The Europe Fiberglass Pipes Market Size, Drivers, Opportunities and Key Players - Global Forecast to 2030

The Europe Fiberglass Pipes Market is expected to grow from US$ 948.11 million in 2022 to US$ 1,212.72 million by 2028. It is estimated to grow at a CAGR of 4.2 % from 2022 to 2028.
Increasing Installation of Oil & Gas Pipelines is Fuels Europe Fiberglass Pipes Market.

Fiberglass pipes are considered a reliable and cost-effective alternative to steel pipes for onshore and offshore corrosion control in the low to high-pressure oil & gas sector. The diverse range of pipeline applications in the sector include oil separation, enhanced oil recovery systems, oil production processes, transportation, and underground piping. The wide range of applications of fiberglass pipes such as fiberglass-reinforced epoxy pipes and fiberglass-reinforced polyester pipes can be attributed to its properties such as corrosion and pressure resistance, long service life, lightweight, high strength, nontoxic nature, and other mechanical properties.

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The oil & gas industry is reporting increasing fuel demand due to rapid economic growth and rising oil utilization for applications such as feedstock and power generation. In 2021, Russia was among the top five largest energy producers and consumers in the world, producing 595.2 million tons of crude oil, of which 286.6 million tons were exported, according to the report published by Bruegel AISBL in 2023. The report also revealed that crude oil is exported by two main routes-pipeline and oil tanker at sea. According to the report released by Center for Eastern Studies in 2023, the government of Russia planned to boost the gas exports to China accounting for shipment of 98 billion cubic meters of gas per year, partially achieved through a planned Power of Siberia-2 pipeline, by 2030.

MARKET INTRODUCTION

The Europe fiberglass pipes market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The increasing utilization of fiberglass pipes from various industries, including oil & gas, chemicals, and water & wastewater treatment, is propelling the market growth in Europe. According to the European Commission, the chemical industry represents ~7.5% of European Union manufacturing by turnover in the year 2018. The strong presence of the chemical industry in countries such as Germany, France, the UK, and Italy creates a huge demand for fiberglass pipes. According to the European Chemical Industry Council, AISBL, in 2022, Europe was the world's second-largest producer of chemical products. Germany is the largest producer of chemical products, followed by France, the UK, and Italy. In addition, the strong presence of major chemical manufacturers such as BASF SE and INEOS in the European region is expected to provide growth opportunities to the Europe fiberglass pipes market over the coming years. In addition, according to the European Commission, crude oil and petroleum products account for the largest share of gross inland energy consumption in the EU. Despite decreasing production and fluctuating consumption through the years, crude oil and its derived products still play a significant role in the Europe's economy. In Norway, a key European non-EU crude oil producer, oil production increased from a record low of 70.0 Mt in 2019 to 87.4 Mt in 2021.
List of Companies Profiled in the Europe Fiberglass Pipes Market Report are:
• Amiblu Holding GmbH
• EPP Composites Pvt Ltd
• Future Pipe Industries LLC
• Gruppo Sarplast Srl
• Kurotec-KTS GmbH
• Kuzeyboru AS
• NOV Inc

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Key Segmentation:

The Europe fiberglass pipes market is segmented into resin type, end use, and country.
Based on resin type, the Europe fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held a largest Europe fiberglass pipes market share in 2022.
Based on end use, the Europe fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The oil and gas segment held the largest Europe fiberglass pipes market share in 2022.
Based on country, the Europe fiberglass pipes market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe fiberglass pipes market in 2022.
Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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