FRP Pipe Market to Reach $3,557 Million, Globally by 2023


quote The demand for FRP pipes in water and wastewater is on an increase owing to rise in demand for strong and cost-effective piping solutions. Moreover, growth in the global construction industry especially in the developing economies coupled with increase in investments by governments towards the betterment of wastewater treatment facilities is expected to provide lucrative opportunities for the players operating in the global FRP pipe market. quote

Eswara Prasad
Team Lead, Chemicals & Materials at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, "FRP Pipe Market by Type, Application and Process: Global Opportunity Analysis and Industry Forecast, 2017-2023," the FRP pipe market was valued at $2,080 million in 2016, and is projected to reach $3,557 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023. The chemical and industrial segment accounted for more than two-fifths of the global market in 2016.

Access Full Summary at: https://www.alliedmarketresearch.com/FRP-pipe-market

The term FRP pipe refers to piping systems constructed of polymers reinforced with fibers. FRP pipes are widely employed across several end-use applications, such as construction, water and wastewater treatment, and oil & gas. Moreover, FRP pipes possess natural damping capabilities owing to excellent damping properties of polyester, polyurethane, and epoxy resins. Also, the strength to weight ratio and fatigue endurance of FRP pipes are some of the major attributes related to the replacement costs as well as capability to design high performance and lightweight piping systems. FRP pipes can be easily fabricated over a broad range of complex shapes and sizes, which cannot be easily achieved in steel and cement pipes. Furthermore, low cost maintenance is another key advantage associated with FRP pipes since composites do not undergo the corrosive attacks.

Increase in demand for lightweight piping solutions coupled with growth in awareness among consumers regarding beneficial advantages of FRP pipes fuel the growth of the global FRP pipe market. Moreover, rapid increase in the demand for high performance and corrosion free pipes especially in oil & gas industry and rise in investment by governments of developed and developing economies to improve the overall wastewater treatment facilities are expected to boost the market growth. Also being a versatile material, composites are used in various rapidly growing markets such as construction, industrial, chemical, and power generation, which also drives the growth of the market. Increase in demand for temperature resistant piping solutions as well as rise in per capita disposable incomes are projected to accelerate the overall market growth. However, volatile raw material prices as well as high cost of carbon fiber hamper the market growth.

The chemical and industrial segment accounted for nearly two-fifths of the global market, in terms of volume, in 2016. The demand for FRP pipes has increased owing to rise in demand for cost-effective and corrosion and temperature resistant pipes in chemical industry. Thus, increase in requirement of temperature and corrosion resistant pipes and rise in demand for lightweight pipes for construction activities is anticipated to boost the market growth.

Key Findings of the FRP Pipe Market:

  • The epoxy and polyurethane segments are anticipated to grow at the highest CAGR during the analysis period.
  • The chemical & industrial application segment accounted for the highest share in the market and is anticipated to maintain its dominance throughout the forecast period growing at a CAGR of 8.2%.
  • Asia-Pacific is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 7.4%, in terms of volume.
  • The filament winding process segment dominated the market in 2016 and is expected to maintain its dominance throughout the forecast period, registering a CAGR of 8.2%, in terms of value.
  • The epoxy segment occupied for nearly half of the total market in 2016.
  • China occupied for around two-fifth share of the Asia-Pacific market in 2016.
  • In terms of value, Korea is expected to grow at a significant CAGR of 7.8% during the forecast period.

In 2016, Asia-Pacific and North America collectively accounted for nearly 62% of the global market, in terms of volume, and are expected to continue this trend during the forecast period, owing to increase in investments by the governments of developing economies such as China, India, and Indonesia. Moreover, development of the global construction industry, increase in per capita incomes, and growth in overall consumer expenditure drive the growth of the Asia-Pacific market.

The major companies profiled in the report include Chemical Process Piping Pvt Ltd., Amiantit Company, Hobas, HengRun Group Co. Ltd., Ershing Inc., Sekisui Chemicals, China National Building Material Company Limited, Future Pipe Industries, National Oilwell Varco, and Sarplast SA.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com


For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote FRP Pipe Market by Type (Polyester, Polyurethane, Epoxy, and Others) and by Application (Water and Wastewater, Chemical & Industrial, Oil & Gas, Power Generation, and Others), Process (Centrifugal Casting, Filament Winding, Pultrusion and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"FRP Pipe Market"
Purchase Enquiry