Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the FRP pipe market looks promising with opportunities in the applications such as oil and gas, water/wastewater, chemical/industrial, retail fuel, pulp/paper and sewage industries. The global FRP pipe market is expected to reach an estimated $5.8 billion by 2027 with a CAGR of 6.4% from 2021 to 2027.  The major growth driver for FRP pipe market is increasing demand for cost-effective, corrosion and temperature resistant pipes in different end use industries.

In this market, polyester composite, epoxy composite, and vinyl ester composites are the major type resin used for FRP pipe. Lucintel forecasts that epoxy composite based FRP pipe will remain the largest segment over the forecast period due to its excellent corrosion, high strength, dimensional stability, and adhesion properties compared to other resins. Polyester based composite is expected to witness the highest growth over the forecast period.

Within the FRP pipe market, chemical/industrial segment will remain the largest application over the forecast period due to infrastructure developments, rapid industrialization and replacing old piping system in industrial firefighting divisions. Sewage segment by application is expected to witness the highest growth over the forecast period.

Asia Pacific is expected to remain the largest region over the forecast period due to due to tremendous economic growth in China and India. Increase in urbanization and growing population, governments are focusing on the development of infrastructure facilities, the construction of new water supply and treatment systems, and the replacement of existing outdated pipeline systems.North America is expected to witness the highest growth over the forecast period.

Emerging trends, which have a direct impact on the dynamics of the industry, include emerging grooved coupling technique for joining FRP pipes, introduction of high impact resistance FRP pipe and uses of environment-friendly glass fiber for the production of FRP pipes. Future Pipe Industries, National Oilwell Varco, Amaintit, Hobas, and Hengrun Group are among the major suppliers of the FRP pipe market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global FRP pipe market by application, by resin, by diameter, by pressure, by manufacturing process, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global FRP Pipe Market 2022-2027: 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 global FRP pipe market by resin, by diameter, by pressure, by manufacturing process, and region as follows:
































This 307-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 write us at helpdesk@lucintel.com.

About Lucintel

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

This report answers following 11 key questions:

 

Q.1 What are some of the most promising potential, high growth opportunities for the global FRP pipe market by application (oil and gas, retail fuel, water/wastewater, sewage, pulp/paper, chemical/industrial and others ), by diameter (small diameter medium diameter and large diameter), by resin (polyester resin based FRP pipe, epoxy resin based FRP pipe and vinyl ester resin based FRP pipe), by pressure rating (low pressure, medium pressure and high pressure), by manufacturing process (filament winding, centrifugal casting and others),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 regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

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

Q.7 What are 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 being implemented by key players for business growth?

Q.10 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?

Q.11 What M & A activities have taken place in the last 5 years in this market?