The Chinese FRP pipe industry is expected to realize good growth both by value and volume and reach an estimated $1,290.8 million by 2018.
April 14, 2014 (Newswire) - The Chinese FRP pipe industry is expected to realize good growth both by value and volume and reach an estimated $1,290.8 million by 2018. FRP pipe material shipments, by definition, account for all materials used in the process, including resins and reinforcements. Fiber reinforced plastics continue to increasingly find their way into more applications for storing or transporting corrosive materials, which point to future potential for significant growth of FRP pipes.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the application of FRP pipes and their market in China and presents its findings in "Opportunities in Chinese FRP Pipe Industry 2013-2018: Customers, Competitors, and Market Analysis". From the analysis presented, FRP pipe raw materials suppliers as well as FRP pipe manufacturers are projected to recognize that potentially valuable opportunities exist in the Chinese pipe market.
Lucintel market research report analyses that changes in China's investment policies, political environment change, restriction on production and investment, foreign currency fluctuation, income tax, strict land and environment related regulations remain as challenges for the market. As compared to traditional pipe, price and manufacturing cost of FRP pipe is higher.
The report also focuses on the key drivers. Growing oil market, continuous rise in production, especially in oil and gas production capacity in East China and North China are expected to drive the Chinese FRP pipe market. Penetration of new piping application markets such as mining market, coal-bed methane and shale gas exploration, etc. will create potential growth opportunity for FRP pipe.
China FRP pipe market has witnessed a steady growth and is expected to continue its growth momentum. Superior mechanical and anti-corrosion properties, low electrical conductivity, and longer life cycle make FRP pipe suitable for several new and emerging market applications, such as hydrocarbon plants, fume and duct removable, firefighting utilities, etc. Lucintel offerings include Composites Market Report and Advanced Materials Consulting.
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