Press release
Top Factor Driving Fiberglass Pipes Market Growth in 2025: Rising Exploration In Oil And Gas Sectors Fuels Growth In Fiberglass Pipes Market
Fiberglass Pipes Market Outlook
The fiberglass pipes market is anticipated to witness substantial growth owing to the accelerating activities in the oil and gas exploration sectors. These sectors encompass various strategies and techniques for identifying potentially lucrative locations for the extraction and drilling of oil and gas. In order to sustain production levels, oil firms extensively depend on water injection, which triggers a surge in flow rates and injection pressures as a result of corrosion and erosion. Fiberglass pipes are employed in these circumstances to control the pressure due to their non-corrosive nature. Additionally, FPI has a wealth of experience with downhole pipes, which are optimal for oil, gas, water, and chemical wells and are used for the insertion of water, CO2, waste, and production lines. For instance, the International Energy Agency, an intergovernmental organization based in France, projected in November 2023 that the global oil demand is set to rise by 1.5 million barrels per day in 2024, totaling around 102.4 million barrels daily. Therefore, the growing exploration activities in the oil and gas sectors are bolstering the expansion of the fiberglass pipes market.
Get Your Fiberglass Pipes Market Report Here:
https://www.thebusinessresearchcompany.com/report/fiberglass-pipes-global-market-report
How will the growth rate of the fiberglass pipes market shape industry trends by 2034?
Over the past years, there has been significant growth in the size of the fiberglass pipes market. The market is projected to expand from $5.29 billion in 2024 to $5.63 billion in 2025, attaining a compound annual growth rate (CAGR) of 6.5%. The impressive growth witnessed during the historical period is largely a result of increased demand in the oil and gas industry, in addition to the corrosion resistance, lightweight nature, durability, and chemical resistance of these pipes. The low thermal conductivity of these pipes also contributes to their growing popularity.
The market for fiberglass pipes is anticipated to witness substantial expansion over the next few years, with its size projected to reach $7.49 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The factors contributing to this growth during the forecast period are investments in water infrastructure, an upsurge in desalination projects, focus on green construction, development of smart cities, and rising adoption in emerging markets. Key trends expected during this period encompass technological innovation, progress in resin technology, customizations and specialty applications, implementation of filament winding technology, along with sustainability and environmental considerations.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9223&type=smp
What trends are poised to drive the future success of the fiberglass pipes market?
One emerging trend gaining momentum in the fiberglass pipes market is the formation of strategic alliances. Market leaders are prioritizing partnerships to maintain their competitive edge. For example, in June 2022, Owens Corning, a US firm specializing in Composites aimed at providing high-value material solutions, formed a partnership with Pultron Composites, a New Zealand company that leads the way in creating a top-notch fiberglass rebar and pipe production system. This alliance bolsters the market potential of Owens Corning by expanding its capacity and services offering. Additionally, in May 2020, Energy Services Middle East, a Kuwaiti company providing innovative solutions to oil & gas and alternative energy firms across the Gulf and East & West Africa, partnered with Subor Pipe Industry Trade, without disclosing any financial details. Energy Services anticipates this partnership will lead to a prosperous future for both companies. Subor Pipe Industry Trade is a Turkey-based firm that produces Glass fiber Reinforced Polyester (GRP) Pipes.
Which primary segments of the fiberglass pipes market are driving growth and industry transformations?
The fiberglass pipes market covered in this report is segmented -
1) By Type: Glass Reinforced Plastic, Glass Reinforced Epoxy, Other Types
2) By Fiber: T-Glass, E-Glass, Other Fibers
3) By End Use: Oil And Gas, Chemicals, Sewage, Irrigation, Other End Uses
Subsegments:
1) By Glass Reinforced Plastic (GRP): Standard GRP Pipes, Corrosion-Resistant GRP Pipes
2) By Glass Reinforced Epoxy (GRE): Standard GRE Pipes, High-Pressure GRE Pipes
3) By Other Types: Hybrid Reinforced Pipes, Specialty Fiberglass Pipes
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9223
Which geographical regions are pioneering growth in the fiberglass pipes market?
Asia-Pacific was the largest region in the fiberglass pipes Market in 2024. The regions covered in the fiberglass pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the fiberglass pipes market landscape?
Major companies operating in the fiberglass pipes market include 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., Hengrun Group Co. Ltd., Sekisui Chemical Co. Ltd., Balaji Fiber Reinforce Pvt. Ltd., Shawcor Ltd., Amiblu Holding GmbH, EPP Composites Pvt. Ltd., Kuzeyboru AS, Poly Plast Chemi Plants (I) Pvt. Ltd., Plasticon Germany GmbH, Kurotec-KTS GmbH, Enduro Composites Inc., Flowtite Technology AS, Fiberglass Fabricators Inc., Fibrex FRP Piping Systems, Fibro Plastichem India Pvt. Ltd., Fibrotech Industries, Fibrox Plastichem India Pvt. Ltd., Fibsol GmbH, Fibtech Composite Industries, Fibtex Industries, Fibxol Polymers Pvt. Ltd., Filament Windings Inc., Flowtite South Africa, Fibre Reinforced Plastic Manufacturing Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9223&type=smp
What Is Covered In The Fiberglass Pipes Global Market Report?
• Market Size Forecast: Examine the fiberglass pipes market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fiberglass pipes market for a structured understanding.
• Key Players Overview: Analyze major players in the fiberglass pipes market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fiberglass pipes market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fiberglass pipes market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fiberglass pipes market.
• Industry Challenges: Identify potential risks and obstacles affecting the fiberglass pipes market.
• Competitive Landscape: Review strategic developments in the fiberglass pipes market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top Factor Driving Fiberglass Pipes Market Growth in 2025: Rising Exploration In Oil And Gas Sectors Fuels Growth In Fiberglass Pipes Market here
News-ID: 3892204 • Views: …
More Releases from The Business Research Company
Global Fuel Cell Vehicle Market Worth $14.81 Billion by 2029, Growing at 46.4% C …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Fuel Cell Vehicle Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the fuel cell vehicle market has witnessed a significant expansion. The figures are projected to increase from $2.15 billion in 2024 to about $3.23 billion by 2025, with a compound annual growth…
Driver Assistance Systems For Locomotives Market to Grow at 4.6% CAGR, Reaching …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Driver Assistance Systems For Locomotives Market Outlook: How is the Market Expected to Grow by 2025?
The market size for driver assistance systems in locomotives has seen robust growth over the past few years. The market, which stands at $9.11 billion in 2024, is predicted to expand to $9.35 billion…
Yacht Industry Expected to Reach $10.79 Billion by 2029 at 3.5% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Yacht Market Value Projection: How Much Will the Market Size by 2025?
Over the past few years, there has been a consistent expansion in the yacht market. It is projected to escalate from $9.06 billion in 2024 to $9.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.8%.…
Global Brake Hoses Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Brake Hoses Market Size Forecast for 2025?
In recent times, there has been a consistent growth in the market size of brake hoses. The market is expected to expand from a size of $18.07 billion in 2024 to a value of $18.91 billion in 2025, registering a…
More Releases for Pipe
Seamless casing pipe vs ERW casing pipe
Seamless steel casing pipes-casing made of seamless steel pipe as raw material
Seamless pipe refers to a steel pipe manufactured by four methods: hot rolling, cold rolling, hot drawing, and cold drawing. There is no weld seam on the pipe body itself.
ERW casing pipe-casing made of electric welded pipe as raw material
ERW pipe refers to a straight seam welded pipe manufactured through a high-frequency resistance welding process. The raw material steel…
Comparison of ERW Welded Pipe and Seamless Steel Pipe (tested by PetroChina Pipe …
1. Outer diameter tolerance
ERW steel pipe: It is cold-formed and sizing is completed by reducing the diameter by 0.6%. The process temperature is basically constant at room temperature. Therefore, the outer diameter is controlled accurately and the fluctuation range is small, which is helpful to eliminate black leather buckles.
Seamless steel tube: The hot-rolling forming process is used, and its sizing is completed at about 8000C. The raw material composition, cooling…
Conduit Pipe Market Bolstered by Emerging New Advancements, Says QYR | ABB, Nati …
LOS ANGELES, United States: The report is an all-inclusive research study of the global Conduit Pipe market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. The market analysts and researchers have done extensive analysis of the global Conduit Pipe market with the help of research methodologies such as PESTLE and Porter’s Five Forces analysis. They have provided accurate and reliable market data and useful recommendations…
HDPE Pipes Market Current Trends and Detailed Study with Forecast to 2028 | Oil …
Global HDPE Pipes Market: Overview
The application of high density polyethylene (HDPE) pipes has increased in industry like chemical, electronics, and gas distribution. As a result of this extensive application, the global HDPE pipes market is witnessing a substantial growth in the forecast period of 2018 to 2028. Moreover, the growing demand for HDPE pipes in drainage and sewerage industry is another factor that is responsible for the growth of…
Global HDPE 100 Pipe Market 2017 LESSO, Cangzhou Mingzhu, Junxing Pipe, Ginde Pi …
In this report, the global HDPE 100 Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Market Report HDPE 100 Pipe Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This HDPE 100 Pipe Industry report also states Company Profile, sales,…
Anti-corrosion Steel Pipe and Coating Steel Pipe
Anti-corrosion steel pipe refers to do anti-corruption treatment for the ordinary steel pipe with special technology, making the steel pipe equipped certain corrosion resistance.Generally used in waterproof, anti-rust, acid and alkali proof, anti-oxidation and so on.Different needs, different inside and outside wall corresponding anti-corrosion measures.Common are: epoxy coal tar anti-corrosion, anti-corrosion epoxy coatings, urethane paint anti-corrosion, IPN8710 water pipeline corrosion protection, non-toxic paint anti corrosion,anti-corrosion polymer coating, steel pipe lining…
