Global FRP Pipe Market Statistics: USD 5.9 Billion Value by 2032

Summary:

1. The global FRP pipe market size reached USD 4.2 Billion in 2023.

2. The market is expected to reach USD 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.66% during 2024-2032.

3. Asia Pacific leads the market, accounting for the largest FRP pipe market share.

4. Glass-reinforced epoxy holds the majority of the market share in the type segment, as they are highly suitable for demanding applications in sectors like oil and gas and water treatment.

5. Filament winding exhibits a clear dominance in the FRP pipe industry.

6. Based on the application, the market has been divided into water and wastewater, chemical and industrial, oil and gas, power generation, and others.

7. The rising number of renewable energy initiatives is a primary driver of the FRP pipe market.

8. The increasing infrastructure development and corrosion resistance are reshaping the FRP pipe market.

Industry Trends and Drivers:

1. Corrosion resistance:

FRP pipes are inherently resistant to corrosion from chemicals, saltwater, and other harsh substances, unlike traditional materials like steel or concrete that corrode or degrade over time. This property means FRP pipes require less frequent replacements or repairs, resulting in lower long-term maintenance costs. This cost-effectiveness appeals strongly to industries such as water treatment, oil and gas, and chemical processing, where pipe infrastructure is exposed to corrosive environments. In sectors like oil and gas, chemical processing, and wastewater treatment, pipes are constantly exposed to aggressive chemicals, acids, alkalis, and high salinity levels. Corrosion in traditional pipes can lead to leaks, downtime, and safety hazards, posing risks to both the environment and the workforce. FRP pipes, with their high corrosion resistance, provide a reliable solution in these settings, reducing the likelihood of costly failures and contamination.

1. Growing infrastructure development:

As countries are expanding and upgrading their water and wastewater treatment facilities to meet the needs of growing urban populations, the demand for reliable, corrosion-resistant piping solutions is rising. FRP pipes, with their durability and resistance to corrosion, are ideal for transporting potable water, sewage, and other fluids, making them a preferred choice for municipal and industrial water projects. The global demand for oil and gas is spurring significant investments in pipeline infrastructure to support extraction, refining, and distribution. FRP pipes are well-suited for these applications, particularly in corrosive or high-pressure environments. They are lightweight, cost-effective, and can withstand harsh conditions, making them an increasingly popular option in oil and gas infrastructure projects.

1. Renewable energy initiatives:

Renewable energy infrastructure, such as geothermal and offshore wind installations, often operates in highly corrosive environments, exposed to chemicals, moisture, and saltwater. FRP pipes offer superior corrosion resistance compared to metals, making them ideal for these applications. This durability reduces maintenance costs and increases the lifespan of renewable energy systems, leading project developers to favor FRP pipes over traditional materials. FRP pipes are lightweight yet strong, a combination that makes them well-suited for renewable energy installations. For example, in offshore wind farms, FRP’s lightweight nature simplifies transportation and installation. Its high strength-to-weight ratio also makes FRP pipes easier to handle, which is especially beneficial for complex, large-scale installations in remote or difficult-to-access locations.

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FRP Pipe Market Report Segmentation:

Breakup By Type:

1. Glass-Reinforced Polyester

2. Glass-Reinforced Vinyl Ester

3. Glass-Reinforced Epoxy

Glass-reinforced epoxy represents the largest segment as it offers a high strength-to-weight ratio and excellent corrosion resistance.

Breakup By Manufacturing Process:

1. Centrifugal Casting

2. Filament Winding

3. Pultrusion

4. Others

Filament winding accounts for the majority of the market share: The Filament Winding process provides consistent quality, cost-effectiveness, and high-strength characteristics, making it ideal for producing FRP pipes in large volumes for industrial applications.

Breakup By Application:

1. Water and Wastewater

2. Chemical and Industrial

3. Oil and Gas

4. Power Generation

5. Others

Based on the application, the market has been divided into water and wastewater, chemical and industrial, oil and gas, power generation, and others.

Breakup By Region:

1. North America (United States, Canada)

2. Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

3. Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

4. Latin America (Brazil, Mexico, Others)

5. Middle East and Africa

Asia Pacific enjoys the leading position in the FRP pipe market on account of its rapid infrastructure development, industrial expansion, and increasing investments in renewable energy.

Top FRP Pipe Market Leaders:

The FRP pipe market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

1. Augusta Fiberglass

2. Enduro Composites

3. Ershigs Inc

4. Fibrex Fiberglass Pipe

5. FRP SYSTEMS

6. Hanwei Energy Services Corp.

7. HOBAS

8. Industrial Plastic Systems

9. Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd

10. NOV Inc.

11. Sarplast

12. Saudi Arabian Amiantit Co.

13. Shawcor Ltd.

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