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North America Frp Pipe Market Forecast 2019-2027

KEY FINDINGS
The North American FRP pipe market is growing at a CAGR of 4.49% through the forecast period 2019-2027. The increasing demands for strong, lightweight pipes coupled with their corresponding cost-effectiveness of the technology are mainly driving the market growth in the region. The United States and Canada from North America are considered for this market study.
MARKET INSIGHTS
The FRP manufacturing involves a firsthand knowledge of the business in this industry, for instance, one needs to know and understand the price fluctuations of raw material. As the replacement of pipes is quite difficult to determine, the customer seeks quality and well established and trustable brands. The FRP pipe market has been segmented by product type, fiber type, process, material and application. The oil and gas industry projects are the primary drivers for growth and development in the FRP pipe market since they have very strict performance product requirements. The market in Canada is witnessing significant growth due to the fiberglass FRP pipes are expected to meet the demand from increased exploration activities in shale gas search and production industry.
COMPETITIVE INSIGHTS
National Oilwell Varco, Inc., Enduro Composites, Inc., Sarplast SA, Saudi Arabian Amiantit Company, Fibrex FRP piping systems, Sekisui Chemical Co., Ltd. and Ershigs, Inc. (Denali incorporated) are the key companies operating in the North American FRP pipe market.
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North America Frp Pipe Market Forecast 2019-2027
Published By :Inkwood Research
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