GRP Pipes Market Size is expected to reach USD 2.1 billion by 2019 - 2025
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. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/grp-pipes-market/request-sample Follow Us: 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. Browse Full Research Report at: https://www.radiantinsights.com/research/grp-pipesmarket Follow Us: About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: [email protected] Web: http://www.radiantinsights.com/ Visit Our Blog: http://industryinsightreport.blogspot.com Follow Us:
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