KEY INSIGHTS
The FRP pipe market in India is developing at a CAGR of 4.48% throughout the forecasting years. The growth of the market is attributed to the advanced technology leading to cost-efficient products and the requirement of advanced pipeline infrastructure. However, volatility of prices and availability of the substitutes are majorly responsible for restricting the growth of the market in the country.

Market Insights
The FRP pipes are complex tube-shaped pipes designed with naturally occurring substances fortified with fibers like aramid, glass, basalt, glass and carbon. It also includes various other fibers like paper, wood and asbestos; however, these fibers are not much preferred due to its drawbacks like higher prices and low strength. Some of the known applications of FRP pipes includes construction, water, marine and wastewater treatment. The FRP market is advancing at a rapid pace owing to its beneficial segments such as types of products, process, type of fibers, materials and application.

Competitive Insights
The FRP pipe market includes several giants that are responsible in proliferating the market revenue, of which some include Fibrex FRP piping systems, Ershigs, Inc. (Denali incorporated), Sekisui Chemical Co., ltd., National Oilwell Varco, Inc., Graphite India Ltd, Fibertech Composite Pvt. Ltd., Sarplast SA and Others.