Glass Reinforced Epoxy (GRE) Pipes Market to Grow at CAGR of 4.8% During Forecast PeriodPosted by Kaustubh Ravan on April 23rd, 2024 The global glass reinforced epoxy (GRE) pipe market was valued over US$ 1.7 Bn in 2020. The global market is projected to rise at a CAGR of 4.8% during the forecast period, from 2021 to 2031. The global glass reinforced epoxy (GRE) pipe market is predicted to surpass the valuation of US$ 2.9 Bn by 2031. In the forthcoming years, the global glass reinforced epoxy (GRE) pipes market is projected to be driven by rising applications of GRE pipes in different end-use industries such as marine & offshore, oil & gas, water/wastewater, industrial applications, etc. Rise in use of GRE pipes in the chemical industry is anticipated to stimulate the growth of the global glass reinforced epoxy (GRE) pipes market. The lucrative existence of participants in the global glass reinforced epoxy (GRE) pipe market is likely to generate considerable revenues. The demand is being fueled by growing usage of glass reinforced epoxy (GRE) as a carbon steel substitute in industrial pipes. Besides, GRE pipes are in high demand due to its superior features, which include lightweight, high mechanical properties, resistance to corrosion, low thermal conductivity, and chemical resistance. Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31817 In 2020, the global glass reinforced epoxy (GRE) pipe market was led by Asia Pacific in terms of revenue. The regional demand for glass reinforced epoxy (GRE) pipe is expected to grow due to increase in disposable income of consumers, scientific & technological breakthroughs, and expansion of the middle class population. Besides, increase in investments by product manufacturers and expansion of processing facilities can be attributed to the development of the glass reinforced epoxy (GRE) pipe market in North America. Market Segmentation
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Future Outlook The GRE pipes market is poised for significant growth, driven by ongoing infrastructure projects, increasing industrialization, and environmental regulations favoring sustainable materials. Innovations in composite materials and manufacturing processes will further enhance the performance and cost-effectiveness of GRE pipes. Key Market Study Points
Competitive Landscape and Recent Developments Leading companies in the GRE pipes market include Amiantit, Future Pipe Industries, Abu Dhabi Pipe Factory, HOBAS, and Sarplast. Recent developments such as product launches, mergers, and acquisitions signify the dynamic nature of the market as players strive to innovate and expand their market presence. Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=31817<ype=S About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll-Free: 866-552-3453 Like it? Share it!More by this author |