Global Fiber Reinforced Plastic Pipe Market
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- Published date: February 15, 2021
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- Pune, Pune, Maharashtra, India
Global Fiber Reinforced Plastic Pipe Market was valued at US$ 2.1 Bn in 2019 and is expected to reach US$ 3.52 Bn by 2026, at a CAGR of 6.67% during a forecast period. TChemical is the largest application category in the FRP pipe market, with an expected contribution of more than 40.0% in 2017. Due to withstand high temperatures and are corrosion resistant are required. Fiber-reinforced plastic pipes have a higher strength to weight ratio. Epoxy is estimated to the largest material in the fiber-reinforced plastic pipe market, owing to the epoxy being very environmentally as compared to other materials. Most of the industries are now accepting this process. The Asia Pacific is the largest as well as the fastest-growing market in the fiber-reinforced plastic pipe market owing to the rise in construction, and oil & gas activities in the region. A growing focus of government to improve sewage treatment facilities in the Asia Pacific is also driving the growth of the market. The rise in construction activities in the previous few years and people have been resorting to the use of fiber-reinforced pipes for their better thermal resistant power is leading to the second-highest revenue share in the FRP pipe market in Europe. Some of the major players operating in the fiber-reinforced plastic pipe market are Enduro Composites, Inc., Ershigs, Inc. (Denali incorporated), Fibrex FRP piping systems, National Oilwell Varco, Inc., Sarplast SA, Saudi Arabian Amiantit Company, Sekisui Chemical Co., ltd 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. The report covers a comprehensive study of major market drivers, restraints, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
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