GRP (Glass Reinforced Plastic) Piping Market Insight: Market Trends, Growth, Forecasted from 2024 TO 2031

The "GRP (Glass Reinforced Plastic) Piping Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The GRP (Glass Reinforced Plastic) Piping market is expected to grow annually by 5.3% (CAGR 2024 - 2031).

This entire report is of 167 pages.

GRP (Glass Reinforced Plastic) Piping Introduction and its Market Analysis

The GRP (Glass Reinforced Plastic) Piping market research report highlights the growth of the market in response to increasing demand for corrosion-resistant and lightweight piping solutions in industries such as oil & gas, water treatment, and chemical processing. Major players in the market include Veplas ., Enduro Composites, Harwal Group, and Graphite India. Factors driving revenue growth include the durability, low maintenance costs, and high strength-to-weight ratio of GRP piping. The report also includes key findings such as market trends, competitive analysis, and recommendations for companies to capitalize on this growing market opportunity.

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The GRP Piping market is witnessing significant growth with the increasing demand for durable and corrosion-resistant piping solutions. The market is segmented into types such as Epoxy Piping, Polyester Piping, and Vinyl Ester Piping, catering to various applications including Oil and Gas, Chemicals, Irrigation, Water Supply, and Waste Water Treatment.

Regulatory and legal factors specific to market conditions play a crucial role in shaping the growth of the GRP Piping market. These factors involve adherence to safety standards, environmental regulations, and industry certifications. Market players are required to comply with stringent guidelines to ensure the quality and reliability of GRP Piping systems.

Overall, the GRP Piping market is poised for continuous expansion, driven by the increasing adoption of advanced piping solutions in various industries. With a focus on regulatory compliance and the development of innovative products, the market is expected to witness sustained growth in the coming years.

Top Featured Companies Dominating the Global GRP (Glass Reinforced Plastic) Piping Market

GRP (Glass Reinforced Plastic) piping market is highly competitive and fragmented with a few key players dominating the market. Some of the prominent companies operating in the GRP piping market are Veplas ., Enduro Composites, Harwal Group, Graphite India, Saudi Arabian Amiantit Company (SAAC), Sarplast SA, Composite Pipes Industry (CPI), HOBAS, Dubai Pipes Factory, Fibrex, and Future Pipe Industries.

These companies offer a wide range of GRP piping solutions for various applications including water and wastewater transmission, oil and gas transportation, chemical processing, and industrial applications. They leverage advanced manufacturing technologies and materials to produce high-quality GRP pipes that offer superior corrosion resistance, durability, and low maintenance.

Veplas d.d. specializes in custom GRP solutions for industrial and infrastructure projects, while Enduro Composites focuses on providing composite products including GRP piping for water/wastewater and industrial applications. Harwal Group offers a comprehensive range of GRP pipes through its subsidiary Harwal Pipe Technologies. Saudi Arabian Amiantit Company (SAAC) is a leading manufacturer of GRP pipes in the Middle East region.

These companies play a crucial role in driving the growth of the GRP piping market by offering innovative solutions, expanding their product portfolios, and investing in research and development. Some of the top companies like Saudi Arabian Amiantit Company and Future Pipe Industries have reported significant sales revenue with SAAC reporting sales revenue of over $2 billion in 2020.

Overall, these key players in the GRP piping market are focused on meeting the increasing demand for advanced piping solutions that offer cost-effective, sustainable, and high-performance benefits across various industries. Their expertise, technological capabilities, and market presence are instrumental in shaping the growth and development of the GRP piping market globally.

• Veplas d.d.
• Enduro Composites
• Harwal Group
• Graphite India
• Saudi Arabian Amiantit Company (SAAC)
• Sarplast SA
• Composite Pipes Industry (CPI)
• HOBAS
• Dubai Pipes Factory
• Fibrex
• Future Pipe Industries

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GRP (Glass Reinforced Plastic) Piping Market Analysis, by Type:

• Epoxy Piping
• Polyester Piping
• Vinyl Ester Piping

GRP piping is available in three main types: Epoxy, Polyester, and Vinyl Ester. Epoxy piping is known for its high chemical resistance, making it suitable for applications in harsh environments. Polyester piping is cost-effective and has good corrosion resistance. Vinyl Ester piping offers excellent chemical resistance and mechanical properties. These different types cater to a wide range of industry needs, boosting the demand for GRP piping in various sectors such as water treatment, oil and gas, and chemical processing. The versatility and durability of these GRP piping options make them a popular choice in the market.

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GRP (Glass Reinforced Plastic) Piping Market Analysis, by Application:

• Oil and Gas
• Chemicals
• Irrigation
• Water Supply
• Waste Water Treatment

GRP piping is widely used in industries such as oil and gas, chemicals, irrigation, water supply, and waste water treatment due to its corrosion resistance, low maintenance, and long lifespan. In oil and gas, GRP piping is used for transporting chemicals and hydrocarbons. In chemicals, it is used for handling corrosive substances. In irrigation, GRP piping is used for water distribution. In water supply, it is used for transporting clean water. In waste water treatment, GRP piping is used for conveying sewage and effluent. The fastest growing application segment in terms of revenue is the oil and gas industry due to increasing demand for pipelines and storage tanks.

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GRP (Glass Reinforced Plastic) Piping Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The GRP (Glass Reinforced Plastic) piping market is expected to witness significant growth in North America, with the United States and Canada leading the way. In Europe, Germany, France, the ., Italy, and Russia are expected to contribute to the market growth. Asia-Pacific is also expected to be a key market for GRP piping, with China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia driving growth. Latin America, Middle East, and Africa regions are also projected to see growth in the GRP piping market, with countries like Mexico, Brazil, Argentina, Colombia, Turkey, Saudi Arabia, UAE, and Korea playing a major role. Among these regions, Asia-Pacific is expected to dominate the market with a market share of around 40%, followed by North America with a market share of approximately 30%. Europe, Latin America, and Middle East & Africa are expected to have market shares of around 15%, 10%, and 5% respectively.

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