A dependable Glass Reinforced Plastics (GRP) Pipes Market report gives information about company profile, product specifications, capacity, production value, and market shares for each company for the year 2023 to 2030 under the competitive analysis study. Under market segmentation, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. The report focuses on many aspects related to Glass Reinforced Plastics (GRP) Pipes Market industry and market. Some of these strategies are new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Before presenting Glass Reinforced Plastics (GRP) Pipes Marketing report to the end users, all the information is assessed and validated by the expert team members.
A high quality Glass Reinforced Plastics (GRP) Pipes Market report is structured with full commitment and transparency in research about Glass Reinforced Plastics (GRP) Pipes Market industry. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. In this competitive market place, businesses are always in struggle to seek better solutions in terms of product trends, future products, marketing strategy, future events, actions or behaviours. This market analysis offers an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. All the statistical data and information involved in the large scale Glass Reinforced Plastics (GRP) Pipes Market report is characterized properly by using several charts, graphs or tables.
Data Bridge Market Research analyses that the glass reinforced plastics (GRP) pipes market was valued at USD 3.76 billion in 2021 and is expected to reach USD 5.27 billion by 2029, registering a CAGR of 4.32% during the forecast period of 2022 to 2029
Explore Further Details about This Research Glass Reinforced Plastics (GRP) Pipes Market Report https://www.databridgemarketresearch.com/reports/global-glass-reinforced-plastics-grp-pipes-market
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REPORT METRIC |
DETAILS |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Industrial Type, Decorative Type), Resin Type (Epoxy, Polyester, Vinyl Ester), Application (Oil and Gas, Chemical, Sewage, Irrigation, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Saudi Arabian Amiantit Co (Saudi Arabia), Veplas d.d. (Solvenia), Future Pipe Industries (UAE), Enduro (Us), Amiblu Holding GmbH (Austria), Harwal Group of Companies (UAE), Graphite India Limited (India), Fibrex (US), Smithlinecomposites (UAE), Industrial Plastic Systems (US), China National Building Material Group Corporation (China), Technobell Technology (Solvenia), Pipelife Nederland B.V. (Austria), BASF SE (Germany), SONGWON (South Korea), Albemarle Corporation (US), Clariant (Switzerland), Akzo Nobel N.V (Netherland), DOW (US), LANXESS (Germany) Evonik (Germany), Enduro Composites, Inc. (U.S) |
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Market Opportunities |
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Market Definition
Glass-reinforced plastic (GRP) is a complex material which is consisting of plastic reinforced with fine glass fibers. These fibers may be flattened as a sheet, arranged randomly, or woven to make a fabric-like material. A plastic resin is then covered onto the glass fibers to produce combined uniform material. This resin may contain polyester, epoxy, vinyl ester, polypropylene or polyurethane. The glass fibers in GRP have mechanical properties which are roughly comparable to another types of fibers, for example carbon fiber. However, glass fibers are more flexible, cheaper and lighter than their carbon counterpart which is making it an ideal reinforcing agent for various polymer products.
Glass Reinforced Plastics (GRP) Pipes Market Dynamics
Drivers
- Rise the demand in wastewater treatment
The wastewater treatment application will constitute over 21% of the global intake during forecast. Raw water or Processed has large demand in numerous applications including washing, processing, and cooling in manufacturing industries such as automotive, chemical, pulp and paper, metal and mining, pharmaceuticals, power, oil and gas and textiles. The increasing water contamination due to industrial activities along with freshwater shortage in developing areas has led to strict government rules on water reuse and recycle projects. These factors will be the significantly driving GRP piping in wastewater treatment facilities.
- Rise in demand due to adoption of epoxy resins
Epoxy GRP pipes have larger properties, such as resistance to abrasion and corrosion, low friction, high insulation, etc., that make them the ideal choice in the oil and gas region as they increase the flow capacity of resources. Due to the cross-linked structure makes epoxy-based piping significantly which robust compared to ensure its impact resistance and thermostability.
- Rising Hydrocarbon Exploration and Production
Glass reinforced plastics piping systems are working in the oil and gas industry for offshore platform piping systems, gas transmission lines, subsea piping systems, floating production storage, injection lines for gas and water, crude oil transmission, flow lines, exploration, and refinery piping systems. The increasing hydrocarbon production and exploration activities are anticipated to drive the demand during forecast period.
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Regional Analysis/Insights
- The Glass Reinforced Plastics (GRP) Pipes Market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.
- The countries covered in the Global Glass Reinforced Plastics (GRP) Pipes Market reportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- North America dominatesthe Glass Reinforced Plastics (GRP) Pipes Market because of the region's high prevalence Glass Reinforced Plastics (GRP) Pipes Market
- Asia-Pacific is expectedto witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Glass Reinforced Plastics (GRP) Pipes Market research report.
- Interaction with research scientists and development heads to understand the nature of the Glass Reinforced Plastics (GRP) Pipes Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Glass Reinforced Plastics (GRP) Pipes Market size
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