GRE Pipes Market

• Growing investment in the power-generating industry is driving the market growth

The rising investment in the power-generating industry is driving the market CAGR for GRE Pipes. Because of their practical resilience in corrosive and hostile environments, glass-reinforced epoxy pipes, also known as GRE pipes, are frequently utilized as a substitute for stainless steel pipes. GRE pipes are made using the discontinuous winding of filament technology, which involves processing fiberglass filaments and amine-cured resins made of epoxy in discontinuous winding equipment. These pipes are frequently utilized for offshore purposes such as brine shipping, water dredging, and transporting Gas because of their light qualities and good chemical resistance.

Additionally, they are utilized in drinking water transfer, power plants and chemical plant pipes, and other purposes. Other industrial uses include sewers for sanitation, emergency lines, gas transportation, injecting water & tubing, and casing. Proliferating needs in end-use sectors such as petrochemical and oil refineries, maritime, mineral extraction, and hydropower facilities are likely to drive market expansion. Increased industrial production in developing nations is expected to support market expansion in the future years. GRE pipes have a high safety factor, are resistant to high pressure, and have outstanding hydraulic effectiveness, allowing them to be used in various pipelines in diverse sectors.

Other elements boosting its popularity include its monetary benefits, such as extended lifespan and almost little post-installation service.

COVID-19 had a negative impact on the GRE pipe industry. The COVID-19 epidemic caused a drop in income and sales in the market. However, with the slow opening of enterprises, the GRE market is predicted to revive stepwise during the forecast timeframe. Manufacturers worldwide. The market is employing innovative business strategies to remain financially viable in the industry. The increasing usage of these pipes across multiple end-use sectors provides value-added possibilities for industry participants worldwide.

For instance, according to NITI AYOG, wastewater treatment facilities in India were worth USD 2.4 billion in 2019 and are predicted to be worth USD 4.3 billion by 2025. The rise in the municipality and wastewater treatment facilities due to increased water shortage drives the nation's GRE pipe market. Thus, it is anticipated that demand for GRE Pipes will increase during the projection period due to the rising investment in the power-generating industry. Thus, driving the GRE Pipes market revenue.

AMD announced the Radeon RX 7900 GRE graphics card for 2023 at today's ChinaJoy event. Contrary to popular belief, the new 'Golden Rabbit Edition' 16GB RDNA 3 GPU will be available worldwide, not just in China.

Wärtsilä, a technological business, and Danish ship operator A.P. Moller - Maersk collaborated in 2022 to develop a method for reducing corrosion in scrubber discharge pipes. The permanent in-pipe solution is intended to address the corrosion issues associated with open-loop scrubber washwater output. The majority of the estimated 5,000 scrubber systems in the global fleet are open-loop configurations. With this method, seawater is utilized to scrub SOx from the exhaust gas, and the spent water is subsequently dumped back into the sea after cleaning.

The Global GRE Pipes Market Industry experiences a notable surge in demand driven by extensive infrastructure development initiatives across various regions. Governments are increasingly investing in transportation, water supply, and sewage systems, which necessitate durable and corrosion-resistant materials like GRE pipes. For instance, the projected market value of the Global GRE Pipes Market is expected to reach 3.81 USD Billion in 2024, reflecting a robust growth trajectory. This trend is likely to continue as urbanization accelerates, leading to increased construction activities. The emphasis on sustainable and efficient materials further propels the adoption of GRE pipes in infrastructure projects.

The versatility of GRE pipes contributes significantly to the growth of the Global GRE Pipes Market Industry. These pipes find applications in diverse sectors, including oil and gas, water treatment, and chemical processing. Their resistance to corrosion and chemical degradation makes them ideal for transporting aggressive fluids and gases. As industries continue to expand and seek efficient solutions for fluid transport, the demand for GRE pipes is likely to increase. This trend is evident as the market evolves to cater to specific industry needs, further solidifying GRE pipes' position as a preferred choice in various applications.

In the Global GRE Pipes Market Industry, there is a growing emphasis on environmental sustainability, which significantly influences market dynamics. GRE pipes are recognized for their low environmental impact, as they are lightweight and require less energy for transportation and installation. This awareness is prompting industries to shift towards greener alternatives, aligning with global sustainability goals. As a result, the demand for GRE pipes is anticipated to rise, contributing to the market's projected growth. The market is expected to reach 5.71 USD Billion by 2035, indicating a strong commitment to environmentally friendly materials in construction and infrastructure.

Investment in renewable energy projects is a key driver of growth in the Global GRE Pipes Market Industry. As countries strive to transition towards sustainable energy sources, the demand for GRE pipes in wind, solar, and hydroelectric projects is on the rise. These pipes are utilized in various applications, including the transportation of fluids in energy generation processes. The increasing focus on renewable energy infrastructure is expected to bolster the market, with projections indicating a steady growth trajectory. The integration of GRE pipes in these projects aligns with global efforts to enhance energy efficiency and reduce carbon footprints.

Technological advancements play a crucial role in shaping the Global GRE Pipes Market Industry. Innovations in manufacturing processes enhance the quality and performance of GRE pipes, making them more appealing to various sectors. For example, advancements in resin formulations and production techniques improve the mechanical properties and longevity of GRE pipes. These developments not only meet the increasing demand for high-performance materials but also reduce production costs, thereby making GRE pipes more competitive in the market. The anticipated compound annual growth rate of 3.74% from 2025 to 2035 further underscores the positive impact of technology on market growth.

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American GRE Pipes market area will dominate this market during the projected timeframe because of the existence of widely recognized final-use industries like water treatment facilities and natural gas and oil sectors. In addition, the growing infrastructures for transporting oil and plentiful water for Gas from shale extraction will boost the market revenue in this region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: GRE Pipes Market Share by Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

The Europe region’s GRE Pipes market is expected to grow significantly during the projected timeframe because of the growing preference for GRE pipes against PVC pipes in various industrial sectors. Furthermore, there is an increasing need for GRE pipes in the region's petrochemical sectors. Further, the German GRE Pipes market holds the largest market share, and the UK GRE Pipes market is expected to grow and expand steadily in the European region during the projected timeframe.

The Asia-Pacific GRE Pipes Market accounts for the second-largest market share during the projected timeframe. This is due to increasing GRE pipe demand in end-use industries such as oil & gas. Increased industrialization and expenditure in the power-generating industry are two key factors for the APAC region's overall market growth. Moreover, China’s GRE Pipes market dominates the market share, and the Indian GRE Pipes market is expected to grow and expand significantly in the Asia-Pacific region during the projected timeframe.

Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the GRE Pipes market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.

The GRE Pipes industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the GRE Pipes industry to benefit customers and capture untapped market share and revenue. The GRE Pipes industry has recently offered significant advantages to the Oil and Gas industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the GRE Pipes market, including Saudi Arabian Amiantit Co. (Oman), National Oilwell Varco (US), Future Pipe Industries (Dubai), Shawcor Ltd (Canada), Lianyungang Zhongfu Lianzhong Composites Group Co.

Ltd (China), Hengrun Group Co., Ltd (China), a, are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.

NOV Inc. (National Oilwell Varco) is an MNC firm that supplies oilfield machinery, technology, and experience to meet gas and oil clients' security and productivity issues. The firm operates in over 500 locations on six continents and is organized into three operating segments: Rig Technologies, Completion & Production Solutions, and Wellbore Technologies. In November 2019, NOV opened a Fiber Glass Systems manufacturing plant in Dammam, Saudi Arabia. With a manufacturing area of 24,000 square meters, this factory will be among the initial ones in the country to manufacture spoolable and linked GRE pipe, GRE high-pressure pipeline, and downhole tubing and casings.

Haydale is a worldwide technologies and materials company that enables the incorporation of graphene and nanomaterials into the upcoming generations of business and industrial products. They have received granted patents on their technology, and it operates from six locations in the UK, the US, and the Middle East. The company has created a range of customized nano-enhanced compounds for thermosets and thermoplastic materials, elastomers and manufacturing oils, silicon carbide, inks and finishes, and 3D printing industries.

Haydale and Flowtite Technology AS signed a new collaborative development agreement in May 2020 to develop superior pipeline technologies that utilize revolutionary material science and technology, particularly Haydale-modified graphene-based thermosetting resin.