According to the research report titled ‘North America GRP Piping Market Size By Application, By Resin, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, North America GRP piping market is anticipated to accumulate USD 1.9 billion over 2021-2027.
 

Increasing investment towards wastewater management, rapid urbanization, and surging shale gas production are catalyzing the growth of North America GRP piping market. Notably, these pipes possess properties such as durability, chemical resistance, and are low maintenance as well.

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Additionally, consumer inclination towards environment friendly construction projects, in consort with product applications across chemical processing, water processing, and agriculture processing, and efforts by leading manufacturers to introduce cost-effective variants are augmenting the market outlook.
 

For the record, GRP pipes are employed as substitute to metal pipes and are more sustainable with respect to manufacturing, transportation, and installation. They have smaller carbon footprint and are installed through pipe jacking procedure.
 

Speaking of resin type, North America GRP piping market is classified into vinyl ester, epoxy, polyester, and others. Of these, vinyl ester segment is slated to record 1.4% CAGR through 2027, owing to the resin’s ability to resist high temperature, UV radiation, and harsh environment conditions.
 

In terms of application gamut, the marketplace is divided into irrigation, chemical, oil & gas, water supply, and wastewater among others. The report cites that oil & gas segment is reckoned to account for 38% industry share by the year 2027, attributable to surging hydrocarbon exploration activities, and increasing LNG and oil production to meet massive vehicle fuel demand.
 

Major contenders operating in North America GRP piping industry sphere are Karon Engineering Ltd., Fibrex LLC, Industrial Plastic Systems Inc., Composite Pipes Industry LLC, Harwal Group, Hanwei Energy Services Corp., HOBAS, Future Pipe Industries, and Enduro Composites Inc.