The Chinese FRP Pipe Industry is Expected to Realize Good Growth and Reach an Estimated $1,290.8 Million by 2018

Irving, TX, November 08, 2014 --(PR.com)-- Fiber reinforced plastics (FRP) pipes are used in a variety of industries, such as oil and gas, retail fuel, water and waste water, sewage, and pulp and paper. Their superior mechanical and anti-corrosion properties, low conductivity, and longer lifecycle make FRP pipes a natural choice for both general purposes and specialty applications. With increasing cost of iron and steel, FRP pipes have also emerged competitive in the large diameter pipe market in high-pressure areas and in elaborate pipe networks extending over several thousand kilometers. Water and waste water is expected to be the leading application segment with more than 20% share in the Chinese FRP pipe market by 2018.

The growing demand for oil and natural gas and continuous rise in production capacity, mainly in the east and the north China are expected to drive the FRP pipe market. Rapid industrialization and infrastructural development in China also drives the FRP pipe market for water and waste water applications.

The Chinese FRP pipes industry is expected to realize good growth, both by value and volume and reach an estimated $1,290.8 million by 2018. Glass fibers and polyester resins will remain the materials of choice for FRP pipes manufacturing during the forecast period. In terms of application segments, water and waste water will be the major segment. Hengrun Group Co., Ltd., China National Building Material Company Limited, China Kingflare Group, NOV Fiber Glass Systems, and Sinoma JingJing Fiber Glass Co., Ltd. are some of the suppliers of FRP pipes for various applications in the Chinese market.

Lucintel, a leading global management consulting and market research company, has analyzed the Chinese FRP pipe market by applications and has come up with a comprehensive research report, “Opportunities in Chinese FRP Pipe Industry 2013-2018: Customers, Competitors, and Market Analysis.” This report provides an analysis of the Chinese FRP pipe market, including an analysis of the market trends, growth opportunities, emerging trends, customer analysis, and competitor analysis. The study also includes the Chinese FRP pipe market forecasts through 2018, segmented by applications as follows:

The Chinese FRP pipe market segmented by applications:
· Oil and Gas
· Retail Fuel
· Water/ Waste water
· Sewage
· Pulp/Paper
· Chemical /Industry
· Marine/Offshore
· Others

This 109-page composites materials market report will enable you to make confident business decisions in the Chinese FRP pipes industry. For a detailed table of contents and pricing information on this timely, insightful report and other carbon fiber market report click on this http://www.lucintel.com/reports/chemical_composites/opportunities_in_chinese_frp_pipe_industry_2013-2018_customers_competitors_and_market_analysis_september_2013.aspx or contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel
Lucintel has been in the business for 15 years and has served thousands of clients, ranging from small, emerging organizations to multinational Fortune 500 companies such as 3M, Ashland, Audi, Dow, GE, General Motors, and Momentive. Lucintel is a growth accelerator firm that helps companies with market entry strategy, growth financing, M&A services, market research, and strategic consulting services. Let us create a growth roadmap that meets your goals and budget. For further information, visit www.lucintel.com.