Glass Reinforced Plastics (GRP) Pipes Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 6.2 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
Looking ahead, the forecast from 2023 to 2033 indicates a promising trajectory for the GRP pipes market. Projections suggest the market could reach USD 2.39 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030. This anticipated growth is attributed to ongoing infrastructure development, particularly in emerging economies, and a heightened focus on sustainable and durable piping solutions.
Several factors are expected to influence this upward trend:
Infrastructure Expansion: Rapid urbanization and industrialization in regions like Asia-Pacific are driving the need for robust water supply and sewage systems, where GRP pipes offer long-term reliability.
Oil & Gas Industry Demand: The exploration and production activities in the oil and gas sector continue to rise, necessitating pipelines that can endure extreme conditions, a role where GRP pipes excel.
Environmental Considerations: With a global shift towards environmentally friendly materials, GRP pipes, known for their longevity and reduced environmental impact, are gaining preference over traditional piping materials.
In my recent projects, clients have shown increased interest in GRP pipes for irrigation purposes, appreciating their lightweight nature and resistance to chemical fertilizers, which enhance the efficiency and lifespan of agricultural water distribution networks.
However, challenges such as fluctuating raw material prices and the need for specialized installation expertise may pose constraints to market growth. Nonetheless, technological advancements and economies of scale are expected to mitigate these issues over time.
Get an In-Depth Research Analysis of the Global Glass Reinforced Plastics (GRP) Pipes Market Size And Forecast [2025-2032]
Between 2018 and 2022, the Glass Reinforced Plastics (GRP) pipes market experienced steady growth, driven by increasing demand across various industries. Valued at approximately USD 1,856.5 million in 2022, the market benefited from GRP pipes' advantages such as corrosion resistance, lightweight nature, and durability, making them ideal for applications in oil & gas, chemicals, sewage, and irrigation sectors.
In my experience working with GRP pipes during this period, I observed their widespread adoption in water and wastewater management systems. Their resistance to corrosion and ease of installation made them a preferred choice for municipal projects aiming to upgrade aging infrastructure. Additionally, the oil and gas industry increasingly utilized GRP pipes for their ability to withstand harsh environments, reducing maintenance costs and enhancing operational efficiency.
Amiblu Holding GmbH
Composite Pipes Industry
Enduro Composites Inc.
Fibrex Corporation
Future Pipe 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. 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 Global Glass Reinforced Plastics (GRP) Pipes Market
Water Treatment
Oil and Gas
Others
Based on Types the Market is categorized into Below types that held the largest Glass Reinforced Plastics (GRP) Pipes market share In 2023.
Epoxy
Vinyl Ester
Others
Global (United States, Global 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 Glass Reinforced Plastics (GRP) 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 Glass Reinforced Plastics (GRP) Pipes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass Reinforced Plastics (GRP) Pipes Market, By Type
6. Global Glass Reinforced Plastics (GRP) Pipes Market, By Application
7. Global Glass Reinforced Plastics (GRP) Pipes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glass Reinforced Plastics (GRP) Pipes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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