R-Glass) - Industry Forecast 2024-2031

Report ID: SQMIG15G2064 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 63 | Figures: 65

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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% in the forecast period (2024-2031).

The competitive landscape of the fiberglass pipe market is characterized by the presence of a diverse range of manufacturers, each striving to establish their market presence through technological innovation, product differentiation, and strategic collaborations. Key players such as Sika AG, BASF SE, and Fosroc International Ltd. hold substantial market shares, leveraging their extensive experience in composite materials and global reach. These industry giants are often involved in research and development activities to introduce advanced manufacturing techniques, new resin formulations, and enhanced fiber reinforcements, aiming to offer improved performance and cost-effective solutions. 'Sika AG', 'BASF SE', 'Fosroc International Ltd.', 'Pidilite Industries Ltd.', 'Mapei S.p.A.', 'Saint-Gobain Weber', 'The Euclid Chemical Company', 'Remmers Group', 'Aditya Birla Chemicals', 'Flexcrete Technologies Ltd.'

Fiberglass pipes are highly corrosion-resistant, making them ideal for transporting corrosive fluids in industries such as chemicals, oil and gas, and water treatment.

Increasing Demand from the Water and Wastewater Industry: Fiberglass pipes are used in a variety of applications in the water and wastewater industry, such as transporting water, and conveying sewage. The increasing demand for clean water and the need to improve wastewater treatment is driving the demand for fiberglass pipes in this industry.

The fiberglass pipe market exhibits significant regional variations driven by varying industrial landscapes, infrastructure demands, and economic factors. In North America, the market benefits from the aging pipeline infrastructure and the need for cost-effective solutions that offer corrosion resistance and durability, particularly in industries such as oil and gas. Europe showcases strong adoption due to stringent regulations promoting environmentally friendly and corrosion-resistant alternatives, as well as the need for advanced water treatment solutions.

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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

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