Glass Fiber Reinforced Plastic Grp Pipe Market by Application (Chemicals, Oil & Gas, Industrial, Sewage, Irrigation & drinking water transmission, Energy & Power, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Glass Fiber Reinforced Plastic GRP pipe Market size was valued at USD 4.5 USD Million in 2023 and is projected to reach USD 10.46 USD Million by 2032, exhibiting a CAGR of 12.8 % during the forecast period.GRP pipes are products of composite materials which are a combination of a polymer matrix and glass fibers. They are well-recognized for higher tensile strength, excellent corrosion performance, and very high durability. These include ‘filament-wound’ pipes, ‘centrifugally cast’ pipes and ‘hand laid pipes’ which are produced depending on their intended use. The main characteristics of the GRP pipes are lighter weight than the pipes made of other materials; easy transportation and installation, and high chemical resistance for use in corrosive soils/chemical conditions. These pipes are widely used in the sectors of water and sewage, oil and gas, chemicals, and water desalination plants. Some of the advantages include durability, the least maintenance need, and low operational cost over the life cycle as evidenced by the negated effects of corrosion and the best hydraulic performance.
By Application:
By Region:
North America and Europe are the largest markets for GRP pipes, followed by Asia Pacific. The growing demand for corrosion-resistant and durable piping solutions in chemical, oil & gas, and infrastructure industries is driving the market growth in these regions.
Consumers are increasingly demanding piping solutions that are corrosion-resistant, lightweight, and durable. GRP pipes offer these benefits, making them a preferred choice for various applications.
The demand for GRP pipes is driven by the growth in the chemical, oil & gas, and infrastructure industries. These industries require piping solutions that can withstand harsh chemicals, extreme temperatures, and high pressures.
The global GRP pipe market is characterized by significant import and export activities. Major exporting countries include China, Germany, and the Netherlands. Key importing countries include the United States, Saudi Arabia, and India.
GRP pipe manufacturers use various pricing strategies to compete in the market. These strategies include cost-plus pricing, value pricing, and competitive pricing.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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