The Global FRP pipe market size was worth around USD 4.28 billion in 2023 and is estimated to grow to about USD 6.90 billion by 2032, with a compound annual growth rate (CAGR) of approximately 5.45% over the forecast period.
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FRP Pipe Market Overview
Fiberglass Reinforced Plastic (FRP) tubing is composed of thermosetting resins and fiberglass. FRP products are manufactured by combining glass fibers and resin. The resin serve as a binder for the glass fiber in the structural laminate, as well as providing chemical and environmental resistance to the product. FRP is a composite material that is composed of a polymer matrix and reinforced with fibers.
Epoxy, vinyl ester, or polyester thermosetting plastic comprise the polymer. FRPs are primarily employed in a variety of industrial sectors, including aerospace, automotive, marine, and construction.
One of the primary factors anticipated to contribute to industry development during the forecast period is the increasing demand for FRP pipes from the industrial sector and various construction activities. Furthermore, the FRP pipe market is anticipated to experience further growth during the forecast period due to the increasing construction of sewage treatment facilities, water supply systems, and oil and gas activities, particularly shale gas exploration.
FRP pipe is primarily preferred in the chemical, oil & gas, pulp & paper, retail fuel, marine, water & wastewater, sewage, and offshore industries due to its superior mechanical properties, including anti-corrosion, extended lifespans, and low conductivity. Currently, FRP pipes are in use in a variety of sectors and are gradually replacing traditional metal and PVC pipelines.
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The Global FRP Pipe Market is segmented based on product, application and region
Global FRP Pipe Market: Product Segment Analysis
● Polyester
● Polyurethane
● Epoxy
● Others
Global FRP Pipe Market: Application Segment Analysis
● Water and Wastewater
● Chemical & Industrial
● Oil & Gas
● Power Generation
● Others
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The Global FRP Pipe market profiles key players such as:
● HengRun Group Co. Ltd
● Sekisui Chemicals
● Chemical Process Piping Pvt. Ltd
● Hobas
● Ershing Inc
● China National Building Material Company Limited
● Sarplast SA
● Amiantit Company
● Future Pipe Industries
● National Oilwell Varco
Regional Perspectives on the FRP Pipe Market
In 2018, the global FRP pipe market was significantly influenced by the Asia-Pacific region. The increase in growth is due to the increased investment from a variety of manufacturers in the development of FRP pipes in the region. In 2018, a significant portion of the revenue was generated in North America. The primary factor anticipated to have a positive impact on the development of the FRP pipe market in the region is the increase in construction activities.
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