The Global FRP Pipe Market is Expected to Reach $4.2 Billion by 2023

DALLAS, August 17, 2018 (Newswire.com) -  According to a new market report published by Lucintel, the future of the global FRP pipe market is positive with opportunities in oil and gas, water & wastewater, chemical & industrial, retail fuel, pulp & paper, and sewage end-use applications.  The global FRP pipe market is expected to reach an estimated $4.2 billion by 2023 and is forecast to grow at a CAGR of 3.1% from 2018 to 2023. The major growth drivers for this market increase in construction of water supply and sewage treatment systems, increasing the need for rehabilitation of the major water and wastewater infrastructure, and growing oil and gas exploration activities.

Browse 171 market data Tables and 198 Figures spread through 305 Pages and in-depth TOC on “Global FRP Pipe Market 2018-2023" https://www.lucintel.com/frp-pipe-market.aspx

In this market, epoxy, polyester, and vinyl ester are the major resin types used for the manufacture of FRP pipes. Lucintel forecasts that the epoxy resin based FRP pipe is expected to remain the largest market by value and volume and polyester resin based FRP pipe will experience the highest growth over the forecast period.

Within this market, chemical and industrial will remain the largest application by value and volume due to increase in demand for high temperatures and corrosion resistant FRP pipe. Lucintel predicts that the demand for sewage application is likely to experience the highest growth in the forecast period due to increasing residential and commercial construction.

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By diameter type, FRP pipe is available in small (<18”), medium (18”-60”), and large (>60”) diameters. Small diameter FRP pipe is expected to remain the largest market by value and volume.

By pressure rating, FRP pipe is segmented into less than 150 psi (pounds per square inch.), 150 to 300 psi, and more than 300 psi. FRP pipes with pressure ratings of less than 150 psi are expected to remain the largest segment by value and volume.

Asia Pacific is expected to remain the largest market due to growth in construction and infrastructure development. North America is expected to witness the highest growth over the forecast period due to growing investment for the replacement of old and dilapidated pipelines.

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of onsite FRP pipe manufacturing facilities and development of the grooved coupling method to join FRP pipe. Future Pipe Industries, National Oilwell Varco, Amaintit, Amiblu, and Hengrun are among the major suppliers of the FRP pipe market.

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The study includes market trends and forecasts for the global FRP pipe market segmented by application, diameter, pressure rating, resin, manufacturing process and region as follows:

By Application (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         Oil and Gas

·         Retail Fuel

·         Water & Wastewater

·         Sewage

·         Pulp & Paper

·         Chemical & Industrial

·         Others

By Diameter (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         Small(<18”)

·         Medium (18”-60”)

·         Large(>60”)

By Pressure Rating (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         Less than 150 psi

·         150-300 psi

·         More than 300 psi

By Resin (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         Polyester Resin based FRP Pipe

·         Epoxy Resin based FRP Pipe

·         Vinyl Ester Resin based FRP Pipe

By Manufacturing Process (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         Filament winding

·         Centrifugal Casting

·         Others

By Region (Volume (M lbs) and $M shipment analysis for 2012 to 2023):

·         North America

·         Europe

·         Asia Pacific

·         Rest of World

This 305-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or know more about the Global Energy Cable Market @ https://www.lucintel.com/toc/frp-pipe-market.aspx or [email protected]

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This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth in the global FRP pipe market by application (oil and gas, retail fuel, water/wastewater, sewage, pulp/paper, chemical/industrial and others ), by diameter (small (<18”), medium (18”-60”) and large (>60”)), by resin (polyester resin based FRP pipe, epoxy resin based FRP pipe and vinyl ester resin based FRP pipe), by pressure rating (less than 150 psi, 150-300 psi and more than 300 psi), by manufacturing process (filament winding, centrifugal casting and others), and region (North America, Europe, Asia Pacific and ROW) and why?

Q.2.Which application segments will grow at a faster pace and why?

Q.3.Which region will grow at a faster pace and why?

Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges in the market?

Q.5.What are the business risks and competitive threats in this market?

Q.6.What are emerging trends in this market and the reasons behind them?

Q.7.What are some changing demands of customers in the market?

Q.8.What are the new developments in the market and which companies are leading these developments?

Q.9.Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10.What are some of the competitive products in this market and how great of a threat do they pose for loss of market share through product substitution?

Q.11.What M & A activities have transpired in the last 5 years in this market and how have they affected the industry? 

Source: Lucintel