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GRP Pipes Market is predicted to reach USD 6.3 billion at a CAGR of 4.5% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “global GRP Pipes Market” that contains the information from 2018 to 2030.


GRP Pipes Market


GRP Pipes or Glass Reinforced Plastics pipes are composite material pipes consisting of a polymer matrix that is reinforced with glass fibers. They have very high corrosion resistance ability and are thus used widely for low-temperature corrosion-resistant applications. The polymer matrix is usually an epoxy, vinyl ester, or polyester thermosetting resin.


Market Synopsis


According to the MRFR analysis, the Global GRP Pipes Market size is projected to reach USD 6.3 Billion by 2030 at a CAGR of 4.5%.


Glass Reinforced Plastic (GRP) Pipes Market reinforcements are incorporated in cured thermosetting polymers. Because of their anti-corrosion qualities, GRP is becoming more popular in the GRP Pipes Industry. The GRP Pipes Market Share is expanding as the petroleum sector expands, as well as its good utility for moving chemicals, a global focus on public utilities, and for delivering water for irrigation purposes. Global GRP pipes market is segmented on the basis of resin, end use and region. Based on resin the market is segmented into Epoxy, Polyester and Vinyl Ester. On the basis of end use the market is segmented into Wastewater Treatment, Chemicals, Oil & Gas, Irrigation and Others.


The advent of the global pandemic, COVID-19, has resulted in global crisis across the world. Impacting over 195 countries, the pandemic has already created economic backdrop worldwide and is deemed to create a chaotic environment, thereby resulting in the advent of global rescission. With the rising number of cases rapidly, the GRP pipes market is getting affected in many ways.


Competitive Landscape


The global GRP pipes market is profitable, both for existing players as well as new entrants. The market is highly competitive with all the players competing to gain a higher market share. Intense competition, rapid advances in GRP pipes manufacturing technology, and regulations are key factors that confront the market growth. A substantial level of rivalry is observed among the existing manufacturers in the market.


 The key players operating in the global GRP Pipes market include NATIONAL OILWELL VARCO (US), FLOWTITE TECHNOLOGY AS, SAUDI ARABIAN AMIANTIT CO, FUTURE PIPE INDUSTRIES, HENGRUN GROUP CO., LTD, SARPLAST SA, AMIBLU HOLDING GMBH, FIBREX, ENDURO COMPOSITES, BEETLE PLASTICS.


Segmentation


By Resin Type



  • Epoxy: Epoxy resins have excellent resistance to a wide range of moderately strong acids and alkalis and most hydrocarbons. Aliphatic amines, Aromatic amines, anhydrides are few examples of base epoxy resins. The cross-linked structure makes epoxy-based piping significantly robust compared to its counterparts and ensures thermostability & impact resistance. These piping systems are used for demanding clients operating in the Marine & Offshore, Oil & Gas and (Petro)chemical markets.

  • Polyester: The biggest and most touted advantage of a Glass-Reinforced Polyester (GRP) pipe is that it is resistant to corrosion. It has features superior characteristics over traditional pipes. These pipes are designed to have a long service life without any special lining or coating, which makes them highly cost-effective for the end-user. Owing to this property, these pipes are extensively adopted across a range of industries associated with chemical production, such as flue-gas desulfurization, chlor-alkali & chemical plants, metal production, and pulp & paper mills.

  • Vinyl Ester : Vinyl ester-based GRP pipes and tanks are widely used in industries such as the Chlor-alkali and chemical industry, power generation industry, mining and metal industry, industrial water and wastewater industry, food processing industry, and pulp and paper industry. In the Chlor-alkali and chemical industry, vinyl ester-based GRP products are used in pipes and tanks as they possess high chemical resistance require low maintenance. These pipes are also used in soda ash plants. Vinyl ester-based pipes are also popular in industrial wastewater applications, as they reduce long-term maintenance and pump operating costs.


By End-Use



  • Oil and gas: There is a growing utility of GRP pipes in a range of applications in the oil & gas sector such as refinery piping, exploration, crude oil transmission, sub-sea piping, and gas transmission lines. These tasks are highly water-intensive: hence, a rise in oil & gas exploration activities, fracking for shale gas, and growing demand for biofuels will augment the glass reinforced plastic piping market revenue in the forecasted period.

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  • Chemicals: For the chemical end-use industry, corrosion is a major issue, as pipelines often carry toxic fluids. The prime advantage of GRP pipes over steel pipes is that they do not corrode. GRP’s superior durability and weight saving capabilities over steel pipes are due to this feature.

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  • Wastewater Treatment: The wastewater treatment application will constitute over 21% of the global consumption in 2027. Processed or raw water has high demand in several applications including processing, washing, and cooling in manufacturing industries such as chemical, pulp & paper, automotive, metal & mining, power, oil & gas, pharmaceuticals, and textiles.


  • Irrigation: Efficient and reliable irrigation systems can help save water and energy throughout the agri-food chain and provide a buffer against rainfall variability caused by climate change. Increasing demand in irrigation projects to arrest evaporation losses and pilferage of water drives the demand of GRP pipes, globally.

  • Others: Based on other application, the market for GRP pipe is segmented into sewage, drinking water transmission, energy & power, and infrastructure. GRP pipes are widely used in sewage treatment facilities on account of their ability to resist corrosion caused by toxic chemicals during the treatment.


By Region



  • North America: Increasing volume of discharge water from industries and rising hydrocarbon production will drive the market demand. Manufacturing industries, including chemical, automotive, paper & pulp, oil & gas, power, metal & mining, textiles, and pharmaceuticals generate a high demand for processed or raw water for a range of applications, such as washing, processing, and cooling. These industries contribute significantly to water pollution, which leads to water demand and supply gaps.

  • Europe: Decreasing oil and gas consumption, owing to a shift of economy towards less Greenhouse Gas (GHG) emissions and investments in chemical and sewage industries, is expected to drive demand in Europe. Epoxy glass fiber reinforced plastics pipes are projected to witness a growth in demand owing to an increase in natural gas exports from the European countries, such as Germany and U.K.

  • Asia-Pacific: Asia-Pacific holds the largest share of the fiberglass pipes market owing to the presence of large chemical industry and government spending on water & waste management in countries such as China, India, and Indonesia. The Asia Pacific market for GRP pipes has been further sub-segmented geographically into India, China, Japan, South Korea, Australia, and Rest of Asia Pacific. Amongst them, China has the largest market by revenue in the region.

  • Middle East & Africa: Increasing deployment of GRP pipelines across Saudi Arabia, the world’s largest oil and gas producer, Saudi Aramco has recently taken an initiative to use reinforced thermoplastic pipes in oil flowlines. The company noted that any constructional breakdown in flowlines mainly due to corrosion during working operations leads to loss of working hours that could increase the overall project cost.

  • South America: South America is also expected to witness moderate growth over the forecast period owing to civil developments in developing countries of the region. However, high cost of GRP pipe and economic instability in the region is likely to hinder the market growth in the upcoming years. The market in Central and South America is influenced by the import of primary energy inputs through an extensive pipeline network.


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