The global fiberglass pipes market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Fiberglass pipes are composite material-based pipes manufactured by combining glass fibers, fillers, and polyester resins. They exhibit various properties, such as durability, cost-effectiveness, chemical inertness, and resistance to corrosion. They offer long product life, high modulus of electricity, and excellent tensile property and efficiency at extreme temperatures. They are widely used in water treatment and distribution, chemical, sewage, and irrigation applications. Fiberglass pipes are also considered suitable for carrying high corrosion materials, acids, and biological liquids. At present, fiberglass pipes find extensive applications across oil and gas, chemicals, and agriculture sectors due to their high strength-to-weight ratio.
Fiberglass Pipes Market Trends:
- The global market is primarily driven by significant growth in the oil and gas industry. Fiberglass pipes are widely employed in the extraction, processing, refining, and distribution processes due to their superior flow characteristic and exceptional performance under extreme pressures and high-capacity loads. Additionally, the integration of computer-aided designing (CAD) technology and the introduction of new production processes, such as dual helical filament binding and four-axis helical winding methods, are supporting the market growth. These advancements assist in reducing production time and improving specifications with higher accuracy. Furthermore, the widespread product adoption in metallurgy sewage facilities, wastewater treatment plants, industrial effluent treatment plants, and other such establishments to improve sanitary conditions and industrial sewage management is acting as another growth-inducing factor. Moreover, rising construction activities have significantly facilitated the demand for lightweight and durable pipelines in commercial and residential complexes, which is creating a positive outlook for the market. Other factors, including increasing investments by several governments in water and waste management systems, extensive infrastructural development activities, and widespread product adoption in the chemical industry, are anticipated to drive the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global fiberglass pipes market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, fiber type, production process, material and end user.
Breakup by Product Type:
- Glass Fiber Reinforced Plastic (GRP) Pipes
- Glass Reinforced Epoxy (GRE) Pipes
- Others
Breakup by Fiber Type:
- E-Glass
- T-Glass/S-Glass/R-Glass
- Others
Breakup by Production Process:
- Centrifugal Casting
- Filament Winding
- Pultrusion
- Others
Breakup by Material:
- Polyester
- Polyurethane
- Epoxy
- Others
Breakup by End User:
- Oil & Gas
- Chemicals
- Sewage
- Irrigation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Abu Dhabi Pipe Factory LLC, Amiblu Holding GmbH, Chemical Process Piping Pvt Ltd, Enduro Composites Inc., Fibrex Corporation, Future Pipe Industries, Graphite India Limited (The Emerald Company Ltd.), Gruppo Sarplast S.r.l., Hubei Apex Technology Co. Ltd., Nov Inc., Russel Metals Inc and Saudi Arabian Amiantit Company.
Key Questions Answered in This Report:
- 1. What was the size of the global fiberglass pipes market in 2022?
- 2. What is the expected growth rate of the global fiberglass pipes market during 2023-2028?
- 3. What are the key factors driving the global fiberglass pipes market?
- 4. What has been the impact of COVID-19 on the global fiberglass pipes market?
- 5. What is the breakup of the global fiberglass pipes market based on the product type?
- 6. What is the breakup of the global fiberglass pipes market based on the fiber type?
- 7. What is the breakup of the global fiberglass pipes market based on production process?
- 8. What is the breakup of the global fiberglass pipes market based on the material?
- 9. What is the breakup of the global fiberglass pipes market based on the end user?
- 10. What are the key regions in the global fiberglass pipes market?
- 11. Who are the key players/companies in the global fiberglass pipes market?