Glass Fiber Reinforced Plastic Piping Market
Glass Fiber Reinforced Plastic Piping Market Forecasts to 2030 - Global Analysis By Product Type (Pipes, Tees, Blinds, Reducers,Elbows, Nozzles and Other Product Types), Pipe Type, Resin Type, Application, End User and By Geography
According to Stratistics MRC, the Global Glass Fiber Reinforced Plastic Piping Systems Market is accounted for $4.1 billion in 2024 and is expected to reach $5.9 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Glass Fiber Reinforced Plastic (GFRP) piping systems are a type of composite material made from a polymer matrix reinforced with glass fibers. These pipes combine the strength of glass fibers with the corrosion resistance of plastic, making them ideal for transporting aggressive chemicals, water, and other fluids in industries like chemical processing, water treatment, and oil & gas. GFRP piping systems are lightweight, durable, and resistant to chemical degradation, offering long service life with minimal maintenance. They are often used in environments where traditional metal piping may corrode or fail.
Market Dynamics:
Driver:
Increasing demand for lightweight and durable solutions
The market is experiencing growing demand due to their lightweight, durable, and corrosion-resistant properties. These characteristics make GFRP pipes ideal for industries like oil and gas, water treatment, and chemicals, where reliability and cost-efficiency are crucial. As industries seek to reduce maintenance costs and extend the lifespan of infrastructure, the demand for GFRP solutions continues to rise, particularly in regions with aggressive environmental conditions.
Restraint:
Limited awareness
Limited awareness about the benefits of poses a challenge in expanding the market. Many industries still rely on traditional materials like steel and PVC due to lack of familiarity with GFRP's advantages, such as corrosion resistance, lightweight nature, and long-term durability. Additionally, misconceptions about its cost-effectiveness and maintenance requirements further hinder adoption. Overcoming these awareness gaps through education, industry demonstrations, and targeted marketing can help drive growth in the market.
Opportunity:
Urbanization and infrastructure development
Urbanization and rapid infrastructure development are significantly boosting the market. As cities grow, there is an increasing need for efficient, durable, and cost-effective piping solutions for water distribution, sewage, and industrial applications. GFRP pipes, known for their corrosion resistance, lightweight properties, and long lifespan, are becoming the preferred choice in modern construction. The expansion of smart cities and infrastructure projects further accelerates the demand for GFRP systems, driving market growth globally.
Threat:
Fluctuating raw material prices
Fluctuating raw material prices are a significant challenge in the market. The cost of key materials, such as fiberglass and resins, can vary due to factors like supply chain disruptions, geopolitical tensions, and changing demand. These price fluctuations can impact the overall production costs of GFRP pipes, potentially leading to higher prices for end users. Manufacturers must adapt by optimizing production processes or exploring alternative sourcing strategies to maintain market competitiveness.
Covid-19 Impact:
The COVID-19 pandemic disrupted the Glass Fiber Reinforced Plastic (GFRP) piping systems market by causing supply chain delays, reducing manufacturing output, and delaying construction projects. Economic uncertainty led to postponed infrastructure developments, impacting demand. However, the pandemic also highlighted the need for more resilient and sustainable materials, which could drive future growth in the GFRP market as industries seek long-term solutions for water and waste management systems.
The elbows segment is projected to be the largest during the forecast period
The elbows segment is projected to account for the largest market share during the projection period. They are essential components used to change the direction of piping in various applications. Known for their lightweight, corrosion-resistant properties, GFRP elbows offer durability and longevity, reducing maintenance needs. They are increasingly preferred in modern infrastructure projects due to their ability to withstand harsh environmental conditions, making them a key element in the growing market.
The corrosion resistance segment is expected to have the highest CAGR during the forecast period
The corrosion resistance segment is expected to have the highest CAGR during the extrapolated period driving their growth in industries like water treatment, sewage, and chemical processing. Unlike traditional materials such as steel or PVC, GFRP pipes do not corrode when exposed to harsh chemicals, water, or environmental factors. This durability leads to lower maintenance costs and longer lifespans, making GFRP an ideal solution for infrastructure projects in corrosive environments, boosting its market demand.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by increasing demand for corrosion-resistant, lightweight, and durable piping solutions. Industries such as water treatment, oil and gas, and construction are adopting GFRP pipes for their superior performance in harsh conditions. Additionally, the push for sustainable infrastructure and environmental regulations in the region is further boosting the adoption of GFRP systems in various industrial applications.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. The oil and gas sector is a major consumer of GRP piping systems due to their resistance to corrosion and ability to withstand high pressures. This sector is expected to maintain a significant share of the market, with applications in crude oil transportation, refinery systems, and offshore platforms. The need for efficient irrigation systems in agriculture is driving the adoption of GRP pipes, particularly in countries with large agricultural sectors like India and China.
Key players in the market
Some of the key players in Glass Fiber Reinforced Plastic Piping Systems market include BASF SE, China National Petroleum Corporation (CNPC), Plasticon Composites, PPG Industries, Inc., Reliance Industries, Hedley Industrial Group, Hexcel Corporation, Toray Resins GmbH, Hengrun Group Co., Ltd., Solvay S.A., Ibrahim Basyuni & Sons Ltd., Saudi Arabian Amiantit Co., Siemens AG, SABIC and Ashland Inc.
Key Developments:
In October 2023, Borealis announced the launch of Borcycle GD3600SY, a glass-fiber reinforced polypropylene (PP) compound featuring 65% post-consumer recycled (PCR) content. Initially utilized in automotive interiors, this innovative material contains 30% glass fibers, enhancing its strength and sustainability.
In June 2023, Toray Resins Europe GmbH (a subsidiary of Toray Industries) introduced a recycling procedure for glass fiber-reinforced polyphenylene sulfide (PPS) resin waste.
Product Types Covered:
• Pipes
• Tees
• Blinds
• Reducers
• Elbows
• Nozzles
• Other Product Types
Pipe Types Covered:
• Filament Wound Pipes
• Contact Molded Pipes
• Pultruded Pipes
Resin Types Covered:
• Unsaturated Polyester Resin (UPR)
• Vinyl Ester Resin
• Epoxy Resin
• Phenolic Resin
• Other Resin Types
Applications Covered:
• Municipal Water Supply
• Corrosion Resistance
• Chemical Reaction Vessels
• Cooling Systems
• Offshore Oil Platforms
• Other Applications
End Users Covered:
• Industrial
• Agriculture
• Marine
• Power Generation
• Chemical Processing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Product Type
5.1 Introduction
5.2 Pipes
5.3 Tees
5.4 Blinds
5.5 Reducers
5.6 Elbows
5.7 Nozzles
5.8 Other Product Types
6 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Pipe Type
6.1 Introduction
6.2 Filament Wound Pipes
6.3 Contact Molded Pipes
6.4 Pultruded Pipes
7 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Resin Type
7.1 Introduction
7.2 Unsaturated Polyester Resin (UPR)
7.3 Vinyl Ester Resin
7.4 Epoxy Resin
7.5 Phenolic Resin
7.6 Other Resin Types
8 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Application
8.1 Introduction
8.2 Municipal Water Supply
8.3 Corrosion Resistance
8.4 Chemical Reaction Vessels
8.5 Cooling Systems
8.6 Offshore Oil Platforms
8.7 Other Applications
9 Global Glass Fiber Reinforced Plastic Piping Systems Market, By End User
9.1 Introduction
9.2 Industrial
9.3 Agriculture
9.4 Marine
9.5 Power Generation
9.6 Chemical Processing
9.7 Other End Users
10 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 China National Petroleum Corporation (CNPC)
12.3 Plasticon Composites
12.4 PPG Industries, Inc.
12.5 Reliance Industries
12.6 Hedley Industrial Group
12.7 Hexcel Corporation
12.8 Toray Resins GmbH
12.9 Hengrun Group Co., Ltd.
12.10 Solvay S.A.
12.11 Ibrahim Basyuni & Sons Ltd.
12.12 Saudi Arabian Amiantit Co.
12.13 Siemens AG
12.14 SABIC
12.15 Ashland Inc.
List of Tables
1 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Product Type
(2022-2030) ($MN)
3 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Pipes (2022-2030) ($MN)
4 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Tees (2022-2030) ($MN)
5 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Blinds (2022-2030) ($MN)
6 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Reducers (2022-2030) ($MN)
7 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Elbows (2022-2030) ($MN)
8 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Nozzles (2022-2030) ($MN)
9 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Other Product Types (2022-2030) ($MN)
10 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Pipe Type (2022-2030) ($MN)
11 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Filament Wound Pipes (2022-2030) ($MN)
12 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Contact Molded Pipes (2022-2030) ($MN)
13 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Pultruded Pipes (2022-2030) ($MN)
14 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Resin Type
(2022-2030) ($MN)
15 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Unsaturated Polyester Resin (UPR) (2022-2030) ($MN)
16 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Vinyl Ester Resin (2022-2030) ($MN)
17 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Epoxy Resin (2022-2030) ($MN)
18 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Phenolic Resin (2022-2030) ($MN)
19 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Other Resin Types (2022-2030) ($MN)
20 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Application (2022-2030) ($MN)
21 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Municipal Water Supply (2022-2030) ($MN)
22 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Corrosion Resistance (2022-2030) ($MN)
23 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Chemical Reaction Vessels (2022-2030) ($MN)
24 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Cooling Systems (2022-2030) ($MN)
25 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Offshore Oil Platforms (2022-2030) ($MN)
26 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By End User (2022-2030) ($MN)
28 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Industrial (2022-2030) ($MN)
29 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Agriculture (2022-2030) ($MN)
30 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Marine (2022-2030) ($MN)
31 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Power Generation (2022-2030) ($MN)
32 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Chemical Processing (2022-2030) ($MN)
33 Global Glass Fiber Reinforced Plastic Piping Systems Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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