The Future of FRP Pipe And Tank Looks Bright

Now days, many pipe and tank fabricators are witnessing a surge in business, particularly in the United States. Because FRP pipe and tank installations are on the rise – above and below ground, in commercial, municipal and residential applications. 

A look at the FRP pipe and tank market from 2013 – 2019 below confirms the positive outlook. In 2013, the North American FRP pipe and tank market was estimated at nearly $1.2 billion. The market promises considerable growth as a result of significant demands from industries such as oil and gas, wastewater, sewage, chemical, retail fuel and pulp/paper.

 

The expansive range of end markets for FRP pipe and tanks offers some strategic security to suppliers. On the business side, the number of markets we participate in helps us smooth out our business cycles. For example, some markets such as pulp and paper may be in a downturn, while oil and gas is growing here

The development of design software also has aided suppliers. FRP manufacturers are faster than ever at going from idea to finished product, responding more quickly to customer needs. In the past, we may have overdesigned and overbuilt products because value engineering was expensive. Not anymore.

The growth of composites engineering programs and research around the country are critical. The more engineers who are exposed to FRP and get excited about it, the better. Add in the development of standards and codes, such as the new pipe standard coming from American Society of Mechanical Engineers in 2016, and the sense of reliability and stability for customers will continue to feed the environment for growth.

 

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