Product Code: SR112024A6343
The global FRP pipe market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.66% during 2024-2032.
Fiber reinforced plastic (FRP) pipe is a composite material manufactured by centrifugal casting and winding process that reinforces thermosetting resins with fiberglass filaments. It is lightweight, strong, easy to install, and highly resistant to temperature, chemicals, and corrosion. It is extensively used in the trenchless installation of pipelines, such as direct pipe and micro tunneling, as it provides the required jacking pressure to drive the pipe due to its smooth outer surface. Additionally, it withstands the corrosion of acid, alkali, and salt and prevents the erosion of untreated sewage, corrosive soil, and chemical wastewater. As FRP pipe incurs low investment and pumping costs, it is extensively used in various industries, such as construction, chemical, and oil and gas.
FRP Pipe Market Trends:
The growing global population is increasing construction of residential and commercial buildings. This is driving the demand for proper drainage and pipeline system installed with FRP pipes. The rising demand for lightweight and corrosion-resistant piping from the construction industry is also bolstering the market growth. In addition, the increasing use of chemical and pollution-resistant pipes in the chemical and oil and gas industries is offering lucrative growth opportunities to manufacturers. In line with this, technological innovations in the manufacturing process of FRP pipes are offering a favorable market outlook. Furthermore, the increasing utilization of FRP pipes in water and wastewater treatment operations, saltwater cooling and desalting plants, water well casings, process piping, and injection lines is strengthening the market growth. Additionally, the rising awareness among the masses about the benefits of using FRP pipes over other piping systems is contributing to market growth. Moreover, increasing investment in pipeline infrastructure and research and development (R&D) activities to launch advanced product variants are propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global FRP pipe market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, manufacturing process and application.
Breakup by Type:
Glass-Reinforced Polyester
Glass-Reinforced Vinyl Ester
Glass-Reinforced Epoxy
Breakup by Manufacturing Process:
Centrifugal Casting
Filament Winding
Pultrusion
Others
Breakup by Application:
Water and Wastewater
Chemical and Industrial
Oil and Gas
Power Generation
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Augusta Fiberglass, Enduro Composites, Ershigs Inc, Fibrex Fiberglass Pipe, FRP SYSTEMS, Hanwei Energy Services Corp., HOBAS, Industrial Plastic Systems, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd, NOV Inc., Sarplast, Saudi Arabian Amiantit Co. and Shawcor Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global FRP pipe market in 2023?
- 2. What is the expected growth rate of the global FRP pipe market during 2024-2032?
- 3. What are the key factors driving the global FRP pipe market?
- 4. What has been the impact of COVID-19 on the global FRP pipe market?
- 5. What is the breakup of the global FRP pipe market based on the type?
- 6. What is the breakup of the global FRP pipe market based on the manufacturing process?
- 7. What are the key regions in the global FRP pipe market?
- 8. Who are the key players/companies in the global FRP pipe market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global FRP Pipe Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Glass-Reinforced Polyester
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Glass-Reinforced Vinyl Ester
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Glass-Reinforced Epoxy
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Manufacturing Process
- 7.1 Centrifugal Casting
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Filament Winding
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Pultrusion
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Water and Wastewater
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Chemical and Industrial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Oil and Gas
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Power Generation
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Augusta Fiberglass
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Enduro Composites
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ershigs Inc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Fibrex Fiberglass Pipe
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 FRP SYSTEMS
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Hanwei Energy Services Corp.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 HOBAS
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Industrial Plastic Systems
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 NOV Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Sarplast
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Saudi Arabian Amiantit Co.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.13 Shawcor Ltd
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis