GRP Pipe Market

MARKET OVERVIEW:

The global GRP Pipe Market continues to demonstrate robust growth, with its valuation reaching USD 3.68 billion in 2025. According to the latest industry analysis, the market is projected to grow at a CAGR of 7.1%, reaching approximately USD 5.92 billion by 2032. This growth is primarily driven by increasing infrastructure projects, demand for corrosion-resistant piping solutions, and strict environmental regulations in water and wastewater management.

MARKET INSIGHT & GROWTH DRIVERS:

5.92 billion

The global market continues to evolve at a dynamic pace, shaped by technological advancements, shifting consumer preferences, and regulatory developments. Companies are focusing on innovation, sustainability, and strategic collaborations to strengthen their competitive positioning and meet emerging demand across diverse applications USD 3.68 billion

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MARKET SEGMENTATION:

BY TYPE

⚬Industrial Type

⚬Decorative Type

BY APPLICATION

⚬Chemical Industry

⚬Fuel Handling

⚬Marine Offshore

⚬Construction

⚬Oil and Gas

⚬Others

MARKET DYNAMICS

The market is propelled by three primary drivers: infrastructure modernizatio n programs in developing economies, the oil & gas industry's shift toward non-metallic piping, and in creasing environmental regulations demanding su stainable solutions. In water and wastewater appli cations, GRP pipes account for approximately 35% of new installations globally due to their 50+ year lifespan and minimal maintenance requirements.

MARKET OPPORTUNITIES

Emerging opportunities include renewable energy projects like geothermal plants and offshore wind farms, where GRP pipes demonstrate excellent performance in harsh environments.Smartcityinitiativesarecreating demand for pipes with embedded monitoring capabilities,whiledesalinationprojectsinwaterscarce regions present new application areas. The development of bio-based resins and improved recycling technologies may further expand market potential in eco-conscious markets.

COMPANY MISSION

At 24ChemicalResearch, we are dedicated to delivering expert intelligence that drives corrosion prevention strategies across global industries. Our mission is to equip manufacturers, engineers, and procurement leaders with cutting-edge insights into lubricant innovations—empowering them to extend equipment life, improve safety, and minimize downtime in even the most aggressive operating environments.

REGIONAL MARKET OUTLOOK

North America

North America's mature market is experiencing steady growth from pipeline rehabilitation projects and shale gas development.

Europe

Europemaintainsastrongpositionthroughsustainability-driven regulationsfavoringcompositematerials,withGermanyandFrance leadingadoption.Meanwhile,theMiddleEastisemergingasakey market,particularlyforoilfieldapplicationswhereGRP'scorrosion resistanceprovidessignificantoperationaladvantagesover traditionalmaterials.

COMPETITIVE LANDSCAPE

• Future Pipe Industries (UAE)

• China National Building Material Company (C hina)

• HOBAS (Austria)

• ZCL Composites Inc. (Canada)

• Amaintit (Saudi Arabia)

• National Oilwell Varco (U.S.)

• Ershing (China)

• Fibrex (UAE)

• Augusta Fiberglass (U.S.)

• Hanwei Energy Services Corp. (Canada)

These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

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