The global GRP pipe market size is set to expand at a steady pace in the coming years owing to the wide applicability and excellent benefits of GRP pipes across industries, shares Fortune Business Insights™ in its report, titled “GRP Pipe Market Size, Share & Industry Analysis, By Application (Chemicals and Oil & Gas, Industrial, Sewage, Irrigation & drinking water transmission, Energy & Power, Others) and Regional Forecast, 2022-2029”. The biggest and most touted advantage of a Glass-Reinforced Polyester (GRP) pipe is that it is resistant to corrosion. These pipes are designed to have a long service life without any special lining or coating, which makes them highly cost-effective for the end-user. Owing to this property, these pipes are extensively adopted across a range of industries associated with chemical production, such as flue-gas desulfurization, chlor-alkali & chemical plants, metal production, and pulp & paper mills. Another distinct feature of GRP pipes is that they are extremely lightweight. For example, these pipes are one-tenth the weight of concrete pipes and one-fourth the weight of ductile iron (DI) pipes. Thus, they are save costs on transportation and material handling processes.
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Updated Oxygen Scavenger Masterbatch Market News and Forecast Analysis
The Oxygen Scavenger Masterbatch Market is a successful enterprise that employs a large number of people and has a significant impact on the global economy. Many readers of this newsletter may be interested to know the trends that will influence the Oxygen Scavenger Masterbatch Market in the near future. This article provides a summary of some of these trends, including a few perspectives related to their relevance.
What Does the Report Offer?
- Valuable insights into the regional prospects of the market;
- In-depth analysis of the market drivers and challenges;
- Comprehensive profiling of key market players and careful study of their strategies; and
- Microscopic research into the different market segments.
Heightening Demand for Food Worldwide to Create New Opportunities
A prominent factor driving the GRP pipe market growth is the continuously rising demand for food around the globe. According to the United Nations (UN), global population will touch almost 10 billion by 2050, with 370 million people estimated to go undernourished during this period. The UN Food and Agriculture Organization (FAO) projects that, in order to feed this growing population, food production will need to be increased by a whopping 70% over the next three decades. To boost food production, farms around the globe will need stable, durable, and reliable access to water resources, which will require the setting up efficient irrigation and water harvesting systems, especially in developing economies. Countries such as India, China, Bangladesh, and Vietnam in Asia and Nigeria, Kenya, and South Africa in Africa are investing copiously to modernize and mechanize their irrigation systems. This will create huge opportunities for GRP pipe manufacturers, for the demand for these corrosion-resistant, lightweight pipes is likely to skyrocket as these countries transform their agriculture sectors.
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North America & Europe to Lead the Market Backed by Robust Manufacturing Infrastructure
North America and Europe are expected to dominate the GRP pipe market share in the forthcoming years owing to the strong and well-established manufacturing infrastructure and technologies in these regions. Additionally, digitization is fueling electricity consumption, particularly in the US & Canada and Western Europe, which in turn is creating demand for GRP pipes for power-plant projects.
In Asia Pacific, the market is anticipated to experience promising prospects as developing countries such as India and China have made massive investments in hydropower projects as well as in large-scale construction projects. The market in the Middle East & Africa region is expected to make considerable gains owing to the initiation of desalinization projects by Saudi Arabia. In addition, the widespread demand for efficient piping solutions from the oil industry will further boost the regional market growth.
Portfolio Diversification to be the Prime Focus Area for Key Players
Key players in this market are currently focused on diversifying their offerings and strengthening their portfolios to expand their presence in the market. Besides this, companies are also engaging in strategic acquisitions and collaborations to deepen their footprint in the market and broaden sales horizons.
- July 2020: Ambilu Holding set up a wastewater channel of GRP pipes in the town of Wilhelmshaven in northern Germany. The channel consists of 300m pipes, DN 700-1000, with the pipes guaranteeing a long service life owing to their corrosion- and abrasion-resistant properties.
- November 2019: FSN Capital V signed an agreement to acquire iMPREG Group from BWB Partners. The iMPREG Group is a leading producer and supplier of glass-reinforced plastic cured-in-place-pipe liners, which enable repair of damaged wastewater pipes and sewer main pipes.
List of Key Players Profiled in the GRP Pipe Market Report:
- iMPREG Group
- Saudi Arabian Amiantit Company
- Abu Dhabi Pipe Factory
- Chemical Process Piping Pvt. Ltd.
- Sarplast SA
- China National Building Material Company (CNBM)
- Harwal Group
- Plasticon Composites
- Graphite India Limited
- Dubai Pipes Factory Co.
- Amiblu Holding GmbH
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