Fiberglass Pipes Market Size

Technological advancement in pipes is driving the market growth

Market CAGR for fiberglass pipes is driven by the continuous advances in production technology that positively impact the market. Technological advancements produce dual helical four-axis fiberglass pipes, which are of better quality and can be manufactured in less time. Thus, the advantages of fiberglass pipes over other materials coupled with the continuous advances in production technology will drive the fiberglass pipes market growth.

Additionally, the integration of computer-aided designing technology and the introduction of recent production processes, including four-axis helical winding methods and dual helical filament binding, are assisting the market growth. These advancements assist in decreasing production time and enhancing specifications with higher accuracy. The huge product adoption in metallurgy sewage facilities, industrial effluent treatment plants, wastewater treatment plants, and other such establishments to enhance sanitary conditions and industrial sewage management is another growth-inducing factor.

Due to the rising cost of metal pipes and tubes, rapid industrialization in all nations pushes the demand for lucrative and sustainable pipes. The demand for fuel, oil, and gas to meet daily needs has increased as the population has grown. As a result, the construction and installation of pipelines to transport these materials have increased. Further, because of its exceptional performance under high-pressure circumstances, a large increase in demand for fiberglass pipes is expected over the forecast period. Low maintenance costs are a crucial factor in the growth of the fiberglass pipe market.

The oil and gas industry's increased exploration and production activities and the growing demand for wastewater and water management solutions boost the market demand for fiberglass pipes market revenue.

Most of the EPC (Engineering, Procurement, and construction) companies are trying to reduce the project's overall cost as lightweight components help reduce the overall cost of transportation and installation compared to heavy items. Lightweight pipes are highly preferred at the project site. Owing to this factor, demand for fiberglass pipes is expected to propel during the forecast period. The increase in population has augmented the demand for fuel, oil, and gas to meet daily needs. This has increased the construction and implementation of pipelines to carry these materials.

This is a major factor that is expected to drive the demand for fiberglass pipes in the next few years.

Infrastructure development is a pivotal driver for the Global Fiberglass Pipes Market Industry. Governments worldwide are investing heavily in upgrading and expanding their infrastructure, particularly in developing regions. For example, the construction of new water supply systems and sewage treatment facilities necessitates the use of durable and lightweight materials like fiberglass pipes. This trend is expected to propel the market, with a projected growth to 9.21 USD Billion by 2035. The emphasis on sustainable and efficient construction practices further enhances the attractiveness of fiberglass pipes, as they offer reduced installation costs and lower maintenance requirements.

Emerging economies are becoming increasingly important for the Global Fiberglass Pipes Market Industry. Rapid urbanization and industrialization in countries such as India, Brazil, and China are driving the demand for efficient piping solutions. As these nations invest in infrastructure projects, the need for durable and lightweight materials like fiberglass pipes becomes apparent. The market's expansion in these regions is expected to contribute significantly to the overall growth, with projections indicating a market value of 9.21 USD Billion by 2035. This trend underscores the potential for fiberglass pipes to meet the evolving needs of developing economies.

The Global Fiberglass Pipes Market Industry is experiencing a notable surge in demand for corrosion-resistant materials. Industries such as oil and gas, water treatment, and chemical processing are increasingly adopting fiberglass pipes due to their superior resistance to corrosive substances. For instance, fiberglass pipes are often utilized in offshore oil rigs where exposure to harsh environments is prevalent. This trend is expected to contribute to the market's growth, with projections indicating a market value of 5.64 USD Billion in 2024. As industries prioritize durability and longevity in their infrastructure, the adoption of fiberglass pipes is likely to continue rising.

Technological advancements in manufacturing processes are transforming the Global Fiberglass Pipes Market Industry. Innovations such as automated production techniques and enhanced resin formulations are improving the quality and performance of fiberglass pipes. These advancements lead to increased efficiency and reduced production costs, making fiberglass a more attractive option for various applications. As a result, the market is expected to witness a compound annual growth rate of 4.56% from 2025 to 2035. The continuous evolution of manufacturing technologies is likely to bolster the competitiveness of fiberglass pipes in the global market.

The Global Fiberglass Pipes Market Industry is significantly influenced by stringent environmental regulations and sustainability initiatives. Governments are increasingly mandating the use of eco-friendly materials in construction and infrastructure projects. Fiberglass pipes, being recyclable and having a lower carbon footprint compared to traditional materials, align well with these regulations. For instance, the adoption of fiberglass in municipal water systems not only meets regulatory standards but also promotes sustainability. This shift is likely to drive market growth, as companies seek to comply with environmental standards while enhancing their operational efficiency.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the fiberglass pipes market grow even more. Market participants are also undertaking numerous strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the fiberglass pipes industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the fiberglass pipes industry to benefit clients and increase the market sector. Major players in the fiberglass pipes market, including Sarplast SA (Switzerland), Abu Dhabi Pipe Factory (UAE), Saudi Arabian Amiantit Co. (Saudi Arabia), Graphite India Limited (India), National Oilwell Varco (US), and others, are attempting to enhance market demand by investing in research and development operations.

NOV Inc, formerly National Oilwell Varco Inc, provides technology, equipment, and services to the oil and gas industry. The company's offerings include rig systems, wellbore technologies, and completion and production solutions. Its product line comprises fiberglass systems, pipe handlings, floating production systems, subsea production systems, integrated tensioning systems, drilling fluid equipment, and power systems. The company also provides its customers with waste management, machining, specialty inspection, installation and commissioning, field engineering, and other services. It serves well-servicing companies, drilling contractors, rig fabricators, pressure pumping companies, and independent oil and gas companies.

In November 2019, NOV constructed a Fiber Glass Systems production facility in Dammam, Saudi Arabia. This plant will be the first local producer of spoolable and jointed GRE pipe, GRE high-pressure line pipe, and downhole tubing and casing, with 24,000 m2 of production area.

ShawCor Ltd is an integrated energy service provider company. It offers a range of technology-based products, services and solutions, which include field-applied pipeline coating, pipe coating, protection and transportation, offshore solutions, onshore pipeline construction solutions and utilities and water pipelines. Shawcor collaborates on the design, construction, and maintenance of pipeline infrastructure across the world. It has many patents covering new products and process technology. It serves consumers in the oil and gas, industrial, petrochemical, electrical, electronic automotive, and communications sectors. The company has manufacturing and service facilities worldwide.

In April 2019, Shawcor Ltd. completed the previously announced plan of arrangement involving ZCL Composites Inc., Shawcor, and the holders of common shares of ZCL and holders of options to purchase Common Shares of ZCL under section 192 of the Canada Business Corporations Act.