Press release
GRE Pipes Market is expected to grow at 4.2% CAGR during 2016-2022
GRE Pipes Market
GRE Pipes have various properties namely, are zero maintenance and long life which makes low life cycle cost also UV Resistant and Fast, low cost assembly due to light weight and simple jointing techniques.
The GRE Pipe has wide industrial applications such as transportation lines, line for chemical disposal, lines for gathering and gas transportation, firefighting networks, water injection, tubing and casing, line for disposal formation waters, acid transportation resulted the drivers of the market.
Market Highlights:
Glass-reinforced epoxy (GRE) is a combination of two or more materials with addition of high strength E-glass fiber amine cured epoxy resin as basic material. The frangible nature of the material demands careful handling during transportation, fabrication, and installation. GRE Pipes are well suited for environments where corrosion resistance is required at a reasonable price. Main industries in which GRE pipes required are petrochemical process lines, oil and gas systems, fire-fighting systems, offshore and onshore systems, chemical transport and others.
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The economic growth of oil rich economies has increased the demand for major industrial requirements which add the boom in the water networks, oil & gas sector and petrochemical plants. In Industrial plants pipe systems that are used as circulating water, chemical lines, cooling systems, process piping, and fire water.
Regional Analysis:
Petrochemicals, Oil & Gas, power & energy and other Industrials are the major end-user industry of GRE Pipes due to their less thermal conductivity. The increasing number of applications such as oil & gas, fuel, water, sewage, and chemical industry in India and China is expected to drive the GRE Pipes Market. Asia-Pacific is the largest market for GRE pipes. The GRE pipes market in these regions is expected to increase in the future.
North America witnessed a positive growth due to GRE pipes demand over continues to increase in oil & gas, water, chemical industries. Europe are expected to witness a sluggish growth owing to stringent regulation for producing GRE Pipes.
The Asia-Pacific contributes largest
market share in GRE Pipes Market. China consumes largest market owing to growing demand from end user industries such as petrochemicals, oil & gas, power & energy and other industrials.
North America witnessed a positive growth over the forecasted period. Due to cross country pipelines, sewerage disposal systems, sea water intake & return lines in power plants Europe comes at third largest market of global GRE pipes. Latin America and Middle East and Africa also witnessed in growth of GRE Pipes Market near future.
Segmentation:
The market for GRE Pipes is segmented on the basis of end-user and by the region; On the basis of end-user the GRE Pipes Market is segmented as like petrochemicals, oil & gas, power & energy and other industrials. Moreover on the basis of the region of global GRE Pipes Market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.
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