Global Fiberglass Pipe Market Trends, Applications, Analysis, Growth, and Forecast to 2028

“Global Fiberglass Pipe Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fiberglass pipe market report has been segmented on the basis of type, fiber, application, and region.

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Global Fiberglass Pipe Market: Introduction                      

Fiberglass pipes are the composite products produced from the glass fiber reinforcements that are bounded with thermosetting resin. As compared with conventional pipes, fiberglass pipes usually possess superior strength, tensile strength, virtually inert, low density, and high durability. Fiberglass pipes also offer better mechanical properties, results into an extended product shelf life. Fiberglass pipes are majorly used in the chemical, irrigation, and oil & gas industries, as they are exposed to different intricate environment during transportation of natural gas and water supply.

Global Fiberglass Pipe Market: Dynamics

Rising adoption for fiberglass pipe across various end-use applications industries including oil & gas and irrigation is a key factor expected to drive growth of the global market. In addition, increasing demand for fiberglass pipe form chemical and sewage industries is another factor expected to fuel the global market growth in the years to come.

Moreover, rapid increase in exploration and production of oil & gas is among another factor expected to propel the potential market growth over the years to come. Increasing demand for these products in developed economics is additional factor projected to augment growth of the global market.

However, high-cost raw material is a major factor expected to restraint the target market growth. Rising demand for low-cost technologies is another factor expected to challenges growth of the global market to certain extent.

Global Fiberglass Pipe Market: Segment Insights

Among the type segments, the GRE pipes segment is expected to witness higher share in terms of revenue in the global fiberglass pipe market, owing to their high strength, ease of installation, and high resistance to corrosion. Because of these properties, the GRE pipes are utilized in applications including chemicals, oil & gas, and sewage. The GRE pipes segment is projected to record fastest CAGR over the next few years.

Among the application, the chemicals segment is expected to record maximum share in term of revenue in the global fiberglass pipe market. The chemicals segment revenue is estimated to register fastest CAGR in the next 10 years. These pipes offer different features including dimensional stability, light weight, ease of installation, and resistance to corrosion, in comparison to conventional materials such as metallic pipes and concrete, because of which use of fiberglass pipes in oil & gas, sewage, and chemicals applications is growing.

Global Fiberglass Pipe Market: Region Insights

Asia Pacific fiberglass pipe market is expected to account for major revenue share contribution in the global fiberglass pipe market, owing to presence of chemical industry and high government spending on water & waste management in the countries such as India, Indonesia, and China. Asia Pacific market is expected to register highest revenue growth, owing to increasing demand from chemicals and oil & gas industries and rapid development in various industrial sectors in the countries in region.

Global fiberglass pipe market segmentation:

Segmentation by Type:

• GRP
• GRE
• Others

Segmentation by Fiber:

• E-Glass
• T-Glass/S-Glass/R-Glass
• Others

Segmentation by Application:

• Oil & Gas Industry
• Chemicals Industry
• Sewage Pipes
• Irrigation
• Others (Fire & Safety and Paper & Pulp)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa