Fiberglass Pipes Market Research Report- Forecast to 2030

Fiberglass Pipes Market information report by Type (GRE Pipes, GRP Pipes and Other pipes), by Fiber type (E-glass, T-Glass, S-Glass, R-Glass and Others), by End use (Oil & gas, Chemicals, Sewage, Irrigation and others) and Region - Global Forecast Till 2030

ID: MRFR/CO/1914-HCR | November 2022 | Region: Global | 111 Pages         

Fiberglass Pipes Market .

Fiberglass Pipes Market is projected to be worth USD 6.35 Billion by 2027, registering a CAGR of 6% during the forecast period (2021 - 2027).

Segmentation

By Type GRE Pipes GRP Pipes and Other pipes
By End-use Industry Oil & gas Chemicals Sewage Irrigation
By Fiber type E-glass T-Glass S-Glass R-Glass

Key Players

  • Sarplast SA (Switzerland)
  • Abu Dhabi Pipe Factory (UAE)
  • Graphite India Limited (India)
  • HOBAS (Austria)
  • Saudi Arabian Amiantit Co. (Saudi Arabia)
  • National Oilwell Varco (US)
  • Hengrun Group Co.
  • Future Pipe Industries (UAE)
  • Chemical Process Piping Pvt. Ltd.(India)
  • Lianyungang Zhongfu Lianzhong Composites Group Co.

Drivers

  • The low maintenance costs of fiberglass pipes
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Fiberglass Pipes Market Overview


The fiberglass pipes market is expected to gain a market value of USD 7,100 million by 2030 at a CAGR of 6% over the forecast period of 2022-2030.


Glass fiber, polyester resin, and fillers are few of the many elements that go into making fiberglass pipes. Fiberglass pipes are advantageous because they resist corrosion and have a long lifespan and high tensile strength. Fiberglass pipes have more advantageous qualities because they are made of two or more different components. They provide stable performance even in adverse conditions and have a low electrical modulus.


The demand for lightweight fiberglass pipes in the various end-user industries has expanded due to the world's rapid industrialization. The necessity of fuel distribution and rising oil and gas production both significantly contribute to the rise in demand for fiberglass pipes in the oil and gas industry. Due to its attributes, including its transparency, huge transport flow, high-temperature resistance, corrosion resistance, and ease of installation, fiberglass pipes are widely utilized in the chemical sector. According to IBEF, India is the world's fourth-largest producer of agrochemicals, behind China, Japan, and the United States. By 2025, it is expected that investments in the Indian chemicals and petrochemicals sector will total USD 107.38 billion. The growth of the chemical sector may be boosted by an increase in demand for chemicals, particularly in manufacturing, which would then increase demand for fiberglass pipes. However, the rising cost of raw materials might hamper the market growth.


COVID-19 Analysis


The COVID-19 pandemic outbreak has negatively impacted the global market for fiberglass pipes. The nationwide lockdowns imposed by various governments significantly negatively impacted the manufacturing sector. As a result, there was a decline in demand for fiberglass pipes across different industries, which in turn impacted the fiberglass pipes market expansion. Due to the fast infrastructure development in emerging economies, the Asia-Pacific region's fiberglass pipe market is expected to expand following the COVID-19 pandemic.


Competitive landscape


Technology launches, acquisitions, and R&D efforts are important strategies used by Fiberglass pipes industry participants. In 2019, the market for fiberglass pipes was concentrated by the top five companies, which accounted for xx% of the market.


Major Key Players



  •         Sarplast SA (Switzerland)

  •         Abu Dhabi Pipe Factory (UAE)

  •         Graphite India Limited (India)

  •         HOBAS  (Austria)

  •         Saudi Arabian Amiantit Co. (Saudi Arabia)

  •         National Oilwell Varco (US)

  •         Hengrun Group Co., Ltd. (China)

  •         Future Pipe Industries (UAE)

  •         Chemical Process Piping Pvt. Ltd.(India)

  •         Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China)


Market Dynamic



  •         Drivers


Fiberglass pipe market growth is presently being driven by their reduced maintenance costs when compared to conventional pipes. This is further encouraged by growing oil and gas production and exploration operations, as well as rising demand in sewage and water management applications. Furthermore, the fast growth of emerging economies is fueling the increasing demand for the fiberglass market growth.



  •         Opportunities


The major opportunities in the market for Fiberglass pipes lie in the oil and gas sector. The worldwide revival of oil exploration, followed by an increase in demand for crude oil, LPG, and natural gas, is projected to stimulate demand for fiberglass pipe in the future years. Because of their chemical resistance, they are ideal for pipelines in the oil industry. Second, because of their low cost, they are frequently employed by oil refineries.


Pipelines are often used in various end-user sectors such as oil and gas, water distribution and treatment, chemical and petrochemical, and so on. During the projected period, demand for fiberglass pipe is likely to be high in the oil and gas industry. The worldwide revival of oil exploration, followed by an increase in demand for crude oil, LPG, and natural gas, is projected to stimulate demand for fiberglass pipe in the future years.



  •         Restraints


Price variations in raw materials would offer a significant barrier to the growth rate of the fiberglass pipes industry. The vulnerability to mechanical damage and the lack of pipe jointing system norms would limit the scope of expansion for this fiberglass pipes market. The demand-supply imbalance will further stymie the growth pace of the fiberglass pipes industry. The government's stringent requirements for licensing and the usage of fiberglass pipes for transporting hydrocarbons would further slow the development rate of the fiberglass pipes market.



  •         Challenges


Due to the extremely high cost of its raw ingredients, the cost of manufacturing fiberglass pipes is considerable. Resins, fiberglass, catalysts, and accelerators are important raw materials utilized in the production of GRP pipes. Every year, the industries that manufacture these fiberglass pipes raise their prices. This aspect will provide a challenge to the industry and have an impact on the price trend of fiberglass pipes.


Cumulative Growth Analysis


The United States, as the developed world's representative, will continue its 3.8 percent growth rate. Within Europe, which remains an essential component of the global economy, Germany will add more than US$48.8 million to the region's size and weight over the next 5 to 6 years. The rest of Europe’s markets will account for more than US$39.8 million of the region's expected demand. By the end of the analysis period, GRP will have a market value of US$101.3 million in Japan. China, the world's second-biggest economy and the next game-changer in global markets have the ability to expand at 7.8 percent over the next several years, adding roughly US$402 million in addressable opportunity for ambitious firms and their savvy leaders to choose. These and many other must-know quantitative data points are presented in aesthetically appealing visuals, assuring the quality of strategy decisions, whether it is entering into new markets or resource allocation within a portfolio. Several macroeconomic variables and internal market dynamics will affect growth and demand patterns in Asia-Pacific, Latin America, and the Middle East.


Value Chain Analysis


According to the reports, the fiberglass pipes market is divided into four categories: type, fiber type, application, and region. The growth of the various sectors assists you in gaining information on the many growth drivers predicted to be prominent across the market and developing different tactics to help discover primary application areas and the difference in your target market. The fiberglass pipes market is divided into three types: glass fiber reinforced plastic (GRP) pipes, glass-reinforced epoxy (GRE) pipes, and others. The fiberglass pipes market is divided into two categories based on fiber type: E-glass and T-glass/S-glass/R-glass. The fiberglass pipes market is divided into several applications, including oil and gas, chemicals, sewage, irrigation, and others.


Segmentation Overview


The market is segmented on the basis of type, fiber type, application, and region. The global fiberglass pipes market trends are expected to witness decent growth during the forecast period.


By Application


Based on the application, the market is segmented into oil and gas, chemicals, sewage, irrigation, and others.


By end-users


Based on the propulsion types, the market is segmented into glass fiber reinforced plastic (GRP) pipes, glass-reinforced epoxy (GRE) pipes, and others.


Regional Analysis


According to the reports, on the basis of region, the global fiberglass pipes market is divided into North America, Europe, Asia Pacific, and the rest of the world. The Asia-Pacific region dominates the fiberglass pipes market shares and will continue to expand at a rapid pace during the projected period. This is due to the expansion and growth of different end-user sectors in this area. Rising economic development, rising urbanization, rising infrastructure development such as the construction of sewage lines, expanding water distribution systems, and much more, as well as some other growth-inducing elements for this region China will emerge as the primary contributor from this area, as it is the region's greatest exporter of oil and gas.


Report Overview


The following report comprises of –



  •         Market overview 

  •         Covid 19 Analysis

  •         Market Dynamic

  •         Drivers

  •         Opportunities

  •         Restraints 

  •         Challenges

  •         Cumulative Growth Analysis

  •         Value Chain Analysis

  •         Segmentation Overview 

  •         By Application 

  •         By End-Users

  •         Regional Analysis

  •         Competitive landscape


Recent developments



  • In August 2021, Owens Corning announced the launch of PINK Next Gen Fiberglas insulation.

  • In May 2020, Flowtite Technology AS announced a strategic partnership with HaydalePlc to develop pipeline solutions utilizing advanced materials technology.

  • In April 2019, Shawcor announced the acquisition of ZCL Composites Inc., eco-friendly fiberglass reinforced plastic underground storage tank manufacturer.


Based on Type



  • GRP

  • GRE

  • Others


Based on Fiber



  • E-Glass

  • T-Glass

  • Others


Based on Application



  • Oil & Gas

  • Chemicals

  • Sewage

  • Irrigation

  • Others


Based on Region



  •         North America


o    U.S.


o    Canada


o    Mexico



  •         Europe


o    Russia


o    UK


o    France


o    Germany



  •         Asia Pacific


o    China


o    India


o    Australia



  •         South & Central America


o    Brazil



  •         Middle East & Africa


o    Saudi Arabia



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 7,100 million
  CAGR   65
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Fiber type and End use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sarplast SA (Switzerland), Abu Dhabi Pipe Factory (UAE), Graphite India Limited (India), HOBAS (Austria), Saudi Arabian Amiantit Co. (Saudi Arabia), National Oilwell Varco (US), Hengrun Group Co., Ltd. (China), Future Pipe Industries (UAE), Chemical Process Piping Pvt. Ltd.(India), and Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China)
  Key Market Opportunities   Increased production and exploration activities
  Key Market Drivers   The low maintenance costs of fiberglass pipes


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Frequently Asked Questions (FAQ) :

Fiberglass pipes are composite products manufactured from glass fiber reinforcements enclosed by a thermosetting resin. When compared with traditional pipes, fibeglass pipes typically possess superior strength, high durability and tensile strength, low density, and are virtually inert.

Major types of fibers used in the fiberglass pipes market include E-glass, T-glass, S-glass, R-glass, and others.

The low maintenance costs of fiberglass pipes in comparison to traditional pipes are the major driver for the fiberglass pipes market.

Asia Pacific is likely to remain the largest regional market for fiberglass pipes over the forecast period.

Leading players in the global fiberglass pipes market include Saudi Arabian Amiantit Co., Abu Dhabi Pipe Factory, and Sarplast SA, among others.