European FRP pipe market has been recording the second highest revenue share till now, led by increase in construction activities

The FRP pipe market size is set to cross $3.7 billion by 2023, growing at a CAGR of 8.4% between 2017-2023. Rising demand for low cost piping solution and increase in demand for FRP pipe in oil and gas industry are the two main driving forces of the market.

In terms of type, the FRP pipe market is segmented into polyester, polyurethane, epoxy and others. Epoxy has been the largest type till now, due to its several benefits such as low cost and wide scope of application.

In terms of the process, the FRP pipe market is segmented into centrifugal casting, filament winding, pultrusion and others. Of these, filament winding has been the largest category till now and it is expected to remain the most dominant process throughout the forecast period.

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Europe is estimated to account for the second highest revenue share in the market during 2017-2023. The growth of the European market is driven by factors such as increase in consumption of FRP pipe in industrial sector due to growth in the manufacturing sector of Germany owing to comparatively stable economic outlook. According to a report published in Industry Week, Purchasing Managers’ Index (PMI) for factories in Germany showed an upward movement of 1.2 units during the second quarter of 2017. PMI is used for measuring health of manufacturing sector. In addition, strong penetration of water and waste water treatment industry in most of the European countries has created growth opportunity for FRP pipe market. For example, according to data published by The European Environment Agency (EEA), population connected to waste water treatment plants in northern European countries was more than 80% in 2015.

In micro-tunneling, the FRP pipe is hydraulically jacked and pushes the cutter head through the substrate. It takes hundreds of tons of jacking pressure to push large diameter piping distances of hundreds of feet. In the past, stainless steel sleeves are used as reinforcement around concrete pipe joints to withstand hydraulic jacking pressures. However, now-a-days FRP sleeve joints are proving to be one of the cost-effective replacement for stainless steel used in concrete pipe jacking. FRP pipe and joint systems are proving to be more cost effective than their concrete counterpart because of the smoother outside surface and lighter weight. These features significantly reduce the jacking pressure required and permit jacking longer runs than concrete, reducing installation costs and time. 

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Underground steel piping requires cathodic protection systems and its inherent periodic testing requirement. Therefore, a cost-effective alternative to underground steel piping and cathodic protection is FRP pipe consistent with UL Listed diameters. All these factors, are expected to drive the growth of FRP pipe market during the forecast period.

Some of the major players operating in the FRP pipe market are Saudi Arabian Amiantit Company, Chemical Process Piping Pvt. Ltd., China National Building Material Company Limited, Ershigs Inc., Future Pipes Industries L.L.C., Hengrun Group Co. Ltd., HOBAS, National Oilwell Varco Inc., and Sekisui Chemical Co. Ltd., Sarplast SA.

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