USD 4.52 billion
Global Fiberglass Pipes Market Size, Share, Growth Analysis, By Resin Type(Polyester, Vinyl Ester), By Fiber Type(E-Glass, T-Glass), By Application(Oil and Gas, Chemicals) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2085 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Global Fiberglass Pipes Market Insights
Global Fiberglass Pipes Market size was valued at USD 4.52 billion in 2022 and is poised to grow from USD 4.7 billion in 2023 to USD 6.69 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
The global fiberglass pipes marketplace has experienced first rate increase in latest years, pushed by several key elements. Fiberglass pipes offer numerous benefits, such as corrosion resistance, high strength, lightweight, and sturdiness, making them suitable for a huge range of applications. The growing demand for corrosion-resistant pipes in industries such as oil and gasoline, chemicals, and water and wastewater has been a massive motive force for the fiberglass pipes marketplace.
Additionally, Fiberglass pipes discover programs in diverse industries, including oil and gasoline, chemical compounds, sewage and water remedy, power generation, and others. Their corrosion resistance and ability to handle corrosive fluids contribute to their popularity in industries where conventional substances may be liable to degradation. The oil and gasoline enterprise represents a sizable market for fiberglass pipes, mainly in applications inclusive of oilfield amassing traces, offshore platforms, and downhole tubing. The want for long lasting and corrosion-resistant substances in harsh environments has pushed the adoption of fiberglass pipes inside the oil and gas sector.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Polyester
Fastest Growth
Epoxy
Growth Rate
4% CAGR
Global Fiberglass Pipes Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Fiberglass Pipes Market By Resin Type($ Bn)
Global Fiberglass Pipes Market By Resin Type(%)
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Global Fiberglass Pipes Market Segmental Analysis
The global Fiberglass Pipes market is segmented into four major segments i.e. by By Resin Type, Fiber Type, Application, and region. Based on Type, it is divided into Polyester, Vinyl Ester, Epoxy. Based on Fiber Type, it is bifurcated as E-Glass, T-Glass, S-Glass, Others. Based on Application it is segregated into, Oil and Gas, Chemicals, Sewage and Water Treatment, Irrigation, Power Generation, Others. Based on region, the market is segmented into United States, Canada, and Mexico.
Analysis by Resin Type
Polyester resin dominated the market because of its significant use and value-effectiveness. Polyester-primarily based fiberglass pipes provide a stability of power, corrosion resistance, and sturdiness, making them appropriate for various programs across industries including oil and fuel, chemical compounds, and water treatment.
Epoxy resin is expected to be the fastest-developing phase due to its superior mechanical properties, excessive chemical resistance, and occasional shrinkage during curing. Epoxy-based fiberglass pipes are regularly desired in programs in which excessive-overall performance materials are required, inclusive of in corrosive environments and essential industrial methods.
Analysis by Fiber
E-Glass (electric glass) is probable to dominate the market due to its large use, price-effectiveness, and versatility. E-Glass fibers offer an amazing balance of energy, electrical insulation, and corrosion resistance, making them suitable for various applications in industries which include oil and gas, chemical compounds, and water treatment.
S-Glass (high-electricity glass) is anticipated to be the quickest-growing phase due to its superior tensile electricity and modulus. S-Glass fibers offer improved mechanical houses compared to E-Glass, making them suitable for programs requiring higher overall performance, which include in traumatic oil and fuel environments and unique industrial procedures.
Global Fiberglass Pipes Market By Deployment, 2023 (%)
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Global Fiberglass Pipes Market Regional Insights
Asia-Pacific is likely to dominate the marketplace due to fast industrialization, urbanization, and infrastructure improvement in nations such as China and India. Increasing demand for fiberglass pipes in programs like water and wastewater control, chemical processing, and construction activities contributes to the region's dominance.
The Middle East and Africa are anticipated to be the fastest-growing areas due to ongoing infrastructure tasks, mainly within the oil and gas sector. The call for fiberglass pipes in these regions is driven through considerable investments in power and water infrastructure, such as desalination flora and oilfield developments.
Global Fiberglass Pipes Market By Region, 2024-2031
- Largest
- Fastest
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Global Fiberglass Pipes Market Dynamics
Drivers
Increasing Demand For Corrosion-Resistant
- The growing demand for corrosion-resistant and durable materials in diverse industries. Cast fiberglass pipes offer splendid corrosion resistance, making them best for packages in harsh chemical environments, oil and gasoline transportation, and sewage systems. Additionally, the rising emphasis on infrastructure improvement globally, in particular in water and wastewater treatment centers and business projects, fuels the demand for solid fiberglass pipes.
Increasing Demand for Environmental Sustainability
- The growing recognition of environmental sustainability and the want for eco-friendly solutions pressure the adoption of fiberglass pipes as they are recyclable and feature a lower environmental impact compared to traditional substances. Furthermore, the versatility of fiberglass pipes in withstanding high-pressure and high-temperature conditions enhances their attraction in critical industries, along with petrochemicals and desalination.
Restraints
High Comparatively High Upfront Costs Associated with Manufacturing
- One of the primary marketplace restraints is the relatively high prematurely charges related to manufacturing and installing solid fiberglass pipes. The preliminary investment required for specialized systems and skilled labor can deter a few ability users, especially in value-sensitive sectors. Additionally, regardless of their resistance to corrosion, forged fiberglass pipes can also face competition from opportunity substances with lower upfront expenses.
- While fiberglass pipes are known for his or her durability, repairing or modifying them may be complex and may require specialized competencies, restricting their appeal in conditions in which ease of renovation is a crucial aspect. Moreover, the market faces opposition from alternative substances, and the dearth of standardized testing techniques for fiberglass pipes can pose challenges in making sure steady first-rate across one of a kind providers. Regulatory compliance and certification processes also can slow down the adoption of fiberglass pipes in certain regions, including complexity to marketplace access and enlargement.
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Global Fiberglass Pipes Market Competitive Landscape
The aggressive environment of the Fiberglass Pipes market is dynamic and shaped by the presence of key enterprise gamers striving for market dominance. These businesses have interaction in strategies including mergers, acquisitions, collaborations, and product innovations to strengthen their market role. Significant players in the market regularly leverage their widespread research and development talents to introduce superior technology and beautify product performance.
Top Player’s Company Profiles
- Future Pipe Industries
- Chemical Process Piping Pvt. Ltd. (CPP)
- Graphite India Limited
- Saudi Arabian Amiantit Co.
- National Oilwell Varco
- Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
- NOV Inc.
- Amiblu Holding GmbH
- EPP Composites Pvt Ltd.
- Sunrise Industries (India) Ltd.
- Fibrex FRP Piping Systems
- Plasticon Germany GmbH
- Poly Plast Chemi Plants (I) Pvt Ltd
- Kurotec-KTS GmbH
- Gruppo Sarplast Srl
- Kuzeyboru AS
- Abu Dhabi Pipe Factory
- Balaji Fiber Reinforced
- FlowGuard
- Hobas Concrete Pipe Company
Recent Developments
- November 2023: Completion of the acquisition of United Fiberglass has been effectively executed by using the Group, encompassing the enterprise and property from a charitable foundation. The existing control team will hold to steer the enterprise, and the coins consideration, amounting to $14.0 million (approximately £11.4 million), could be funded via the Group's present banking facilities, preserving a debt and coins-loose basis.
- In March, 2023, Future Pipe Industries (Egypt) acquired a Certificate of Appreciation from the corporation’s strategic enterprise accomplice Petrobel Petroleum Co, for installation of GRE crude oil transition line from tanks to Petrico (Egypt).
- In February, 2022, Future Pipe Industries accelerated its manufacturing facility in Saudi Arabia by including new manufacturing strains of Flex strong, an excessive-strain spoolable pipe, with diameter up to six inches.
Global Fiberglass Pipes Key Market Trends
- Rising Adoption Of Cast Fiberglass Pipes In The Oil And Gas Industry: The growing adoption of forged fiberglass pipes inside the oil and gasoline enterprise, driven by their corrosion resistance and durability in disturbing operational environments. Another substantial trend is the growing use of these pipes in water and wastewater infrastructure tasks, mainly in regions that specialize in improving water control structures.
Global Fiberglass Pipes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Fiberglass Pipes market evaluation reveals a dynamic market with a number of standout traits and difficulties. The market is driven with the aid of growing demand in oil and gasoline, chemicals, and water remedy sectors due to their corrosion resistance and durability. However, monetary uncertainties and dependence at the oil enterprise pose restraints. Diverse product kinds, along with polyester and epoxy resin-based pipes, cater to varying industry requirements. Geographically, Asia-Pacific dominates due to fast industrialization, even as the Middle East and Africa enjoy a fast boom fueled by infrastructural projects. Key traits consist of a shift in the direction of eco-friendly solutions, improvements in production methods, and a growing preference for excessive-purity formulations inside the fiberglass pipes marketplace.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.52 billion |
| Market size value in 2031 | USD 6.69 billion |
| Growth Rate | 4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Fiberglass Pipes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Fiberglass Pipes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Fiberglass Pipes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fiberglass Pipes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fiberglass Pipes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fiberglass Pipes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Fiberglass Pipes Market Report Snapshots
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