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Frp Water Wastewater Pipe Market | Covid-19 Impact Analysis
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s FRP water/wastewater pipe market realities and future market possibilities for the forecast period of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for FRP water/wastewater pipes at the global-, regional-, as well as country-level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenario. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
FRP Water/Wastewater Pipe Market: Highlights
FRP (fiberglass-reinforced plastic) pipe is generally made up of resin such as polyester, vinyl ester, epoxy reinforced with glass fiber. Over the eons, FRP pipes have emerged as one of the most favored alternatives to conventional pipes, such as steel, concrete, and plastics, in water/wastewater applications, owing to their greater durability and excellent corrosion resistance. Being up to 75% lighter than steel pipe, FRP pipe allows faster installation and demand lower installation as well as maintenance cost. FRP pipes effectively maintain the temperature because of their low thermal insulating property. Other than water/wastewater, FRP pipes are also widely used in chemical & industrial, oil & gas, and marine & offshore applications.
Impact of COVID-19 on the Global FRP Water/Wastewater Pipe Market
The COVID-19 outbreak has severely impacted the infrastructure spending of the world including spending on water/wastewater infrastructure. Also, there has been a sharp plummet (-27%) in the demand for water from industrial and commercial users in the wake of the pandemic. A similar decline is estimated in the demand for FRP pipes in water/wastewater applications in the year 2020. It is anticipated that the market will log a V-shaped curve similar to the previous downturn, such as SARS (2003) and The Great Recession (2008-2009). However, the curve of the V-shape would be deeper than the ones registered in SARS and MERS with huge short-term repercussions. The FRP pipe market for water/wastewater applications is anticipated to plateau in 2021, followed by sequential growth, ultimately forming a healthy CAGR of 4.1% during 2021-2026.
FRP Water/Wastewater Pipe Market Share Analysis
Sewer & Storm Water to be the Most Dominant Application Type
Based on the application type, the market is segmented as water transmission & distribution, sewer & stormwater, drainage, and others. Sewer & stormwater is likely to remain the most dominant application type in the market during the forecast period. Concrete and steel are the most dominant material pipe materials used for sewer & stormwater applications. Over the eons, the industry noticed a gradual shift from conventional pipes to FRP pipes, driven by their long list of benefits including durability and extended the system’s life cycle, making FRP pipe an economical solution for the water/wastewater application.
Polyester Maintains its Ubiquitous Lead in the Market
Based on the resin type, the market is classified as polyester, vinyl ester, and epoxy. Polyester is likely to remain the most dominant resin type in the market during the forecast period. Water/wastewater is a price-sensitive application and demands products at a competitive price. Polyester resin has the lowest cost among thermoset resins including vinyl ester and epoxy and offers excellent chemical and corrosion resistance and moderate mechanical, physical, and thermal properties. The resin system has an unassailable dominance across regions.
Filament Winding Has Incessantly Been Gaining Preference.
Based on the manufacturing process type, the market is classified as filament winding, centrifugal casting, hand lay-up, spray lay-up, and others. Filament winding is likely to remain the most dominant manufacturing process in the market during the forecast period. The filament winding process allows continuous fiber reinforcement in the circumferential direction of the pressure pipe where the principal stress applies, resulting in higher-performing product development at a lower cost. All the major players can fabricate FRP pipes through the filament winding process. A handful of players can fabricate FRP pipes through the centrifugal casting.
water transmission & distribution, sewer & stormwater, drainage,
Asia-Pacific Will Maintain Its Leading Position
All regions are expected to mark a huge decline in 2020 in the wake of the COVID-19. Despite being hard-hit by the pandemic, Asia-Pacific is estimated to manage its lead in the global market by 2026. Also, the region is likely to heal up with the fastest pace in the post-pandemic market developments. China, India, and Malaysia are the growth engines of the region’s market, heavily fabricating FRP pipes using polyester and vinyl ester resins through the filament winding process.
North America and Europe are relatively mature markets with sizeable demand for FRP pipes for water/wastewater applications in years to come. The demand for FRP pipes is estimated to rejuvenate from 2021 onwards, followed by sequential growth in years to come. All the major global players, such as Future Pipe Industries, have a presence in both regions.
The supply chain of this market comprises raw material suppliers, FRP water/wastewater pipe manufacturers, distributors, and end-users. The key players in the market are Amiantit Fiberglass Industries Limited, Amiblu Holding GmbH, Farassan Man. & Ind. Company, Future Pipe Industries, Hengrun Group Co. Ltd., Kinflare Group, Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. National Oilwell Varco Fiberglass Systems, Sekisui Chemicals, and WIG Wietersdorfer Holding GmbH.
Some of the Key Strategic Alliances in the Market:
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all three countries and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The FRP water/wastewater pipe market is segmented into the following categories.
FRP Water/Wastewater Pipe Market, By Application Type
FRP Water/Wastewater Pipe Market, By Resin Type
FRP Water/Wastewater Pipe Market, By Diameter Type
FRP Water/Wastewater Pipe Market, By Manufacturing Process Type
FRP Water/Wastewater Pipe Market, By Region
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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