Lucintel Anticipates the Middle East FRP Pipe Market to Grow at a CAGR of 3.1% during 2014-2019
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Fiber reinforced plastics (FRP) pipes are used in a variety of industries, such as, oil and gas, retail fuel, water and wastewater, sewage, and pulp and paper. The superior mechanical and anti-corrosion properties, low conductivity, and longer lifecycle make FRP pipes a natural choice both for general purpose and specialty applications. With increasing cost of iron and steel, FRP pipe has also emerged competitive in the large diameter pipe market, high-pressure areas, and elaborate pipe networks extending over several thousand kilometers. The demand for FRP pipes in the Middle East is increasing significantly in water and waste water, and oil and gas exploration industries. The water and wastewater segment is expected to be the leading application segment with more than 27% share in the Middle East FRP pipe market by 2018.
The establishment of new downstream petrochemical plants, high investment in the oil and gas exploration industry and increasing urbanizations will accelerate the FRP pipe market demand in the Middle East market.
The Middle East FRP pipe market is expected to grow at a CAGR of 3.1% during 2013-2018. Glass fibers and polyester resins will remain the materials of choice for FRP pipes manufacturing during the forecast period. NOV Fiber Glass Systems, Amiantit Group, Future Pipe Industries, Hobas Pipe, Farassan, and Abu Dhabi Pipe Factory, are some of the suppliers of FRP pipes for various applications in the Middle East.
Lucintel, a leading global management consulting and market research firm, has analyzed the Middle East FRP Pipes industry by end user industries and has come up with a comprehensive research report “Opportunities in Middle East FRP Pipe Industry 2014-2019: Customers, Competitors and Market Analysis.” This report provides an analysis of the Middle East FRP pipes market including an analysis of market trends, competitive landscapes, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes forecasts for the Middle East FRP pipe industry through 2019, segmented by end user industries, as follows:
The Middle East FRP pipe industry segmented by end user industries:
• Oil and gas
• Water and wastewater
• Chemical and industrial
This 109-page research report will enable you to make confident business decisions in Middle East FRP pipes industry. For a detailed table of contents and pricing information on this timely, insightful report, click on this link http://www.lucintel.com/reports/chemical_composites/opportunities_in_middle_east_frp_pipe_industry_2014-2019_customers_competitors_and_market_analysis_may_2014.aspx or contact Lucintel at +1-972-636-5056 or via email at [email protected] Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and Market Research Report.
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