Lucintel Forecasts the Middle Eastern FRP Pipe Market to Reach $859 Million by 2030
Lucintel Forecasts the Middle Eastern FRP Pipe Market to Reach $859 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the Middle Eastern FRP pipe market looks promising with opportunities in the oil and gas, water/waste water, chemical/industry, and others in application. The Middle Eastern FRP pipe market is expected to reach an estimated $859 million by 2030 from $693 million in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are growing investment towards urban infrastructure development, establishment and upgrade of airports, capacity expansion in petrochemical plants, and establishment of power plants. Increasing demand from replacement of existing metal pipe in oil and gas exploration activities to get rid of corrosion problems also drive the FRP pipe market in the Middle East.
Browse 80 figures/charts and 20 tables in this 110-page report to understand trends, opportunity and forecast in Middle Eastern FRP pipe market to 2030 by application (oil and gas, water/waste water, chemical/industry, and others).
Water/wastewater will witness strong growth during the forecast period.
Establishment of water desalination plants to supply water for household and industrial applications, increasing awareness towards rainwater harvesting, and water recycling are the driving forces for this segment.
Amiantit, Future Pipe Industries, Abu Dhabi Pipe Factory, Hobas Pipe are the major suppliers in the Middle Eastern FRP pipe market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056