Research and Markets: Global FRP Pipe Market 2015-2020: Oil and Gas Exploration Activities and Expansion of Chemical Plants to Catalyze Growth Within the Next Five Years
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/2q89qr/global_frp_pipe) has announced the addition of the “Global FRP Pipe Market 2015-2020: Trends, Forecast and Opportunity Analysis” report to their offering.
The global FRP pipe market is forecast to grow at a CAGR of 3.1% from 2015 to 2020. The major drivers of growth for this market are an increase in construction of water supply system, development of sewage treatment, increasing shale gas exploration activities, and the expanding offshore oil and gas industry. Growth of further demand in key end-use industries, including water/wastewater, chemical/industrial, and onshore oil & gas, is expected to remain a key driving factor for the global FRP pipe market.
In this market, polyester composites, vinyl ester composites, and epoxy composites are the product forms of FRP pipes. The report adds that the demand for polyester composite pipes is expected to experience the highest growth in the forecast period, supported by growing demand in water/wastewater and sewage applications. On the basis of its comprehensive research, the author forecasts that water/wastewater, chemical/industrial, and sewage industries are expected to show above average growth during the forecast period.
Within the FRP pipe market, onshore oil and gas is expected to emerge as the leading market by value and volume consumption, after chemical/industrial applications. The growth of oil and gas exploration activities and boom in shale gas production in the onshore oil & gas industry is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to the growth in end use applications, such as water/waste water and chemical/industrial. Asia Pacific and Rest of the World are expected to grow significantly by virtue of growing water and wastewater applications, especially in China and India, due to increasing urban population and high growth in building and infrastructure development. Chemical industries are shifting their production bases towards low cost regions and where there is a high demand for chemicals.
The study includes forecast of the global FRP pipe market through 2020, segmented by end-use industry, material, and region as follows:
By end use industry (Volume [Million Pounds/Kiloton] and $ Million shipment from 2009 to 2020):
– Onshore Oil & Gas
– Retail Fuel
– Water and Wastewater
– Pulp and Paper
– Offshore Oil & Gas
By material type (Volume [Million Pounds/Kiloton] and $ Million shipment from 2009 to 2020):
– Polyester Composites
– Vinyl ester Composites
– Epoxy Composites
Key Topics Covered:
1. Executive Summary
2. FRP Pipe Market Background and Classifications
3. Market Analysis of Global FRP Pipe Market
4. Competitive Landscape and Growth Opportunities Analysis
5. Strategic Assessment of the Market
6. Company Profile for Leading Players
7. Customer Analysis
– China National Building Material Company Limited
– Ershing Inc.
– Future Pipe Industries
– HengRun Group Co. Ltd.
– Hobas Pipe USA
– National Oilwell Varco (NOV)
– Reinforced Plastics System
– Sekisui Chemicals
For more information visit http://www.researchandmarkets.com/research/2q89qr/global_frp_pipe
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