Fiber Reinforced Plastic (FRP) Pipe Market to Reach $3.8 Billion by 2023: P&S Market Research

NEW YORK, March 21, 2018 -- According to the new research report published by P&S Market Research, global fiber reinforced plastic pipe market is expected to reach $3.8 billion by 2023, the growth of the FRP pipe market is mainly driven by the changing preference of consumers from iron pipes to FRP pipes, increase in demand for cost-effective piping solutions, and growing demand for these pipes from the oil and gas industry.

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.

Request For Sample Pages: https://www.psmarketresearch.com/market-analysis/frp-pipe-market/report-sample

On the basis of type, the market is categorized into polyester, polyurethane, epoxy, and others. Epoxy is the largest category in the FRP pipe market, due to these pipes being very environment friendly as compared to other materials.

On the basis of process, the FRP pipe market can be segmented into centrifugal casting, filament winding, pultrusion, and others. Filament winding has been the largest category till now. This is due to the fact that the winding process is quite easy and filament winding can be well suited to automation without the need of any human intervention. Most of the industries are now accepting this process because it is resulting in cost effectiveness and there are less chances of human error.

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.

Browse report overview with 91 tables and 51 figures spread through 130 pages and detailed TOC on "Fiber Reinforced Plastics (FRP) Pipe Market” At: https://www.psmarketresearch.com/market-analysis/frp-pipe-market

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.

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.

More Published Reports By P&S Market Research

Solar Encapsulant Market

APAC is expected to continue being the largest and fastest-growing solar encapsulant market in the coming years. In recent years, the region has witnessed a significant increase in the number of solar cell production units because of the shift of module manufacturers from Europe to China. Price inflation in solar products in Europe has resulted in the movement of many domestic players to APAC for production, which has further led to the growth of the APAC solar encapsulant market.

https://www.psmarketresearch.com/market-analysis/solar-encapsulation-market

Polymer Concrete Market

The growth of the polymer concrete market is mainly driven by the growing investment in civil construction projects, and increase in repair and maintenance activities across the globe. On the basis of type, the market is segmented into epoxy, polyester, vinyl ester, and others. Epoxy has been the largest category in the polymer concrete market, attributed to its increasing use in construction activities due to its superior properties of high impact strength, high vibration resistance, good bonding with concrete and metal surfaces, and others.

https://www.psmarketresearch.com/market-analysis/polymer-concrete-market

About P&S Market Research

P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

Contact:

P&S Market Research

347, 5th Ave. #1402

New York City, NY - 10016

Toll-free: +1-888-778-7886 (USA/Canada)

Email: [email protected]

Web: https://www.psmarketresearch.com

Connect with us: LinkedIn | Twitter | Google + | Facebook