Fibre Reinforced Plastic (FRP) Pipes Market size is estimated to be USD 2.5 Billion in 2024 and is expected to reach USD 4.5 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
In 2022, the global Fibre Reinforced Plastic (FRP) Pipes market was valued at approximately USD 3.6 billion and is projected to reach around USD 5.9 billion by 2030, growing at a compound annual growth rate (CAGR) of about 6.5% during the forecast period. North America held the largest market share, accounting for over 30%, driven by a well established construction industry and significant demand in water distribution, sewer systems, and chemical processing applications. Europe followed with around 25% market share, emphasizing environmental sustainability and the adoption of FRP pipes as alternatives to traditional materials. The Asia Pacific region emerged as the fastest growing market, with a CAGR exceeding 4%, fueled by rapid urbanization and industrialization, leading to increased demand for FRP pipes in infrastructure and industrial applications. This growth presents substantial opportunities for market expansion, particularly in developing countries investing in construction and industrial projects. Additionally, the ongoing replacement of conventional materials with FRP pipes across various sectors offers potential for further market penetration globally.
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Teijin
Toray
SGL Group
DuPont
Hexcel
Solvay
Sabic
Hyosung Corporation
Kolon Industries
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. 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 Global Fibre Reinforced Plastic (FRP) Pipes Market
Glass Fibre Reinforced Plastic (GFRP)
Carbon Fibre Reinforced Plastic (CFRP)
Aramid Fibre Reinforced Plastic (AFRP)
Water & Wastewater Management
Aerospace & Aviation
Oil & Gas
Chemical Handling
Construction & Infrastructure
Industrial
Agriculture
Municipal
Marine
Mining
Small Diameter Pipes (Less than 3 inches)
Medium Diameter Pipes (3 to 10 inches)
Large Diameter Pipes (More than 10 inches)
Continuous Fibre Reinforcement
Chopped Strand Reinforcement
Hybrid Reinforcement
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 Global Fibre Reinforced Plastic (FRP) Pipes 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. Global Fibre Reinforced Plastic (FRP) Pipes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fibre Reinforced Plastic (FRP) Pipes Market, By Type
6. Global Fibre Reinforced Plastic (FRP) Pipes Market, By Application
7. Global Fibre Reinforced Plastic (FRP) Pipes Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Fibre Reinforced Plastic (FRP) Pipes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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