Lucintel Anticipates Middle East FRP Pipe Industry To Grow At A CAGR Of 3.1% During 2014-2019
Middle East FRP pipe industry is expected to grow at a CAGR of 3.1% during 2014-2019. The major drivers of Middle East FRP pipe industry 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.
Lucintel, a leading global management consulting and market research firm, has analyzed the global Middle East FRP Pipe industry by segments and has come up with a comprehensive research report “Opportunities in Middle East FRP Pipe Industry 2014-2019: Customers, Competitors and Market Analysis.” This report provides an analysis of Middle East FRP pipe market including an analysis of market trend, competitive landscape, company profiles, mergers and acquisitions, emerging trend, and key drivers of industry growth. The study also includes trends and forecasts for Middle East FRP pipe industry through 2019, segmented by applications such as follows
- Oil and gas
On the basis of its comprehensive research, Lucintel forecasts that Middle East FRP pipe industry will grow moderately during 2014-2019. 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, Farrasan, and Hobas Pipe are the major manufacturers of FRP pipe in different applications in the Middle East market.