GRP Pipes Market Size is expected to reach
USD 2.1 billion by 2019 - 2025
“GRP Pipes Market Size, Share & Trends Analysis
Report By Application (Oil & Gas, Chemicals, Sewage,
Irrigation), By Region (North America, Europe, Asia
Pacific, CSA, MEA), And Segment Forecast, 2019 2025.”
The global GRP pipes market size is expected to reach USD 2.1 billion by 2025, escalating at a
CAGR of 3.7% over the forecast period. Glass fiber reinforced plastic (GRP) pipes are lightweight,
durable, and offer superior corrosion resistance and strength, which makes them suitable for use in
water and wastewater transport applications. Increasing stringent regulations on wastewater
collection and treatment are likely to propel the demand for GRP pipes. These are easy to install as
compared to their metal counterparts on account of their flexible nature. GRP pipes include lesser
joints and can be laid over longer distances, owing to which they are usually preferred for longdistance water transportation. Developing countries are witnessing an increase in stringent
regulations on residential wastewater collection and treatment, which are expected to open new
avenues for the growth of GRP pipes industry. Furthermore, mandates by the governments across
developed economies to install water treatment facilities in industrial units are likely to boost the
demand for GRP pipes in industrial applications. These are also suitable for the transportation of a
variety of chemicals owing to their inert nature.
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Furthermore, GRP pipes are suitable for use in desalination and hydropower plant. Increasing
investments in the industrial sector to cater to the demand from end users are expected to propel
the demand for GRP pipes and, in turn, the market growth over the projected period. Key industry
players are engaged in R&D to devise enhanced anti-corrosion pipes with an ability to sustain high
temperatures and pressures, which is likely to increase the product scope in O&G application. A
diversified portfolio, brand reputation, and enhanced product quality were observed to be the key
success factors for leading glass fiber reinforced plastic pipe market players such as Amiblu Group.
Further key findings from the report suggest:
•
In India, the demand for GRP pipes in irrigation application is expected to witness a
growth rate of 6.1% over the forecast period owing to increasing efforts by the Indian
government to offer consistent water supply to agricultural lands
•
Sewage treatment segment was the second-largest application segment in 2018 and
accounted for 27.0% of the overall glass fiber reinforced plastic pipe market share owing
to high durability and suitability for carrying wastewater over long distances
•
Asia Pacific is expected to witness the fastest growth rate over the projected period owing
to the rapid growth of wastewater treatment and chemical manufacturing industries in
China and India
•
Europe was the second-largest regional market for GRP pipes in 2018 owing to wellestablished water supply infrastructure and wastewater treatment facilities across the
European countries
•
A large number of fiberglass pipe manufacturers are expanding their operations to provide
technical services, pipe installation, and O&M activities, which, in turn, is likely to support
product penetration in the market.
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