South Korea Fiberglass Reinforced Plastic Pipe Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The South Korea Fiberglass Reinforced Grating (FRP) market is expanding rapidly, driven by increasing demand from various industries such as construction, chemical, and offshore. These industries rely on FRP grating for its durability, corrosion resistance, and ease of maintenance. The use of fiberglass reinforced grating in South Korea has become integral to enhancing safety and efficiency in various industrial applications.
The demand for FRP grating is particularly high in industries where exposure to harsh environmental conditions is common, such as the chemical and pharmaceutical sectors. The grating’s ability to withstand chemicals, extreme weather, and heavy loads makes it an ideal choice for flooring and walkway systems. In offshore oil and gas operations, fiberglass reinforced grating is favored for its lightweight yet strong construction, which improves safety and reduces maintenance costs over traditional materials like metal.
South Korea's manufacturing industry, known for its technological advancements, has also fueled the growth of the fiberglass reinforced grating market. The automotive sector, particularly, benefits from this material for producing non-slip surfaces and as part of lightweight vehicle designs. The demand from the construction industry, which is thriving with infrastructure projects and building developments, continues to contribute to market growth. FRP grating is increasingly being used in both residential and commercial applications due to its aesthetic appeal and functional advantages, such as slip resistance and high load-bearing capacity.
Moreover, the South Korean government’s emphasis on sustainability and eco-friendly materials has supported the increased adoption of FRP products. As industries look for more cost-effective and long-lasting solutions, the Fiberglass Reinforced Grating market in South Korea is anticipated to witness continued growth. With new developments in production techniques and product innovation, FRP grating is expected to maintain its position as a vital component in industrial operations across the country.
Industries are also demanding more customized solutions, with various color and size options for specific applications. This customization, alongside the increasing emphasis on safety standards and environmental regulations, is shaping the future of the South Korea Fiberglass Reinforced Grating market.
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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 South Korea Fiberglass Reinforced Plastic Pipe Market
Glass Fiber Reinforced Plastic (GFRP)
Carbon Fiber Reinforced Plastic (CFRP)
Aramid Fiber Reinforced Plastic (AFRP)
Hand Lay-Up
Spray-Up
Filament Winding
RTM (Resin Transfer Molding)
Oil & Gas
Wastewater Treatment
Agriculture
Aerospace
Mining
Construction
Small Diameter (Less than 6 inches)
Medium Diameter (6 inches to 24 inches)
Large Diameter (More than 24 inches)
Fluid Transportation
Corrosion Resistance
Pressure Vessels
Infrastructure and Utility
Fire Protection
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Fiberglass 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. South Korea Fiberglass Reinforced Plastic Pipe Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Fiberglass Reinforced Plastic Pipe Market, By Type
6. South Korea Fiberglass Reinforced Plastic Pipe Market, By Application
7. South Korea Fiberglass Reinforced Plastic Pipe Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Fiberglass Reinforced Plastic Pipe Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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