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GRP (Glassfiber Reinforced Plastic) pipe is based on polymer matrix reinforced with fibers. These pipes are made up of two or more differnet materials, which provides GRP pipe superior strength. Various resins can be used depending upon the application needs. GRP pipes are anti-corrosive, light weight and also superior in strength which has lead its growth over the years. Moreover, these are easy to install and also offer extended lifespan.
The rapid urbanization and rising incomes of middle class has resulted in increased use of abrasive chemicals in household cleaning and other day to day activities. As a result traditional iron and concrete pipes are exposed to heavy corrosion and need to be replaced more frequently. Whereas, GRP pipe offer superior resistance to corrosion and moisture in soil, thus increasing the overall lifespan of water and sewage transmission pipelines.
Key Market Driver -
Corrosion free nature of GRP pipes promotes its healthy adoption in water transmission
Key Market Restraint -
Relatively high cost of GRP pipes act as major growth hindrance.
However, GRP Pipes are relatively expensive and laying cost in civil projects is also high which restricts the market expansion in developing regions, which are potential market drivers.
Based on application, the market for GRP pipe is segmented into chemicals and oil & gas industrial, sewage, irrigation & drinking water transmission, energy & power and others
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global GRP Pipe market is highly fragmented, with number of players operating in the global markets. Some of the key players in the GRP Pipe market include, Amiblu Holding GmbH, FIBREX, Dubai Pipes Factory Co., Sarplast SA, Graphite India Limited, Chemical Process Piping Pvt. Ltd., Plasticon Composites, Abu Dhabi Pipe Factory, Harwal Group, Saudi Arabian Amiantit Company, China National Building Material Company (CNBM), iMPREG Group, and others.
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The GRP pipe market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Developed regions such as Europe and North America account for significant share in the global market due to high penetration of GRP pipe in market and heavy manufacturing capabilities. Further, the electricity needs is steadily increasing in developed countries such as US, Canada, UK, Germany, France and others, which is expected to increase the consumption of GRP pipes in hydroelectric and other power plant projects. Asia-Pacific is expected to grow rapidly in the market on the back of develpoments in developing countries such as China, India, Taiwan, Vietnam, and others. Japan and South Korea consume significant quanitities of GRP pipe in the Asia-Pacific region, however, the market growth is expected to be modest over the forecast period. In countries like India, many civil projects and hydroelectric power plant projects are being under construction and many have been sanctioned. This is expected to rapidly increase the demand for GRP pipes in the region. Middle East and Africa region is also expected to witness healthy growth on the back of increasing number of desalination projects as well as demand from the petrochemical companies. GCC countries greatly dominate the demand in the Middle East & Africa region. As per MENA (Middle East and North Africa) Desalination Projects Conference, Saudi Arabia alone is determined to triple its desalination capacity by 2025. Latin America is also expected to witness moderate growth over the forecast period owing to civil developments in developing countries of the region. However, high cost of GRP pipe and economic instability in the region is likely to hinder the market growth in the upcoming years.
GRP Pipe Industry Developments
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