The global demand for Reinforced Plastic Piping Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Reinforced plastic pipes are also identified as glass fiber reinforced plastic pipes (GRP) or fiberglass reinforced plastic pipes (FRP). Glass fiber reinforced plastic pipes are made out of plastics that combine fine glass and reinforced fibers. Glass fibers are manufactured by melting clay, limestone and silica sand in a furnace. After that the liquid is made to pass through a bushing which produces very small strands of filaments. These pipes, made up of composite materials are durable, corrosion resistant, chemical resistant, light in weight and are extremely strong. All these properties make glass fiber reinforced plastic pipes a better choice than stainless steel, concrete, and iron pipes.
Market Dynamics
The key factor driving glass fiber reinforced plastic pipe market growth is growing demand for lightweight and durable pipes from various sectors including water supply, irrigation, chemicals, oil & gas and wastewater treatment. Furthermore, surge in crude oil production in some parts of the world, rise in exploration of hydrocarbon and activities related to production, strict government guidelines related to use of products in automobile and construction industry and the growing popularity of GRP will boost the demand for GRP. However, fluctuating raw material prices, high initial capital investment, high manufacturing cost and health related issues with use of GRP are factors hindering reinforced plastic pipe market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of reinforced plastic piping. The growth and trends of reinforced plastic piping industry provide a holistic approach to this study.
Market Segmentation
This section of the reinforced plastic piping market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Resin
- Epoxy
- Polyester
- Vinyl Ester
- Others
By Application
- Oil & Gas
- Chemicals
- Wastewater Treatment
- Irrigation
- Water Supply
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Reinforced Plastic Piping market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Reinforced Plastic Piping Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the reinforced plastic piping market include Saudi Arabian Amiantit Company, Veplas d.d., Future Pipe Industries, Enduro Composites, HOBAS, Harwal Group, Hanwei Energy Services Corp., Composite Pipes Industry, Dubai Pipes Factory, Graphite India Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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