The new report by Expert Market Research titled, ‘Global Fibreglass Pipes Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global fibreglass pipes market, assessing the market based on its segments like product, fibre, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 5.4 billion
• Forecast CAGR (2023-2028): 5.30%
• Forecast Market Size (2028): USD 7.4 billion
The physical qualities of fibreglass pipes, which include high tensile strength, increased durability, and exceptional corrosion resistance, have caused a spike in the global demand for them. These advantages make fibreglass pipes an excellent choice for end-uses such as the chemical and oil and gas industries, contributing to market growth.
These pipes are made up of two or more materials, which provides additional benefits such as the capacity to tolerate extreme temperatures and low electrical modules. Aside from that, fibreglass pipes are lightweight, which is another feature that encourages expansion because it lowers transportation and installation expenses. Furthermore, the long-term durability of these pipes results in lower maintenance expenses. As a result, these are some of the drivers driving the market forward.
Industry Definition and Major Segments
Fibreglass pipes are composite materials that combine the qualities of glass fibre, polyester resins, and fillers to create a unique product. Because of its advantageous physical qualities, such as lightweight composition, low maintenance costs, and corrosion resistance, fibreglass pipes have a wide range of applications in a variety of end-use sectors.
On the basis of product, the market can be classified into:
• GRE Pipe
• GRP Pipe
The market, based on fibre, can be categorised into:
• T-glass / S-glass / R-glass
Based on end use, the market can be segmented into:
• Oil and Gas
The EMR report looks into the regional markets of fibreglass pipes like:
• North America
• the Asia Pacific
• Latin America
• the Middle East and Africa
Due to their high tensile strength, low maintenance costs, high-temperature resistance, and lightweight composition, fibreglass pipes are employed in a variety of end-use industries. The need for fibreglass pipes in sewage applications is growing as the number of construction projects increases around the world as a result of industrialisation, urbanisation, and rising per capita incomes. This is owing to the exceptional corrosion and rust resistance that these pipes provide.
When opposed to other metallic pipes, fibreglass pipes have a smooth inner surface that aids in the free flow of water, expanding its applications in irrigation and sewage systems. Fibreglass pipes are also advantageous for sewage systems in the building industry due to their low maintenance and installation costs. Demand for fibreglass pipes is rising as a result of an increase in the number of residential and commercial development projects around the world.
Key Market Players
The major players in the market are Hobas Technology (Amiblu Holding GmbH), Russel Metals Inc., Fibrex Construction Group, Gruppo Sarplast, NOV Inc. and Saudi Arabian Amiantit Co. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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