DUBLIN, Ireland, April 16, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4rqrfv/opportunities_for) has announced the addition of the "Opportunities for FRP Pipe in North America 2013-2018: Market Size, Market Share and Forecast Analysis" report to their offering.
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The North American FRP pipe market is expected to witness moderate growth during 2013-2018 and reach $607 million by 2018. The North American FRP Pipe market promises good growth opportunities considering significant demands from end application industries such as oil and gas, water/wastewater, chemical, etc. Oil and Gas industry is observing significant acceptance of FRP pipes in the areas such as transmission network, flow lines, well-interventions, etc.
Demand for FRP pipes with large diameter is expected to increase over the next five years due to rise in demand of FRP pipes in various applications.
The study highlights key challenges such as economy slowdown, low growth rate in end application industries, decline in industrial investments, etc. prevailing in North America FRP pipe market. As compared to pipes made with traditional materials, price of FRP pipes are higher. This is a big challenge for the market as most customers attach more importance on immediate cost versus long-term savings in product lifecycle costs.
This report studies the major drivers of the industry. The companies are focusing more on innovations which would result in new applications and higher penetration of FRP pipes in multiple industries. FRP pipes have started to replace conventional pipes in niche applications like ultra-deep drilling in offshores, well intervention activities, etc. due to its associated advantages in performance parameters. FRP pipe offers high corrosion resistance in both inner and outer surfaces, which eliminate the need of lining process, i.e., a method for rehabilitating broken and cracked pipes. High corrosion resistance of FRP extends the life of the pipe systems, reducing overall operating cost of any plant. FRP pipes require low installation and maintenance cost.
This unique report 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.
Key Topics Covered:
1. Executive Summary
2. North American FRP Pipe Market Background and Characteristics
3. North American FRP Pipe Market Analysis
4. Financial (Profitability and Cost Structure) Analysis
5. Competitive Landscape and Growth Opportunities Analysis
6. Strategic Assessment of the Market
7. Expert Opinions
8. Company Profiles for Leading Players
For more information visit http://www.researchandmarkets.com/research/4rqrfv/opportunities_for
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets