Glass Reinforced Plastic Pipe Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
The global glass reinforced plastic (GRP) pipe market is experiencing significant growth due to the increasing demand for durable, corrosion-resistant piping solutions across various industries. The market is driven by the expanding need for high-performance pipes in sectors such as water and wastewater management, oil and gas, and construction. GRP pipes are known for their lightweight properties, making them easy to handle and install, contributing to their rising adoption. Furthermore, the shift towards environmentally sustainable solutions has led to the increased use of GRP pipes, which offer better resistance to chemical and physical wear compared to traditional piping materials. These factors are expected to continue to fuel the market growth in the coming years, with a focus on improving manufacturing processes and cost-effectiveness to meet industry demands globally.
Several trends and opportunities are shaping the future of the GRP pipe market, including advancements in technology and the growing adoption of composite materials. As industries continue to seek ways to reduce maintenance costs and improve infrastructure resilience, the demand for GRP pipes is set to rise. Innovations in resin and composite technology have also enhanced the performance characteristics of GRP pipes, making them suitable for use in more demanding applications. Moreover, the expanding urbanization in developing regions is expected to increase the need for effective water management systems, further boosting the market. With the focus on sustainable construction practices and green building initiatives, GRP pipes are emerging as a preferred choice due to their environmental benefits and long service life, opening up new avenues for growth in both established and emerging markets.
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Veplas
Enduro Composites
Harwal Group
Graphite India
Saudi Arabian Amiantit
Sarplast
Composite Pipes Industry
HOBAS
Dubai Pipes Factory
Fibrex
Future Pipe Industries
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Glass Reinforced Plastic Pipe Market
Oil and Gas
Water and Wastewater Management
Agriculture
Mining
Construction
Other Industrial Applications
Filament-Wound Pipe
Pultruded Pipe
Sheet Molding Compound (SMC) Pipe
Continuous Fiber Reinforced Plastic Pipe
Small Diameter Pipes (
Medium Diameter Pipes (6-12 inches)
Large Diameter Pipes (>12 inches)
Corrosion-Resistant Applications
Pressure Management
Fluid Transport
Insulation and Electrical Protection
Open Molding Process
Closed Molding Process
Extrusion
Injection Molding
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Glass Reinforced Plastic Pipe Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Glass Reinforced Plastic Pipe Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Glass Reinforced Plastic Pipe Market, By Type
6. Gloabl Glass Reinforced Plastic Pipe Market, By Application
7. Gloabl Glass Reinforced Plastic Pipe Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Glass Reinforced Plastic Pipe Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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