About Glass Reinforced Plastic (GRP) Piping
Glass Reinforced Plastic (GRP) Piping are environmental friendly in nature. GRP Pipes are made up of composite material like thermosetting resins, sand, glass fibre and others. GRP pipes are lightweight, and they have excellent resistance for corrosion. GRP pipes are lightweight as they are only 1/6th the weight of steel products, hence it is preferred by several industries. In recent times, The GRP pipes are replacing the steel in various industries like fire waste water treatment. This pipes are nonconductive hence it does not require cathodic protection. However, some GRP pipes manufacturers provides conductive GPR pipes for transportation of Jet fuel. The market is witnessing huge demand owing to raised industries activities and their transportation. Thus, major market players are focusing on providing GRP pipping having wide applicability.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.3% |
The market of Glass Reinforced Plastic (GRP) Piping is expected to grow with rising demand for industrial activities. There are various companies are operating in the market to provides excellent Glass Reinforced Plastic (GRP) Piping which having good corrosion resistance. The market is highly fragmented owing to presence of major players. This market players are gaining attention from the however, new entries are continue to rise owing to profitability of the market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Owens Corning Composite Materials, LLC (United States), Future Pipe Industries (UAE), Gruppo Sarplast (Italy), Pipelife Nederland B.V.(Netherland), GripClad (United States), Vetroresina S.p.A. (Italy), FiberTech Composite Pvt. Ltd. (India), Henan Donghai Composite Materials Co., Ltd. (China), Kolon Industries, Inc. (North Korea), Graphite India Limited (India), Industrial Plastic Systems (United States) and Technobell (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Glass Reinforced Plastic (GRP) Piping market by , Application (Chemical, Metal & Mining, Paper & Pulp, Waste water Treatment, Transportation & logistics and Others) and Region.
On the basis of geography, the market of Glass Reinforced Plastic (GRP) Piping has been segmented into
. If we see Market by , the sub-segment i.e. will boost the Glass Reinforced Plastic (GRP) Piping market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference for Environmental Friendly Piping in Number of Industries
Market Growth Drivers:
Growing Expenditure of Manufacturing, Metal & Mining, Paper & Pulp Industry and Low Maintenance Cost, and Wide Applicability Is Impacting On the Demand in Positive Manner
Challenges:
Less Efficiency for High Temperature
Restraints:
Availability of Substitutes like FRP and High Investments for Manufacturing may Restraints its Demand
Opportunities:
Ease In Use & Huge Demand for Light Weight Pipes Has Created Ample Opportunities, Superior Properties over Conventional Pipes and Huge demand for GRP Pipes to replace Steel
Market Leaders and their expansionary development strategies
In February 2023, Future Pipe Industries (FPI) and Sekisui Chemical Group announced a strategic partnership to develop and manufacture advanced composite pipes for oil and gas applications in the Middle East and North Africa region.
In October 2023, Future Pipe Industries launched its Fiberglass Reinforced Polymer (FRP) Liners for Rehabilitation of Metallic Pipelines, offering a corrosion-resistant solution for extending the lifespan of existing pipelines.
Key Target Audience
Glass Reinforced Plastic (GRP) Piping Manufacturers/Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.