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Emerging demand from oil & gas, water & wastewater sewage, and chemical industries is the reason behind FRP pipe market growth
A FRP pipes which show 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 pipe.
Oil & gas, retail fuel, water & wastewater sewage, pulp & paper, and chemical are the major end-user industry of FRP pipes due to their lifecycle use in extreme environment. In 2014, Asia-Pacific was the largest market for FRP pipe in terms of value. Asia-Pacific and Europe, together accounted over 65% of the FRP pipe market value in the same year. The FRP pipe market in these regions is expected to increase aggressively in the next five years.
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.
FRP/GRP/GRE Pipe Market by Type of Resin ( Polyster, Polyurethane, Epoxy, Others), by Fiber Type ( Glass Fiber, Carbon Fiber), by Application ( Oil And Gas, Sewage Pipe, Irrigation And Others) and by Region - Global Trend and Forecasts to 2020
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