GRP Pipes Market To Hit Value $2.1 Billion By 2025 |Grand View Research, Inc.


The global GRP pipes market size is expected to reach USD 2.1 billion by 2025, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Glass fiber reinforced plastic (GRP) pipes are lightweight, durable, and offer superior corrosion resistance and strength, which makes them suitable for use in water and wastewater transport applications.
Increasing stringent regulations on wastewater collection and treatment are likely to propel the demand for GRP pipes. These are easy to install as compared to their metal counterparts on account of their flexible nature. GRP pipes include lesser joints and can be laid over longer distances, owing to which they are usually preferred for long-distance water transportation.
The industry is highly competitive with a low number of manufacturers competing on the basis of product quality and distribution network. Increasing efforts by manufacturers toward quality enhancement and new product development are likely to trigger the demand for GRP pipes across various application industries. Strategies such as diversified portfolio, brand reputation, and enhanced product quality are considered to be the key success factors in the market.
Amiblu Group; Saudi Arabian Amiantit Co.; Abu Dhabi Pipe Factory; Hengrun Group Co., Ltd.; and Graphite India Limited are the key players in the industry. Major players are expected to invest in strategies such as joint ventures, mergers & acquisitions, and long-term contracts with users to gain a competitive advantage and sustain in the competitive market.
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https://www.grandviewresearch.com/industry-analysis/grp-pipes-market/request/rs4
Developing countries are witnessing an increase in stringent regulations on residential wastewater collection and treatment, which are expected to open new avenues for the growth of GRP pipes industry. Furthermore, mandates by the governments across developed economies to install water treatment facilities in industrial units are likely to boost the demand for GRP pipes in industrial applications. These are also suitable for the transportation of a variety of chemicals owing to their inert nature.
Further key findings from the report suggest:
  • In India, the demand for GRP pipes in irrigation application is expected to witness a growth rate of 6.1% over the forecast period owing to increasing efforts by the Indian government to offer consistent water supply to agricultural lands
  • Sewage treatment segment was the second-largest application segment in 2018 and accounted for 27.0% of the overall glass fiber reinforced plastic pipe market share owing to high durability and suitability for carrying wastewater over long distances
  • Asia Pacific is expected to witness the fastest growth rate over the projected period owing to the rapid growth of wastewater treatment and chemical manufacturing industries in China and India
  • Europe was the second-largest regional market for GRP pipes in 2018 owing to well-established water supply infrastructure and wastewater treatment facilities across the European countries
  • A large number of fiberglass pipe manufacturers are expanding their operations to provide technical services, pipe installation, and O&M activities, which, in turn, is likely to support product penetration in the market.
Furthermore, GRP pipes are suitable for use in desalination and hydropower plant. Increasing investments in the industrial sector to cater to the demand from end users are expected to propel the demand for GRP pipes and, in turn, the market growth over the projected period. Key industry players are engaged in R&D to devise enhanced anti-corrosion pipes with an ability to sustain high temperatures and pressures, which is likely to increase the product scope in O&G application. A diversified portfolio, brand reputation, and enhanced product quality were observed to be the key success factors for leading glass fiber reinforced plastic pipe market players such as Amiblu Group.
The U.S. has emerged as one of the largest markets for GRP pipes in North America owing to high investments by the government in water treatment and potable water supply industry. Increasing shale gas exploration activities in the country, which demand durable piping solutions, are likely to have a positive impact on the growth of GRP pipes market over the projected period. Manufacturers tend to offer standard product lines as the costs associated with fabrication and the engineering involved in custom product manufacturing are very high. However, they also provide custom GRP pipes for specific application industries, which are usually manufactured based on the requirements presented by end users.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-grp-pipe-market
Grand View Research has segmented the global GRP pipe market on the basis of application:
GRP Pipe Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Oil & Gas
  • Chemicals
  • Sewage
  • Irrigation
  • Others
GRP pipes are widely used in sewage treatment facilities on account of their ability to resist corrosion caused by toxic chemicals during the treatment. Increasing government mandates on industrial effluent collection, processing, and recycling are expected to propel the demand for the product over the projected period.
Irrigation application segment accounted for the largest market share in 2018 and is anticipated to grow at a CAGR of 4.1% over the forecast period. Growth of the agricultural sector to support the rising demand for food is expected to propel the demand for well-established water infrastructure, which, in turn, is likely to positively impact the glass fiber reinforced plastic pipes market growth.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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