What is Fiberglass Pipe Market?
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.
The market study is being classified by Type (GRE Pipes, GRP Pipes and Others), by Application (Oil & Gas, Chemicals, Sewage, Irrigation and Others) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Arkema (France), Mitsubishi Plastics, Inc. (Japan), Formosa Plastics Corporation (Taiwan), SGL Group (Germany), SABIC (Saudi Arabia) and Huntsman Corporation (United States).
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. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Fiberglass Pipe market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Fiberglass Pipe market by Type, Application 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 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Lightweight, higher corrosion resistance, and superior properties of fiberglass pipes
- An increase in population has augmented the demand for fuel, oil, gas to meet daily needs.
- Growing demand for GRP pipe in offshore oil & gas production
- Rapid industrialization across countries is fuelling the demand for cost-effective and durable pipelines
- Restriction on the use of fiberglass pipe for transporting hydrocarbons
- 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
- Authorization requirement from regulatory authorities
Key Target AudienceDistributor & Supplier companies, End Users, Consultants and Investment bankers, Government as well as Independent Regulatory Authorities and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Fiberglass Pipe Market?
"Lightweight, higher corrosion resistance, and superior properties of fiberglass pipes
" is seen as one of major growth factors of Fiberglass Pipe Market in years to come.
2. Can we have customized study for Fiberglass Pipe Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.