Growth Opportunities in Middle Eastern FRP Pipe Industry 2016-2021: Trends, Forecast, and Market Analysis
Irving, TX -- (SBWIRE) -- 09/02/2016 -- 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 is expected reach an estimated US $ $739.9 million by 2021 with a CAGR of 3.7% by value over the next five years 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.
This report has 44 figures/charts and 22 tables spread through 109 pages
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
By material type (Volume (Million Pounds/Kiloton) and $ Million shipment from 2010 to 2021):
-Vinyl Ester Composites
This 120-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites middle_eastern_frp_pipe_industry_2016_2021.aspx…… or email@example.com.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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?