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GRP & GRE Pipe Industry Analysis Report: Its Market Size, Share, Trends by Application, Region, Competitive Strategies (2024 - 2031)

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The "GRP & GRE Pipe Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The GRP & GRE Pipe market is expected to grow annually by 12% (CAGR 2024 - 2031).

This entire report is of 158 pages.

GRP & GRE Pipe Introduction and its Market Analysis

The GRP & GRE Pipe market research reports analyze the current market conditions, trends, and drivers for revenue growth. GRP & GRE Pipes are made of glass reinforced polyester/resin and are used in various industries such as oil & gas, water treatment, and chemical processing. Major factors driving growth include increasing infrastructure development, demand for corrosion-resistant pipes, and cost-effectiveness. Key players in the market include FPI, NOV, AMIBLU, Farassan, Fibrex, Zhongfu, Hengrun Group, Abu Dhabi Pipe Factory, Shawcor, Enduro Composites, CPP, and Graphite India Limited. The report's findings highlight the market's potential growth opportunities and recommend strategies for companies to capitalize on them.

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GRP (Glass Reinforced Plastic) and GRE (Glass Reinforced Epoxy) pipes are gaining traction in various industries due to their superior strength, durability, and corrosion resistance. The market is segmented based on types like Polyester, Epoxy, and Others, with applications spanning across Oil and Gas, Municipal, Agricultural Irrigation, Industrial, and other sectors.

Regulatory and legal factors play a crucial role in shaping the market conditions for GRP & GRE pipes. Compliance with industry standards and regulations, such as ASTM, ASME, and API, is essential to ensure the quality and performance of these pipes in different applications. In addition, environmental regulations regarding the use and disposal of these materials also impact the market dynamics.

Overall, the GRP & GRE pipe market is poised for steady growth as industries increasingly prioritize the use of high-performance and cost-effective piping solutions. With continuous innovations in material technology and manufacturing processes, these pipes are expected to revolutionize various sectors, providing efficient and reliable solutions for complex piping requirements.

Top Featured Companies Dominating the Global GRP & GRE Pipe Market

The GRP & GRE pipe market is highly competitive with key players such as Future Pipe Industries (FPI), National Oilwell Varco (NOV), AMIBLU, Farassan, Fibrex, Lianyungang Zhongfu, Hengrun Group, Abu Dhabi Pipe Factory, Shawcor (ZCL Composites Inc), Enduro Composites, Chemical Process Piping (CPP), and Graphite India Limited. These companies offer a wide range of GRP & GRE pipes for various applications such as oil & gas, water & wastewater, chemical processing, and infrastructure.

Future Pipe Industries (FPI) is one of the leading players in the GRP & GRE pipe market, offering innovative solutions for pipe infrastructure. National Oilwell Varco (NOV) is another major player, known for its high-quality composite pipes for oil & gas applications. AMIBLU, a joint venture between Amiantit and Hobas, provides sustainable solutions for water & wastewater projects.

Farassan, Fibrex, and Lianyungang Zhongfu are prominent manufacturers of GRP & GRE pipes catering to the construction and infrastructure sectors. Hengrun Group and Abu Dhabi Pipe Factory specialize in high-performance composite pipes for oil & gas exploration and production. Shawcor (ZCL Composites Inc), Enduro Composites, Chemical Process Piping (CPP), and Graphite India Limited offer a wide range of GRP & GRE pipes for various industries.

These companies play a crucial role in driving the growth of the GRP & GRE pipe market by developing advanced products, expanding their distribution network, and offering customized solutions to meet the specific requirements of their customers. In terms of sales revenue, Future Pipe Industries (FPI) reported a revenue of over $1 billion in 2020, while National Oilwell Varco (NOV) generated revenue of approximately $8 billion in the same year. These figures highlight the significant market presence and financial performance of key players in the GRP & GRE pipe market.

  • Future Pipe Industries (FPI)
  • National Oilwell Varco (NOV)
  • AMIBLU
  • Farassan
  • Fibrex
  • Lianyungang Zhongfu
  • Hengrun Group
  • Abu Dhabi Pipe Factory
  • Shawcor (ZCL Composites Inc)
  • Enduro Composites
  • Chemical Process Piping (CPP)
  • Graphite India Limited

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GRP & GRE Pipe Market Analysis, by Type:

  • Polyester
  • Epoxy
  • Others

GRP and GRE pipes are commonly made from different types of resins such as polyester, epoxy, and other types of specialty resins. Polyester resins are cost-effective and widely used for general applications, while epoxy resins offer superior resistance to harsh chemicals and high temperatures. Other specialty resins are utilized for specific requirements such as fire resistance or increased flexibility. The use of these different types of resins allows GRP and GRE pipes to cater to a wide range of industries and applications, thereby boosting the demand for these pipes in the market.

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GRP & GRE Pipe Market Analysis, by Application:

  • Oil and Gas
  • Municipal
  • Agricultural Irrigation
  • Industrial
  • Other Applications

GRP & GRE pipes are widely used in various applications including oil and gas, municipal water, agricultural irrigation, industrial processes, and others. In the oil and gas industry, they are used for transporting fluids and chemicals, while in municipal and agricultural sectors, they are used for water distribution and irrigation systems. In industrial applications, GRP & GRE pipes are utilized for conveying corrosive fluids and gases. The fastest growing application segment in terms of revenue is the oil and gas industry, as the demand for reliable and durable pipe solutions for oil and gas transportation continues to increase globally.

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GRP & GRE Pipe 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 & GRE Pipe market is expected to experience significant growth in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. North America and Europe are anticipated to dominate the market, with a market share percent valuation of around 30% and 25% respectively. The Asia-Pacific region is also expected to witness substantial growth, with China, Japan, and India leading the market. Latin America and the Middle East & Africa regions are expected to have a market share percent valuation of approximately 20% and 15% respectively. Overall, the global GRP & GRE Pipe market is projected to experience steady growth across all regions.

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