Fiberglass Pipes Market Have Made 3.25 Billion USD and Growing With 5.3% By 2024 With Players Like Sarplast SA, Fibrex Construction Group, FCX Performance, PPG Industries, Inc., Hengrun Group Co., Ltd., Enduro Composites, Inc., Saudi Arabian Amiantit and
Fiberglass pipes are composite materials which have combine properties of two or more materials such as glass fibers and resins. These pipes are characterized by high strength and steady performances in extreme temperatures. There is a growing demand for fiberglass pipes in oil & gas, chemicals, sewage and irrigation activities, which is expected to be one of the major drivers of the market over the next seven years.
The Global Fiberglass Pipes Market accounted for USD 3.25 billion in 2016 and is projected to grow at a CAGR of 5.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers:
• Lightweight, higher corrosion resistance and superior properties of fiberglass pipes
• Growing demand for GRP pipe in offshore oil & gas production activities
• Fiberglass pipe act as the replacement concrete & metallic pipe in the infrastructure & industrial sector
• Restriction on the use of fiberglass pipe for transporting hydrocarbons
• Authorization requirement from regulatory authorities
Market Segmentation: Global Fiberglasss Pipes Market
The fiberglass pipes market is segmented on the basis of type into GRE pipes and GRP pipes.
On the basis of fiber type, the market is segmented into E-glass and T-glass/S-glass/R-glass.
On the basis of application, the market is segmented into oil & gas, chemicals, sewage, irrigation and others.
On the basis of geography, the fiberglass pipes market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Fiberglasss Pipes Market
The global fiberglass pipes market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Fiberglasss Pipes Market
Some of the major players in fiberglass pipes market include Kemrock Industries and Exports Limited, Apex Western Fiberglass, Inc., HOBAS Pipes International GmbH, Andronaco Industries, Future Pipe Industries, Sarplast SA, Fibrex Construction Group, FCX Performance, PPG Industries, Inc., Hengrun Group Co., Ltd., Enduro Composites, Inc., Saudi Arabian Amiantit Company, ZCL Composites, Inc., Graphite India Limited, National Oilwell Varco, Inc. and many more.
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