[160 Pages] FRP/GRP/GRE Pipe Market report categorizes the global market by Application ( Irrigation, Sewage Pipe, Oil & Gas, and Others), by Fiber Type (Carbon Fiber, Glass Fiber), by Type of Resin (Epoxy, Polyurethane, Polyster, Others) & by Geography.
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FRP - GRP - GRE Pipe Market worth $4 Billion by 2020
81 data tables
160 pagesand in-depth TOC on “FRP/GRP/GRE Pipe Market”
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Increase in demand of FRP from oil & gas, water & wastewater sewage, chemical, and offshore industries
A FRP pipe which shows superior mechanical properties like superior anti-corrosion properties, low conductivity, and longer lifecycles are most preferred choice for use in oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry. FRP pipes are currently being used in a number of fields and continuously replacing conventional PVC and metal pipes.
In 2014, the industrial applications dominated the overall FRP pipe market size. Oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, and offshore industry are expected to drive the market in the next five years.
The market for FRP pipe in terms of value is expected to reach approximately $4 billion by 2020, growing at a significant CAGR from 2014 to 2019. The Asia-Pacific region dominated the FRP Pipe market in terms of values in 2014 and it is expected to grow at a higher CAGR, from 2015 to 2020. Rapid industrialization and urbanization has led to increase in demand of FRP pipe from oil & gas, retail fuel, water & wastewater sewage, pulp & paper, chemical, marine and offshore industry in Asia-Pacific region.
North America & Asia-Pacific accounted for more than 65% share in the FRP Pipe market in terms of value in 2014
Asia-Pacific is the prime consumer of FRP Pipe globally followed by North America. North America and Asia-Pacific together accounted for more than 65% of the FRP in terms of value in 2014.
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