GRP Pipes Market Future Business Opportunities 2022-2028
Market Forecast The Global GRP Pipes Market is expected to grow to USD 8.66 Billion by 2025 at a CAGR of 5.16% Segmentation By Resin: The GRP pipes market can be divided based on their constituent resin into three categories, namely epoxy, polyester, and vinyl ester. Of the three, the largest market share belongs to epoxy GRP pipes due to their utility in the petroleum and chemical industries. Epoxy GRP pipes offer enhanced strength, great corrosion resistance against both chemicals and the environment, as well as a very long service life. They are used to transport crude oil, petroleum, gas, chemicals, and chemical waste. Polyester GRP pipes are inferior to epoxy GRP pipes in all categories except cost and ease of manufacturing. This ensures the use of polyester GRP pipes within the utility and agricultural sectors. The growing demand to supply water to arable land and a fast-growing utilities sector due to rapid urbanization are drivin...