What is Global Non-metallic Composite Pipe Market?
The Global Non-metallic Composite Pipe Market is a vast and dynamic sector that encompasses a variety of composite pipes made from non-metallic materials. These pipes are designed and manufactured to be durable, lightweight, and resistant to corrosion, making them ideal for a range of applications in various industries. The market is driven by the increasing demand for these pipes in various sectors, including construction, oil and gas, and water treatment, among others. The global market for non-metallic composite pipes is continually evolving, with new technologies and materials being developed to improve the performance and durability of these pipes. Despite the challenges posed by the COVID-19 pandemic, the market has shown resilience, with many companies adapting their operations to meet changing market demands. However, the market also faces several challenges, such as the high cost of these pipes and the need for specialized installation techniques. Despite these challenges, the market is expected to continue growing in the coming years, driven by the increasing demand for durable and corrosion-resistant pipes in various industries.
Reinforced Thermoplastic Pipes, Fiberglass Reinforced Plastic Pipes, Thermoplastics Lined FRP Composite Pipe, Steel PE Composite Pipe in the Global Non-metallic Composite Pipe Market:
The Global Non-metallic Composite Pipe Market includes several types of composite pipes, including Reinforced Thermoplastic Pipes, Fiberglass Reinforced Plastic Pipes, Thermoplastics Lined FRP Composite Pipe, and Steel PE Composite Pipe. Reinforced Thermoplastic Pipes are made by reinforcing thermoplastic materials with fibers, making them stronger and more durable. These pipes are widely used in various industries, including oil and gas, due to their high strength and resistance to corrosion. Fiberglass Reinforced Plastic Pipes, on the other hand, are made by reinforcing plastic materials with fiberglass, making them lightweight and highly resistant to corrosion. These pipes are commonly used in water treatment and other applications where corrosion resistance is critical. Thermoplastics Lined FRP Composite Pipe and Steel PE Composite Pipe are other types of composite pipes available in the market, each with their unique properties and applications. Despite the differences in their construction and materials, all these pipes share common features, such as high strength, lightweight, and resistance to corrosion, making them ideal for various applications.
Offshore, Municipal, Oil Field Ground, Downhole, Others in the Global Non-metallic Composite Pipe Market:
The Global Non-metallic Composite Pipe Market finds its usage in several areas, including Offshore, Municipal, Oil Field Ground, Downhole, and Others. In the offshore sector, these pipes are used for various applications, including oil and gas extraction, due to their high strength and resistance to corrosion. In the municipal sector, these pipes are used for water supply and sewage systems, thanks to their durability and resistance to corrosion. In the oil field ground, these pipes are used for transporting oil and gas from the extraction site to the processing facilities. In the downhole sector, these pipes are used for drilling and other downhole operations, thanks to their high strength and resistance to high temperatures and pressures. In other sectors, these pipes are used for various applications, depending on their specific properties and requirements.
Global Non-metallic Composite Pipe Market Outlook:
The global Non-metallic Composite Pipe market, valued at US$ 10220 million in 2022, is projected to reach a value of US$ 15310 million by 2029. This suggests a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period of 2023-2029. The reinforced thermoplastic pipes segment holds the majority market share, accounting for over 50% of the total market. This is due to their superior properties such as high strength and corrosion resistance. In terms of application, the offshore segment dominates the market with a share of about 50%. This is primarily due to the extensive use of these pipes in offshore oil and gas extraction activities.
| Report Metric | Details |
| Report Name | Non-metallic Composite Pipe Market |
| Accounted market size in 2022 | US$ 10220 in million |
| Forecasted market size in 2029 | US$ 15310 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Technip, GE Oil & Gas(Wellstream), National Oilwell Varco (NOV), Future Pipe Industries (FPI), AMIBLU, Farassan, Fibrex, Shawcor(Flexpipe Systems), Lianyungang Zhongfu, FlexSteel, Hengrun Group, Abu Dhabi Pipe Factory, Sarplast, SoluForce (Pipelife), Strohm, Polyflow, LLC, Prysmian, H.A.T-FLEX, Aerosun Corporation, Changchun GaoXiang Special pipe |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
