South Korea Glass Fiber Reinforced Plastic Pipes Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The South Korea Glass Fiber Reinforced Plastic (GFRP) Pipes Market is experiencing rapid growth, driven by the increasing demand for durable, corrosion-resistant, and lightweight piping solutions across various industries. GFRP pipes, known for their superior strength-to-weight ratio, are becoming a popular choice in sectors like construction, oil and gas, wastewater treatment, and marine industries. This surge in demand highlights the growing reliance on high-performance materials for demanding applications.
Industries in South Korea are increasingly adopting Glass Fiber Reinforced Plastic Pipes for their long lifespan and low maintenance costs. These pipes are highly resistant to environmental factors such as chemicals, UV rays, and extreme weather conditions, which makes them an ideal choice for industries requiring reliable and sustainable solutions. Furthermore, the lightweight nature of GFRP pipes reduces transportation and installation costs, making them more cost-effective over traditional materials like steel or concrete pipes.
In the construction industry, GFRP pipes are often used for water and sewage systems due to their resistance to corrosion and their ability to withstand high-pressure environments. In the oil and gas sector, these pipes are used for transporting chemicals, crude oil, and natural gas, offering both cost savings and improved safety. Moreover, wastewater treatment facilities are increasingly turning to GFRP pipes because of their ability to endure harsh chemicals and their exceptional resistance to corrosion.
The growing awareness of the environmental impact of traditional piping materials is further driving the shift towards GFRP pipes. As businesses and industries in South Korea seek to reduce their carbon footprint, they are increasingly turning to sustainable and durable alternatives like Glass Fiber Reinforced Plastic Pipes, which help lower maintenance costs and extend the lifespan of infrastructure.
With South Korea’s commitment to innovation and sustainability, the demand for Glass Fiber Reinforced Plastic Pipes is set to continue its upward trajectory. Industries across the country are recognizing the long-term benefits of GFRP pipes, and this trend is expected to intensify as more sectors turn to advanced materials for their infrastructure needs.
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Kolon Industries
Amiblu Holding GmbH
Megha Fibre Glass Industries
Fibrex
Fiber Tech Composite
Weitai New Material
Hangzhou Litong Pipe Industry
FlowTite
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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 Glass Fiber Reinforced Plastic Pipes Market
Standard Pipes
Custom Pipes
Multi-layer Pipes
Composite Reinforced Pipes
Filament Winding
Pultrusion
Compression Molding
Injection Molding
Oil and Gas
Water and Wastewater Treatment
Municipal and Industrial Piping
Agricultural Irrigation
Small Diameter Pipes (up to 4 inches)
Medium Diameter Pipes (4 to 12 inches)
Large Diameter Pipes (above 12 inches)
Construction
Chemical Processing
Aerospace
Power Generation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glass Fiber Reinforced Plastic 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. South Korea Glass Fiber Reinforced Plastic Pipes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glass Fiber Reinforced Plastic Pipes Market, By Type
6. South Korea Glass Fiber Reinforced Plastic Pipes Market, By Application
7. South Korea Glass Fiber Reinforced Plastic Pipes Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glass Fiber Reinforced Plastic Pipes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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