Global FRP Pipe Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Polyester, Polyurethane, Epoxy, and Others.

By Process;

Centrifugal Casting, Filament Winding, Pultrusion, and Others.

By Application;

Water and Wastewater, Chemical and Industrial, Oil & Gas, Power Generation, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn140714577 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global FRP Pipe Market (USD Million), 2021 - 2031

In the year 2024, the Global FRP Pipe Market was valued at USD 3,103.48 million. The size of this market is expected to increase to USD 4,951.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.

The global Fiber-Reinforced Plastic (FRP) pipe market has experienced substantial growth in recent years, driven by increasing demand across various industrial sectors. FRP pipes, known for their durability, resistance to corrosion, and lightweight properties, are increasingly being adopted in industries such as oil and gas, chemical processing, and water treatment. These pipes offer a reliable alternative to traditional materials like metal and concrete, especially in harsh environments where corrosion and wear are significant concerns.

One of the primary factors fueling the market expansion is the ongoing infrastructure development and industrialization in emerging economies. As these regions continue to invest in modernizing their infrastructure and enhancing their industrial capabilities, the demand for FRP pipes is expected to rise. Additionally, advancements in FRP technology, including improved manufacturing processes and the development of new composite materials, are contributing to the market's growth by enhancing the performance and applications of FRP pipes.

Environmental considerations and regulatory standards are also playing a critical role in shaping the FRP pipe market. With increasing emphasis on sustainability and reducing environmental impact, FRP pipes offer an eco-friendly solution due to their longer lifespan and lower maintenance requirements compared to traditional materials. Moreover, governments and regulatory bodies are implementing stricter regulations regarding emissions and waste management, which is driving industries to adopt more sustainable and efficient piping solutions like FRP.

The global FRP pipe market is poised for continued growth, supported by ongoing technological advancements and expanding applications. Key market players are focusing on innovation and strategic partnerships to enhance their product offerings and capture a larger market share. As industries across the globe seek more efficient, durable, and sustainable piping solutions, FRP pipes are expected to play an increasingly significant role in meeting these demands.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Process
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global FRP Pipe Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing infrastructure development
        2. Rising demand in construction
        3. Cost-effective material choice
        4. Corrosion resistance benefits
      2. Restraints
        1. High initial material costs
        2. Limited market awareness
        3. Environmental impact concerns
        4. Installation complexity issues
      3. Opportunities
        1. Technological advancements in materials
        2. Emerging markets growth potential
        3. Sustainable product innovations
        4. Expanding industrial applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global FRP Pipe Market, By Type, 2021 - 2031 (USD Million)
      1. Polyester
      2. Polyurethane
      3. Epoxy
      4. Others
    2. Global FRP Pipe Market, By Process, 2021 - 2031 (USD Million)
      1. Centrifugal Casting
      2. Filament Winding
      3. Pultrusion
      4. Others
    3. Global FRP Pipe Market, By Application, 2021 - 2031 (USD Million)
      1. Water and Wastewater
      2. Chemical and Industrial
      3. Oil & Gas
      4. Power Generation
      5. Others
    4. Global FRP Pipe Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hexagon Composites
      2. Saudi Basic Industries Corporation
      3. Pultrusion Technologies, Inc
      4. Future Pipe Industries
      5. SGL Carbon
      6. Owens Corning
      7. National Oilwell Varco
      8. Chemtex Speciality Limited
      9. Lianyungang Zhongfu Lianzhong Composites Group
      10. Rizhao Fengfeng Composite Material Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market