Glass Reinforced Plastics (GRP) Pipes Market Industry Size, Segmentation, Application Analysis, Trends, & Forecast
Glass-reinforced plastic (GRP) is a complex material which is consisting of plastic reinforced with fine glass fibers. These fibers may be flattened as a sheet, arranged randomly, or woven to make a fabric-like material. A plastic resin is then covered onto the glass fibers to produce combined uniform material. This resin may contain polyester, epoxy, vinyl ester, polypropylene or polyurethane. The glass fibers in GRP have mechanical properties which are roughly comparable to another types of fibers, for example carbon fiber. However, glass fibers are more flexible, cheaper and lighter than their carbon counterpart which is making it an ideal reinforcing agent for various polymer products.
Data Bridge Market Research analyses that the glass reinforced plastics (GRP) pipes market was valued at USD 3.76 billion in 2021 and is expected to reach USD 5.27 billion by 2029, registering a CAGR of 4.32% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Some of the major players operating in the glass reinforced plastics (GRP) pipes market are:
- Saudi Arabian Amiantit Co (Saudi Arabia)
- Veplas d.d. (Slovenia)
- Future Pipe Industries (UAE)
- Enduro (US)
- Amiblu Holding GmbH (Austria)
- Harwal Group of Companies (UAE)
- Graphite India Limited (India)
- Fibrex (US)
- Smithlinecomposites (UAE)
- Industrial Plastic Systems (US)
- China National Building Material Group Corporation (China)
- Technobell Technology (Slovenia)
- Pipelife Nederland B.V. (Austria)
- BASF SE (Germany)
- SONGWON (South Korea)
- Albemarle Corporation (US)
- Clariant (Switzerland)
- Akzo Nobel N.V (Netherlands)
- DOW (US)
- LANXESS (Germany)
- Evonik (Germany)
- Enduro Composites, Inc. (U.S)
Scope of the Glass Reinforced Plastics (GRP) Pipes Market Report:
The glass reinforced plastics (GRP) pipes market is segmented on the basis of type, resin type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Industrial Type
- Decorative Type
Resin Type
- Epoxy
- Polyester
- Vinyl Ester
Application
- Oil and Gas
- Chemical
- Sewage
- Irrigation
- Others
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Glass Reinforced Plastics (GRP) Pipes Market Regional Analysis/Insights
The Glass Reinforced Plastics (GRP) Pipes market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Glass Reinforced Plastics (GRP) Pipes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Glass Reinforced Plastics (GRP) Pipes within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Glass Reinforced Plastics (GRP) Pipes market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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