FRP Pipe Market By Type Polyester, Epoxy, Polyurethane and Other Types , Process Pultrusion, Centrifugal Casting, Filament Winding and Other Process and Application Power Generation, Water and Wastewater, Oil and Gas, Chemical and Industrial and Other Applications – Global Industry Analysis And Forecast To 2025
Industry Outlook
The FRP material comprises of the fiberglass and thermosetting resins. The mix of glass and resin fibers that makes the primary element of the FRP items. The Fiberglass Reinforced Plastics or FRP is the best choice of material utilized for the development of apparatus, piping systems, chemical storage tanks and different kinds process gears for the industries. The properties of FRP material beat numerous regular materials, for example, steel with regards to corrosion and chemical resistance. The small time maintenance and the long item life, which is the thing that very much designed FRP gears guarantee. Therefore, the FRP Pipe Market is anticipated to expand and has tremendous scope during the forecast period. The global FRP Pipe Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Drivers and Restrains
Based on Type the market is segmented into Polyester, Epoxy, Polyurethane and Other Types.
Based on Process the market is segmented into Pultrusion, Centrifugal Casting, Filament Winding and Other Process. The filament winding section is leading the market and is seen to lead the market during the foreseen timespan.
Based on Application the market is segmented Power Generation, Water and Wastewater, Oil and Gas, Chemical and Industrial and Other Applications. The Oil and Gas section is leading the market owing to increasing disposable income, rising demand for the pipes resistive to corrosion, reduction in the cost of these pipes, technical development in the field of oil extraction, etc.
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Regional Insights
The Asia Pacific region is leading the global FRP Pipe Market due to overall economic development in this region and increasing investment by the market players.
FRP Pipe Market,
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
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Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Sarplast SA
Chemical Process Piping Pvt. Ltd.
National Oilwell Varco
Amiantit Company
Future Pipe Industries
Hobas
China National Building Material Company Limited
HengRun Group Co. Ltd.
Sekisui Chemicals
Ershing Inc.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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