Glass Reinforced Epoxy (GRE) Pipe Market: Introduction
Transparency Market Research delivers key insights on the global glass reinforced epoxy (GRE) pipe market. In terms of revenue, the global glass reinforced epoxy (GRE) pipe market is estimated to expand at a CAGR of 4.8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global glass reinforced epoxy (GRE) pipe market.
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The global glass reinforced epoxy (GRE) pipe market is broadly affected by several factors, including rise in usage of glass reinforced epoxy (GRE) pipe in the oil & gas industry. Rise in demand for glass reinforced epoxy (GRE) pipe in the chemical industry is also propelling the global glass reinforced epoxy (GRE) pipe market.
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Glass Reinforced Epoxy (GRE) Pipe Market: Dynamics
GRE pipes maintain up to 70 bar pressure, and temperature up to 150˚C. Mechanical property of GRE pipe is quite high as compared to others pipes. Life of GRE pipe is much longer than others. The weight of the GRE pipe is very less. Thus, GRE pipes can replace existing pipes.
Cement pipes are used for the supply of drinking water, wastewater, gases, and fumes. These can be replaced by GRE pipes, as GRE pipes have good mechanical property compared to cement pipes. GRE pipes are 70% lighter than cement pipes. GRE pipe is also available in diameters from 25mm up to 1200mm in various strength classes, and minimum diameter of cement is 100 mm. Thus, pipes below 100 mm diameter can be replaced by GRE pipes.
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GRE pipe is a promising alternative for cast iron pipes due to their good corrosion resistance. GRE pipes have antifouling and anti-mite properties; therefore, the surface of the resin is clean and smooth, and does not get contaminated by microorganisms. GRE pipes also have good heat resistance and frost resistance. This helps pipes withstand different temperatures.
GRE pipes have good operating and design temperatures compared to high density polyethylene pipes. GRE pipes do not undergo stress even at high temperatures. These pipes can handle more pressure than HDPE pipes. Their installation process is also quite easy. HDPE pipes are only available up to 600 diameters. Therefore, GRE pipes can be used above 600 mm. Life of GRE pipes is much longer than that of HDPE pipes.
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Glass Reinforced Epoxy (GRE) Pipe Market: Prominent Regions
Based on region, the global glass reinforced epoxy (GRE) pipe market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
In terms of revenue, Asia Pacific dominated the global glass reinforced epoxy (GRE) pipe market in 2020. Rise in middle class population, increase in disposable income of consumers, and advancements made in science and technology are anticipated to fuel the demand for glass reinforced epoxy (GRE) pipe in the region.
Growth of the GRE pipe market in North America can be ascribed to the rise in investments in product manufacturers as well as processing units.
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The GRE pipe market in Europe is also expected to expand at a significant peace during the forecast period. The region is characterized by innovative growth and stringent regulations. Supportive governmental policies toward the usage of biodegradable plastics and increase in awareness about biodegradable products among consumers are key factors boosting the glass reinforced epoxy (GRE) pipe market in Europe.
Glass Reinforced Epoxy (GRE) Pipe Market: Key Players
The global glass reinforced epoxy (GRE) pipe market is fragmented, with the presence of large numbers of players. Key players operating in the global glass reinforced epoxy (GRE) pipe market are Amiantit Fiberglass Industries Limited, Future Pipe Industries, National Oilwell Varco, Amerplastics, HOVOY Composite, Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., SUZHOU JIUMEI FIBER GLASS Co, Ltd., Megha Engineering & Infrastructures Limited, EPP Composites Pvt. Ltd., and HLB Co. Ltd.
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