FRP Pipe Market Size, Growth, Trends, Report 2023-2028

The latest research study “FRP Pipe Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global FRP pipe market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.19% during 2023-2028.

Fiber reinforced plastic (FRP) pipe, also known as fiberglass-reinforced plastic pipe, is a composite material that combines fibers like fiberglass, carbon, or aramid with a polymer matrix. It comprises filament-wound FRP pipes, which are made by winding continuous fibers around a rotating mandrel and then impregnating them with resin. It also consists of centrifugally cast FRP pipes, where the resin-fiber mixture is poured into a rotating mold. It has a smooth interior surface, which reduces friction, minimizing the risk of scaling and allowing for efficient fluid flow. It is highly resistant to corrosion from a wide range of chemicals and environments, extending its service life significantly. It is lightweight, making transportation, handling, and installation more manageable compared to traditional materials like steel or concrete. It enhances the longevity of infrastructure by reducing the need for frequent repairs and replacements. It can be tailored to meet specific project requirements in terms of size, shape, and chemical resistance.

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FRP Pipe Market Trends and Drivers:

At present, the increasing demand for lightweight, corrosion-resistant, and durable piping solutions across various industries, such as oil and gas, chemical processing, and water and wastewater management, represents one of the crucial factors impelling the growth of the market. Besides this, the growing focus on environmental sustainability and stringent regulations concerning emissions and waste management are driving the adoption of FRP pipes, as they are considered eco-friendly and recyclable. In addition, the rising construction of various commercial and residential buildings is catalyzing the demand for FRP pipes in efficient water supply and sewage management. Apart from this, the technological advancements and innovations in materials and manufacturing processes, along with the increasing utilization of nanomaterials, advanced resins, and sophisticated fabrication techniques, are supporting the market growth. Furthermore, the ongoing trend of replacement and rehabilitation of aging infrastructure is driving the adoption of FRP pipes, ensuring long-term operational efficiency and cost savings.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Augusta Fiberglass
• Enduro Composites
• Ershigs Inc
• Fibrex Fiberglass Pipe
• FRP SYSTEMS
• Hanwei Energy Services Corp.
• HOBAS
• Industrial Plastic Systems
• Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd
• NOV Inc.
• Sarplast
• Saudi Arabian Amiantit Co. and Shawcor Ltd.

FRP Pipe Market Analysis and Segmentation:

The report has segmented the market on the basis of type, manufacturing process and application.

Breakup by Type:

• Glass-Reinforced Polyester
• Glass-Reinforced Vinyl Ester
• Glass-Reinforced Epoxy

Breakup by Manufacturing Process:

• Centrifugal Casting
• Filament Winding
• Pultrusion
• Others

Breakup by Application:

• Water and Wastewater
• Chemical and Industrial
• Oil and Gas
• Power Generation
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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