Fiberglass Pipes Market Size is Anticipated to Acquire US$ 6.3 Billion by 2028 With a CAGR of 4.8%

IMARC Group, a leading market research company, has recently releases report titled "Fiberglass Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global fiberglass pipes market growth, trends, size, share and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global fiberglass pipes market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Request For Sample Copy of Report: https://www.imarcgroup.com/fiberglass-pipes-market/requestsample

Factors Affecting the Growth of the Fiberglass Pipes Industry:

• Versatility in Application:
The increasing utilization of fiberglass pipes for numerous applications represents one of the primary factors driving their demand across the globe. Fiberglass pipes fiberglass pipes are widely used for transporting drinking water, sewage, and industrial wastewater. Their resistance to corrosion and scaling ensures the purity of drinking water and minimizes maintenance in wastewater systems. Additionally, the rising use of fiberglass pipes in the oil and gas sector for the transport of crude oil, natural gas, and various petrochemical products is facilitating the market growth.

• Growing Demand for Infrastructure Development:
The expanding global population and the increasing construction of residential and commercial places are catalyzing the demand for fiberglass pipes. Along with this, several countries are focusing on upgrading and expanding their existing infrastructure, which is driving the need for reliable and durable piping systems to support these developments. Infrastructure projects, such as water supply networks, wastewater treatment facilities, and transportation systems, require robust and long-lasting piping solutions. Fiberglass pipes, with their corrosion resistance, longevity, and versatility, align perfectly with these infrastructure demands.

• Regulatory Compliance and Safety Standards:
The stringent regulatory compliance and safety standards set by government authorities and industry organizations are creating a positive outlook for the market. Fiberglass pipes are often certified and tested to meet specific safety standards, providing assurance to industries and regulatory bodies. Additionally, the non-conductive properties of these pipes make them suitable for applications where electrical insulation. Furthermore, the increasing emphasis on safety and compliance with industry standards is encouraging many sectors to adopt fiberglass pipes to reduce harmful emissions and promote environmental health.

Inquire Before Buying: https://www.imarcgroup.com/request?type=report&id=6071&flag=F

Fiberglass Pipes Market Report Segmentation:

Breakup by Product Type:
• Glass Fiber Reinforced Plastic (GRP) Pipes
• Glass Reinforced Epoxy (GRE) Pipes
• Others

Glass Reinforced Epoxy (GRE) Pipes hold the largest market share of fiberglass pipes due to their superior corrosion resistance, durability, and suitability for a wide range of applications.

Breakup by Fiber Type:
• E-Glass
• T-Glass/S-Glass/R-Glass
• Others

E-glass holds the largest market share of fiberglass pipes because of its excellent mechanical properties, including high tensile strength and modulus.

Breakup by Production Process:
• Centrifugal Casting
• Filament Winding
• Pultrusion
• Others

Filament winding accounts for the largest market share due to its efficient and precise manufacturing process, which results in pipes with high structural integrity and resistance to corrosion.

Breakup by Material:
• Polyester
• Polyurethane
• Epoxy
• Others

Polyurethane dominates the market because of its exceptional chemical resistance, flexibility, and durability.

Breakup by End User:
• Oil & Gas
• Chemicals
• Sewage
• Irrigation
• Others

Oil and gas represent the largest market segment due to their ability to withstand harsh and corrosive environments, reducing maintenance costs and ensuring the reliable transport of hydrocarbons in the energy industry.

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Asia Pacific's dominance in the fiberglass pipes market is attributed to rapid industrialization, infrastructure development, and the need for durable, corrosion-resistant piping solutions across various industries in the region.

Global Fiberglass Pipes Market Trends:

The increasing emphasis on sustainability across various industries is strengthening the growth of the market. Additionally, the rising consciousness among the masses about the harmful impact of industrial activities on nature is driving the demand for eco-friendly products and practices. Fiberglass pipes can be recycled, reducing the burden on landfills and conserving resources. In addition, these pipes offer resistance to corrosion and chemical degradation, which contributes to environmental sustainability. Furthermore, the implementation of stringent environmental regulations and standards is driving the adoption of fiberglass pipes.

Who Are The Key Players Operating In The Industry?

The report covers the major market players including:

Abu Dhabi Pipe Factory LLC, Amiblu Holding GmbH, Chemical Process Piping Pvt Ltd, Enduro Composites Inc., Fibrex Corporation, Future Pipe Industries, Graphite India Limited (The Emerald Company Ltd.), Gruppo Sarplast S.r.l., Hubei Apex Technology Co. Ltd., Nov Inc., Russel Metals Inc and Saudi Arabian Amiantit Company.

Other Key Points Covered in the Report:
• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.