The Global market of Fibre Reinforced Plastic Pipe (FRP) is projected to display a growth represented by a CAGR of 3% during 2016–2021

Date: 4 May 2017

Over the recent years, the global Fibre Reinforced Plastic pipes becomes the best alternative for large and small diameter pipe whose application is gaining growth in diversified industries such as Oil & Gas, Industries, Water/ Waste Water , Irrigation etc. Though the weak global economic conditions has impacted the growth of Fibre Reinforced Plastic Pipe industry in past few years but the rebound growth in U.S and emerging economies.

According to Azoth Analytics research report, “GlobalFibre Reinforced Plastic Pipe (FRP) Pipe Market: Analysis By Products (GRP,GRE, GRV), By Application, By Region, By Country: Opportunities andForecast(2011-2021)", global market is projected to display a growth represented by a CAGR of 3% during 2016–2021, chiefly driven by expanding emerging Regions like APAC and support by United States and Middle East Region. These are the major drivers as per the current market dynamics. Also, such demand is backed by increasing industrialization and government awareness towards water and waste water treatment. The superior mechanical and anti-corrosion properties, low conductivity, and longer lifecycles make FRP pipes a natural choice both for various applications. The Asia Pacific and North America FRP pipe markets are expected to grow at a CAGR of 4.7% and 2.4% respectively during 2016-2021.

From 2018 it is speculated that Asia-Pacific will be the largest consumer of FRP pipes surpasses North America and it will continue to drive the market. The major drivers of Asia-Pacific FRP pipe industry are growing investment towards urban infrastructure development, establishment and upgrade of airports, capacity expansion in petrochemical plants, and establishment of power plants. Increasing demand from replacement of existing metal pipe in oil and gas exploration activities to get rid of corrosion problems also drive the FRP pipe market Asia-Pacific region. Among all the countries in this region, China and India are important consumers of FRP pipe. China held the largest share in the regional consumption in terms of volume in 2016. 

Almost 90% of the total FRP pipe demand in 2016 was from oil & gas, retail fuel, water & wastewater sewage and  industries. This was due to their physical and mechanical properties such as superior anti-corrosion properties, low conductivity, and longer lifecycles of FRP pipes. A major application industry that uses FRP pipes is Oil & Gas which contributes major market share.

Asia-Pacific and North American regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands, respectively. The superior end-user industry growth, amplified local manufacturing, and increased number of domestic players in vertical market segments, such as industrial applications in the Asia-Pacific region can be the important drivers in terms of consumption of the FRP pipes.

The report titled, “GlobalFibre Reinforced Plastic Pipe (FRP) Pipe Market: Analysis By Products (GRP,GRE, GRV), By Application, By Region, By Country: Opportunities andForecast(2011-2021)", has covered and analysed the potential of Global Fibre Reinforced Plastic Pipe Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Fibre Reinforced Plastic Pipe market. Additionally, the report also highlights market entry strategies for various companies across the globe.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Antibody Drug Conjugates Market on the basis of Analysis By Product (Glass Reinforced polyester-GRP, Glass Reinforced Epoxy-GRE and Glass Reinforced Vinyl-GRV) , By Application (Oil & Gas, Irrigation, Industries, Water/waste water, Others), By Region (North America, Europe, APAC and ROW) and By Country (U.S, Canada, U.K, Germany, Japan, China, India, ROW).




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