According to the recent study the FRP pipe market is projected to reach an estimated $6.0 Billion by 2030 from $4.7 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for cost-effective, corrosion and temperature resistant pipes in different end use industries.
Browse 107 figures / charts and 68 tables in this 307 -page report to understand trends, opportunities and forecast in FRP pipe market by application (oil and gas, retail fuel, water/wastewater, sewage, pulp/paper, chemical/industrial and others ), diameter (small (<18”), medium (18”-60”) and large (>60”)), resin (polyester resin based FRP pipe, epoxy resin based FRP pipe and vinyl ester resin based FRP pipe), pressure rating (less than 150 psi, 150-300 psi and more than 300 psi), manufacturing process (filament winding, centrifugal casting and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that 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. Oil and Gas segment by application is expected to witness the highest growth over the forecast period.
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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.
Asia Pacific is expected to remain the largest region over the forecast period 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infrastructure facilities, the construction of new water supply and treatment systems, and the replacement of existing outdated pipeline systems.
Future Pipe Industries, National Oilwell Varco (NOV), Hengrun Group Co. Ltd., Amiblu Holding Gmbh (Hobas Pipe), Amaintit, Farassan, Kinflare Group, Sekisui Chemicals, and Abu Dhabi Pipe Factory are among the major FRP pipe market.
This unique 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 write us at helpdesk@lucintel.com
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