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North America GRP Piping Market

North America GRP Piping Market

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North America GRP Piping Market

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  1. North America GRP Piping Market Revenue to Exceed USD 1.9 Billion by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. According to a recent study from market research firm Graphical Research, the North America GRP piping market size is poised to expand at substantial CAGR during the forecast period. Triggered by the growing investments toward wastewater management, alongside the increased production of shale gas, North America GRP piping market outlook is poised for distinguished growth through the next decade. Thanks to the superior characteristics of GRP piping including high strength, durability, adhesion, chemical resistance, low maintenance, the demand from the oil & gas sector has been spiraling upward. With these factors paving the way for considerable expansion, by 2027, North American GRP piping industry size is anticipated to be more than $1.9 billion. These pipes are gaining traction across multiple arenas such as agricultural processing, wastewater, drinking water, industrial water, and chemical processing. As new potential uses of these pipes in construction are being recognized, North America GRP piping market forecast is certain to advance with the leading manufacturers focusing on cost-effective products. The construction sector has been exhibiting a stable growth rate in terms of revenue generation, owing to the trending use of these pipes across green building projects. GRP pipes are rapidly substituting metal pipes as they are significantly more sustainable in terms of manufacturing, transportation, and installation. The smaller carbon footprint of GRP material, coupled with the use of pipe jacking installation method, renders them an eco-friendly solution with an extraordinarily long service life. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “North America GRP Piping Market” along with the table of contents (ToC) @https://bit.ly/3cjkwah Get sample copy of this research report @ https://www.graphicalresearch.com/request/1750/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. The robust penetration of urbanization across the continent is also fueling North America GRP piping industry forecast. The growing volume of demand for environmentally compliant homes from the urban population has been supporting the market. In Canada, more individuals have been migrating to Montreal, Toronto, and Vancouver. More importantly, as North America is considered as the most urbanized continent in the world, the demand for urban infrastructure is set to be a prominent growth driver of North America GRP piping industry. The vinyl ester resin based piping is expected to demonstrate a stable increase in usage, its market growing at nearly 4.1% CAGR through the coming years. The beneficial properties of the resin, such as its ability to withstand harsh environmental conditions, high temperature resistance, and superior resistance to UV radiation, have been fostering demand for FRP piping. The oil & gas industry is expected to account for over 38% of the overall North America GRP piping market share by 2027. This is attributable to the growing number of hydrocarbon exploration activities as well as the upsurge in oil & gas and LNG production in the region. The increased need for LNG as a vehicle fuel is likely to translate to an augmented deployment of GRP pipes. Some leading GRP piping manufacturers for North America include Hanwei Energy Services Corp., Karon Engineering Ltd, HOBAS, Enduro Composites, Inc., Harwal Group, Industrial Plastic Systems, Future Pipe Industries, and FIBREX. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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