Glass Reinforced Plastic (GRP) Piping Market Analysis

Glass Reinforced Plastic Piping Market Analysis

The epoxy resin-based GRP piping was over USD 3.60 billion in 2020 and is likely to grow at a decent rate of 4.3% in the overall market. Epoxy GRP pipes possess superior properties, such as low friction, resistance to abrasion & corrosion, high insulation, etc., that make them the preferred choice in the oil & gas sector as they enhance the flow capacity of resources. The cross-linked structure makes epoxy-based piping significantly robust compared to its counterparts and ensures thermostability & impact resistance.
 

The wastewater treatment application will constitute over 21% of the global consumption in 2027. Processed or raw water has high demand in several applications including processing, washing, and cooling in manufacturing industries such as chemical, pulp & paper, automotive, metal & mining, power, oil & gas, pharmaceuticals, and textiles. These industries are the major contributors to water pollution, thereby increasing water demand and supply gap.
 

The rising water contamination owing to industrial activities along with freshwater scarcity in developing regions has led to stringent government regulations on water recycle and reuse projects. These traits will be the key driving forces of GRP piping in wastewater treatment facilities.
 

Europe will hold a revenue size of over USD 1.70 billion in 2027. Rising investments in regional infrastructure development will have a significant influence on the market growth in the coming years. Moreover, the presence of large industrial effluent treatment and chemical processing companies, especially in Germany, France, the UK, and Spain, will contribute to the market growth. Stringent GHG emission norms and rising export of natural gas in the EU region will escalate the glass reinforced plastic piping market sales.