Market Overview:
The global fiber reinforced plastic pipes market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fiber reinforced plastic pipes from various end-use industries, such as oil & gas, irrigation, and industries. In addition, the growing awareness about the benefits of using fiber reinforced plastic pipes is also contributing to the growth of this market. The glass reinforced polyester segment is expected to dominate the global fiber reinforced plastic pipes market during the forecast period from 2018 to 2030. This segment accounted for a major share of the global fiber reinforced plastic pipes market in 2017 and is projected to grow at a high CAGR during the forecast period. The glass reinforcement imparts superior mechanical properties and chemical resistance compared with other types of reinforcements used in manufacturing these pipes, such as vinyl ester or epoxy resins. In terms of application, oil & gas was one of key segments that contributed significantly towards revenue generated by Fiber Reinforced Plastic Pipe (FRP) manufacturers across different regions in 2017; it will continue its dominance over other applications throughout 2030 owing continuous replacement/upgrade initiatives undertaken by pipeline operators globally for aging infrastructure subjected corrosion issues .
Product Definition:
Fiber reinforced plastic pipes are made of a polymer matrix and fiber reinforcement. The fiber can be glass, carbon, or aramid. The main benefit of fiber reinforced plastic pipes is that they have a very high strength-to-weight ratio. This means they can carry more weight than traditional metal pipes while using less material. This makes them more environmentally friendly and cost effective.
Glass Reinforced Polyester:
Glass reinforced polyester is a resin that contains glass fibers which are reinforcing agents. Glass fiber is added to the polymer matrix and it helps in increasing the strength of the material by adding stiffness, tensile strength, and impact resistance. The product has applications in various industries such as automotive & transportation, marine, wind energy among others. Growth of these end-use industries coupled with favorable government regulations across regions will drive FRP pipes market demand over the forecast period.
Glass Reinforced Epoxy:
Glass reinforced epoxy (GREE) is a resin that contains reinforcing agents, such as glass fibers or microspheres, which are dispersed in a matrix of resin. The product is used to manufacture fiber-reinforced plastic pipes and tubes for various end-use applications.
Application Insights:
The oil & gas application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of oil & gas across various regions, including Middle East and Africa, North America, and Asia Pacific. Moreover, favorable government policies for promoting investments in the energy sector are expected to drive industry expansion over the coming years.
The irrigation application segment is anticipated to witness significant growth during the forecast period owing to rising demand for efficient water management systems that can provide water throughout summer months in dry areas where precipitation is rare or irregularly occurs. Furthermore, development of advanced irrigation techniques that require lightweight materials with high strength Reinforced Plastic (RPM) properties will further boost product demand during this timeframe.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the development of oil & gas, construction, and other industries in countries such as U.S., Canada, and Mexico. Moreover, increasing government funding for research & development activities is also expected to drive the product demand over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regional markets from 2018 to 2030 owing to rapid industrialization along with supportive government policies in China and India that are encouraging FDI flow for manufacturing facilities within their respective countries thereby driving overall industry expansion across various applications at a significant rate over next eight years or so.
The Middle East region has huge potential for energy infrastructure investment opportunities which will drive demand across various sectors including oil & gas, water management etc.
Growth Factors:
- Increasing demand for fiber reinforced plastic pipes from the oil and gas industry as a result of the growth in exploration and production activities
- Rising demand for fiber reinforced plastic pipes from municipal water and wastewater treatment applications, owing to the increasing need to treat wastewater effluents before discharge into water bodies
- Growing use of fiber reinforced plastic pipes in plumbing systems due to their superior properties such as high strength-to-weight ratio, corrosion resistance, and leak-free performance
- Proliferation of smart infrastructure projects that require deployment of advanced piping systems made from fiber reinforced plastics
- Technological advancements that have led to development of new types of fiber reinforced plastic pipes with enhanced properties such as greater strength and stiffness
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Reinforced Plastic Pipes Market Research Report
By Type
Glass Reinforced Polyester, Glass Reinforced Epoxy, Glass Reinforced Vinyl
By Application
Oil & Gas, Irrigation, Industries, Others
By Companies
ZCL Composites, Amiantit, Graphite India Ltd., Kemrock Industries Ltd., Future Pipe, FRP System Ltd., HOBAS, Hengroup Ltd., EPP composites, Kolon Industries, Inc., ZCL Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Reinforced Plastic Pipes Market Report Segments:
The global Fiber Reinforced Plastic Pipes market is segmented on the basis of:
Types
Glass Reinforced Polyester, Glass Reinforced Epoxy, Glass Reinforced Vinyl
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Irrigation, Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZCL Composites
- Amiantit
- Graphite India Ltd.
- Kemrock Industries Ltd.
- Future Pipe
- FRP System Ltd.
- HOBAS
- Hengroup Ltd.
- EPP composites
- Kolon Industries, Inc.
- ZCL Composites
Highlights of The Fiber Reinforced Plastic Pipes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Reinforced Polyester
- Glass Reinforced Epoxy
- Glass Reinforced Vinyl
- By Application:
- Oil & Gas
- Irrigation
- Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Reinforced Plastic Pipes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiber Reinforced Plastic Pipes are made from a type of plastic that is reinforced with fiberglass. This makes the pipe much stronger and more durable than regular plastic pipes.
Some of the major companies in the fiber reinforced plastic pipes market are ZCL Composites, Amiantit, Graphite India Ltd., Kemrock Industries Ltd., Future Pipe, FRP System Ltd., HOBAS, Hengroup Ltd., EPP composites, Kolon Industries, Inc., ZCL Composites.
The fiber reinforced plastic pipes market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fiber Reinforced Plastic Pipes Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Fiber Reinforced Plastic Pipes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Fiber Reinforced Plastic Pipes Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Fiber Reinforced Plastic Pipes Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Fiber Reinforced Plastic Pipes Market Size & Forecast, 2020-2028 4.5.1 Fiber Reinforced Plastic Pipes Market Size and Y-o-Y Growth 4.5.2 Fiber Reinforced Plastic Pipes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass Reinforced Polyester
5.2.2 Glass Reinforced Epoxy
5.2.3 Glass Reinforced Vinyl
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Irrigation
6.2.3 Industries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fiber Reinforced Plastic Pipes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fiber Reinforced Plastic Pipes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass Reinforced Polyester
9.6.2 Glass Reinforced Epoxy
9.6.3 Glass Reinforced Vinyl
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Irrigation
9.10.3 Industries
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass Reinforced Polyester
10.6.2 Glass Reinforced Epoxy
10.6.3 Glass Reinforced Vinyl
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Irrigation
10.10.3 Industries
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass Reinforced Polyester
11.6.2 Glass Reinforced Epoxy
11.6.3 Glass Reinforced Vinyl
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Irrigation
11.10.3 Industries
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass Reinforced Polyester
12.6.2 Glass Reinforced Epoxy
12.6.3 Glass Reinforced Vinyl
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Irrigation
12.10.3 Industries
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass Reinforced Polyester
13.6.2 Glass Reinforced Epoxy
13.6.3 Glass Reinforced Vinyl
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Irrigation
13.10.3 Industries
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fiber Reinforced Plastic Pipes Market: Competitive Dashboard
14.2 Global Fiber Reinforced Plastic Pipes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZCL Composites
14.3.2 Amiantit
14.3.3 Graphite India Ltd.
14.3.4 Kemrock Industries Ltd.
14.3.5 Future Pipe
14.3.6 FRP System Ltd.
14.3.7 HOBAS
14.3.8 Hengroup Ltd.
14.3.9 EPP composites
14.3.10 Kolon Industries, Inc.
14.3.11 ZCL Composites