High Pressure GRE Pipe Market Size, Share, Growth, and Industry Analysis, By Type (Diameter: 1-1/2” and Diameter：10”), By Application (Oil & Gas, Mining, Ship and Marine, Industrial and Other), Regional Forecast To 2031

Updated On: 22 April 2024

High Pressure GRE Pipe Market Report Overview

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The global high pressure GRE pipe market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A high-pressure GRE pipe refers to a pipe made from Glass Reinforced Epoxy (GRE) material that is designed to withstand high-pressure applications. GRE pipes are composite materials consisting of an inner liner made of resin-rich layers reinforced with glass fibres.

GRE pipe technology is based on the Discontinuous Filament Winding process using high strength fiberglass (E-glass) and amine cured epoxy resin as basic material. GRE pipes are known for their excellent corrosion resistance, high strength-to-weight ratio, and durability. They are commonly used in various industries, including oil and gas, chemical processing, desalination plants, and offshore applications.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has had various effects on industries worldwide, including the high pressure GRE pipe market share. The pandemic led to disruptions in global supply chains due to lockdown measures, travel restrictions, and reduced manufacturing activities. This disruption could have affected the production and availability of high pressure GRE pipe, causing delays in project timelines and supply shortages. The economic slowdown caused by the pandemic, particularly in sectors like oil and gas, construction, and infrastructure, may have resulted in reduced demand for high pressure GRE pipe. Many projects were put on hold or postponed, leading to a decline in new installations or replacements of pipes. Due to lockdowns, social distancing measures, and other restrictions, many construction and infrastructure projects faced delays or were halted. These delays could have impacted the demand for high pressure GRE pipe, as well as the overall market growth.

Latest Trends

"Increasing adoption in water and wastewater treatment is expected to fuel the growth in the market"

GRE pipes have gained significant traction in the water and wastewater treatment industry due to their inherent properties that make them well-suited for handling corrosive and chemically aggressive environments. One of the key advantages of High pressure GRE pipe is their exceptional resistance to corrosion. In water and wastewater treatment facilities, where pipes are exposed to various chemicals, acids, and corrosive substances, High pressure GRE pipe offer superior durability and longevity compared to traditional materials such as steel or concrete. This corrosion resistance helps prevent leaks, maintenance issues, and costly downtime, making High pressure GRE pipe a preferred choice. High pressure GRE pipe exhibit excellent chemical compatibility, allowing them to withstand the presence of aggressive chemicals commonly encountered in water and wastewater treatment processes. Whether it's the transportation of chemical-laden wastewater or the conveyance of corrosive fluids within treatment plants, GRE pipes maintain their structural integrity and performance over time. High pressure GRE pipe have a long service life and require minimal maintenance. Their resistance to corrosion and chemical degradation means they can operate reliably for extended periods without the need for frequent replacements or repairs

High Pressure GRE Pipe Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Diameter: 1-1/2” and Diameter：10”

• By Application Analysis

Based on application, the market can be divided into Oil & Gas, Mining, Ship and Marine, Industrial and Other.

Driving Factors

"Durability and longevity to foster the market growth"

Durability and longevity are driving factors that have significantly contributed to the growth of the high pressure GRE pipe market. These pipes are engineered to withstand demanding operating conditions and harsh environments. Industries that operate in extreme conditions, such as offshore oil and gas exploration, greatly benefit from the durability of high pressure GRE pipe. With their resistance to corrosion, GRE pipes can effectively withstand exposure to saltwater, high pressures, and extreme weather conditions, ensuring reliable performance over extended periods. The long service life of high pressure GRE pipe is another key advantage. These pipes require minimal maintenance and have reduced replacement costs compared to traditional materials. Their resistance to corrosion and chemical degradation minimizes the need for frequent replacements or repairs, resulting in cost savings and reduced downtime. This durability and longevity make GRE pipes a cost-effective choice for industries where reliable and long-lasting piping systems are essential.

"Growing industries and infrastructure development to result in the expansion of the market"

The high pressure GRE pipe market is strongly driven by the growth of industries and infrastructure development worldwide. Several sectors rely on high-pressure piping systems, creating a significant demand for GRE pipes to support their operations and expand their infrastructure. In the oil and gas industry, both onshore and offshore, high pressure GRE pipe are in high demand. These pipes provide corrosion resistance, strength, and suitability for subsea applications, making them a preferred choice for transporting oil, gas, and other fluids under high pressures. Chemical processing plants also benefit from high pressure GRE pipe. These plants often handle aggressive chemicals, acids, and corrosive substances. The corrosion resistance and durability of GRE pipes make them a reliable and long-lasting solution for the transportation and processing of such chemicals. Water and wastewater treatment facilities require corrosion-resistant piping systems to handle corrosive fluids and chemicals. GRE pipes offer the necessary corrosion resistance, chemical compatibility, and smooth inner surface required for efficient flow and reduced contamination risks.

Restraining Factors

"Regulatory and certification requirements to hamper the market growth"

Compliance with industry standards, certifications, and regulatory requirements is crucial for the adoption of high pressure GRE pipe in different applications. Meeting these requirements can involve additional testing, documentation, and verification processes, which can increase costs and time to market. The complexity of navigating various regulatory frameworks and obtaining necessary certifications can act as a restraint, particularly for smaller manufacturers or companies entering new markets.

High Pressure GRE Pipe Market Regional Insights

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"Asia-Pacific to lead the market owing to the increasing oil and gas exploration. "

Asia-Pacific has shown significant high pressure GRE pipe market growth. Asia-Pacific countries are actively exploring and developing their oil and gas reserves. This includes offshore exploration and the construction of pipelines to transport extracted resources. High Pressure GRE Pipe are commonly used in offshore and onshore oil and gas pipelines due to their corrosion resistance, lightweight nature, and high-pressure handling capabilities.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Future Pipe Industries (FPI): Dubai, United Arab Emirates
• National Oilwell Varco (NOV): Houston, Texas, United States
• Amiantit: Dammam, Saudi Arabia
• Shandong Ocean Pipe: Shandong, China
• Advanced Piping Solutions: Perth, Australia
• Lianyungang Zhongfu: Jiangsu, China
• Abu Dhabi Pipe Factory: Abu Dhabi, United Arab Emirates
• Amerplastics: Houston, Texas, United States
• Chemical Process Piping (CPP): Kuala Lumpur, Malaysia
• HLB: Buenos Aires, Argentina

Report Coverage

This report examines an understanding of the high pressure GRE pipe market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.