Press release
Rising Exploration In Oil And Gas Sectors Fuels Growth In Fiberglass Pipes Market: An Emerging Driver Transforming The Fiberglass Pipes Market Landscape
Fiberglass Pipes
What Is the Fiberglass Pipes Market Size and Projected Growth Rate?
The market size of fiberglass pipes has experienced significant expansion in the past few years. It's predicted to increase from $5.29 billion in 2024 to $5.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. The ascension witnessed in the historic phase is attributable to the escalating demand in the oil and gas sector, its resistance to corrosion, reduced weight yet amplified strength, durability and longevity, resistance to chemicals, and minimal thermal conductivity.
The market for fiberglass pipes is projected to experience robust growth in the coming years, with its valuation expected to reach $7.49 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.4%. This predicted growth over this forecast period can be linked to investments in water infrastructure, an increase in desalination projects, emphasis on eco-friendly construction, smart city development, and adoption in emerging markets. Key emerging trends during this forecast period are technological breakthroughs, advancements in resin technology, customization and specific applications, application of filament winding technology, as well as considerations towards sustainability and environment.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9223
What Are the Different Fiberglass Pipes Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9223&type=smp
What Are the Primary Drivers Shaping the Fiberglass Pipes Market?
The escalation of exploratory operations in the oil and gas industries is anticipated to drive the expansion of the fiberglass pipes market. These exploratory activities in the oil and gas industries enable the identification of potential locations for oil and gas drilling and extraction. Oil companies heavily depend on water injection in order to maintain their output in the oil and gas sector. This often leads to the amplification of flow rates and injection pressures because of corrosion and erosion. Fiberglass pipes are utilized in these scenarios to regulate the pressure as they are not susceptible to corrosion. Additionally, FPI leverages their experience with downhole pipes used for water, CO2, waste, and production lines to produce proficient casings for oil, gas, water, and chemical wells. For example, the International Energy Agency, an intergovernmental organization based in France, predicted in November 2023 that the worldwide oil demand will escalate by 1.5 million barrels per day in 2024, reaching roughly 102.4 million barrels per day. As such, the burgeoning exploratory activities in the oil and gas industries are championing the growth of the fiberglass pipes market.
Which Companies Are Leading in the Fiberglass Pipes Market?
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.
What Are the Major Trends Shaping the Fiberglass Pipes Market?
Strategic alliances are an emerging trend that is increasingly gaining traction in the fiberglass pipes sector. Prominent businesses in this market are focusing on these partnerships to strengthen their market standing. For example, in June 2022, American company Owens Corning joined forces with New Zealand's Pultron Composites, a company dedicated to the advancement of top-quality fiberglass rebar and pipe production systems. This collaboration has expanded Owens Corning's market potential, providing more capacity and resources to the market. Additionally, in May 2020, Energy Services Middle East, a Kuwait-based firm that provides innovative solutions to oil & gas and alternative energy companies within the gulf and East & West Africa, entered into a partnership with Subor Pipe Industry Trade (Subor Boru Sanayi Ve Ticaret A.S.) for an unrevealed amount. The collaboration is expected to result in a prosperous future for both companies. Subor Pipe Industry Trade, a Turkey-based corporation, specialises in the production of Glass fiber Reinforced Polyester (GRP) Pipes.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/fiberglass-pipes-global-market-report
What Are the Top Revenue-Generating Geographies 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fiberglass Pipes Market?
2. What is the CAGR expected in the Fiberglass Pipes Market?
3. What Are the Key Innovations Transforming the Fiberglass Pipes Industry?
4. Which Region Is Leading the Fiberglass Pipes Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Rising Exploration In Oil And Gas Sectors Fuels Growth In Fiberglass Pipes Market: An Emerging Driver Transforming The Fiberglass Pipes Market Landscape here
News-ID: 3978820 • Views: …
More Releases from The Business Research Company
Smart Pill Dispenser Market Analysis Highlights Growth To $5.54 Billion By 2030 …
The smart pill dispenser market is gaining significant momentum with promising growth prospects expected over the coming years. This expanding sector is being shaped by technological advancements and increasing demand for efficient medication management solutions, particularly as healthcare delivery continues to evolve toward remote and connected care models. Let's explore the market's projected growth, key players, emerging trends, and detailed segmentation.
Forecasted Growth and Market Value of the Smart Pill Dispenser…
Smart Orthopedic Implants Market Report 2026 Market Outlook Supported By A Forec …
The smart orthopedic implants market is set to experience substantial growth as technological advancements and demographic shifts drive demand. Innovations in sensor technology and artificial intelligence are transforming orthopedic care, offering more personalized and effective treatment options. This evolving sector is attracting significant attention from both established players and new entrants aiming to capitalize on emerging opportunities.
Projected Growth Trajectory for the Smart Orthopedic Implants Market Through 2030
The smart…
Smart Mattress Overlay (Hospital) Market Outlook Highlights Strategic Opportunit …
The smart mattress overlay (hospital) market is set to undergo significant expansion in the coming years, driven by advancements in healthcare technology and increasing demand for improved patient care solutions. This market is poised to transform hospital infrastructure and patient management by integrating intelligent systems designed for enhanced monitoring and comfort. Let's explore the market's size, key players, trends, and segmentation to understand its future trajectory.
Market Size Outlook and Growth…
Smart Infusion Pumps Market Research Reveals Strong 9.2% CAGR Outlook Through 20 …
The smart infusion pumps market is on the brink of significant expansion driven by ongoing technological advancements and growing healthcare demands. As healthcare providers seek safer and more efficient drug delivery solutions, smart infusion pumps are becoming increasingly vital. Let's explore the market size, key players, emerging trends, and major segments shaping this industry's future.
Projected Growth and Market Size of the Smart Infusion Pumps Market
The smart infusion pumps…
More Releases for Pipe
How to choose Seamless Pipe vs Welded Pipe vs Spiral Welded Pipe
Seamless pipe, welded pipe, and spiral welded pipe are the three most common types. They may appear similar in appearance, but the differences are profound in essence, with the core distinction indeed stemming from manufacturing processes.
Comparison Table
FEATURE DIMENSION
SEAMLESS STEEL PIPE
LONGITUDINALLY WELDED PIPE
SPIRAL WELDED PIPE
Manufacturing Process
Solid billet piercing and rolling, no weld seam.
Steel plate/sheet is curved and welded along a longitudinal straight seam.
Steel strip is coiled at a spiral angle, forming…
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…
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…
Stainless Steel Pipe and Industrial Stainless Steel Pipe
Stainless steel pipe is divided into two series: decorative stainless steel pipe(stainless steel pipe) and industrial stainless steel pipe.
Decorative stainless steel pipe(stainless steel pipe(SS)): usually outside the wall will be bright tube, hence the name of thinking, stainless steel pipe(SS) is used for decorative purposes. Stainless steel pipe(SS) mainly used to decorate, such as railings, staircase handrails, windows, etc., the wall thickness is very thin. As with the industrial stainless…
