Published by Wanda Rich
Posted on April 23, 2025
Oil & Gas Application to Act as Wedge to Glass Reinforced Epoxy (GRE) Pipes Market over Long-run, Evaluates FactMR.
As per the latest market analysis report on glass reinforced epoxy (GRE) pipes market by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 2.62 Bn in 2022, while expanding at a CAGR of around 5.4% over the period of 2022-2032, mainly due to growing demand for GRE pipes for oil & gas transportation across regions.
Over the past half-decade, dependency on oil & gas for energy has increased on the back of the phase down of coal utilization for energy across regions. This has proportionately enhanced oil exploration projects, providing a positive scenario for GRE pipes for crude oil transportation.
Furthermore, rising petrochemical integration across regions has also provided an impetus to glass-reinforced epoxy pipe demand over the past half-decade.
Attributed to above discussed factors, GRE pipe application in oil fields is projected to account for around 69% of overall consumption and provide an absolute dollar opportunity worth US$ 1.5 Bn through 2032.
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Key Takeaways from Market Study
“Oil & gas supply disruptions in Europe are anticipated to dent global GRE pipe demand over the short term,” says a Fact.MR analyst.
GRE Pipes Market: Historical Overview (2017–2021) vs. Forecast Outlook (2022–2032)
Between 2017 and 2021, the glass reinforced epoxy (GRE) pipes market witnessed steady growth, largely driven by the oil & gas sector's efforts to streamline operations and reduce cost inefficiencies. The inherent advantages of GRE pipes—such as lighter weight and lower maintenance requirements compared to seamless steel pipes (SSP)—further supported market expansion during this period, registering a CAGR of 4.3%.
In 2021, global consumption of GRE pipes reached approximately 557 kilotons. The oil & gas industry accounted for a significant portion of this demand due to widespread use in applications such as brine transmission, desalination projects, oil & gas conveyance, and offshore cooling water and drainage systems.
Despite a broader slowdown in global pipe demand, GRE pipes continued to gain traction, especially in regions experiencing a surge in oil & gas infrastructure projects. Countries in the Gulf Cooperation Council (GCC) and the United States emerged as key markets during this period.
In early 2022, the European market experienced a major disruption due to sanctions imposed on Russia. These sanctions reshaped the energy trade landscape, reducing Europe's dependency on Russian oil and resulting in the suspension of ongoing and upcoming projects, ultimately stifling demand for GRE pipes across the continent.
Looking ahead, the GRE pipes market is expected to expand in three distinct phases:
As of 2022, oil field applications dominate the GRE pipes market, accounting for over 70% of the total demand. A regional and application-based cross-matrix analysis indicates that growth will continue to be unevenly distributed, with opportunities concentrated in sectors and geographies undergoing infrastructure expansion and modernization.
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Winning Strategy
GRE pipe producers are gradually trying to optimize their supply chains by targeting oil & gas suppliers. Furthermore, glass reinforced epoxy pipe manufacturers are aligning their product lines in accordance with crude type and diameter, enhancing customer retention, especially in the United States and GCC countries.
Apart from supply chain optimization, manufacturers are focussing on diversification of their product line to capture the white spaces in water and waste water treatment.
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