Glass Reinforced Epoxy Gre Pipes Market
SHARE
PUBLISHED: 2022 ID: SMRC21875
SHARE

Glass Reinforced Epoxy (GRE) Pipes Market Forecasts to 2028 - Global Analysis By Product Type (Standard GRE Pipe and High Pressure GRE Pipe), Resin Type (Epoxy, Polyester and Vinyl Ester), Process (Filament Winding, Centrifugal Casting and Other Process), Pressure (10-20 GRE Pipes, 20-30 GRE Pipes, 30-40 GRE Pipes, 40-50 GRE Pipes and >50 GRE Pipes) Application, and By Geography

4.3 (94 reviews)
4.3 (94 reviews)
Published: 2022 ID: SMRC21875

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $2.62 BN

Projected Year Value (2028)

US $4.02 BN

CAGR (2022 - 2028)

7.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Glass Reinforced Epoxy (GRE) Pipes Market is accounted for $2.62 billion in 2022 and is expected to reach $4.02 billion by 2028 growing at a CAGR of 7.4% during the forecast period. GRE, which stands for Glass-reinforced epoxy and is sometimes known as Fiber glass, is a generic term for a fiber-reinforced plastic that uses glass fibre. The threads may be randomly aligned, flatten out into a slab, or interlace to create a texture. GRE Glass fibres, which are also known as Fiber Reinforced Plastic (FRP) Composite, are used to reinforce pipes in mass production. When constructing pipes that are usable and endurance maximised, glass fibre reinforced plastic (GRP) or glass fibre reinforced epoxy (GRE) are the best options.

According to India Brand Equity Foundation (IBEF), the chemical sector of the country is expected to double to reach about USD 300 billion by 2025 with a cumulative growth of 20%.



Market Dynamics:

Driver:

Lightweight properties and demand in end-use industries

These pipes are frequently utilised for offshore applications such as brine water transportation, dredging, and gas transportation due to their lightweight qualities and good chemical resistance. Additionally, they are utilised in down hole tubing, transmission of potable water, fire mains, pipelines in chemical and power facilities, and other applications. Other industrial uses for it include water injection, gas transportation, water tubing, sanitary sewers, fire fighting lines, and casing. The major factors expected to drive the market growth are the protuberant demand in end-use industries such as petrochemical & refineries, marine, mining, and hydropower plants.

Restraint:

Susceptible attack of chemicals

Despite having advantageous qualities, GRE pipes eventually lose their flexural strength as they age and become more vulnerable to chemical attacks, which lead to the development of microcracks. These pipes are also more susceptible to impact damage because of their fragile nature, which can lead to material failure. These elements are anticipated to hinder market expansion and provide difficulties for competitors.

Opportunity:

Economic sustainability

The durability and dependability of GRP goods, such as fittings and Amiable pipes, demonstrate their value in terms of company budgets: Because they don't require heavy lifting equipment or on-site welding, GRP goods save time and money. They also often have long maintenance-free service lives, which will act as market drivers and expand favourable chances for the industry's growth rate.

Threat:

Fluctuation in the cost for raw materials

Fluctuation in raw material costs, resulting in a variance in end-product rates During the forecast period, it is predicted that this factor will restrain the market's expansion for Glass Reinforced Plastics (GRP) piping systems. Furthermore, health-related considerations prevent the usage of GRP plastic. The two most popular techniques utilised in the production of GRP pipes are filament and centrifugal casting winding. The pipe's outside diameter remains constant during centrifugal casting, which results in high-quality products. Additionally, this procedure is not very profitable, thus it is projected that it would slow market expansion.

Covid-19 Impact:

Due to the COVID-19 epidemic, the global market for glass reinforced epoxy pipes is anticipated to reach USD million in value in 2022 and USD million in 2028, with a CAGR of% throughout the course of the analysis period. Standard GRE Pipe, which in 2021 accounted for% of the global market for Glass Reinforced Epoxy Pipes, is anticipated to reach USD million in value by 2028, rising at a revised% CAGR throughout the post-COVID-19 period, fully taking into account the economic change brought on by this health crisis. While Oil and Gas was the market leader by Application, accounting for over percent of the market in 2021, it changed to an% CAGR during the course of the projected year.

The filament winding is expected to be the largest during the forecast period

Based on the process type, the market is classified into Filament Winding, Centrifugal Casting and Others. In the market for GRE pipes, filament winding continues to be the key manufacturing method of choice. Additionally, the process type dominates the whole market for FRP pipes. The capacity of filament wrapping GRE pipes to endure pressure over 200 bars and temperatures beyond 100 degrees Celsius allows them to meet the criteria for severe environments. The helical filament winding method is used to produce the majority of GRE pipes.

The oil & gas segment is expected to have the highest CAGR during the forecast period

Based on the application, the market is segmented into Oil field, Chemical/Petrochemicals, Water Treatment and Sewage Services and Mining Industry. The oil field segment is futher classified into Brine transmission and desalination, Oil & gas transmission, Fire water/fire protection pipe, Offshore cooling water and drainage and Others. Oil & gas transmission is captured to be more profitable and predicted to record a strong CAGR during the forecast period. The market for GRE pipes is primarily driven by oil and gas products. The oil and gas sector makes substantial use of GRE pipes. GRE pipes are frequently used in refineries, petrochemical plants, oil fields, and transportation of crude oil. Growing urbanisation and infrastructure construction in developing nations present potential for market expansion for GRE pipes.

Region with highest share:

North America is anticipated to hold the highest share during the forecast period. Due to recent advancements in the shale oil field, the area is one of the main exporters of crude oil. Gas and crude oil are transported by GRE pipes. Another prosperous region for the sale of GRE pipes is Asia Pacific. Rapid industrialization and urbanisation are occurring in nations like China, India, Malaysia, and Indonesia. The Asia Pacific region has a sizable petrochemicals industry. This is anticipated to increase demand for GRE pipes in the near future. The market for GRE pipes is extremely lucrative in the Middle East and Africa. Natural resources like coal, oil & gas, and other priceless minerals are abundant in the area. A considerable sum of money is being invested in the development of these resources. Additionally, infrastructure improvements and development in the natural gas field are likely to create opportunities for the GRE pipes market in the near future.

Region with highest CAGR:

The Asia Pacific care management solutions market is one of the fastest-growing regions and also records highest CAGR during the forecast period. Asia-Pacific is expected to dominate the glass reinforced plastics (GRP) pipes market in terms of market share and revenue. This is a result of the region's rising demand for pipes made of glass-reinforced plastic (GRP). China leads the market for glass reinforced plastic (GRP) pipes, which is a result of the region's expanding oil and gas development operations as well as increased government mandates for industrial processing, effluent collection, and recycling.


Key players in the market

Some of the key players profiled in the Glass Reinforced Epoxy (GRE) Pipes Market include Amerplastics, Amiantit Fiberglass Industries Limited, Megha Engineering & Infrastructures Limited, EPP Composites Pvt. Ltd., HOVOY Composite, National Oilwell Varco, Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., Shawcor Ltd, Kemrock Industry And Exports Limited, Tamdidpipes-Kingdom Of Saudi Arabia, GRE Composites, Smithlinecomposites, Hengrun Group Co., Ltd, NOV Fiber Glass Systems, Saudi Arabian Amiantit Co., iMPREG Group, FIBREX, Future Pipe Industry, Advancedpiping

Key Developments:

In November 2019, FSN Capital V, a North European Private Equity firm, signed an agreement to acquire iMPREG Group, a manufacturer of GRP pipe headquartered in Germany.


In March 2017, Diamond Fiberglass, a manufacturer of glass fibre reinforced vessels headquartered in the US, successfully acquired the Fibrex Corporation, a player in GRP pipe business.

Type Covered:
• Standard GRE Pipe
• High Pressure GRE Pipe Software

Resin Type Covered:
• Epoxy
• Polyester
• Vinyl Ester

Process Types Covered:
• Filament Winding
• Centrifugal Casting
• Other Process

Pressure Covered:
• 10-20 GRE Pipes
• 20-30 GRE Pipes
• 30-40 GRE Pipes
• 40-50 GRE Pipes
• >50 GRE Pipes

Diameter Covered:
• 25-100 GRE Pipes
• 100-250 GRE Pipes
• 250-500 GRE Pipes
• 500-750 GRE Pipes
• 750-1000 GRE Pipes
• 1000-1200 GRE Pipes
• >1200 GRE Pipes


Application Covered:
• Oil field
• Chemical/Petrochemicals
• Water Treatment and Sewage Services
• Mining Industry

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 2020, 2021, 2022, 2025, and 2028
- 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
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 Product Analysis
3.7 Application 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 Reinforced Epoxy (GRE) Pipes Market, By Type
5.1 Introduction
5.2 Standard GRE Pipe
5.3 High Pressure GRE Pipe

6 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Resin Type
6.1 Introduction
6.2 Epoxy
6.3 Polyester
6.4 Vinyl Ester

7 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Process
7.1 Introduction
7.2 Filament Winding
7.3 Centrifugal Casting
7.4 Other Process

8 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Pressure
8.1 Introduction
8.2 10-20 GRE Pipes
8.3 20-30 GRE Pipes
8.4 30-40 GRE Pipes
8.5 40-50 GRE Pipes
8.6 >50 GRE Pipes

9 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Diameter (mm)
9.1 Introduction
9.2 25-100 GRE Pipes
9.3 100-250 GRE Pipes
9.4 250-500 GRE Pipes
9.5 500-750 GRE Pipes
9.6 750-1000 GRE Pipes
9.7 1000-1200 GRE Pipes
9.8 >1200 GRE Pipes

10 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Application
10.1 Introduction
10.2 Oil field
10.2.1 Brine transmission and desalination
10.2.2 Oil & gas transmission
10.2.3 Fire water/fire protection pipe
10.2.4 Offshore cooling water and drainage
10.2.5 Others
10.3 Chemical/Petrochemicals
10.3.1 Chemical processing and steam condensate return
10.3.2 Acid transportation
10.3.3 Effluent Discharge Lines
10.4 Water Treatment and Sewage Services
10.5.1 Sewage and sanitary service
10.5.2 Seawater transport line
10.5.3 Water and waste water pipe line
10.5.4 Others
10.5 Mining Industry

11 Global Glass Reinforced Epoxy (GRE) Pipes Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Amerplastics
13.2 Amiantit Fiberglass Industries Limited
13.3 Megha Engineering & Infrastructures Limited
13.4 EPP Composites Pvt. Ltd.
13.5 HOVOY Composite
13.6 National Oilwell Varco
13.7 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
13.8 Shawcor Ltd
13.9 Kemrock Industry And Exports Limited
13.10 Tamdidpipes-Kingdom Of Saudi Arabia
13.11 GRE Composites
13.12 Smithlinecomposites
13.13 Hengrun Group Co., Ltd
13.14 NOV Fiber Glass Systems
13.15 Saudi Arabian Amiantit Co.
13.16 iMPREG Group
13.17 FIBREX
13.18 Future Pipe Industry
13.19 Advancedpiping

List of Tables
1 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Region (2020-2028) ($MN)
2 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Type (2020-2028) ($MN)
3 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Standard GRE Pipe (2020-2028) ($MN)
4 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By High Pressure GRE Pipe (2020-2028) ($MN)
5 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Resin Type (2020-2028) ($MN)
6 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Epoxy (2020-2028) ($MN)
7 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Polyester (2020-2028) ($MN)
8 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Vinyl Ester (2020-2028) ($MN)
9 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Process (2020-2028) ($MN)
10 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Filament Winding (2020-2028) ($MN)
11 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Centrifugal Casting (2020-2028) ($MN)
12 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Other Process (2020-2028) ($MN)
13 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Pressure (2020-2028) ($MN)
14 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 10-20 GRE Pipes (2020-2028) ($MN)
15 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 20-30 GRE Pipes (2020-2028) ($MN)
16 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 30-40 GRE Pipes (2020-2028) ($MN)
17 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 40-50 GRE Pipes (2020-2028) ($MN)
18 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By >50 GRE Pipes (2020-2028) ($MN)
19 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Diameter (mm) (2020-2028) ($MN)
20 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 25-100 GRE Pipes (2020-2028) ($MN)
21 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 100-250 GRE Pipes (2020-2028) ($MN)
22 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 250-500 GRE Pipes (2020-2028) ($MN)
23 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 500-750 GRE Pipes (2020-2028) ($MN)
24 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 750-1000 GRE Pipes (2020-2028) ($MN)
25 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By 1000-1200 GRE Pipes (2020-2028) ($MN)
26 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By >1200 GRE Pipes (2020-2028) ($MN)
27 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Application (2020-2028) ($MN)
28 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Oil field (2020-2028) ($MN)
29 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Brine transmission and desalination (2020-2028) ($MN)
30 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Oil & gas transmission (2020-2028) ($MN)
31 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Fire water/fire protection pipe (2020-2028) ($MN)
32 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Offshore cooling water and drainage (2020-2028) ($MN)
33 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Others (2020-2028) ($MN)
34 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Chemical/Petrochemicals (2020-2028) ($MN)
35 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Chemical processing and steam condensate return (2020-2028) ($MN)
36 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Acid transportation (2020-2028) ($MN)
37 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Effluent Discharge Lines (2020-2028) ($MN)
38 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Water Treatment and Sewage Services (2020-2028) ($MN)
39 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Sewage and sanitary service (2020-2028) ($MN)
40 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Seawater transport line (2020-2028) ($MN)
41 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Water and waste water pipe line (2020-2028) ($MN)
42 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Others (2020-2028) ($MN)
43 Global Glass Reinforced Epoxy (GRE) Pipes Market Outlook, By Mining Industry (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials