Global Fiberglass Pipes Market, By Type (Glass Fibre Reinforced Plastic (GRP) Pipes, Glass Reinforced Epoxy (GRE) Pipes and Others), Fibre Type (E-Glass and T-Glass/S-Glass/R-Glass), Application (Oil and Gas, Chemicals, Sewage, Irrigation and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Fiberglass Pipes Market
Data Bridge Market Research analyses that the fiberglass pipes market will witness a CAGR of 4.90% for the forecast period of 2021-2028. Increased need and demand for glass fibre reinforced plastic (GRP) pipes by oil and gas industry and increasing demand for lightweight, corrosion resistance, and durable pipe lines especially in the emerging economies are the major factors attributable to the growth of the fiberglass pipes market.
Fibreglass pipes are composed of a wide range of materials such as glass fibre, polyester resin, and fillers. Fibreglass pipes possess beneficial properties like corrosion resistance, long durability, and excellent tensile strength. Since fibre glass pipes are composed of two or more than two materials, as a result these possess greater beneficial properties. The offer steady performance even in extreme temperatures and offer low modulus of electricity. Not just that, fiberglass pipes deliver low installation costs which is beneficial for the manufacturer.
Growth and expansion of various end user verticals is the root cause fuelling up the fiberglass pipes market growth rate. Rising onshore and offshore applications against the extreme pressures and uncertain conditions will further create lucrative growth opportunities for the fiberglass pipes market. Rising construction activities around the world coupled with increased demand for oil and gas owing to ever-rising population and increasing personal disposable income will further induce growth in the demand for fiberglass pipes. Increasing demand for lightweight and durable fibreglass materials will also propel growth in the demand for fiberglass pipes especially in the emerging economies.
However, fluctuations in the prices of raw materials will pose a major challenge to the growth rate of fiberglass pipes market. Vulnerability toward mechanical damage and lack of pipe jointing system standards will further restrict the scope of growth for this fiberglass pipes market. The demand and supply gap will further derail the fiberglass pipes market growth rate. Stringent regulations imposed by the government for approval and on the use of fiberglass pipe for transporting hydrocarbons will further hamper the fiberglass pipes market growth rate.
This fiberglass pipes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fiberglass pipes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fiberglass Pipes Market Scope and Market Size
The fiberglass pipes market is segmented on the basis of type, fibre type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the fiberglass pipes market is segmented into glass fibre reinforced plastic (GRP) pipes, glass reinforced epoxy (GRE) pipes and others.
- On the basis of fibre type, the fiberglass pipes market is segmented into E-Glass and T-glass/S-glass/R-glass.
- On the basis of application, the fiberglass pipes market is segmented into oil and gas, chemicals, sewage, irrigation and others.
Global Fiberglass Pipes Market Country Level Analysis
The fiberglass pipes market is analysed and market size, volume information is provided by country, type, fibre type and application as referenced above.
The countries covered in the fiberglass pipes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the fiberglass pipes market and will continue to extend its growth rate during the forecast period. This is because of the growth and expansion of various end user verticals in this region. Rising economic development, increasing urbanization and rising infrastructural development such as installation of sewage lines, increasing water distribution channels, and much more and some other growth inducing factors for this region. China will emerge as the major contributor from this region as it is the largest exporter of oil and gas from this region.
The country section of the fiberglass pipes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fiberglass Pipes Market Share Analysis
The fiberglass pipes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fiberglass pipes market.
The major players covered in the fiberglass pipes market report are PPG Industries, Inc., Future Pipe Industries., Chemical Process Piping Pvt.Ltd., Saudi Arabian Amiantit Co., NOV Inc., Russel Metals Inc., Amiblu Holding GmbH, ANDRONACO INDUSTRIES., Enduro, Gruppo Sarplast, FIBREX., FCX Performance., Hengrun Group Co., Ltd, Graphite India Limited, ADPF, Balaji Fiber Reinforce Pvt. Ltd., Zhongfu Lianzhong Group, Shawcor Ltd. and FIBREX - Fiberglass Pipe Manufacturer, FRP Pipes, GRP Pipes among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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