Press release
Fiberglass Pipe Market demand spurred by rising infrastructure development activities | National Oilwell Varco, Fibrex Corporation, and PPG Industries
Fiberglass Pipe Market
This report provides an exhaustive account of the industry including:
o Fiberglass Pipe market share, historical from 2015 to 2019 and annual forecast from 2020 to 2026.
o Major Fiberglass Pipe industry trends, technology evolution, economic indicators and business challenges.
o Regulatory and geopolitical trends impacting the industry.
o Business drivers and pitfalls impacting key regional markets.
o Competitive landscape of the industry and detailed profiles on the major companies.
Fiberglass pipes are actively being used across a plethora of industrial product applications, ranging from the transfer and storage of corrosive materials to the handling of various other materials within different corrosive environments. Owing to its corrosion resistance, low maintenance, high strength-to-weight ratio, low life cycle cost, fiberglass pipe is preferred over conventional concrete pipes.
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Concrete pipes deteriorate rapidly in sewage applications owing to hydrogen sulfide attack. The process erodes the pipe's upper surface to eventually causes it to cave-in. fiberglass pipes are not affected by hydrogen sulfide or to the results of purging that is carried out using caustic or hypochlorite to eliminate the sulfide odor.
Increasing infrastructure expenditures across emerging economies and growing infrastructure upgradation activities in developed countries are likely to drive the waste management application segment. Additionally, fiberglass pipes are also used in the oil & gas industry for transportation of crude oil, natural gas, and refined products. Its exceptional properties of being able resist corrosion and depicting high strength to weight ratio will also increase its usage across the chemical sector. Expanding usage of chemicals across various applications worldwide will thus increase fiberglass Pipe market demand in the upcoming years.
With respect to revenue, the Latin America fiberglass business is projected to hold a prominent share of the overall industry landscape over the coming years. Increasing economic development and rising government initiatives towards the development of infrastructure like water distribution channels, oil transportation, and sewage lines are expected to augment the demand for fiberglass pipes over the forecast time period. Expansion in the avenues of waste management, chemicals, and oil and gas will also add substantially to the fiberglass Pipe market growth.
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Some of the companies mentioned in the fiberglass Pipe industry report include National Oilwell Varco, Graphite India Limited, HOBAS International GmbH, Saudi Arabian AMIANTIT Company, Fibrex Corporation, and PPG Industries.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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