Product ID: UCMIG20B2049
Report ID:
UCMIG20B2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global Glass Reinforced Plastic (GRP) pipes market exhibited substantial growth, reaching a valuation of USD 1.6 billion in 2018. Over the forecast period from 2019 to 2025, the market is projected to maintain steady progress, with a compound annual growth rate (CAGR) of 3.7%. The increasing demand for GRP pipes can be attributed to their exceptional properties, such as high strength, corrosion resistance, and lightweight nature, making them suitable for various applications across industries like oil and gas, water supply, and wastewater management. Additionally, the ongoing infrastructure development projects and investments in emerging economies are expected to drive the market further, creating lucrative opportunities for key players in the GRP pipes industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for GRP Pipes was estimated to be valued at US$ XX Mn in 2021.
The GRP Pipes Market is estimated to grow at a CAGR of XX% by 2028.
The GRP Pipes Market is segmented on the basis of Application, Regional.
Based on region, the GRP Pipes Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the GRP Pipes Market are Amiblu Group, Saudi Arabian Amiantit Co., Abu Dhabi Pipe Factory, Hengrun Group Co., Ltd., Graphite India Limited.
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Product ID: UCMIG20B2049