유리섬유 강화 플라스틱 배관 시장 예측(-2030년) : 제품 유형별, 파이프 유형별, 수지 유형별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Glass Fiber Reinforced Plastic Piping Systems Market is accounted for $4.1 billion in 2024 and is expected to reach $5.9 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Glass Fiber Reinforced Plastic (GFRP) piping systems are a type of composite material made from a polymer matrix reinforced with glass fibers. These pipes combine the strength of glass fibers with the corrosion resistance of plastic, making them ideal for transporting aggressive chemicals, water, and other fluids in industries like chemical processing, water treatment, and oil & gas. GFRP piping systems are lightweight, durable, and resistant to chemical degradation, offering long service life with minimal maintenance. They are often used in environments where traditional metal piping may corrode or fail.

Market Dynamics:

Driver:

Increasing demand for lightweight and durable solutions

The market is experiencing growing demand due to their lightweight, durable, and corrosion-resistant properties. These characteristics make GFRP pipes ideal for industries like oil and gas, water treatment, and chemicals, where reliability and cost-efficiency are crucial. As industries seek to reduce maintenance costs and extend the lifespan of infrastructure, the demand for GFRP solutions continues to rise, particularly in regions with aggressive environmental conditions.

Restraint:

Limited awareness

Limited awareness about the benefits of poses a challenge in expanding the market. Many industries still rely on traditional materials like steel and PVC due to lack of familiarity with GFRP's advantages, such as corrosion resistance, lightweight nature, and long-term durability. Additionally, misconceptions about its cost-effectiveness and maintenance requirements further hinder adoption. Overcoming these awareness gaps through education, industry demonstrations, and targeted marketing can help drive growth in the market.

Opportunity:

Urbanization and infrastructure development

Urbanization and rapid infrastructure development are significantly boosting the market. As cities grow, there is an increasing need for efficient, durable, and cost-effective piping solutions for water distribution, sewage, and industrial applications. GFRP pipes, known for their corrosion resistance, lightweight properties, and long lifespan, are becoming the preferred choice in modern construction. The expansion of smart cities and infrastructure projects further accelerates the demand for GFRP systems, driving market growth globally.

Threat:

Fluctuating raw material prices

Fluctuating raw material prices are a significant challenge in the market. The cost of key materials, such as fiberglass and resins, can vary due to factors like supply chain disruptions, geopolitical tensions, and changing demand. These price fluctuations can impact the overall production costs of GFRP pipes, potentially leading to higher prices for end users. Manufacturers must adapt by optimizing production processes or exploring alternative sourcing strategies to maintain market competitiveness.

Covid-19 Impact:

The COVID-19 pandemic disrupted the Glass Fiber Reinforced Plastic (GFRP) piping systems market by causing supply chain delays, reducing manufacturing output, and delaying construction projects. Economic uncertainty led to postponed infrastructure developments, impacting demand. However, the pandemic also highlighted the need for more resilient and sustainable materials, which could drive future growth in the GFRP market as industries seek long-term solutions for water and waste management systems.

The elbows segment is projected to be the largest during the forecast period

The elbows segment is projected to account for the largest market share during the projection period. They are essential components used to change the direction of piping in various applications. Known for their lightweight, corrosion-resistant properties, GFRP elbows offer durability and longevity, reducing maintenance needs. They are increasingly preferred in modern infrastructure projects due to their ability to withstand harsh environmental conditions, making them a key element in the growing market.

The corrosion resistance segment is expected to have the highest CAGR during the forecast period

The corrosion resistance segment is expected to have the highest CAGR during the extrapolated period driving their growth in industries like water treatment, sewage, and chemical processing. Unlike traditional materials such as steel or PVC, GFRP pipes do not corrode when exposed to harsh chemicals, water, or environmental factors. This durability leads to lower maintenance costs and longer lifespans, making GFRP an ideal solution for infrastructure projects in corrosive environments, boosting its market demand.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period driven by increasing demand for corrosion-resistant, lightweight, and durable piping solutions. Industries such as water treatment, oil and gas, and construction are adopting GFRP pipes for their superior performance in harsh conditions. Additionally, the push for sustainable infrastructure and environmental regulations in the region is further boosting the adoption of GFRP systems in various industrial applications.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period. The oil and gas sector is a major consumer of GRP piping systems due to their resistance to corrosion and ability to withstand high pressures. This sector is expected to maintain a significant share of the market, with applications in crude oil transportation, refinery systems, and offshore platforms. The need for efficient irrigation systems in agriculture is driving the adoption of GRP pipes, particularly in countries with large agricultural sectors like India and China.

Key players in the market

Some of the key players in Glass Fiber Reinforced Plastic Piping Systems market include BASF SE, China National Petroleum Corporation (CNPC), Plasticon Composites, PPG Industries, Inc., Reliance Industries, Hedley Industrial Group, Hexcel Corporation, Toray Resins GmbH, Hengrun Group Co., Ltd., Solvay S.A., Ibrahim Basyuni & Sons Ltd., Saudi Arabian Amiantit Co., Siemens AG, SABIC and Ashland Inc.

Key Developments:

In October 2023, Borealis announced the launch of Borcycle GD3600SY, a glass-fiber reinforced polypropylene (PP) compound featuring 65% post-consumer recycled (PCR) content. Initially utilized in automotive interiors, this innovative material contains 30% glass fibers, enhancing its strength and sustainability.

In June 2023, Toray Resins Europe GmbH (a subsidiary of Toray Industries) introduced a recycling procedure for glass fiber-reinforced polyphenylene sulfide (PPS) resin waste.

Product Types Covered:

• Pipes
• Tees
• Blinds
• Reducers
• Elbows
• Nozzles
• Other Product Types

Pipe Types Covered:

• Filament Wound Pipes
• Contact Molded Pipes
• Pultruded Pipes

Resin Types Covered:

• Unsaturated Polyester Resin (UPR)
• Vinyl Ester Resin
• Epoxy Resin
• Phenolic Resin
• Other Resin Types

Applications Covered:

• Municipal Water Supply
• Corrosion Resistance
• Chemical Reaction Vessels
• Cooling Systems
• Offshore Oil Platforms
• Other Applications

End Users Covered:

• Industrial
• Agriculture
• Marine
• Power Generation
• Chemical Processing
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Product Type

• 5.1 Introduction
• 5.2 Pipes
• 5.3 Tees
• 5.4 Blinds
• 5.5 Reducers
• 5.6 Elbows
• 5.7 Nozzles
• 5.8 Other Product Types

6 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Pipe Type

• 6.1 Introduction
• 6.2 Filament Wound Pipes
• 6.3 Contact Molded Pipes
• 6.4 Pultruded Pipes

7 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Resin Type

• 7.1 Introduction
• 7.2 Unsaturated Polyester Resin (UPR)
• 7.3 Vinyl Ester Resin
• 7.4 Epoxy Resin
• 7.5 Phenolic Resin
• 7.6 Other Resin Types

8 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Application

• 8.1 Introduction
• 8.2 Municipal Water Supply
• 8.3 Corrosion Resistance
• 8.4 Chemical Reaction Vessels
• 8.5 Cooling Systems
• 8.6 Offshore Oil Platforms
• 8.7 Other Applications

9 Global Glass Fiber Reinforced Plastic Piping Systems Market, By End User

• 9.1 Introduction
• 9.2 Industrial
• 9.3 Agriculture
• 9.4 Marine
• 9.5 Power Generation
• 9.6 Chemical Processing
• 9.7 Other End Users

10 Global Glass Fiber Reinforced Plastic Piping Systems Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 BASF SE
• 12.2 China National Petroleum Corporation (CNPC)
• 12.3 Plasticon Composites
• 12.4 PPG Industries, Inc.
• 12.5 Reliance Industries
• 12.6 Hedley Industrial Group
• 12.7 Hexcel Corporation
• 12.8 Toray Resins GmbH
• 12.9 Hengrun Group Co., Ltd.
• 12.10 Solvay S.A.
• 12.11 Ibrahim Basyuni & Sons Ltd.
• 12.12 Saudi Arabian Amiantit Co.
• 12.13 Siemens AG
• 12.14 SABIC
• 12.15 Ashland Inc.