FRP Pipe Market Size, Share, Trends, Growth 2032

FRP Pipe Market: Size

The Global FRP pipe market size was worth around USD 4.28 billion in 2023 and is estimated to grow to about USD 6.90 billion by 2032, with a compound annual growth rate (CAGR) of approximately 5.45% over the forecast period.

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The study includes drivers and restraints for the FRP pipe market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the FRP pipe market on a global level.

FRP Pipe Market: Overview

FRP pipe consists of Fiberglass Reinforced Plastic (FRP) material which includes fiberglass and thermosetting resins. The blend of glass fibers and resin is used to produce FRP products. The resin provides chemical and environment resistance to the product and it is binder for the glass fiber in the structural laminate. FRP is a composite material which is made up of polymer matrix and it is reinforced with fibers.

The polymer includes epoxy, vinyl ester, or polyester thermosetting plastic. FRPs are mostly used in various industrial sector such as construction, aerospace, marine, and automotive.

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Rising demand for FRP pipe from various construction activities and industrial sector is one of the major factor expected to drive industry growth over the forecast period. Moreover, rising construction of sewage treatment facilities, water supply systems, and increasing oil and gas activities particularly shale gas exploration are expected to further drive FRP pipe market growth over the forecast timeline.

FRP pipe consists of superior mechanical properties such as anti-corrosion, longer lifespans, and low conductivity, thus it is mostly preferred in chemical, oil & gas, pulp & paper, retail fuel, marine, water & wastewater sewage and offshore industries. Currently, FRP pipes are used in several sectors and it is continuously replacing conventional metal and PVC pipes.

FRP Pipe Market : Report Scope

Furthermore, introduction of onsite FRP pipe manufacturing facilities and development of corrugated coupling method in order to join FRP pipe are some of the emerging trends observed in the industry. Such factors are expected to provide potential growth opportunities for FRP pipe market in the coming years.

FRP Pipe Market: Regional Insights

Asia-Pacific accounted for significant market share in 2018 in global FRP pipe market. The growth is attributed to rising investment from various manufacturers for the development for FRP pipes in the region. North America accounted for substantial revenue share in 2018. Rising construction activities is the major factor which is expected to positively impact FRP pipe market growth in the region.

FRP Pipe Market: Competitive Analysis

The global FRP pipe market is led by players like:

• HengRun Group Co. Ltd
• Sekisui Chemicals
• Chemical Process Piping Pvt. Ltd
• Hobas
• Ershing Inc
• China National Building Material Company Limited
• Sarplast SA
• Amiantit Company
• Future Pipe Industries
• National Oilwell Varco

This report segments the global FRP pipe market into:

Global FRP Pipe Market: Process Segment Analysis

• Centrifugal Casting
• Filament Winding
• Pultrusion
• Others

Global FRP Pipe Market: Type Segment Analysis

• Polyester
• Polyurethane
• Epoxy
• Others

Global FRP Pipe Market: Application Segment Analysis

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

Global FRP Pipe Market: Regional Segment Analysis 

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa