Industrial, Manufacturing & Heavy Industry Market News

Detailed examination of the North American FRP pipe market that is expected to reach $692 million by 2022

Opportunities for North American FRP pipe market to reach $692 million by 2022


According to a new market report published by Lucintel, the future of the North American FRP pipe looks promising with growth opportunities in various end use industries, such as oil & gas, chemical, water portable, and sewer gravity and pressure pipe. The North American FRP pipe market is expected to reach an estimated $692 million by 2022 and it is forecast to grow at a CAGR of 3.7% from 2017 to 2022.

The major growth drivers for this market are increase in construction of water supply systems, development of sewage treatment, and increasing oil and gas exploration activities.

In this market, epoxy, polyester, and vinyl ester are the major resins used to manufacture FRP pipe.