Sustainability will essentially be the foundation of the future piping industry. Glass Reinforced Plastic GRP Piping Market have been emerged as the optimal solution which not only involve innovative engineering, but increase the investment returns, as compared to the conventional pipe materials. These glass reinforced plastic pipes combine the benefits of durability, strength and corrosion resistance, and offer great design flexibility.These pipes are 10 times lighter as compared to concrete and result in an improved efficiency with lesser stresses, superior mechanical and chemical properties.

Glass Reinforced Plastic GRP Piping Market meet the most stringent requirements as far as the chemical resistance and mechanical strength are considered. A recent study by the Norwegian University of Life Sciences concluded that on account of the high efficiency of GRP pipes, they have a minimal negative environmental effect, in contrast to the other pipe materials. Such trends will encourage glass reinforced plastic piping market growth by 2024.

With the increasing popularity of nonmetallic thermosetting plastics, glass reinforced plastic GRP piping market has emerged as a prominent business sphere since the last few years. Glass-reinforced plastic has now come up as one of the effective alternative materials over metal parts for various construction applications such as sewage treatment and water supply. Oil and gas industry behemoths, in addition to regulatory bodies, have also been recommending the installation of GRP pipelines pertaining to their excellent corrosion resistance capability.

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Taking into account the surging applicability of plastic piping, the South African Plastic Pipe Manufacturers Association (SAPPMA) has set standards for plastic pipe producers to encourage the development of high quality and sustainable plastic piping. The growing involvement of regulatory bodies in product development and quality enhancement activities is thus slated to boost glass reinforced plastic piping market share over the years ahead.

In the last few years, the manufacturing capacity of Glass Reinforced Plastic GRP Piping Marketplayers has been increasing tremendously due to the growing adoption of plastic pipes. Most of the established manufacturers have also extended their reach across the developing economies. In most of the countries, the regional governments have been encouraging pipe manufacturers by investing in several construction projects such as irrigation, sewage control, and many more.

For instance, in order to use GRP pipes in irrigation and water projects, recently, the New Zealand government demanded pipes of specific diameters on a large scale. In fact, myriad vendors and manufacturers have now begun to establish themselves in New Zealand glass reinforced plastic piping market considering the long-term business opportunities in the nation.

The increasing usage of Glass Reinforced Plastic GRP Piping Marketin numerous projects from irrigation to mining and oil & gas to sewage treatments is likely to enhance the future product demand on a large scale. The rise in product requirement is expected to generate lucrative opportunities for the players in glass reinforced plastic (GRP) piping market. Powered by the shifting trends toward replacement of metallic piping with plastic piping systems mainly across the mining and oil & gas sectors, GRP piping market is forecast to generate a revenue of more than USD 8 billion by 2024.

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