Fiberglass Pipes Global Market Report 2024

The fiberglass pipes market size has grown strongly in recent years. It will grow from $5 billion in 2023 to $5.32 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to the growing demand in the oil and gas industry, corrosion resistance, lightweight and high strength, durability and longevity, chemical resistance, and low thermal conductivity of fiberglass pipes.

The fiberglass pipes market size is expected to see strong growth in the next few years. It will grow to $6.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to water infrastructure investment, the growth in desalination projects, focus on sustainable construction, development of smart cities, and the adoption of emerging markets. Major trends in the forecast period include technological innovations, advancements in resin technology, customization and specialty applications, adoption of filament winding technology, and considerations for sustainability and the environment.

The surge in oil and gas exploration activities is anticipated to drive the growth of the fiberglass pipes market. Exploration in these sectors involves identifying potential sites for drilling and extraction. As oil companies heavily rely on water injection, which escalates flow rates and pressures due to corrosion and erosion, fiberglass pipes are sought after for their non-corrosive properties. These pipes serve to balance pressures and are utilized in various applications, including water, CO2, waste injection, and production lines. In 2021, the US oil drilling and gas extraction market was valued at $463.8 billion, with the sector generating $110.7 billion in revenue in 2020, supporting numerous jobs. This increasing exploration activity is a key driver for the demand in the fiberglass pipes market.

The upsurge in infrastructure development is set to propel the growth of the fiberglass pipes market. These pipes are favored in construction due to their durability, corrosion resistance, and versatility across applications. Increased demand is observed in water and sewer systems, chemical plants, oil and gas infrastructure, and renewable energy projects. Factors such as long-term cost savings, governmental initiatives, urbanization trends, environmental regulations, and technological advancements contribute to the rising adoption of fiberglass pipes. Notably, the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in the US, initiated in November 2021, is slated to invest $550 billion over ten years to enhance various sectors, including transportation and environmental initiatives. These trends underscore the growing importance of fiberglass pipes in modern infrastructure projects.

Strategic partnerships have become a prevalent trend in the fiberglass pipes market. Leading companies are increasingly focusing on partnerships to bolster their market position. Noteworthy collaborations include Owens Corning's partnership with Pultron Composites in June 2022, aimed at providing advanced material solutions. This partnership is poised to enhance Owens Corning's market potential by expanding market capacity and services. Additionally, Energy Services Middle East's undisclosed partnership with Subor Pipe Industry Trade in May 2020 is aimed at delivering innovative solutions to the oil, gas, and alternative energy sectors. This strategic collaboration reflects a promising future for both entities by leveraging Subor Pipe Industry Trade's expertise in manufacturing Glass fiber Reinforced Polyester (GRP) Pipes.

Prominent players within the fiberglass pipes market are innovating by introducing novel fire-retardant pipe systems to fortify their market presence. A fire-retardant pipe jacket acts as a protective layer or insulation specifically engineered to impede the spread of fire along pipes. An illustration of this innovation is the launch of HEAT-FIT by Georg Fischer Piping Systems Ltd. in March 2022. Designed for thermoplastic piping systems within the shipbuilding industry, HEAT-FIT offers a lightweight and corrosion-resistant solution for critical shipboard applications while meeting stringent safety standards, particularly in fire resistance. This system incorporates a two-layer design integrating thermoplastic polyurethane, high-temperature fiberglass fabric, and a non-toxic, water-based intumescent coating. Capable of enduring temperatures up to 1000°C for 30 minutes at 3 bar pressure, its user-friendly installation and retrofitting adaptability without additional training make it highly suitable for the demanding marine environment.

In February 2021, Atkore Inc., a US-based manufacturer of electrical products, completed the acquisition of FRE Composites Group, a Canada-based fiberglass conduit solutions manufacturer, for an undisclosed sum. This acquisition aims to broaden Atkore Inc.'s conduit product portfolio, enhancing its ability to cater to customer needs. FRE Composites Group specializes in manufacturing various fiberglass conduit solutions such as glass reinforced plastic and glass reinforced epoxy, aligning well with Atkore Inc.'s strategy for product expansion and market positioning.

Major companies operating in the fiberglass pipes market report are Graphite India Limited, NOV Inc., Saudi Arabian Amiantit Company, HOBAS International GmbH, Chemical Process Piping Pvt. Ltd., Fibrex Corporation, Abu Dhabi Pipe Factory LLC, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Future Pipe Industries Inc., Sarplast SA, ZCL Composites Inc., Hengrun Group Co. Ltd., Sekisui Chemical Co. Ltd., Pittsburgh Plate Glass Company, Balaji Fiber Reinforce Pvt. Ltd., Shawcor Ltd., Amiblu Holding GmbH, EPP Composites Pvt. Ltd., Kuzeyboru AS, Poly Plast Chemi Plants (I) Pvt. Ltd., Plasticon Germany GmbH, Kurotec-KTS GmbH, Enduro Composites Inc., Flowtite Technology AS, Fiberglass Tank & Pipe Institute, Fiberglass Fabricators Inc., Fibrex FRP Piping Systems, Fibro Plastichem India Pvt. Ltd., Fibrotech Industries, Fibrox Plastichem India Pvt. Ltd., Fibsol GmbH, Fibtech Composite Industries, Fibtex Industries, Fibxol Polymers Pvt. Ltd., Filament Windings Inc., Flowtite South Africa, Fibre Reinforced Plastic Manufacturing Inc., Future Pipe Industries LLC.

Asia-Pacific was the largest region in the fiberglass pipes Market in 2023. The regions covered in the fiberglass pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fiberglass pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of fiberglass pipes are glass-reinforced plastic, glass-reinforced epoxy, and other types. Glass-reinforced plastic is made of synthetic resin as the main basic material and glass fiber or other products as reinforced material, processed into a solid material by molding and setting. The various fibers involved are t-glass, e-glass, and other fibers that are used for applications in oil and gas, chemicals, sewage, irrigation, and other end uses.

The fiberglass pipes market research report is one of a series of new reports that provides fiberglass pipes market statistics, including fiberglass pipes industry global market size, regional shares, competitors with fiberglass pipes market share, detailed fiberglass pipes market segments, market trends, and opportunities, and any further data you may need to thrive in the fiberglass pipes industry. This fiberglass pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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