gas, industrial, water/wastewater, and marine & offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?