Glass Reinforced Plastic (GRP) Piping Market Size, By Resin (Epoxy, Polyester, Vinyl Ester), By Application (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation, Water Supply), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Mar 2021  |  Report ID: GMI2696  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 320   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Glass Reinforced Plastic Piping Market size was USD 5.46 billion in 2020 and will grow at a CAGR of 4.5% from 2021 to 2027. Rising urbanization and growing need for sustainable energy throughout the globe will stimulate the GRP piping industry.

GRP pipes are composed of cured thermosetting resins embedded with glass reinforcements. Glass reinforced plastics are gaining more popularity in the piping industry due to their anti-corrosion properties.

Glass Reinforced Plastic Piping Market Outlook

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The GRP piping market will foresee significant growth in the wastewater treatment and oil & gas sectors owing to the product’s superior properties such as chemical-resistance, lightweight, durability, adhesion, thermal resistance, low shrinkage, low maintenance & monitoring, etc. These pipes serve as a medium for supplying drinking water, wastewater, chemical processing, oil & gas, agriculture processing, seawater, industrial water, etc.

Glass fiber reinforced plastics are composites of glass fibers with a polymer matrix. The matrix is generally polyester, epoxy, or thermosetting resin. The resin significantly enhances the chemical & thermal resistance of the material and acts as a binder in the fibers of the structural laminates. Moreover, glass fibers can be conveniently oriented to enhance the composite strength.

New potential uses of GRP piping to economically substitute metal and ductile pipes in green building constructions will escalate the glass reinforced plastic piping market share. Energy demand has been rising in the urban sector owing to growing urban population; for instance, UNO reported that the global urban population will double be compared to the rural population by 2040. Government frameworks related to limited GHG emissions and energy conservation will escalate the installation of GRP piping in industrial infrastructures.

Significant development of horizontal drilling and hydraulic fracturing technologies has led to abundant reserves of unconventional hydrocarbon in the U.S. The region will be among the largest markets in terms of liquid hydrocarbon production. There is a growing utility of GRP pipes in a range of applications in the oil & gas sector such as refinery piping, exploration, crude oil transmission, sub-sea piping, and gas transmission lines. These tasks are highly water-intensive: hence, a rise in oil & gas exploration activities, fracking for shale gas, and growing demand for biofuels will augment the glass reinforced plastic piping market revenue by 2027.

The global glass reinforced plastic piping industry is highly regulated and monitored by various regulatory authorities across the globe including the European Council, Organization for Standardization (ISO), U.S., Code of Federal Regulations (CFR), American Water Works Association (AWWA), and Water Regulations Advisory Scheme (WRAS). GRP pipe manufacturers follow all national and international standards such as TSE, ISO, BS, DIN, ASTM, etc. Therefore, the entry barriers for new entrants in the GRP piping industry will be high due to the capital-intensive nature of the market.

The introduction of GRP in the piping industry has led to high volumes of scrap and end-of-life wastes. Government restrictions on landfill disposal and fluctuating raw material costs might hamper the glass reinforced plastic piping market growth. Additionally, the COVID-19 crisis had a significant impact on the global GRP piping market, resulting in a decline in piping & fitting consumption among end-user industries.

Furthermore, the supply chain disruption and a lack of labor have declined the value of new contracts in real estate building projects during the period. A decline in consumption has enforced industry players to reduce costs and inventories.

Glass Reinforced Plastic (GRP) Piping Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:USD 5.46 Billion
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:4.5%
2027 Value Projection:USD 7.27 Billion
Historical Data for:2017 to 2020
No. of Pages:320
Tables, Charts & Figures:401
Segments covered:Resin, Application, Region
Growth Drivers:
  • Positive outlook from North America oil & gas sector
  • Multiple GRP piping projects in MEA
  • Superior properties of GRP pipes over conventional pipes
Pitfalls & Challenges:
  • Manufacturing waste issues

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Rising adoption of epoxy resins in the GRP piping industry to propel industry growth

  Glass Reinforced Plastic Piping Market by Resin

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The epoxy resin-based GRP piping was over USD 3.60 billion in 2020 and is likely to grow at a decent rate of 4.3% in the overall market. Epoxy GRP pipes possess superior properties, such as low friction, resistance to abrasion & corrosion, high insulation, etc., that make them the preferred choice in the oil & gas sector as they enhance the flow capacity of resources. The cross-linked structure makes epoxy-based piping significantly robust compared to its counterparts and ensures thermostability & impact resistance.

Rising demand for GRP piping in the wastewater treatment industry to augment the overall market size

  GRP Piping Market by Application

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The wastewater treatment application will constitute over 21% of the global consumption in 2027. Processed or raw water has high demand in several applications including processing, washing, and cooling in manufacturing industries such as chemical, pulp & paper, automotive, metal & mining, power, oil & gas, pharmaceuticals, and textiles. These industries are the major contributors to water pollution, thereby increasing water demand and supply gap.

The rising water contamination owing to industrial activities along with freshwater scarcity in developing regions has led to stringent government regulations on water recycle and reuse projects. These traits will be the key driving forces of GRP piping in wastewater treatment facilities.

Europe is expected to be among the leading regional GRP piping markets

  Glass Reinforced Plastic Piping Market by Region

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Europe will hold a revenue size of over USD 1.70 billion in 2027. Rising investments in regional infrastructure development will have a significant influence on the market growth in the coming years. Moreover, the presence of large industrial effluent treatment and chemical processing companies, especially in Germany, France, the UK, and Spain, will contribute to the market growth. Stringent GHG emission norms and rising export of natural gas in the EU region will escalate the glass reinforced plastic piping market sales.

Geographic expansion and new product development are key strategies adopted by market players

The competitive landscape of the glass reinforced plastic piping industry is fragmented with the leading product manufacturers constituting over 1/3rd of the entire market share. Market players are engaged in collaborating with research institutes to innovate biobased GRPs that can be originated from renewable resources and polymer matrix.

Industry players are striving to enhance their global footprints using strategic initiatives such as joint ventures, merger & acquisition, and technological advancements leading to an intense industry rivalry. For example, Amiblu, a 50:50 joint venture of HOBAS and Amiantit, has significantly invested in hydropower schemes to sustainably solve water challenges in remote areas of Uganda, Norway, Sri Lanka, Chile, Scotland, Alpine, and Iceland and to expand its geographical reach.

Other notable players operating in the glass reinforced plastic piping market include Saudi Arabian Amiantit Company, Veplas d.d., Future Pipe Industries, Enduro Composites, HOBAS, Harwal Group, Hanwei Energy Services Corp., Composite Pipes Industry, Dubai Pipes Factory, Graphite India Limited, Plasticon Composites, Fibrex, Sarplast, Smithline Reinforced Composites, Industrial Plastic Systems, China National Building Material Company, Global Pipe, Technobell, and Superlit Pipe Industries.

The glass reinforced plastic piping market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:

By Resin

  •  Epoxy
  • Polyester
  • Vinyl Ester
  • Others

By Application

  • Oil & gas
  • Chemicals
  • Wastewater treatment
  • Irrigation
  • Water supply
  • Others (pulp & paper, power generation, mining, etc.)

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Poland
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • MEA
    • Saudi Arabia
    • UAE
    • Turkey
    • Egypt
    • South Africa

Frequently Asked Questions (FAQ) :

The market revenue for glass reinforced plastic piping was recorded at USD 5.46 billion in 2020 and will expand at 4.5% CAGR through 2027.
The overall market revenue from epoxy resins exceeded USD 3.60 billion in 2020 and will expand at a 4.3% rate owing to its beneficial properties including resistance to abrasion & corrosion, low friction and high insulation among others
Wastewater treatment applications will account for more than 21% of market share in terms of consumption by 2027 owing to the rising demand for processed water.
With increasing infrastructural development, Europe glass reinforced plastic piping market revenue will reach USD 1.70 billion by 2027.

Premium Report Details

  • Published Date: Mar 2021
  • Pages: 320
  • Tables: 371
  • Charts / Figures: 30
  • Companies covered: 19
  • Countries covered: 23

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