Global Fiber Reinforced Plastic Pipe Market - Mumbai

Global Fiber Reinforced Plastic Pipe Market was valued at US$ 2.1 Bn in 2019 and is expected to reach US$ 3.52 Bn by 2026, at a CAGR of 6.67% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.





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FRP is a complex material that is made of the polymer matrix and is reinforced with different fibers like glass, carbon, and basalt. These fibers are used in various industries such as aerospace, construction, and automotive.

Growing demand for strong, lightweight pipes, the cost-effectiveness of the technology, and demand from the oil & gas industry are boosting the growth of the fiber-reinforced plastic pipe market. Increased innovation in the fiber-reinforced plastic pipes, GRP & GRE Pipe market showing growth trends, and growth in oil exploration activities are key opportunities of the market. Raw material prices are unstable, and the lack of product awareness is limiting the growth of the market.

The winding process is effortless as well as it is well suited to automation without the need for any human intervention. Due to the cost-effectiveness, there are fewer chances of human error and this is also increasing the growth of the filament winding segment in the fiber-reinforced plastic pipe market.

Chemical is the largest application category in the FRP pipe market, with an expected contribution of more than 40.0% in 2017. Due to withstand high temperatures and are corrosion resistant are required. Fiber-reinforced plastic pipes have a higher strength to weight ratio. Epoxy is estimated to the largest material in the fiber-reinforced plastic pipe market, owing to the epoxy being very environmentally as compared to other materials.
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