Global fiber reinforced plastic pipe market is expected to reach $3.8 billion by 2023. The growth of the FRP pipe market is mainly driven by the changing preference of consumers from iron pipes to FRP pipes, increase in demand for cost-effective piping solutions, and growing demand for these pipes from the oil and gas industry.
FRP is a composite material which is made of polymer matrix and is reinforced with different fibers like glass, carbon, and basalt. These fibers are used in various industries like aerospace, construction, and automotive.
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On the basis of type, the market is categorized into polyester, polyurethane, epoxy, and others. Epoxy is the largest category in the FRP pipe market, due to these pipes being very environment friendly as compared to other materials.
On the basis of application, the market is classified into water and wastewater, chemical and industrial, oil and gas, power generation, and others. Chemical and industrial is has been the largest application category in the FRP pipe market, with an estimated contribution of more than 40.0% in 2017.
Globally, Asia-Pacific has been the largest FRP pipe market till now. This is attributed to the increase in construction, and oil and gas activities in the region. Additionally, increasing focus of government to improve sewage treatment facilities in the region is also driving the market growth.
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Some of the major players operating in the FRP pipe industry are Saudi Arabian Amiantit Company, Chemical Process Piping Pvt. Ltd., China National Building Material Company Limited, Ershigs Inc., Future Pipes Industries L.L.C., Hengrun Group Co. Ltd., HOBAS, National Oilwell Varco Inc., and Sekisui Chemical Co. Ltd., Sarplast SA.
Global FRP Pipe Market Segmentation
By Type
- Polyester
- Polyurethane
- Epoxy
- Others
By Process
- Centrifugal Casting
- Filament Winding
- Pultrusion
- Others
By Application
- Water and Wastewater
- Chemical and Industrial
- Oil and Gas
- Power Generation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America, Middle East, and Africa (LAMEA)
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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