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

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.