Nowadays, global FRP Pipe market showed huge opportunities as momentous demands from end application industries such as oil & gas, water & wastewater, chemical, and others. Oil and Gas is the major industry for FRP pipes market for use in transmission network, flow lines, well-interventions, etc. These rapidly increasing demands from various application industries are generating many exciting new markets opportunities for FRP pipes.
Major types of FRP pipes include Polyester, Polyurethane, Epoxy and others. These FRP pipes are now days widely used in new application areas such as oil & gas, sewage pipe, irrigation and others. High cost of FRP pipes compared to pipes made with conventional materials is the major interruption in the market growth. Further market development will depend upon material availability at reasonable prices.
The major driver for this market is high corrosion resistance properties and its use in niche applications like ultra-deep drilling in offshores, well intervention activities. The new applications of FRP pipes in the growing oil & gas, water and wastewater treatment sector are also helping this market to grow at a faster rate. Growing demand of FRP pipes from emerging regions of the world is also expected to contribute to the growth of the market.
The FRP/GRP/GRE Pipe market is segmented on the basis of its product types, such as Polyester, Polyurethane, Epoxy and others. Fiber type include Glass Fiber and Carbon Fiber. The FRP/GRP/GRE Pipe market is segmented on the basis of its applications, such as oil & gas, sewage pipe, irrigation and other industrial applications.
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