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Global Glass Reinforced Plastic Pipe Market By Type (Polyester-based GRP Pipes, Epoxy-based GRP Pipes, Vinyl Ester-based GRP Pipes), By Application (Oil and Gas, Water and Wastewater, Chemical Processing, Power Generation, Desalination, Construction, Mining, Industrial Applications), By Diameter (Sm


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Glass Reinforced Plastic Pipe Market By Type (Polyester-based GRP Pipes, Epoxy-based GRP Pipes, Vinyl Ester-based GRP Pipes), By Application (Oil and Gas, Water and Wastewater, Chemical Processing, Power Generation, Desalination, Construction, Mining, Industrial Applications), By Diameter (Sm

Glass Reinforced Plastic Pipe Market Size And Forecast

Glass Reinforced Plastic Pipe Market size was valued at USD 6.38 Billion in 2024 and is projected to reach USD 8.85 Billion by 2031, growing at a CAGR of 4.60% from 2024 to 2031.

  • Glass Reinforced Plastic (GRP) pipes are composite pipes comprised of glass fibers inserted in a resin matrix, which provide excellent strength, corrosion resistance, and lightweight qualities.
  • They are widely utilized in applications such as water and wastewater management, oil and gas, chemical processing, power generation, and industrial operations because of their long life and low maintenance requirements.
  • The future of GRP pipes appears positive, with rising demand driven by infrastructure expansion, industrialization, and the need for efficient and sustainable piping solutions. Advances in production techniques and materials are predicted to improve the performance and cost-effectiveness of GRP pipes, resulting in increased acceptance in a variety of industries.

Global Glass Reinforced Plastic Pipe Market Dynamics

The key market dynamics that are shaping the global glass reinforced plastic pipe market include

Key Market Drivers

  • Corrosion Resistance and Durability GRP pipes have higher corrosion resistance compared to typical metal pipes, making them suitable for severe situations like chemical processing and wastewater treatment. Their long lifespan and low maintenance needs add to their appeal, resulting in greater adoption across a variety of industries.
  • Infrastructure Development Infrastructure development, especially in emerging nations, is a key factor driving the GRP pipe market. The requirement for efficient water and wastewater management systems, oil and gas pipelines, and industrial infrastructure drives up demand for long-lasting and dependable piping solutions such as GRP pipes.
  • Technological AdvancementsTechnological advancements in production techniques and materials have enhanced the performance, cost-effectiveness, and application range of GRP pipes. Advances in resin formulas and fabrication technologies have resulted in pipes with increased strength, chemical resistance, and durability, fueling market expansion.
  • Environmental and Regulatory Pressures Environmental and regulatory pressures are driving industry to embrace sustainable alternatives to standard piping materials. GRP pipes, which are lightweight, recyclable, and have a smaller carbon impact, are becoming a popular alternative, fueling market expansion.

Key Challenges

  • High Initial Costs GRP pipes can be more expensive to manufacture and install than typical pipeline materials such as steel or PVC. Despite the long-term benefits of GRP pipes, some potential customers may be put off, particularly in cost-sensitive projects or locations.
  • Complex Manufacturing ProcessManufacturing GRP pipes is a difficult process that requires specialized equipment and expert staff. This complexity might result in lengthier lead times and significant supply chain challenges, affecting the availability and cost of GRP pipes on the market.
  • Limited Awareness and Acceptance Some regions and sectors still have low awareness and acceptance of GRP pipes. Traditional materials are frequently picked due to their familiarity and established use patterns. Overcoming this reluctance will necessitate considerable educational and marketing initiatives to emphasize the benefits and advantages of GRP pipes.
  • Sensitivity to UV ExposureGRP pipes can disintegrate when exposed to UV radiation for extended durations. This demands additional protective coatings or installations in areas protected from direct sunlight, increasing the overall cost and maintenance requirements. This sensitivity may limit the usage of GRP pipes in specific outdoor applications.

Key Trends

  • Adoption of Single-Use Systems in Biopharmaceuticals The biopharmaceutical industry’s increased embrace of single-use technology is driving up demand for GRP pipes. These pipes are critical for designing lightweight, corrosion-resistant systems that reduce contamination hazards and increase biopharmaceutical manufacturing efficiency.
  • Rising Demand in Water and Wastewater ManagementGRP pipes are becoming increasingly used for water and wastewater management due to their durability and corrosion resistance. Municipalities and companies are investing in GRP pipe systems to improve infrastructure, lower maintenance costs, and assure a consistent water supply and wastewater treatment.
  • Technological Advancements and InnovationsContinuous improvements in GRP pipe manufacturing technologies are producing products with better performance features. Better resin formulas, advanced fiber reinforcing techniques, and automated manufacturing processes are resulting in stronger, more durable, and cost-effective GRP pipes.
  • Sustainability and Environmental ConcernsAs environmental consciousness grows, there is a shift toward using materials that have a lesser environmental impact. GRP pipes, being lightweight and recyclable, provide a more environmentally friendly alternative to older pipeline materials. This tendency is encouraging their adoption across industries, particularly in areas with strict environmental requirements.

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Global Glass Reinforced Plastic Pipe Market Regional Analysis

Here is a more detailed regional analysis of the global glass reinforced plastic pipe market

North America

  • North America’s Glass Reinforced Plastic (GRP) Pipe market is driven by infrastructure renewal and upgrading, particularly in the United States and Canada, which has aging water and wastewater infrastructure that requires upgrades. These pipes are increasingly chosen for these projects due to their corrosion resistance, durability, and long service life.
  • Regulatory compliance is another driving factor, as GRP pipes help utilities comply with standards for drinking water and wastewater treatment. Industrial applications include chemical and industrial waste management, oil and gas, and corrosion resistance in the oil and gas industry. Technological advancements in GRP pipe manufacturing include improvements in resin formulas, fiber reinforcements, and manufacturing processes.
  • The need for customization and flexibility in North America is demanding for customized GRP pipe solutions. GRP pipes are preferred for environmental projects due to their non-toxic materials and production processes, which reduce transportation emissions and minimize the need for frequent replacements. They are also used in stormwater management systems to prevent flooding and manage runoff in an environmentally friendly manner.
  • The future of the GRP pipe market in North America looks promising, driven by continued investments in infrastructure, industrial maintenance, and the push towards sustainable construction materials. Innovations aimed at enhancing performance and reducing costs are likely to solidify their position in the market.

Asia Pacific

  • The Asia Pacific region is the clear leader in terms of growth in the glass reinforced plastic pipe (GRP) market. This dominance is driven by a variety of variables.
  • The area already has the greatest market share, accounting for more than 44% of worldwide sales in 2022. Also, nations such as India are experiencing a surge in infrastructure development, resulting in a significant demand for GRP pipes due to its features such as corrosion resistance and lightweight design.
  • Furthermore, government policies that favor these pipes, as well as the availability of trained labor at cheap rates, make Asia Pacific an appealing destination for GRP pipe producers, propelling the market forward.

Global Glass Reinforced Plastic Pipe Market Segmentation Analysis

The Global Glass Reinforced Plastic Pipe Market is segmented on the basis of Type, Application, Diameter, and Geography.

Glass Reinforced Plastic Pipe Market, By Type

  • Polyester-Based GRP Pipes
  • Epoxy-Based GRP Pipes
  • Vinyl Ester-Based GRP Pipes

Based on Type, the Global Glass Reinforced Plastic Pipe Market is segmented into Polyester-based GRP Pipes, Epoxy-based GRP Pipes, and Vinyl Ester-based GRP Pipes. Polyester-based GRP pipes are widely used due to their low cost and versatility in a variety of applications such as water distribution, wastewater management, and industrial operations. Vinyl ester-based GRP pipes are rapidly expanding, because to their exceptional chemical resistance and longevity, particularly in corrosive situations like chemical processing plants and desalination facilities.

Glass Reinforced Plastic Pipe Market, By Application

  • Oil and Gas
  • Water and Wastewater
  • Chemical Processing
  • Power Generation
  • Desalination, Construction
  • Mining
  • Industrial Applications

Based on Application, the Global Glass Reinforced Plastic Pipe Market is segmented into Oil and Gas, Water and Wastewater, Chemical Processing, Power Generation, Desalination, Construction, Mining, and Industrial Applications. The water and wastewater segment dominates owing to the growing demand for corrosion-resistant and long-lasting piping solutions in municipal and industrial water treatment facilities. The oil and gas sector is expanding rapidly, driven by increased exploration and production activities in difficult settings where GRP pipes provide advantages like as corrosion resistance and high strength-to-weight ratio.

Glass Reinforced Plastic Pipe Market, By Diameter

  • Small Diameter GRP Pipes
  • Medium Diameter GRP Pipes
  • Large Diameter GRP Pipes

Based on Diameter, the Global Glass Reinforced Plastic Pipe Market is segmented into Small Diameter GRP Pipes, Medium Diameter GRP Pipes, and Large Diameter GRP Pipes. Medium diameter GRP pipes are popular because they are widely used in industrial applications and water distribution systems. Small diameter GRP pipes are rapidly expanding, driven by their increasing use in residential and small-scale industrial projects requiring corrosion resistance and durability.

Glass Reinforced Plastic Pipe Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on the Geography, the Global Glass Reinforced Plastic Pipe Market are classified into North America, Europe, Asia Pacific, and Rest of the World. North America currently dominates the worldwide glass reinforced plastic pipe market, owing to considerable infrastructure development and rigorous environmental regulations that favor corrosion-resistant materials. Meanwhile, the Asia Pacific area is witnessing the highest development, owing to growing industrialization, urbanization, and expenditures in water and wastewater infrastructure.

Key Players

The “Global Glass Reinforced Plastic Pipe Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are VeplasEnduro Composites, Harwal Group, Graphite India, Saudi Arabian Amiantit, Sarplast, Composite Pipes Industry, HOBAS, Dubai Pipes Factory, Fibrex, Future Pipe Industries.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Glass Reinforced Plastic Pipe Market Recent Developments

  • In April 2021, Fiber Glass System (FGS) has launched an initiative to add a line of high-pressure fiber-reinforced epoxy containers with diameters of up to 60 inches (1.5 meters) to its product lines. FGS Plymouth and FGS Malaysia joined forces to certify both UK and Malaysian manufacturing facilities for the production of Class I ASME Boiler and Pressure Vessel Code (BPVC).X certified and code-stamped pressure vessels.
  • In January 2024, Toray developed an innovative recycling procedure for glass-fiber-reinforced resin waste. Toray Industries, Inc. announced that its marketing and sales affiliate, Toray Resins Europe GmbH (TREU), has developed a recycling technique for glass-fiber-reinforced polyphenylene sulfide (PPS) resin waste generated during injection molding processes.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

VeplasEnduro Composites, Harwal Group, Graphite India, Saudi Arabian Amiantit, Sarplast, Composite Pipes Industry, HOBAS, Dubai Pipes Factory, Fibrex, Future Pipe Industries.

SEGMENTS COVERED

By Type, By Application, By Diameter, and By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst supp

Table of Content

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