The Business Research Company’s report on the Glass Reinforced Plastics (GRP) Pipes Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the glass reinforced plastics (grp) pipes market’s growth in recent years?
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. For instance, according to India Brand Equity Foundation (IBEF), an India-based government export promotion agency, in India, the oil demand is expected to register double growth to reach 11 million barrels per day by 2045. Therefore, the increasing demand for oil and natural gas is driving the growth of the glass-reinforced plastic pipe market.
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How does the future projection of the glass reinforced plastics (grp) pipes market size compare to its historical growth?
The glass reinforced plastics (GRP) pipes market size has grown strongly in recent years. It will grow from $5.48 billion in 2024 to $5.86 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to market awareness and acceptance, regulatory standards, oil and gas industry demand, infrastructure development, water and wastewater applications.
The glass reinforced plastics (GRP) pipes market size is expected to see strong growth in the next few years. It will grow to $7.68 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to healthcare infrastructure growth, market expansion in developing region, renewable energy infrastructure, urbanization needs. Major trends in the forecast period include corrosion resistance, sustainable and eco-friendly solutions, advanced manufacturing techniques, smart infrastructure integration, innovation in material development.
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Which key players are shaping the future of the glass reinforced plastics (grp) pipes market?
Major companies operating in the glass reinforced plastics (GRP) pipes market are Amiblu Holding GmbH, Composite Pipes Industry, Enduro Composites Inc., Fibrex Corporation, Future Pipe Industries, Advanced Composites Inc., Reliance Industries Ltd., Nippon Electric Glass Co. Ltd., Mitsubishi Chemical Corporation, Aegion Corporation, Toray Industries Inc., Asahi Fibreglass Company, Jushi Group Co. Ltd., Taishan Fiberglass Inc., AGY Holding Corp, China Beihai Fiberglass Co. Ltd., Chongqing Polycomp International Corp., Fiber-Tech Industries Inc., Fiberglass Coatings Inc., Fibrelite Composite Structures Ltd., Glasforms Inc., Glasteel Inc., Hanwha Advanced Materials Corporation, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
What trends will propel the growth and evolution of the glass reinforced plastics (grp) pipes market?
Major companies operating in the glass-reinforced plastic pipes market are focused on adopting strategic partnerships to enhance their product offerings and improve supply chain efficiencies. Strategic partnerships refer to collaborative agreements between two or more companies to achieve specific objectives while remaining independent organizations. This partnership seeks to enhance the accessibility of biogas technology and boost the efficiency of constructing and operating biogas plants. For instance, in November 2023, Antec, Inc. a US-based company, partnered with AMIBLU Holding GmbH an Austria-based company, The partnership with Amiblu, a manufacturer of glass-reinforced plastic (GRP) pipes, allows Antec to leverage a more efficient supply chain. This access is crucial for producing digesters faster and at a lower cost, which can significantly reduce the time and resources needed for plant construction.
Which regions are expected to become dominant players in the glass reinforced plastics (grp) pipes market?
Asia-Pacific was the largest region in the glass reinforced plastics market in 2024. The regions covered in the glass reinforced plastics (grp) pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the glass reinforced plastics (grp) pipes market, and how are they evolving?
The glass reinforced plastics (GRP) pipes market covered in this report 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
Subsegments:
1) By Epoxy: Standard Epoxy Resins, Modified Epoxy Resins
2) By Polyester: Unsaturated Polyester Resins, Orthophthalic Polyester Resins, Isophthalic Polyester Resins
3) By Vinyl Ester: Bisphenol A Vinyl Ester, Novolac Vinyl Ester
4) By Other Resins: Phenolic Resins, Thermoplastic Resins, Other Specialty Resins
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How is the glass reinforced plastics (grp) pipes market defined, and what are its core characteristics?
Glass-reinforced plastic pipe refers to a type of composite pipe that is made up of a thermosetting resin matrix and glass fiber reinforcement. The reinforcement adds strength and stiffness to the pipes, while the matrix protects the fibers from damage. The glass-reinforced plastics (GRP) pipes are used in sewer systems, drainage pipes, potable water lines, industrial pipe systems, and so on.
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