Global Fiberglass Pipe Market Size, Share, Growth Analysis, By Product Type(GRE Pipes, GRP Pipes), By Fiber Type(E-glass, T-Glass/ S-Glass/ R-Glass) - Industry Forecast 2024-2031

Global Fiberglass Pipe Market size was valued at USD 4.43 billion in 2022 and is poised to grow from USD 4.69 billion in 2023 to USD 7.36 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

Because of its remarkable qualities, fiberglass pipe finds a wide range of applications across several industries, which is driving significant growth in the global market for fiberglass pipes. Fiberglass pipes are perfect for industries including oil and gas, chemicals, water treatment, and infrastructure because they are corrosion-resistant, lightweight, strong, and long-lasting. Demand is driven by the ongoing exploratory efforts of the oil and gas industry as well as the requirement for dependable and effective piping systems. Additionally, the water treatment industry is adopting fiberglass pipes at a faster rate due to the growing emphasis on desalination and wastewater treatment projects. Further driving market expansion is the development of new infrastructure projects, such as sewage systems, pipelines, and industrial facilities. Advancements in materials science and production techniques have led to improved performance and cost-efficiency in the industry in recent times. Improvements in chemical and temperature resistance are being brought about by technological developments in reinforced fibers and resin systems. The market is dominated by Asia-Pacific because of the region's fast industrialization, urbanization, and large infrastructure development investments. Because of the replacement of existing pipelines and the adoption of environmentally friendly technologies, North America and Europe also make significant contributions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Fiberglass Pipe Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Fiberglass Pipe Market Segmental Analysis

The market for fiberglass pipes is divided into four segments: Product Type, Fiber Type, End-Use, and Regional. The market is divided into three segments based on product type: GRP Pipes, Others, and GRE Pipes. The market is divided into E-glass, T-Glass/S-Glass/R-Glass, and Others segments based on the kind of fiber used. The market is divided into five segments based on end-use: sewage, irrigation, oil and gas, chemicals, and others. The market is divided into four regions: North America, Europe, Asia Pacific, and LAMEA.

Drivers of the Global Fiberglass Pipe Market

Because of its exceptional resistance to corrosion, fiberglass pipes are perfect for moving corrosive fluids in sectors like water treatment, chemicals, and oil & gas.

Restraints in the Global Fiberglass Pipe Market

It's possible that some end users are unaware of the advantages of fiberglass pipes, which makes them reluctant to switch from conventional materials.

Market Trends of the Global Fiberglass Pipe Market

In the water and wastewater industries, fiberglass pipes are used for a number of tasks, including moving sewage and water. The industry's requirement for fiberglass pipes is being driven by the growing need for clean water and the need to enhance wastewater treatment.