GRP pipe market

Market overview

GRP Pipes Market Will Acquire A Value Of USD 655.21 Billion And A CAGR Of 5% During 2023-2030.

A common type of fiber-reinforced plastic that uses glass fibers is fiberglass. Strands can be woven into cloth, flattened into sheets, or arranged randomly. Plastic matrices are either thermoplastic or thermoset polymer matrices and are usually based on thermoset polymers such as epoxies, polyester resins, or vinyl esters. Other common names for fiberglass include fiber-reinforced plastic, glass-reinforced plastic, and glass-reinforced epoxy. Glass fiber reinforced composites such as GRE and GRP are commonly referred to as FRP.

The FRP/GRP/GRE pipe market is expected to grow due to growing interest in easy installation and maintenance of pipes, expanding infrastructure development, and increasing demand for non-corrosive pipes. The expansion of the FRP/GRP/GRE pipe market faces major obstacles in the form of large-scale manufacturing of FRP pipes. For construction of FRP pipes, raw materials are procured directly from producers. The rationale behind this direct purchase cycle is that manufacturing must be done in harmony with the operational obligations and raw material quality of the various end-use sectors.

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segmentation

The GRP pipe market is divided into various segments.

Polyesters, Epoxies, and Others are the three product categories that divide the market. Polyester and epoxy are two commonly used materials in pipe manufacturing due to their superiority over traditional materials.

The market is segmented into Oil & Gas, Sewerage, Irrigation, and Others based on application. The major end-user markets for FRP are the oil and gas industry, water and wastewater management due to their long life in harsh environments. The FRP pipe market is expected to be driven by China and India’s expanding oil and gas, retail oil, water and wastewater, pulp and paper, chemical, marine, and offshore sectors.

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Regional analysis

The regions that make up the GRP pipe market are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific will continue to lead the industry during the forecast period. The presence of a rapidly developing economy, expansion of the utility sector, availability of a skilled workforce, high demand from end-users, and favorable government regulations encourage manufacturers to locate production facilities in the region. became. China is the largest consumer in the region. Presence of pipes and numerous chemical manufacturing companies.

Europe is expected to hold the second largest market share for GRP pipes during the forecast period. increased investment in the construction of local infrastructure, increased demand from the oil and gas industry and its utilities sector, and

Recent development

Amiblu, a 50:50 joint venture between HOBAS and Amiantit, was established in Uganda, Norway, Sri Lanka, Chile, Scotland, Alpine and Iceland to address water issues sustainably and expand their geographical reach. rice field.

The global GRP pipe market is growing due to government investment in construction of eco-friendly buildings and upgrading of infrastructure . We have used partnerships, partnerships, agreements, global expansion, new product releases, joint ventures and other strategies to stay on top and at the same time meet the growing needs of our customers.

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