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Growth Opportunities in the Middle Eastern FRP Pipe Industry 2016-2021: Trends, Forecast, and Market Analysis- The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
12/15/2016 steel tube expo-tube &pipe expo |
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According to a new market report published by Lucintel, the future of the Middle East FRP pipe market looks good with opportunities in the water/wastewater, chemical/industrial, and onshore oil and gas industries. The Middle East FRP (fiber reinforced plastic) pipe market is forecast to grow at a CAGR of 3.7% by value from 2016 to 2021.The major drivers of growth for this market are increase in construction of water supply systems, development of sewage treatment, and the expanding offshore oil and gas industry.
In this market, glass fiber with polyester, vinyl ester, and epoxy resins are used to manufacture FRP pipes. Lucintel predicts that the demand for epoxy composites in FRP pipes is expected to experience the highest growth in the forecast period, supported by growing demand in water/wastewater, oil and gas, and chemical applications. On the basis of its comprehensive research, Lucintel forecasts that the water/waste water and chemical segments are expected to show above average growth during the forecast period.
Within the FRP pipe market, water/waste water is expected to remain the largest market by value and volume consumption. Increasing establishment of water desalination plants to supply water for industrial and household application to provide potable water is expected to spur growth for this segment over the forecast period.
For business expansion, the report suggests innovation and new product development, to manufacture low-cost FRP pipe. Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of onsite manufacturing facilities and increasing rehabilitation activities of pipelines. Future Pipe Industries, Aminatit Group, Advanced Pipe and Cast Company, Farassan, and Hobas Pipe are among the major suppliers of FRP pipe.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in middle eastern FRP pipe industry by end-use industry and material type and has come up with a comprehensive research report, "Growth Opportunities in Middle Eastern FRP Pipe Industry 2016-2021: Trends, Forecast, and Market Analysis ." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for opportunities in middle eastern FRP pipe industry by end-use industry and material type
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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