Global FRP Pipe Market Statistics: USD 5.94 Billion Value by 2033

Summary:

1. The global FRP pipe market size reached USD 4.35 Billion in 2024.

2. The market is expected to reach USD 5.94 Billion by 2033, exhibiting a growth rate (CAGR) of 3.51% during 2025-2033.

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 resist corrosion from chemicals, salt water and harsh substances. Unlike steel or concrete, they do not deteriorate over time. This means they require fewer replacements or repairs, reducing long-term costs. Industries such as water treatment, oil and gas, and chemicals find it very attractive. Their environments are corrosive. Traditional pipes encounter aggressive chemicals, acids, alkalis and high salinity. Corrosion causes leaks, downtime and safety issues. This puts the environment and workers at risk. FRP pipes provide a reliable solution, reducing the risks of failure and contamination.

1. Growing infrastructure development:

Countries are upgrading their water systems to support growing cities. This increases the need for reliable, corrosion-resistant pipes. FRP pipes are durable and perfect for transporting water, sewage and other liquids. They are now the top choice for water projects in cities and industries. Global demand for oil and gas is also growing. This drives large investments in pipeline infrastructure for extraction and distribution. FRP pipes are ideal for these needs, especially in corrosive or high-pressure situations. They are lightweight, cost-effective and can endure tough conditions. Thus, they are becoming more popular in oil and gas projects.

1. Renewable energy initiatives:

Renewable energy systems such as geothermal and offshore wind farms face harsh conditions. They are often exposed to chemicals, moisture, and salt water. FRP pipes are ideal for these systems. They resist corrosion better than metal pipes. This reduces maintenance costs and increases the life of the system. Therefore, developers prefer FRP pipes over traditional materials. Moreover, FRP pipes are both lightweight and strong. This makes them perfect for renewable energy projects. In offshore wind farms, their lightness aids in easy transportation and installation. The high strength-to-weight ratio of FRP pipes makes them easy to handle. This is a huge advantage for large projects in inaccessible areas.

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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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