Lucintel Anticipates Waste Water Segment to Drive the Chinese FRP Pipe Industry During 2013-2018
Irving, TX, October 05, 2013 --(PR.com
)-- FRP pipe is used in various applications, such as oil and gas, retail fuel, water/waste water, sewage, pulp and paper, chemical/industrial, marine/offshore, and other applications. The industry is expected to reach $1,290.8 million by 2018. The waste water segment remained the largest segment during trend period and projected to remain so in the forecast period (2013-2018) as well. The wide number and variety of FRP pipe products and applications under development is a positive factor for continuous growth of FRP pipe.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the Chinese FRP pipe industry and presents its findings in “Opportunities in the Chinese FRP Pipe Industry 2013-2018: Customers, Competitors, and Market.” The report includes forecast of market size by application, both by value and volume of FRP pipe, which is expected to be consumed during 2013-2018. Emerging application area and growth drivers for distinct applications facilitates formulation of action plans.
The report briefly describes that China FRP pipe market is directly affected by the government and financial institutional investment decisions. Economic slowdown, recession, and other financial deficiencies led to low government investment in various infrastructural projects, which directly affect the FRP pipe market. FRP pipe manufacturers use materials, such as epoxy, polyester and vinyl ester resin, derived from oil and/or natural gas or chemicals.Therefore, fluctuations in global oil prices have a cascading effect on the price of raw materials.
Lucintel gives a concise overview of the driving factors of the Chinese FRP pipe industry. Rapid industrialization, urbanization, and infrastructure development projects in developing and developed nation drives the industry. Changes in Chinese investment policies, high economic growth through proper allocation and utilization of resources, control over foreign-currency, help the foreign manufacturer to collaborate or to establish new plant in China.
All the major China oil fields are mature with gradual increase in production capacity. As the energy demand rises gradually, leading oil companies are focusing on untapped oil and gas reservoirs in the western part of China to meet the market demand. Promotion of natural gas as an alternate source of energy in many household applications and chemical and fertilizers industries also drive China FRP pipe market.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at email@example.com.Lucintel provides Market Research Reports, Strategic Growth Consulting and Due Diligence services to clients around the world.