GRE Pipes Market 2019
Description: –
GRE pipes or Glass Reinforced Epoxy pipes are a great alternative to the standard pipes made of carbon steel. GRE pipes are manufactured using high strength fibre glass and epoxy resins and are thus non-corrosive and have several other benefits.
This report analyses the current status of the global GRE pipes market, outlines the key market drivers and the bases for market segmentation and studies the trends of this market till 2025.
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Key Players
Pipex Limited
Future Pipe Industries
Tamdid Pipes
Epp Composites Pvt. Ltd.
Acwapipe
Smithline Reinforced Composites
National Oilwell Varco
…
The global GRE pipes market is expected to witness considerable growth by 2022 with a CAGR of 4.2%. Apart from being anti-corrosive, GRE pipes can also withstand adverse moist conditions, surge pressure and are lighter in weight than carbon steel pipes. One of the main advantages of GRE pipes are their hydraulic efficiency. Increase in a worldwide demand for energy especially oil and gas, is boosting the growth of the GRE pipes market, as GRE pipes are widely used in transporting crude oil, refineries, desalination plants and oil fields.
A major advantage of GRE pipes is that they also have a longer service life and are low-maintenance compared to carbon steel pipes. This factor is also encouraging manufacturers to prefer GRE pipes over other types of piping solutions.
Segmentation:
The GRE pipes market is segmented on the basis of type, application, industry and geographical region.
According to type, this market can be split into
Polyester
Epoxy
Others
Based on application, the GRE pipes market can be divided into:
Gas transportation
Fire fitting
Sewage disposal
Transportation
Offshore
Others
Depending on industry, the GRE pipes market is split into:
Oil and Gas
Sewage Pipe
Irrigation
Others
The oil and gas sector is expected to witness the maximum growth during the forecast period as GRE pipes have less thermal conductivity, and is increasingly preferred in the petrochemicals and oil and gas sector.
Regional Analysis:
North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa are the major regions for the GRE pipes market across the world.
North America continues to enjoy a positive growth due to increasing demand in oil and gas, water and chemical industries. Europe on the other hand, is expected to witness a slower growth due to stringent laws for manufacturing GRE pipes.
The Asia Pacific region occupied the largest market share of almost 35% in 2018, and is expected to witness the fastest growth in the GRE pipes market, due to growing industrialization and increased spending in the oil and gas and power generation sector.
Middle East and Africa is home to some of the major oil and gas companies in the world, and claims nearly 30% of crude oil production worldwide. Thus, the demand for GRE pipes is expected to grow in this region owing to rising demand for oil and gas and higher investments in the oil and gas sector.
Industry News:
The key players in the GRE pipes market include Smithline Reinforced Composites FZ-LCC, Saudi Arabian Amiantit Co., Kemrock Industries And Exports Limited, EMCO International, Future Pipe Industries, Rotec Composite Group, Conley Corporation, and HOVOY Composite, among others.
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Table of Contents – Major Key Points
- GRE Pipes Market Overview
- Global GRE Pipes Market Competition by Manufacturers
- Global GRE Pipes Production Market Share by Regions
- Global GRE Pipes Consumption by Regions
- Global GRE Pipes Production, Revenue, Price Trend by Type
- Global GRE Pipes Market Analysis by Applications
- Company Profiles and Key Figures in GRE Pipes Business
- GRE Pipes Manufacturing Cost Analysis
Continued….
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