GRP Pipes Market Research Report - Global Forecast till 2027

Global GRP Pipes Market Research Report: By Resin (Epoxy, Polyester, Vinyl Ester) and By End-Use (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation) – Forecast to 2027

ID: MRFR/CO/6790-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Forecast


Global GRP Pipes Market is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16%.


Market Synopsis


The gass fiber reinforced plastic (GRP) pipes market is growing due to the growth in the petroleum industry, its excellent utility for transporting chemicals, a worldwide emphasis on public utilities as well as for transporting water to be used for irrigation purposes.


GRP pipes offer inherent strength, are lightweight and are impervious to adverse weather conditions, making them ideal for outdoor purposes. They are very resistant to corrosion from chemicals and are easy to manufacture and install. They offer superior hydraulic characteristics, can be precision coupled, and have a very long service life.


Market USP


Excellent weather and corrosion resistance and long service life.


Market Drivers



  • Growth of the oil & gas industry

  • Growth of the chemical industry in developing nations

  • Increasing worldwide demand for ensuring water supply to viable agricultural land.

  • Rapid urbanization spurring the utility sector


Market Restraints



  • Repair and maintenance require a skilled workforce

  • Brittleness which causes structural damage


Segmentation


By Resin



  • Epoxy: The largest market within this segment, epoxy GRP pipes provide higher strength, very high resistance to chemical corrosion, and long service life making them ideal for use in the petroleum and chemical industries. Most petroleum, crude oil, and chemical waste is carried by epoxy GRP pipes.

  • Polyester: Polyester GRP pipes are inferior to epoxy GRP pipes in all aspects except cost. Polyester GRP pipes are used in irrigation, wastewater management, and water supply. They are durable enough to transport water and are cheap enough to be employed extensively in agriculture. They offer very easy installation and maintenance as well.

  • Vinyl Ester: Vinyl esters GRP pipes are qualitatively between polyester and epoxy GRP pipes. They offer more flexible and offer excellent impact resistance. They are used in environments which are subject to stress and exposure to the elements.


By End-Use



  • Oil & Gas: The largest market within this segment, GRP pipes are used extensively in the transportation of oil & gas over large distances. They are also employed within refineries. The growth of the petroleum industry along with the ever-increasing demand for petroleum and gas is driving this market segment.



  • Chemicals: Due to the excellent corrosion resistant properties of GRP pipes they are used within chemical manufacturing plants as well as for transportation of chemicals and chemical waste products. This market is growing due to the growth of chemical industries in developing nations.



  • Wastewater Treatment & Water Supply: GRP pipes are cheap, durable, and easily replaceable, making them ideal for wastewater treatment and water supply. Urbanization along with the subsequent growth of utilities is driving this market segment.



  • Irrigation: The growing demand for agricultural produce is ensuring the growth of irrigation channels and canals to transport water to distant farmlands. This is driving the GRP irrigation pipes market globally.


By Region



  • North America: The North American GRP pipes market is primarily driven by the petroleum industry and the chemical industry.

  • Europe: The demand for GRP pipes in Europe comes from its oil and gas industry and its utility sector.

  • Asia-Pacific: This is the largest regional market for GRP pipes due to the fast-developing economies of this region as well as the growing utility sector and the need to irrigate agricultural land with no natural water source nearby.

  • Rest of the World: The GRP pipes market in this region is driven by the huge oil & gas industry in the Middle East & Africa, the growing utility sector in a rapidly urbanizing Africa, and the agricultural sector in South America.


Key Players



  • Saudi Arabian Amiantit Co. (Saudi Arabia)

  • Future Pipe Industries (UAE)

  • Hengrun Group Co., Ltd. (China)

  • National Oilwell Varco (US)

  • FLOWTITE Technology AS. (Norway)

  • Columbus McKinnon Corporation (US)

  • Sarplast SA (Switzerland)

  • Weihua Group (China)

  • Amiblu Holding GmbH (Austria)

  • FIBREX - Fiberglass Pipe Manufacturer, FRP Pipes, GRP Pipes (US)

  • Enduro (US)

  • Beetle Plastics (US)

  • Smit Group, LLC (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   2025: USD 8.66 Billion
  CAGR   5.16% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Resin, End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Saudi Arabian Amiantit Co. (Saudi Arabia), Future Pipe Industries (UAE), Hengrun Group Co., Ltd. (China), National Oilwell Varco (US), FLOWTITE Technology AS. (Norway), Columbus McKinnon Corporation (US), Sarplast SA (Switzerland), Weihua Group (China), Amiblu Holding GmbH (Austria), FIBREX - Fiberglass Pipe Manufacturer, FRP Pipes, GRP Pipes (US), Enduro (US), Beetle Plastics (US), Smit Group, LLC (US)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Growth of the oil & gas industry
  • Growth of the chemical industry in developing nations
  • Increasing worldwide demand for ensuring water supply to viable agricultural land
  • Rapid urbanization spurring the utility sector


  • Frequently Asked Questions (FAQ) :


    GRP pipes market is projected to grow at a 5.16% CAGR between 2019-2025.

    GRP pipes market is predicted to touch USD 8.66 billion by 2025.

    The APAC region is expected to dominate the GRP pipes market.

    The oil and gas segment will lead the GRP pipes market.

    Growing chemical industry and rapid urbanization are the key factors driving the GRP pipes market.