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Glass Reinforced Plastic (GRP) Piping Market Analysis

  • Report ID: GMI2696
  • Published Date: Mar 2021
  • Report Format: PDF

Glass Reinforced Plastic Piping Market Analysis

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.

  GRP Piping Market by Application

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.

  Glass Reinforced Plastic Piping Market by Region

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.

Authors: Kiran Pulidindi

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.

Glass Reinforced Plastic (GRP) Piping Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 19
  • Tables & Figures: 401
  • Countries covered: 23
  • Pages: 320
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