Glass Fiber Reinforced Plastic (GRP) Piping Systems Market Analysis Report By Material, By Product And Segment Forecasts From 2019 To 2025

Industry Insights

The global glass fiber reinforced plastic (GRP) piping systems market size was accounted for USD 1.69 billion, in 2017. It is anticipated to register a CAGR of 5.5% over the forecast period. Rising adoption across offshore and onshore oilfields is projected to propel the demand for GRP piping products.

Application of GRP piping products/systems across the gas and oil industry for crude oil transmission, gas transmission lines, subsea piping systems, exploration, offshore platform piping systems, refinery piping systems, flow lines, floating production storage, and injection lines for water and gas has gained significant popularity which is anticipated to propel the product demand over the forecast period. Moreover, increasing production of hydrocarbons and exploration activities are anticipated to further boost the product demand over the forecast period.

The rising number of reserves for gas and oil across the globe and rising production of crude oil across North America and the Middle East & Africa are the factors projected to contribute to the market growth. However, there are stringent regulations and policies regarding the usage of these piping systems across the automobile and construction sectors.

Compounds such as rayon, soda ash, silica sand, polyacrylonitrile fibers, and pitch resins are major raw materials used in manufacturing GRP piping products. However, the price of the end-product is not constant owing to variation in prices of the aforementioned materials. This is anticipated to affect the market growth over the forecast period. 

Material Insights

The segment of polyester resin is projected to attain a steady growth at a CAGR of 5.0% over the forecast period owing to its properties such as corrosion resistance, durability, and high strength. Moreover, elbows, pipes, reducers, and tees are manufactured using polyester with other materials such as chopped fibers, catalysts, and reinforcing agents.

Vinylester resin can sustain high temperature and are resistant to corrosive chemicals. Additionally, they are more affordable than polyester resin which is thereby expected to increase their popularity among the consumer segment. Moreover, this resin is highly preferred for manufacturing GRP pipes which enables easy transmission of gas and oil owing to its fire retardant property. These factors are projected to drive the market growth over the forecast period.

The segment of epoxy GRP piping systems is gaining high popularity owing to its corrosion-resistant, abrasion-resistant, and low friction properties. Moreover, these resins offer high insulation to gas and oil transportation systems to enable high capacity transmission.

One of the most widely used resins in manufacturing GRP piping products is thermoplastic which includes polymers such as polyethylene, polypropylene, and polyvinylchloride. All these segments have wide application across desalination plants and gas and oil refineries owing to the exceptional structure and stability provided by these materials.

Product Insights

By product, the GRP piping systems market is segmented into blinds, tees, elbows, pipes, nozzles, and reducers. Properties such as corrosion-resistant, abrasion-resistant, durability, high capacity loading, and high strength are projected to propel the demand for GRP piping products over other products generally made of various polymers and metals.

In 2017, the segment of pipes held the largest market share of more than 76.2% owing to its anti-corrosive property. This segment is expected to witness huge demand among the desalination plants and gas and oil refineries across the globe owing to the rising need for corrosion-resistant pipes. This factor is anticipated to fuel the growth of the segment over the forecast period.

GRP blinds can sustain high temperatures, turbulences, and pressure and are highly durable. Moreover, they possess fire retardant property which thereby makes them highly suitable for transporting combustible fluids in gas and oil refineries.

GRP nozzles possess properties such as pressure-resistant, anti-corrosive, leak-tight, and abrasion-resistant. Cold tapping is one of the most common methods for installing these nozzles. Further, glass fiber reinforced plastics reducers can sustain high temperatures and pressures and are resistant to UV radiations. These properties are expected to propel the segment’s growth over the forecast period.

Regional Insights

In 2017, North America held the largest market share of 23.2% across the global GRP piping systems market owing to rising onshore production of crude oil in the region. Moreover, chemical plants and water treatment plants are present in North America in a large number which is anticipated to further propel the growth of the regional market over the forecast period.

European countries including U.K. and Germany are exporting a high amount of natural gas which is projected to fuel the demand for epoxy GRP piping systems in the region over the forecast period. Furthermore, the rising number of end-user sectors such as construction, water treatment, automotive, and gas and oil in Central & South American countries like Argentine and Brazil is anticipated to drive the regional market over the forecast period.

The market for GRP piping systems in the Middle East and Africa is majorly dominated by the processing and export of gas and oil in the Middle Eastern nations and the deeply rooted irrigation industry in African countries. Moreover, the rising need for oilfield services on account of reducing the cost of the waste disposal process is anticipated to propel the demand for GRP piping systems in the region.

Glass Fiber Reinforced Plastic (GRP) Piping Systems Market Share Insights

Leading players in the market include Saudi Arabian Amiantit Co., HOBAS, Plasticon Composites, STEULER-KCH GmbH, Protecciones Plásticas S.A. (Protesa),PPG Industries, Inc., FIBREX, Abu Dhabi Pipe Factory (ADPF), and Hedley Industrial Group. These players are focusing on developing new products to expand their market share and product portfolio. The market is highly competitive in nature owing to the presence of key players targeting niche market segments.

Moreover, manufacturers are focusing on strategic initiatives such as joint ventures, partnerships, collaborations, new product launches, and agreements to enhance their global reach and to cope up with emerging technological advancements. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2013 to 2025. For the purpose of this study, Million Insights has segmented the global glass fiber reinforced plastic (GRP) piping systems market report based on material, product, and region:

• Material Outlook (Revenue, USD Million, 2013 - 2025)
    • Polyester
    • Vinylester
    • Epoxy

• Product Outlook (Revenue, USD Million, 2013 - 2025)
    • Pipes
    • Blinds
    • Elbows
    • Nozzles
    • Reducers
    • Tees

• Regional Outlook (Revenue, USD Million, 2013 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • Russia
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa