LONDON, Dec. 14, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the Middle East FRP pipe market looks good with opportunities in the water/wastewater, chemical/industrial, and onshore oil and gas industries. The Middle East FRP (fiber reinforced plastic) pipe market is forecast to grow at a CAGR of 3.7% by value from 2016 to 2021.The major drivers of growth for this market are increase in construction of water supply systems, development of sewage treatment, and the expanding offshore oil and gas industry.
In this market, glass fiber with polyester, vinyl ester, and epoxy resins are used to manufacture FRP pipes. Lucintel predicts that the demand for epoxy composites in FRP pipes is expected to experience the highest growth in the forecast period, supported by growing demand in water/wastewater, oil and gas, and chemical applications. On the basis of its comprehensive research, Lucintel forecasts that the water/waste water and chemical segments are expected to show above average growth during the forecast period.
Within the FRP pipe market, water/waste water is expected to remain the largest market by value and volume consumption. Increasing establishment of water desalination plants to supply water for industrial and household application to provide potable water is expected to spur growth for this segment over the forecast period.
For business expansion, the report suggests innovation and new product development, to manufacture low-cost FRP pipe. Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of onsite manufacturing facilities and increasing rehabilitation activities of pipelines. Future Pipe Industries, Aminatit Group, Advanced Pipe and Cast Company, Farassan, and Hobas Pipe are among the major suppliers of FRP pipe.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in middle eastern FRP pipe industry by end-use industry and material type and has come up with a comprehensive research report, "Growth Opportunities in Middle Eastern FRP Pipe Industry 2016-2021: Trends, Forecast, and Market Analysis ." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for opportunities in middle eastern FRP pipe industry by end-use industry and material type as follows:
By end use industry (Volume (Million Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
Oil and Gas Water and Wastewater Chemical/ Industrial Others
By material type (Volume (Million Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
Polyester Composites Vinyl Ester Composites Epoxy Composites
This report answers following 10 key questions:
Q.1. What are some of the potential, high-growth opportunities in the Middle East FRP Pipe Market by end use applications and material type?
Q.2. Which product segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges in the market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are emerging trends in this market and reasons behind them?
Q.6. What are some changing demands of customers in the market?
Q.7. What are the new developments in the market and which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9. What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.10.What M & A activities has transpired in the last 5 years in this market and what is its impact on the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the Middle Eastern FRP Pipe Market by End Use Application from 2016 to 2021" include:
Market size estimates: Middle Eastern FRP pipe market size estimation in value ($M) and Volume (M lbs).Trend and forecast analysis: Middle Eastern FRP pipe market trend (2010-2015) and forecast (2016-2021) by segment.Segmentation analysis: Middle Eastern FRP pipe market size by various end use applications such as oil and gas, water/ wastewater, chemical/ industrial, and others; both in terms of value and volume.Growth opportunities: Analysis on growth opportunities in different segment and regions. Strategic analysis: This includes M&A, new product development, and expansion strategies of manufacturers in the Middle Eastern FRP pipe market.Emerging applications: Emerging applications of Middle Eastern FRP pipe market in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model
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