Growth Opportunities in the Middle Eastern FRP Pipe Industry 2016-2021
According to a new market report published by Lucintel, the future of the Middle East FRP pipe marketlooks good with opportunities in the water/wastewater, chemical/industrial, and onshore oil and gasindustries. The Middle East FRP (fiber reinforced plastic) pipe market is forecast to grow at a CAGR of3.7% by value from 2016 to 2021.The major drivers of growth for this market are increase in constructionof water supply systems, development of sewage treatment, and the expanding offshore oil and gasindustry.
In this market, glass fiber with polyester, vinyl ester, and epoxy resins are used to manufacture FRPpipes. Lucintel predicts that the demand for epoxy composites in FRP pipes is expected to experiencethe 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 thewater/waste water and chemical segments are expected to show above average growth during theforecast period.
Within the FRP pipe market, water/waste water is expected to remain the largest market by value andvolume consumption. Increasing establishment of water desalination plants to supply water for industrialand household application to provide potable water is expected to spur growth for this segment over theforecast period.
For business expansion, the report suggests innovation and new product development, to manufacturelow-cost FRP pipe. Emerging trends, which have a direct impact on the dynamics of the industry, includethe introduction of onsite manufacturing facilities and increasing rehabilitation activities of pipelines.Future Pipe Industries, Aminatit Group, Advanced Pipe and Cast Company, Farassan, and Hobas Pipeare among the major suppliers of FRP pipe.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growthopportunities in middle eastern FRP pipe industry by end-use industry and material type and has comeup with a comprehensive research report, “Growth Opportunities in Middle Eastern FRP Pipe Industry2016-2021: Trends, Forecast, and Market Analysis .” The Lucintel report serves as a spring board forgrowth 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 industryand 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
OthersBy material type (Volume (Million Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
Vinyl Ester Composites
Epoxy CompositesThis report answers following 10 key questions:
Q. 1. What are some of the potential, high-growth opportunities in the Middle East FRP Pipe Market byend 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 themarket?
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 thesedevelopments?
Q.8.Who are the major players in this market? What strategic initiatives are being implemented by keyplayers for business growth?
Q.9. What are some of the competitive products in this area and how great a threat do they pose for lossof 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 theindustry?This unique report from Lucintel will provide you with valuable information, insights, and tools needed toidentify new growth opportunities and operate your business successfully in this market. This report willsave hundreds of hours of your own personal research time and will significantly benefit you in expandingyour business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This marketreport 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 UseApplication 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 applicationssuch as oil and gas, water/ wastewater, chemical/ industrial, and others; both in terms of valueand volume.
Growth opportunities: Analysis on growth opportunities in different segment and regions.
Strategic analysis: This includes M&A, new product development, and expansion strategies ofmanufacturers in the Middle Eastern FRP pipe market.
Emerging applications: Emerging applications of Middle Eastern FRP pipe market in variousmarkets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model