About FRP Pipe
FRP or Fibre Reinforced Plastic is a compound material which consist of reinforcing fibres thermosetting resins and other materials for example fillers and pigments may also be present. Glass fibre is usually used as a reinforcing material and polyester resins are generally used as bending agent. The FRP pipe is carefully manufactured using proper polyester or vinyl ester thermosetting resins and fibrous glass reinforcements. Moreover, FRP is the logical construction material of choice for handling a wide variety of fluids and gases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market in new areas by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies Analyst at AMA Research estimates that United States and Indian Manufacturers will contribute the maximum growth to Global FRP Pipe market throughout the forecasted period. 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.
Chemical Process Piping Pvt Ltd. (India), Amiantit Company (Saudi Arabia), Hobas (Austria), HengRun Group Co. Ltd. (China), Sekisui Chemicals (Japan), Future Pipe Industries (United Arab Emirates), National Oilwell Varco (United States), Sarplast SA (Switzerland), ZCL Composites Inc. (Canada) and Balaji Fiber Reinforce (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Graphite India Ltd. (India), Ashland (United States) and Augusta Fiberglass (United States).
Segmentation Overview
AMA Research has segmented the market of Global FRP Pipe market by Type (Polyester, Polyurethane, Epoxy and Others) and Region.
On the basis of geography, the market of FRP Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the FRP Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Centrifugal Casting will boost the FRP Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Water & Wastewater will boost the FRP Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Cost Effective Piping Solutions
Market Growth Drivers:
Growing Infrastructure Development Worldwide, Rising Focus on Easy Installation and Maintenance of Pipes and Increase in Demand from Oil & Gas Industry
Challenges:
Lack of Awareness about FRP Pipe
Restraints:
High Cost of Raw Materials
Opportunities:
Increasing Demand from Emerging Economies Such As India and China
Market Leaders and their expansionary development strategies
Creative Composites Group (CCG, Alum Bank, Penn., U.S.), a manufacturer of fiber-reinforced polymer (FRP) composites, has acquired the assets of United Fiberglass of America, Inc. (UF, Springfield, Ohio, U.S.), a manufacturer of quality fiberglass pipe, conduit and bridge drain infrastructure systems. The acquisition will expand composite manufacturing capabilities to service key infrastructure markets and enhance the capabilities to develop highly engineered composite systems and solutions to meet our customers’ needs
In April 2024, Construction Materials manufacturer Wagners has launched a new 356mm Fibre Reinforced Polymer (FRP) utility pole for electricity networks feeling the pinch of timber shortages.ibre Reinforced Polymer is as strong as steel and our utility poles have an expected design life of 80-years; so if a timber pole has to be replaced three times as often as an FRP pole that translates into reduced maintenance and replacement costs for network operators.
Key Target Audience
Manufacturers of FRP Pipe, Suppliers of FRP Pipe Materials, Wholesalers, Distributors and Retailers of FRP Pipe, Oil & Gas Industry, Chemical Industry, Governmental Bodies and Research Firms
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.