Global FRP/GRP/GRE Pipe Market, June 2021 Report On Size 2021 Share, Growth By Top Company, Business Opportunity, Regional Analysis, Application, Driver, Trends and Forecasts By 2030

In a recently published report, Global FRP/GRP/GRE Pipe Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global FRP/GRP/GRE Pipe Market products.

Get Sample Reports Here – https://www.kennethresearch.com/sample-request-10265628

It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global FRP/GRP/GRE Pipe Market is valued approximately USD 3531.39 million in 2018 and is anticipated to grow with a healthy growth rate of more than 4.10% over the forecast period 2019-2026. FRP/GRP/GRE Pipes find application in sewage and portable water transportation pipes, desalination, oil exploration, fire mains, chemical plants, dredging, petrochemical and marine industries. The growing infrastructure development in emerging economies is expected to drive the FRP/GRP/GRE pipe market growth. Further, rising demand for non-corrosive pipes in oil and gas industry for offshore application is also boosting the market growth. For instance, in December 2018, the government of India initiated a fund of USD 9.8 billion to spread gas pipelines across the country and to expand gas network to Myanmar through Bangladesh. The ageing of buildings in urban areas is resulting in the increase in expenditure in repair and maintenance of buildings thus generating demand for easy installation and least maintenance pipes. FRP/GRP/GRE pipe will see a significant rise in the market size owing to the aforementioned factors. Moreover, increasing demand of pipes from emerging economies is a major factor likely to create lucrative growth opportunity to the market in the upcoming years. For instance, a mega city project in Saudi Arabia named ‘Neom’ was announced in October 2017 with an estimated investment of USD 500 billion located in the desert bordering the Red sea. However, the high cost of setting up large scale manufacturing units is expected to hinder the growth of the FRP/GRP/GRE pipe market over the forecast period.

The regional analysis of global FRP/GRP/GRE Pipe Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the increasing demand of FRP pipes from emerging economies like India and China. Also, the increasing government spending on infrastructural projects is contributing to the growth of market in Asia- Pacific region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026.

Major market player included in this report are:
National Oilwell Varco (Nov)
Saudi Arabian Amiantit Co
ZCL Composites
Future Pipe Industries
The Hobas Group
Graphite India Limited
Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd (LzFRP)
Abu Dhabi Pipe Factory
Hengrun Group Co., Ltd
Enduro Composites Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Fiber Type:
Glassfiber
Carbon Fiber

By Resin Type:
Polyester
Epoxy
Vinyl-Ester
Others

By End-Use Industry:
Oil & Gas
Sewage
Chemical
Irrigation
Other End-Use Industries

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global FRP/GRP/GRE Pipe Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Download Sample Reports Here – https://www.kennethresearch.com/sample-request-10265628

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Global Dosing Systems Market
Global Polyetheramine Market
Global Rubber Additives Market
Global Antibacterial Coating Market
Global Hot Melt Adhesives (HMA) Market

Share your love
Christophe Rude

Christophe Rude

Articles: 15888

Leave a Reply

Your email address will not be published. Required fields are marked *