Fiberglass Pipes Market Size, Share, Growth Analysis, By Resin Type(Polyester, Vinyl Ester, and Epoxy), By Fiber Type(E-Glass, T-Glass, S-Glass, and Others), By Application(Oil and Gas, Chemicals, Sewage and Water Treatment, Irrigation), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Fiberglass Pipes Market?

Global Fiberglass Pipes Market size was valued at USD 4.52 billion in 2022 and is poised to grow from USD 4.7 billion in 2023 to USD 6.69 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

Report ID: SQMIG15G2085 | Region: Global | Published Date: March, 2024
Pages: 157 | Tables: 94 | Figures: 76

Fiberglass Pipes Market News

November 2023: Completion of the acquisition of United Fiberglass has been effectively executed by using the Group, encompassing the enterprise and property from a charitable foundation. The existing control team will hold to steer the enterprise, and the coins consideration, amounting to $14.0 million (approximately £11.4 million), could be funded via the Group's present banking facilities, preserving a debt and coins-loose basis.

In March, 2023, Future Pipe Industries (Egypt) acquired a Certificate of Appreciation from the corporation’s strategic enterprise accomplice Petrobel Petroleum Co, for installation of GRE crude oil transition line from tanks to Petrico (Egypt).

In February, 2022, Future Pipe Industries accelerated its manufacturing facility in Saudi Arabia by including new manufacturing strains of Flex strong, an excessive-strain spoolable pipe, with diameter up to six inches.

Fiberglass Pipes Market Report Snapshots

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Fiberglass Pipes Market size was valued at USD 4.52 billion in 2022 and is poised to grow from USD 4.7 billion in 2023 to USD 6.69 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The aggressive environment of the Fiberglass Pipes market is dynamic and shaped by the presence of key enterprise gamers striving for market dominance. These businesses have interaction in strategies including mergers, acquisitions, collaborations, and product innovations to strengthen their market role. Significant players in the market regularly leverage their widespread research and development talents to introduce superior technology and beautify product performance. 'Future Pipe Industries', 'Chemical Process Piping Pvt. Ltd. (CPP)', 'Graphite India Limited', 'Saudi Arabian Amiantit Co.', 'National Oilwell Varco', 'Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.', 'NOV Inc.', 'Amiblu Holding GmbH', 'EPP Composites Pvt Ltd.', 'Sunrise Industries (India) Ltd.', 'Fibrex FRP Piping Systems', 'Plasticon Germany GmbH', 'Poly Plast Chemi Plants (I) Pvt Ltd', 'Kurotec-KTS GmbH', 'Gruppo Sarplast Srl', 'Kuzeyboru AS', 'Abu Dhabi Pipe Factory', 'Balaji Fiber Reinforced', 'FlowGuard', 'Hobas Concrete Pipe Company'

The growing demand for corrosion-resistant and durable materials in diverse industries. Cast fiberglass pipes offer splendid corrosion resistance, making them best for packages in harsh chemical environments, oil and gasoline transportation, and sewage systems. Additionally, the rising emphasis on infrastructure improvement globally, in particular in water and wastewater treatment centers and business projects, fuels the demand for solid fiberglass pipes.

Rising Adoption Of Cast Fiberglass Pipes In The Oil And Gas Industry: The growing adoption of forged fiberglass pipes inside the oil and gasoline enterprise, driven by their corrosion resistance and durability in disturbing operational environments. Another substantial trend is the growing use of these pipes in water and wastewater infrastructure tasks, mainly in regions that specialize in improving water control structures.

Asia-Pacific is likely to dominate the marketplace due to fast industrialization, urbanization, and infrastructure improvement in nations such as China and India. Increasing demand for fiberglass pipes in programs like water and wastewater control, chemical processing, and construction activities contributes to the region's dominance.

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Fiberglass Pipes Market Size, Share, Growth Analysis, By Resin Type(Polyester, Vinyl Ester, and Epoxy), By Fiber Type(E-Glass, T-Glass, S-Glass, and Others), By Application(Oil and Gas, Chemicals, Sewage and Water Treatment, Irrigation), By Region - Industry Forecast 2024-2031

Fiberglass Pipes Market News

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