Press release
Fiber Reinforced Plastics Market Composites Market Analysis, Size, Segments, Trends and Forecast to 2023
FRP is a composite material which is made of polymer matrix and is reinforced with different fibers like glass, carbon, and basalt. These fibers are used in various industries like aerospace, construction, and automotive.
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Globally, Asia-Pacific has been the largest FRP pipe market till now. This is attributed to the increase in construction, and oil and gas activities in the region. Additionally, increasing focus of government to improve sewage treatment facilities in the region is also driving the market growth. Sewage treatment facilities mainly rely on the use of fiber reinforced plastic pipes over the iron ones, due increased life of the former.
Europe has been recording the second highest revenue share in the FRP pipe market till now, led by increase in construction activities in last few years in the region, and people have been resorting to the use of fiber reinforced pipes for their better thermal resistant power.
These pipes are being viewed as cost effective solutions because they are able to withstand high temperatures, are corrosion resistant, and also, have high strength-to-weight ratio, which makes it easier to install these pipes in industries. Research is underway to make these pipes cost effective, which is expected to fuel the FRP pipe market growth.
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Some of the major players operating in the FRP pipe industry 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.
Global FRP Pipe Market Segmentation
By Type
Polyester
Polyurethane
Epoxy
Others
By Process
Centrifugal Casting
Filament Winding
Pultrusion
Others
By Application
Water and Wastewater
Chemical and Industrial
Oil and Gas
Power Generation
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
Germany
U.K.
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Australia
Rest of Asia-Pacific
Latin America, Middle East, and Africa (LAMEA)
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
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