Glass Reinforced Plastic (GRP) Piping Market Size, By Resin (Epoxy, Polyester, Vinyl Ester), By Application (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation, Water Supply), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Glass Reinforced Plastic (GRP) Piping Market Size, By Resin (Epoxy, Polyester, Vinyl Ester), By Application (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation, Water Supply), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Glass Reinforced Plastic (GRP) Piping Market Size, By Resin (Epoxy, Polyester, Vinyl Ester), By Application (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation, Water Supply), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Glass Reinforced Plastic Piping Market Size
Glass Reinforced Plastic Piping Market size was USD 5.46 billion in 2020 and will grow at a CAGR of 4.5% from 2021 to 2027. Rising urbanization and growing need for sustainable energy throughout the globe will stimulate the GRP piping industry.
GRP pipes are composed of cured thermosetting resins embedded with glass reinforcements. Glass reinforced plastics are gaining more popularity in the piping industry due to their anti-corrosion properties.
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The GRP piping market will foresee significant growth in the wastewater treatment and oil & gas sectors owing to the product’s superior properties such as chemical-resistance, lightweight, durability, adhesion, thermal resistance, low shrinkage, low maintenance & monitoring, etc. These pipes serve as a medium for supplying drinking water, wastewater, chemical processing, oil & gas, agriculture processing, seawater, industrial water, etc.
Glass fiber reinforced plastics are composites of glass fibers with a polymer matrix. The matrix is generally polyester, epoxy, or thermosetting resin. The resin significantly enhances the chemical & thermal resistance of the material and acts as a binder in the fibers of the structural laminates. Moreover, glass fibers can be conveniently oriented to enhance the composite strength.
New potential uses of GRP piping to economically substitute metal and ductile pipes in green building constructions will escalate the glass reinforced plastic piping market share. Energy demand has been rising in the urban sector owing to growing urban population; for instance, UNO reported that the global urban population will double be compared to the rural population by 2040. Government frameworks related to limited GHG emissions and energy conservation will escalate the installation of GRP piping in industrial infrastructures.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Glass Reinforced Plastic (GRP) Piping Market Size in 2020 | USD 5.46 Billion |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 4.5% |
| 2027 Value Projection | USD 7.27 Billion |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 320 |
| Tables, Charts & Figures | 401 |
| Segments covered | Resin, Application, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Significant development of horizontal drilling and hydraulic fracturing technologies has led to abundant reserves of unconventional hydrocarbon in the U.S. The region will be among the largest markets in terms of liquid hydrocarbon production. 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-intensivehence, 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 by 2027.
The global glass reinforced plastic piping industry is highly regulated and monitored by various regulatory authorities across the globe including the European Council, Organization for Standardization (ISO), U.S., Code of Federal Regulations (CFR), American Water Works Association (AWWA), and Water Regulations Advisory Scheme (WRAS). GRP pipe manufacturers follow all national and international standards such as TSE, ISO, BS, DIN, ASTM, etc. Therefore, the entry barriers for new entrants in the GRP piping industry will be high due to the capital-intensive nature of the market.
The introduction of GRP in the piping industry has led to high volumes of scrap and end-of-life wastes. Government restrictions on landfill disposal and fluctuating raw material costs might hamper the glass reinforced plastic piping market growth. Additionally, the COVID-19 crisis had a significant impact on the global GRP piping market, resulting in a decline in piping & fitting consumption among end-user industries.
Furthermore, the supply chain disruption and a lack of labor have declined the value of new contracts in real estate building projects during the period. A decline in consumption has enforced industry players to reduce costs and inventories.
Glass Reinforced Plastic Piping Market Analysis
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The epoxy resin-based GRP piping was over USD 3.60 billion in 2020 and is likely to grow at a decent rate of 4.3% in the overall market. Epoxy GRP pipes possess superior properties, such as low friction, resistance to abrasion & corrosion, high insulation, etc., that make them the preferred choice in the oil & gas sector as they enhance the flow capacity of resources. The cross-linked structure makes epoxy-based piping significantly robust compared to its counterparts and ensures thermostability & impact resistance.
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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. These industries are the major contributors to water pollution, thereby increasing water demand and supply gap.
The rising water contamination owing to industrial activities along with freshwater scarcity in developing regions has led to stringent government regulations on water recycle and reuse projects. These traits will be the key driving forces of GRP piping in wastewater treatment facilities.
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Europe will hold a revenue size of over USD 1.70 billion in 2027. Rising investments in regional infrastructure development will have a significant influence on the market growth in the coming years. Moreover, the presence of large industrial effluent treatment and chemical processing companies, especially in Germany, France, the UK, and Spain, will contribute to the market growth. Stringent GHG emission norms and rising export of natural gas in the EU region will escalate the glass reinforced plastic piping market sales.
Glass Reinforced Plastic Piping Market Share
The competitive landscape of the glass reinforced plastic piping industry is fragmented with the leading product manufacturers constituting over 1/3rd of the entire market share. Market players are engaged in collaborating with research institutes to innovate biobased GRPs that can be originated from renewable resources and polymer matrix.
Industry players are striving to enhance their global footprints using strategic initiatives such as joint ventures, merger & acquisition, and technological advancements leading to an intense industry rivalry. For example, Amiblu, a 5050 joint venture of HOBAS and Amiantit, has significantly invested in hydropower schemes to sustainably solve water challenges in remote areas of Uganda, Norway, Sri Lanka, Chile, Scotland, Alpine, and Iceland and to expand its geographical reach.
Other notable players operating in the glass 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
- Plasticon Composites
- Fibrex
- Sarplast
- Smithline Reinforced Composites
- Industrial Plastic Systems
- China National Building Material Company
- Global Pipe
- Technobell
- Superlit Pipe Industries
The glass reinforced plastic piping market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments
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By Resin
- Epoxy
- Polyester
- Vinyl Ester
- Others
By Application
- Oil & gas
- Chemicals
- Wastewater treatment
- Irrigation
- Water supply
- Others (pulp & paper, power generation, mining, etc.)
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Russia
- Asia Pacific
- China
- Japan
- India
- Australia
- Indonesia
- Thailand
- Latin America
- Brazil
- Mexico
- Colombia
- MEA
- Saudi Arabia
- UAE
- Turkey
- Egypt
- South Africa
Table of Content
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.2. Market definition
1.3. Base estimation & working
1.3.1. North America
1.3.2. Europe
1.3.3. APAC
1.3.4. LATAM
1.3.5. MEA
1.4. Market estimation & forecast parameters
1.4.1. COVID-19 impact calculations on industry forecast
1.5. Data source
1.1.1. Primary
1.1.2. Secondary
1.1.2.1. Paid sources
1.1.2.2. Public sources
Chapter 2. Executive Summary
2.1. GRP piping market 360° synopsis, 2017 – 2027
2.1.1. Business trends
2.1.2. Resin by application trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. GRP Piping Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2017 – 2027
3.2.1. COVID-19 impact on industry landscape
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.1.1. COVID-19 impact on raw material supply, by region
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Value chain disruption analysis (COVID-19 impact)
3.3.7. Vendor matrix
3.3.7.1. List of key raw material suppliers
3.3.7.2. List of key manufacturers/distributor
3.3.7.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Production process
3.4.4. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Positive outlook from North America oil & gas sector
3.5.1.2. Multiple GRP piping projects in MEA
3.5.1.3. Superior properties of GRP pipes over conventional pipes
3.5.2. Industry pitfalls & challenges
3.5.2.1. Manufacturing waste issues
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. COVID-19 impact on pricing
3.8.2. Cost structure analysis
3.8.2.1. R&D cost
3.8.2.2. Manufacturing & equipment cost
3.8.2.3. Raw material cost
3.8.2.4. Distribution cost
3.8.2.5. Operating cost
3.8.2.6. Miscellaneous cost
3.8.3. Price by resin
3.8.4. Price by application
3.9. Competitive landscape, 2020
3.9.1. Company market share analysis, 2020
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
3.12. COVID-19 impact on GRP piping demand by application
3.12.1. Oil & Gas
3.12.2. Chemicals
3.12.3. Wastewater Treatment
3.12.4. Irrigation
3.12.5. Water Supply
Chapter 4. GRP Piping Market of Resin By Application
4.1. Global GRP piping market, resin insights
4.2. Epoxy
4.2.1. Market estimates and forecast of resin by application 2017 – 2027
· Oil & gas
· Chemicals
· Wastewater treatment
· Irrigation
· Water supply
· Others
4.2.2. Market estimates and forecast, by region, 2017 – 2027
4.3. Polyester
4.3.1. Market estimates and forecast of resin by application, 2017 – 2027
· Oil & gas
· Chemicals
· Wastewater treatment
· Irrigation
· Water supply
· Others
4.3.2. Market estimates and forecast, by region, 2017 – 2027
4.4. Vinyl ester
4.4.1. ` Market estimates and forecast of resin by application, 2017 – 2027
· Oil & gas
· Chemicals
· Wastewater treatment
· Irrigation
· Water supply
· Others
4.4.2. Market estimates and forecast by region, 2017 – 2027
4.5. Others
4.5.1. Market estimates and forecast of resin by application, 2017 – 2027
· Oil & gas
· Chemicals
· Wastewater treatment
· Irrigation
· Water supply
· Others
4.5.2. Market estimates and forecast by region, 2017 – 2027
Chapter 5. GRP Piping Market, By Application
5.1. GRP Piping market share, application insights
5.2. Oil & gas
5.2.1. Market estimates and forecast, 2017 – 2027
5.2.2. Market estimates and forecast, by region, 2017 – 2027
5.3. Chemicals
5.3.1. Market estimates and forecast, 2017 – 2027
5.3.2. Market estimates and forecast, by region, 2017 – 2027
5.4. Wastewater treatment
5.4.1. Market estimates and forecast, 2017 – 2027
5.4.2. Market estimates and forecast, by region, 2017 – 2027
5.5. Irrigation
5.5.1. Market estimates and forecast, 2017 – 2027
5.5.2. Market estimates and forecast, by region, 2017 – 2027
5.6. Water supply
5.6.1. Market estimates and forecast, 2017 – 2027
5.6.2. Market estimates and forecast, by region, 2017 – 2027
5.7. Other (pulp and paper, power generation, mining etc.)
5.7.1. Market estimates and forecast, 2017 – 2027
5.7.2. Market estimates and forecast, by region, 2017 – 2027
Chapter 6. GRP Piping Market, By Region
6.1. GRP piping market, regional insights
6.2. North America
6.2.1. North America market estimates and forecast, 2017 – 2027
6.2.2. North America market estimates and forecast of resin by application, 2017 – 2027
6.2.3. North America market estimates and forecast by application, 2017 – 2027
6.2.4. U.S.
6.2.4.1. U.S market estimates and forecast, 2017 – 2027
6.2.4.2. U.S. market estimates and forecast of resin by application, 2017 – 2027
6.2.4.3. U.S. market estimates and forecast by application, 2017 – 2027
6.2.5. Canada
6.2.5.1. Canada market estimates and forecast, 2017 – 2027
6.2.5.2. Canada market estimates and forecast of resin by application, 2017 – 2027
6.2.5.3. Canada market estimates and forecast by application, 2017 – 2027
6.3. Europe
6.3.1. Europe market estimates and forecast, 2017 – 2027
6.3.2. Europe market estimates and forecast of resin by application, 2017 – 2027
6.3.3. Europe market estimates and forecast by application, 2017 – 2027
6.3.4. Germany
6.3.4.1. Germany market estimates and forecast, 2017 – 2027
6.3.4.2. Germany market estimates and forecast of resin by application, 2017 – 2027
6.3.4.3. Germany market estimates and forecast by application, 2017 – 2027
6.3.5. UK
6.3.5.1. UK market estimates and forecast, 2017 – 2027
6.3.5.2. UK market estimates and forecast of resin by application, 2017 – 2027
6.3.5.3. UK market estimates and forecast by application, 2017 – 2027
6.3.6. France
6.3.6.1. France market estimates and forecast, 2017 – 2027
6.3.6.2. France market estimates and forecast of resin by application, 2017 – 2027
6.3.6.3. France market estimates and forecast by application, 2017 – 2027
6.3.7. Spain
6.3.7.1. Spain market estimates and forecast, 2017 – 2027
6.3.7.2. Spain market estimates and forecast of resin by application, 2017 – 2027
6.3.7.3. Spain market estimates and forecast by application, 2017 – 2027
6.3.8. Italy
6.3.8.1. Italy market estimates and forecast, 2017 – 2027
6.3.8.2. Italy market estimates and forecast of resin by application, 2017 – 2027
6.3.8.3. Italy market estimates and forecast by application, 2017 – 2027
6.3.9. Russia
6.3.9.1. Russia market estimates and forecast, 2017 – 2027
6.3.9.2. Russia market estimates and forecast of resin by application, 2017 – 2027
6.3.9.3. Russia market estimates and forecast by application, 2017 – 2027
6.3.10. Poland
6.3.10.1. Poland market estimates and forecast, 2017 – 2027
6.3.10.2. Poland market estimates and forecast of resin by application, 2017 – 2027
6.3.10.3. Poland market estimates and forecast by application, 2017 – 2027
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast, 2017 – 2027
6.4.1.1. Asia Pacific market estimates and forecast of resin by application, 2017 – 2027
6.4.1.2. Asia Pacific market estimates and forecast by application, 2017 – 2027
6.4.2. China
6.4.2.1. China market estimates and forecast, 2017 – 2027
6.4.2.2. China market estimates and forecast of resin by application, 2017 – 2027
6.4.2.3. China market estimates and forecast by application, 2017 – 2027
6.4.3. Japan
6.4.3.1. Japan market estimates and forecast, 2017 – 2027
6.4.3.2. Japan market estimates and forecast of resin by application, 2017 – 2027
6.4.3.3. Japan market estimates and forecast by application, 2017 – 2027
6.4.4. India
6.4.4.1. India market estimates and forecast, 2017 – 2027
6.4.4.2. India market estimates and forecast of resin by application, 2017 – 2027
6.4.4.3. India market estimates and forecast by application, 2017 – 2027
6.4.5. Australia
6.4.5.1. Australia market estimates and forecast, 2017 – 2027
6.4.5.2. Australia market estimates and forecast of resin by application, 2017 – 2027
6.4.5.3. Australia market estimates and forecast by application, 2017 – 2027
6.4.6. Indonesia
6.4.6.1. Indonesia market estimates and forecast, 2017 – 2027
6.4.6.2. Indonesia market estimates and forecast of resin by application, 2017 – 2027
6.4.6.3. Indonesia market estimates and forecast by application, 2017 – 2027
6.4.7. Thailand
6.4.7.1. Thailand market estimates and forecast, 2017 – 2027
6.4.7.2. Thailand market estimates and forecast of resin by application, 2017 – 2027
6.4.7.3. Thailand market estimates and forecast by application, 2017 – 2027
6.5. Latin America (LATAM)
6.5.1. LATAM market estimates and forecast, 2017 – 2027
6.5.2. LATAM market estimates and forecast of resin by application, 2017 – 2027
6.5.3. LATAM market estimates and forecast by application, 2017 – 2027
6.5.4. Brazil
6.5.4.1. Brazil market estimates and forecast, 2017 – 2027
6.5.4.2. Brazil market estimates and forecast of resin by application, 2017 – 2027
6.5.4.3. Brazil market estimates and forecast by application, 2017 – 2027
6.5.5. Mexico
6.5.5.1. Mexico market estimates and forecast, 2017 – 2027
6.5.5.2. Mexico market estimates and forecast of resin by application, 2017 – 2027
6.5.5.3. Mexico market estimates and forecast by application, 2017 – 2027
6.5.6. Colombia
6.5.6.1. Colombia market estimates and forecast, 2017 – 2027
6.5.6.2. Colombia market estimates and forecast of resin by application, 2017 – 2027
6.5.6.3. Colombia market estimates and forecast by application, 2017 – 2027
6.6. Middle East & Africa (MEA)
6.6.1. MEA market estimates and forecast, 2017 – 2027
6.6.2. MEA market estimates and forecast of resin by application, 2017 – 2027
6.6.3. MEA market estimates and forecast by application, 2017 – 2027
6.6.4. Saudi Arabia
6.6.4.1. Saudi Arabia market estimates and forecast, 2017 – 2027
6.6.4.2. Saudi Arabia market estimates and forecast of resin by application, 2017 – 2027
6.6.4.3. Saudi Arabia market estimates and forecast by application, 2017 – 2027
6.6.5. UAE
6.6.5.1. UAE market estimates and forecast, 2017 – 2027
6.6.5.2. UAE market estimates and forecast of resin by application, 2017 – 2027
6.6.5.3. UAE market estimates and forecast by application, 2017 – 2027
6.6.6. Turkey
6.6.6.1. Turkey market estimates and forecast, 2017 – 2027
6.6.6.2. Turkey market estimates and forecast of resin by application, 2017 – 2027
6.6.6.3. Turkey market estimates and forecast by application, 2017 – 2027
6.6.7. Egypt
6.6.7.1. Egypt market estimates and forecast, 2017 – 2027
6.6.7.2. Egypt market estimates and forecast of resin by application, 2017 – 2027
6.6.7.3. Egypt market estimates and forecast by application, 2017 – 2027
6.6.8. South Africa
6.6.8.1. South Africa market estimates and forecast, 2017 – 2027
6.6.8.2. South Africa market estimates and forecast of resin by application, 2017 – 2027
6.6.8.3. South Africa market estimates and forecast by application, 2017 – 2027
Chapter 7. Company Profiles
7.1. Veplas d.d.
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis
7.2. Enduro Composites Inc
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis
7.3. Harwal Group
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
7.3.5. SWOT analysis
7.4. Graphite India Limited
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. Strategic outlook
7.4.5. SWOT analysis
7.5. Saudi Arabian Amiantit Company (SAAC)
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. Strategic outlook
7.5.5. SWOT analysis
7.6. Sarplast SA
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. Strategic outlook
7.6.5. SWOT analysis
7.7. Composite Pipes Industry LLC (CPI)
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. Strategic outlook
7.7.5. SWOT analysis
7.8. HOBAS
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. Strategic outlook
7.8.5. SWOT analysis
7.9. Dubai Pipes Factory Co.
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. Strategic outlook
7.9.5. SWOT analysis
7.10. Fibrex
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. Strategic outlook
7.10.5. SWOT analysis
7.11. Future Pipe Industries
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5. SWOT analysis
7.12. Plasticon Composites
7.12.1. Business overview
7.12.2. Financial data
7.12.3. Product landscape
7.12.4. Strategic outlook
7.12.5. SWOT analysis
7.13. Smithline Reinforced Composites
7.13.1. Business overview
7.13.2. Financial data
7.13.3. Product landscape
7.13.4. Strategic outlook
7.13.5. SWOT analysis
7.14. China National Building Material Company (CNBM)
7.14.1. Business overview
7.14.2. Financial data