About Fiberglass Pipe
The rising adoption from offshore oil & gas production will help to drive the demand for Fiberglass Pipe in the forecasted period. Fiberglass pipes are composite materials that have combine properties of two or more materials including glass fibers and resins, that are used in various end-use applications including chemicals as well as irrigation. Fiberglass is constructed using fine threads of glass fibers, which are chopped into tiny pieces and used as very strong, effective reinforcement agents. These pipes are composite products manufactured from glass fiber reinforcements, which are enclosed by a thermosetting resin. When compared with traditional pipes, these pipes typically possess superior strength, high durability and tensile strength, low density, and are virtually inert. They also have better mechanical properties that result in extended product life. Composite, or fiberglass pipe, has been utilized in a wide range of industries such as power generation, petrochemical, and desalination.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The Global Fiberglass Pipes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that Asian Vendors will contribute the maximum growth to Global Fiberglass Pipe market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sarplast SA (Switzerland), Abu Dhabi Pipe Factory (UAE), Graphite India Limited (India), HOBAS (Austria), Saudi Arabian Amiantit Co. (Saudi Arabia), National Oilwell Varco (United States), Hengrun Group Co., Ltd. (China), Future Pipe Industries (UAE), Chemical Process Piping Pvt. Ltd.(India) and Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Arkema (France), Mitsubishi Plastics, Inc. (Japan), Formosa Plastics Corporation (Taiwan), SGL Group (Germany), SABIC (Saudi Arabia) and Huntsman Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fiberglass Pipe market by Type (GRE Pipes, GRP Pipes and Others), Application (Oil & Gas, Chemicals, Sewage, Irrigation and Others) and Region.
On the basis of geography, the market of Fiberglass Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Fiber, the sub-segment i.e. E-Glass will boost the Fiberglass Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Centrifugal Casting will boost the Fiberglass Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for GRP pipe in offshore oil & gas production and Rapid industrialization across countries is fuelling the demand for cost-effective and durable pipelines
Market Growth Drivers:
Lightweight, higher corrosion resistance, and superior properties of fiberglass pipes and An increase in population has augmented the demand for fuel, oil, gas to meet daily needs.
Challenges:
Authorization requirement from regulatory authorities
Restraints:
Restriction on the use of fiberglass pipe for transporting hydrocarbons
Opportunities:
Revival in oil exploration at the global level followed by an increase in demand for crude oil, LPG, and Natural Gas is expected to drive the demand for fiberglass pipe in the coming years
Market Leaders and their expansionary development strategies
In November 2023, Creative Composites Group a manufacturer of fiber-reinforced polymer (FRP) composites, acquired the assets of United Fiberglass of America, Inc. (UF, Springfield, Ohio, U.S.), a manufacturer of quality fiberglass pipe, conduit and bridge drain infrastructure systems.
In March 2023, Perigee Direct, the leading manufacturer and supplier of specialty consumables for scientific and industrial customers and organizations, launched their Loctite Pipe Repair Kits 96321 and 96322 (aka 209818 and 269078). These pipe patch kits are highly recommended for reliable, temporary metal, plastic, and composite pipe repairs. They are made with their experience and expertise.
Key Target Audience
Distributor & Supplier companies, End Users, Consultants and Investment bankers, Government as well as Independent Regulatory Authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.