According to the research report titled, ‘Glass Reinforced Plastic (GRP) Piping Market Size, By Resin (Epoxy, Polyester, Vinyl Ester), By Application (Oil & Gas, Chemicals, Wastewater Treatment, Irrigation, Water Supply), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available MarketStudyReport, global glass reinforced plastic (GRP) piping market is anticipated to grow significantly 2021-2027.
 

As per the report findings, superior properties of these pipes over conventional ones, escalating demand for strong, durable, and light weight types for water, wastewater, and chemical supply for industrial applications along with rapid urbanization driving the expansion of the utility sectors are the factors boosting the growth of global glass reinforced plastic (GRO) piping market.
 

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On the flipside, various issues associated with manufacturing waste is likely to hamper the remuneration scope of the industry in the ensuing years.
 

By type, the other segment is expected to register a CAGR of 3.7% over the forecast duration due to their superior characteristics which in turn is increasing their demand across applications like desalination plants, chemical manufacturing units, wastewater treatment plants, and oil & gas refineries.
 

Based on application, the others segment is slated to exhibit 4.1% CAGR through 2027 owing to global surge in mining projects.
 

Speaking of the geographical ambit, regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the major benefactors to global glass reinforced plastic (GRP) piping market progression. Among these, Asia Pacific market is project to register a CAGR of 5.2% over 2021-2027creditable to the presence of major pharmaceuticals and chemicals companies in China and India.
 

Besides, population expansion, availability of raw materials, low labor cost, and favorable regulatory environment is further adding to the expansion of the regional market.
 

Meanwhile, Middle East & Africa market is poised to amplify at 4.6% CAGR over the estimated timeline driven by rapid development of the construction sector along with the significant growth in the oil & gas, and chemical sector across the region.
 

Key players defining the competitive framework of global glass reinforced plastic (GRP) piping market are Superlit Boru San, Inc, Technobell Ltd, Global Pipe Company, Hanwei Energy Services Corp, Industrial Plastic Systems, Inc. China National Building Material Co., Ltd, Smithline Reinforced Composites FZ LLC, Plasticon Composites International Contracting BV, Future Pipe Industries LLC, Fibrex Construction Group, Dubai Pipes Factory Co LLC, Composite Pipes Industry LLC, Sarplast SA, Saudi Arabian Amiantit Company, Graphite India Limited, and Harwal Ltd.