One of the most widely seen applications of FRP is in the manufacturing of FRP pipes. Used in a range of industries — from wastewater management to oil and gas. Although the cent global slowdown has impacted the industry outlook, all signs indicate that it is well on its way to recovery now with the worldwide industry now posting robust figures.
FRP pipes India is one of the important sectors in the global industry. Part of emerging Indian economy, it had a major role in reviving the global market. The good news is that most forecasts predict that this growth will continue impressively in the next decade as global economy picks up.
The growth in India echoes the overall growth in the Asia-Pacific region, which dominated the world market in terms of value. The market is expected to reach close to USD 4 billion by 2020 from 2014 to 2019. Interestingly, Asia-Pacific is also the biggest buyer for FRP pipes. It is followed by North America.
Together the two regions account for more than 65% of the market in terms of value. The trend is likely to continue to 2020 as Asia-Pacific cements its position as the leader in the market. Applications of the FRP pipes are found in:
- Oil & gas
- Water distribution
- Wastewater management
- Chemical industry
- Marine and offshore industry
Drivers of growth
The growth of this market is governed by multiple factors and related growth in other industries. The reason for high demand of FRP pipes is its composition, which makes it highly resistant to corrosion and lightweight. This means it has wide application in a number of industrial sectors. Let us look at just some of the drivers of growth in the industry.
The major drivers for the market are the Middle East and North America where a number of different industries are expected to drive up demand. Some of the driving factors here are:
Increasing exploration in oil and gas:
One of the common uses of FRP pipes India is in offshore industries like oil and gas exploration. FRP pipes are used for myriad purposes here, from carrying effluent to handling seawater. FRP’s non-corrosive properties make them ideal for carrying corrosive material like oil. Its imperiousness to salt water adds to its utility in the oil industry.
As oil demands continue to peak, the increasing pressure on oil exploration means that we will need more and more equipment for exploration, mining and purification of crude oil. There is particularly high need for large diameter pipes that can withstand high pressure.
Increasing requirement for wastewater management:
In India there is severe shortage of wastewater treatment plants and supporting infrastructure. In fact, the present facilities are incapable of meeting even half of the requirement. As awareness of its negative consequences increase, there is an increasing demand for more facilities. This means an increasing demand for FRP pipes. As more and more private and public plants open up in the next few years, the demand for FRP pipes will also go up.
Growth in domestic industrial sector:
FRP pipes are in high demand across various industries. From chemical industries to F&B, its non-corrosive properties make it ideal for any industry where we are dealing with transportation of corrosive material or exposure to a hostile environment. Since both factors are found in a number of industries, the growth of manufacturing itself is a strong driving factor. Since the government has pledged its support to the sector, we expect a healthy growth in demand.
Infrastructure requirement: This is another major driver of growth. With many Asian countries falling in emerging economies, there is a furious pace of infrastructure development. This involves a large usage of FRP pipes. One of the major applications here lie in the construction industry where pipes are laid out in buildings for water and sewage. Their lightweight and durability makes them ideal in this field.
FRP pipes are also majorly used in municipal water distribution network. Because of their resistance to corrosion, these pipes can be laid underground.
With a rise in global demand, FRP pipes India are also expected to record healthy figures in the coming years. Increased infrastructure spending, industrial growth and the rising demand in the oil and gas sector is expected to fuel this demand.