Global GRP Piping Systems Market Report 2025 is anticipated to reach USD 2.60 billion by the end 2025, according to a new report released by Million Insights. It is projected to grow at a CAGR of 5.5% over the forecast period. Increasing adoption of GRP piping systems in offshore and onshore oilfields and wide application of these products across various industries is the major driving force for the market growth. In addition, rising production and exploration activities of hydrocarbons is further expected to fuel the market growth over the forecast period.
Market Synopsis of GRP Piping Systems Market:
Properties such as corrosion resistant, abrasion resistant, durability, and high strength are projected to boost the demand for GRP pipes across gas and oil refineries and desalination plants. Moreover, these pipes offer high insulation, thereby, projected to propel the demand among the gas and oil refineries that witness transmission of combustible fluids on a daily basis.
Rising adoption of GRP piping products across several industries and sectors such as power generation, aerospace, wastewater treatment plants, fire protection, and sewage and drainage systems is projected to augment the growth of the market. Moreover, rising number of end-user sectors such as construction, water treatment, automotive, and gas and oil is anticipated to pave the way for this market across different regions. This growth is attributed to its high strength and structure that enables high capacity transmission of different fluids.
The market is highly competitive in nature owing to large number of players operating in the market that target various niche segments. Moreover, these players are focusing on developing products that can sustain high turbulences, pressure, and temperature.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-glass-fiber-reinforced-plastic-grp-piping-systems-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 GRP Piping Systems: Market Variables, Trends & Scope
Chapter 4 GRP Piping Systems: Product Estimates & Trend Analysis
Chapter 5 GRP Piping Systems: Application Estimates & Trend Analysis
Chapter 6 GRP Piping Systems: End-use Estimates & Trend Analysis
Chapter 7 GRP Piping Systems: Industrial End-use Estimates & Trend Analysis
Chapter 8 GRP Piping Systems: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 GRP Piping Systems: Manufacturers Company Profiles
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.