Press release
Growth in the Fiberglass Pipes Market: Insights into Key Players, Market Size, and Trends
Fiberglass Pipes Market Size
What Is The Projected Market Size Of The Global Fiberglass Pipes Market And Its Growth Rate?
The Fiberglass Pipes Market has seen steady growth with key statistics revealing:
- The market size has grown from $5.29 billion in 2024 to $5.63 billion in 2025 with a compound annual growth rate (CAGR) of 6.5%.
- Factors such as growing demand in the oil and gas industry, corrosion resistance, and low thermal conductivity have fueled this growth.
- Projected growth can see the market size increase to $7.49 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%.
- Growth factors for the forecast period include water infrastructure investment, development of smart cities, and emerging markets adoption.
What Is Driving The Growth In The Fiberglass Pipes Market?
Increased exploration activities in the oil and gas sectors are propelling the growth in the fiberglass pipes market. These processes are crucial for locating potential sites for oil and gas drilling and extraction. The demand for water injection in the oil and gas sector also contributes to the market's expansion because fiberglass pipes are required to balance the increased injection pressures due to corrosion and erosion. The expected increase in global oil demand to approximately 102.4 million barrels per day in 2024 further solidifies the market's growth.
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Who Are the Key Players Driving Fiberglass Pipes Market Growth?
The Fiberglass Pipes Market is propelled by key players such as:
- NOV Inc.
- Saudi Arabian Amiantit Company
- HOBAS International GmbH
- Chemical Process Piping Pvt. Ltd.
- Fibrex Corporation
- Abu Dhabi Pipe Factory LLC
- Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd.
- Future Pipe Industries Inc.
- Sarplast SA
- ZCL Composites Inc.
What Are The Key Trends In The Fiberglass Pipes Market?
Key trends in the Fiberglass Pipes Market include:
- Technological Innovations
- Advancements in resin technology
- Customization and specialty applications
- Adoption of filament winding technology
- Sustainability and environmental considerations.
What Are The Segments Of The Global Fiberglass Pipes Market?
The Fiberglass Pipes market can be segmented by:
- Type: Glass Reinforced Plastic, Glass Reinforced Epoxy, Other Types
- Fiber: T-Glass, E-Glass, Other Fibers
- End Use: Oil And Gas, Chemicals, Sewage, Irrigation, Other End Uses
Which Region Leads The Fiberglass Pipes Market?
As of 2024, the largest region in the Fiberglass Pipes Market is Asia-Pacific, which includes countries like China, India and Australia. Growth in this region can be attributed to the demand in various industries such as oil and gas, chemical, and others.
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What Is Covered In The Fiberglass Pipes Market Global Market Report?
- Market Size Analysis: Analyze the Fiberglass Pipes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fiberglass Pipes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fiberglass Pipes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fiberglass Pipes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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