Overview and Scope
A fiberglass pipe refers to a pipe made from a composite material such as glass fiber-reinforced plastic, which consists of a polymer matrix reinforced with fibers. It includes aggregates, granules, platelet fillers, thixotropic agents, and pigments or dyes. Since it is lightweight and corrosion-resistant, it is used in several industries for water and natural gas transportation.
Sizing and Forecast
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 growing demand in oil and gas industry, corrosion resistance, lightweight and high strength, durability and longevity, chemical resistance, low thermal conductivity..
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, growth in desalination projects, focus on sustainable construction, development of smart cities, emerging markets adoption.. Major trends in the forecast period include technological innovations, advancements in resin technology, customization and specialty applications, adoption of filament winding technology, sustainability and environmental considerations..
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Segmentation & Regional Insights
The fiberglass pipes market covered in this report is segmented –
1) By Type: Glass Reinforced Plastic, Glass Reinforced Epoxy, Other Types
2) By Fiber: T-Glass, E-Glass, Other Fibers
3) By End Use: Oil And Gas, Chemicals, Sewage, Irrigation, Other End Uses
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
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Major Driver Impacting Market Growth
The increasing exploration activities in the oil and gas sectors are expected to propel the growth of the fiberglass pipes market going forward. Exploring activities in the oil and gas sectors refers to the processes and methods involved in locating potential sites for oil and gas drilling and extraction. In the oil and gas sector, to keep up production, oil companies heavily rely on water injection which causes an increase in flow rates and injection pressures due to corrosion and erosion. In such situations, fiberglass pipes are used to balance the pressure because they are non-corrosive. Also, in addition to good casings for oil, gas, water, and chemical wells, FPI has experience with downhole pipes used for the injection of water, CO2, waste, and production lines. For instance, according to Zippia, Inc., a US-based provider of online recruitment services, in 2021, the oil drilling and gas extraction market in the United States is worth $463.8 billion. Also, in 2020, the gas and oil sector in the US generated $110.7 billion in revenue with 67,901 companies that extract gas and drill for oil employing 218 966 citizens and sustaining 10.3 million employments. Therefore, the increasing exploration activities in the oil and gas sectors are driving the growth of the fiberglass pipes market.
Key Industry Players
Major companies operating in the fiberglass pipes market are developing new fire-retardant pipe systems to strengthen their position in the market. Fire-retardant pipe jacket refers to a protective covering or insulation applied to pipes that has been treated or designed to resist the spread of fire. For instance, in March 2022, Georg Fischer Piping Systems Ltd., a Switzerland-based piping systems company, launched HEAT-FIT, a fire-retardant pipe jacket solution for thermoplastic piping systems in the shipbuilding industry. This innovation is designed to provide lightweight and corrosion-free alternatives for essential applications on ships, meeting high safety standards, including fire resistance. HEAT-FIT features a two-layer design with thermoplastic polyurethane, high-temperature fiberglass fabric, and a non-toxic, water-based intumescent coating. The system can withstand temperatures up to 1000°C for 30 minutes at 3 bar pressure. Its installation is user-friendly and can be retrofitted without additional training, making it suitable for the harsh marine environment.
The fiberglass pipes market report table of contents includes:
1. Executive Summary
2. Fiberglass Pipes Market Characteristics
3. Fiberglass Pipes Market Trends And Strategies
4. Fiberglass Pipes Market – Macro Economic Scenario
5. Global Fiberglass Pipes Market Size and Growth
…
31. Global Fiberglass Pipes Market Competitive Benchmarking
32. Global Fiberglass Pipes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fiberglass Pipes Market
34. Fiberglass Pipes Market Future Outlook and Potential Analysis
35. Appendix
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