The market for glass reinforced plastic (GRP) piping is slated to grow substantially in the next few years, over the timeframe 2021-2027.

Based on the type of resin, the market is classified into epoxy, vinyl ester, polyester, and others. It is estimated that the share from other segments will grow at a CAGR of more than 3.7% through 2027. The other segments are inclusive of thermoplastic resins such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) which are extensively used for making GRP piping systems.

These materials, owing to their superior characteristics, are likely to witness a substantial demand in high-performance applications such as oil and gas refineries, desalination plants, wastewater treatment plants, and chemicals manufacturing facilities.

In terms of the applications, the market is segmented into chemicals, oil & gas, irrigation, waste water treatment, water supply, and others.

The global GRP piping industry share from the other application segments will expand at a CAGR of around 4.1% in the forthcoming years. The other applications include power generation, pulp & paper, mining, and many more. The global rise in mining projects will accelerate the demand for GRP piping transmission lines considerably.

The demand for GRP piping solutions across the chemicals sector is projected to rise at a CAGR of about 4.4% CAGR through 2027. In chemicals manufacturing facilities, GRP pipelines are built to transport chemicals in various processing industries. These mainly include above ground applications.

Meanwhile, the deployment of GRP piping systems in water supply applications will grow at a robust 4.6% CAGR in the future. This area of applications includes piping solutions for desalination and supply of potable and fresh water across a range of end-use industries. GRP pipes are widely used in wells and filters where large amounts of ground water needs to be obtained for water treatment.

Geographically, the GRP piping industry in Asia Pacific is slated to grow at a CAGR of approximately 5.2% over 2021-2027. The regional growth trends can be largely attributed to the presence of numerous major small, medium, and large scale chemicals and pharmaceutical companies in India and China.

The Asia Pacific region is home to more than 60% of the global population. This percentage share is projected to further rise in the years to come. These factors along with the availability of raw materials, cheap labor, and favorable regulatory environment makes the region a central industrial hub for manufacturers worldwide.

Meanwhile, the Middle East and Africa GRP piping market will grow at a 4.6% CAGR through 2027, powered by rapid growth of the construction sector. Most countries in the region today are highly developed and have advanced infrastructure facilities. While the construction industry continues to grow, the expanding oil & gas and chemicals sectors will also provide lucrative opportunities to the local GRP piping solutions providers.