FRP & GRP & GRE Pipe Market Size, Share, Growth, And Industry Analysis By Type (Glass Fiber, Carbon Fiber, Vinylester, Epoxy, Others), By Application (Oil and Gas, Sewage Pipe, Irrigation, Others), Regional Insights and Forecast From 2025 To 2033

• 

   Request a Free Sample To Get More Information on this Market

FRP & GRP & GRE PIPE MARKET REPORT OVERVIEW

The global frp & grp & gre pipe market size is predicted to reach USD 3.23 billion by 2033 from USD 2.64 billion in 2024, registering a CAGR of 2.3% during the forecast period.

Fiberglass is a common fiber-reinforced plastic that uses glass fibers. The fibers can be placed randomly, flattened or woven into a fabric. The plastic matrix can be a thermosetting polymer matrix, usually based on thermosetting polymers such as epoxy, polyester resin or vinyl ester, or a thermoplastic. Other popular names for fiberglass include GRE, which stands for glass-reinforced epoxy; GRP stands for Glass Reinforced Plastic and FRP stands for Fiber Reinforced Plastic. FRP is also a common term for glass fiber reinforced composites, which include GRE and GRP.

Some of the key factors fueling the growth of this market are increasing demand for lightweight and corrosion resistant pipes, awareness of the benefits of using FRP/GRP/GRE pipes, and increasing investment in pipe infrastructure.

COVID-19 IMPACT

"COVID-19 Pandemic Reduced Demand For Pipes Leading Market Disruption"

The COVID-19 pandemic has been unprecedented and staggering, with the FRP & GRP & GRE pipe market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The pandemic is spreading rapidly and mercilessly affects the business environment of major markets. Demand for reinforced plastic pipes is falling sharply in all segments. In some regions, particularly North America and Europe, the decline is greater than in the Asia-Pacific region. Amid the ongoing crisis, manufacturers of reinforced plastic pipes are operating at reduced capacity and plan to expand their operations after a careful assessment of the process. The construction industry has acquired a significant share of the consumption of reinforced pipes worldwide. Due to the outbreak of the COVID-19 pandemic, construction of several major projects was halted amid the shutdown. As a result, the demand for reinforced plastic pipes fell, leading to the collapse of the global market for reinforced plastic pipes.

LATEST TRENDS

"Growing Demand From The Chemical Industry Fuel The Market Growth"

Fiberglass pipes are used in the chemical industry, e.g. due to their properties such as hardness and brittleness, transparency, resistance to high temperatures, corrosion resistance, high transport flow and easy installation. The increase in the demand of chemicals mainly in industry can accelerate the growth of the chemical industry, which will further increase the demand for fiberglass pipes in the coming years. The chemical industry has recently grown all over the world. The Asia-Pacific region has the largest chemical industry in the world. Countries such as China, India and Japan have seen growth in recent years through the completion of many chemical projects, some of which are expected to be completed in the near future.

FRP & GRP & GRE PIPE MARKET SEGMENTATION

By Type

According to type, the market can be segmented into Glass Fiber, Carbon Fiber, Vinylester, Epoxy, Others. Glass Fiber is anticipated to be the leading segment.

By Application

Based on application, the market can be divided into Oil and Gas, Sewage Pipe, Irrigation, Others. Oil and Gas will be the dominating segment.

DRIVING FACTORS

"Economic Growth, Urbanization And Sustainable Energy Growth to Boost Market Growth"

The primary and most important driver for the global FRP & GRP & GRE pipe market growth is the increasing adoption of GRP pipe systems in the end-use industries due to their properties. The GRP pipe industry is driven by increasing urbanization and the growing need for sustainable energy. Rapid industrialization in all countries is promoting the demand for profitable and durable pipes due to the increase in the cost of metal pipes. Urbanization and rising middle class incomes are has led to increased use of abrasive chemicals in household cleaning and other daily activities. Therefore, traditional iron and concrete pipes must be replaced more often due to corrosion. FRP & GRP & GRE pipe are better than steel pipes in terms of corrosion and moisture resistance extends the service life of water and sewage pipes.

"Strong, Heavy-Duty And Easy Installations Make Pipes Suitable For Use Leading Market Expansion"

The increase in demand for lightweight pipes, especially in the construction industry, is driving the growth of the global FRP & GRP & GRE pipe market. In addition, increasing demand for corrosion-resistant pipes in various chemical, oil and gas applications, and innovations in the manufacturing process of reinforced plastic pipes are important aspects expected to boost the growth of the global reinforced FRP & GRP & GRE pipe market during the forecast period. In addition, increasing demand due to rapid urbanization and increasing consumer spending, especially from developing countries such as China and India, is fueling market growth. Demand for reinforced plastic pipes is expected to increase, especially in water and wastewater treatment, and applications in seawater cooling and desalination plants, water wells, portable water pipes, process pipes, process vessels, and flow and injection lines boost the demand for FRP pipes.

RESTRAINING FACTORS

"Availability Of Substitute Products And Rising Prices Of Raw Materials to Hinder Market Growth"

The market for GRP and GRE pipes is severely hampered by the availability of substitutes for GRP and GRE. A cheaper and lighter alternative to glass-reinforced pipes is long fiber injection. LFI uses polyurethane plastic. Comparing LFI pipes with more expensive and less impact-resistant GRP and GRE pipes, it turns out that the former are lighter, more efficient and more cost-effective. In addition, rising prices of raw materials such as carbon fiber for these pipes are hindering the growth of the GRP and GRE pipes market. As a result, the glass reinforced pipe industry has slowed down and is facing challenges due to the availability of substitutes and rising prices of raw materials.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

FRP & GRP & GRE PIPE MARKET REGIONAL INSIGHTS

"Asia Pacific To Be The Leading Region Due To Its Large Population And Growing Infrastructure"

Asia Pacific is projected to be the most lucrative market for FRP pipes due to its large population and growing infrastructure. Asia Pacific was the largest regional FRP & GRP & GRE pipe market share in terms of revenue and is projected to continue its dominant position during the forecast period. The region's volume share was more than 60% in 2019, which was due to high demand for products from various industries such as oil and gas, electricity, petrochemicals, sewage treatment plants, etc. Additionally, rapid urbanization coupled with increasing government spending on infrastructure in the world's emerging economies such as China and India is likely to boost industrial growth in the coming years. Asia Pacific is the largest market region for fiberglass pipes and is also projected to be the fastest growing market region during the forecast period.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Top Frp & Grp & Gre Pipe Companies

• National Oilwell Varco (NOV) (U.S.)
• Amiantit (Saudi Arabia)
• ZCL Composites (Canada)
• Future Pipe Industries (FPI) (Dubai)
• The Hobas Group (Austria)
• Graphite India Limited (India)
• Lianyungang Zhongfu (China)
• Abu Dhabi Pipe Factory (Dubai)
• Hengrun Group (China)
• Enduro Composites (U.S.)
• Chemical Process Piping (CPP) (India)
• Jizhou Zhongyi (India)

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.