The Glass Reinforced Plastics (GRP) Pipes Global Market Report 2023 by The Business Research Company, provides glass reinforced plastics (GRP) pipes market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Glass Reinforced Plastics (GRP) Pipes Global Market Report 2023, the global glass reinforced plastics (GRP) pipes market size is expected to grow from $4.84 billion in 2022 to $5.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the glass reinforced plastics (GRP) pipes market is expected to grow to $6.55 billion in 2027 at a CAGR of 5.7%.
The increasing demand for oil and natural gas is expected to propel the glass-reinforced plastic pipes market. Oil and natural gas are used as energy resources that are derived from fossil fuels formed from the underground decomposition of prehistoric organisms several to tens of millions of years. The glass-reinforced plastic pipes are used to transport natural gas and crude oil from wellheads to refineries.
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The glass reinforced plastics (GRP) pipes market is segmented:
1) By Resin: Epoxy, Polyester, Vinyl Ester, Other Resins
2) By Application: Water Treatment, Sewage Piping, Oil And Gas Pipes, Chemical Processing, Pumping Systems, Marine And Offshore, Other Applications.
3) By End-Use Industry: Chemical Industry, Oil And Gas Industry, Construction Industry, Waste Water, Other End-Users
Technological advancements are gaining popularity in the glass-reinforced plastic pipes market. The market players are concentrating their efforts on developing new technology, such as the use of an automated tape-layered machine (ATL) for joining the GRP pipes. For instance, in March 2020, according to an article published in World Scientific Publishing, a Singapore-based academic publisher, a new method is developed for joining the GRP pipes. This method involves the use of an automated process that includes using robots and has benefits such as rapid processing, reduction of manpower, and safety. The machine is an automated tape-layered machine (ATL) to improve the bonding process inside the GRP pipes.
The glass reinforced plastics (GRP) pipes market report table of contents includes:
1. Executive Summary
2. Glass Reinforced Plastics (GRP) Pipes Market Characteristics
3. Glass Reinforced Plastics (GRP) Pipes Market Trends And Strategies
4. Glass Reinforced Plastics (GRP) Pipes Market – Macro Economic Scenario
5. COVID-19 Impact On Glass Reinforced Plastics (GRP) Pipes Market
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26. Africa Glass Reinforced Plastics (GRP) Pipes Market
27. Glass Reinforced Plastics (GRP) Pipes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glass Reinforced Plastics (GRP) Pipes Market
29. Glass Reinforced Plastics (GRP) Pipes Market Future Outlook and Potential Analysis
30. Appendix
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