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Fiberglass Pipes Market Landscape 2025: Forecast Data and Growth Strategy Insights
Fiberglass Pipes
What Is the Expected CAGR for the Fiberglass Pipes Market Through 2025?
The market size for fiberglass pipes has seen significant growth in the past few years. Its valuation is predicted to rise from $5.29 billion in 2024 to $5.63 billion in 2025, marking a compound annual growth rate (CAGR) of 6.5%. The impressive growth noted during historical periods is primarily due to the escalating demands in the oil and gas industry, increased appreciation for its corrosion resistance, lightweight nature, superior strength, durability, chemical resistance, and low thermal conductivity.
What's the Projected Size of the Global Fiberglass Pipes Market by 2029?
In the coming years, a robust expansion is anticipated in the fiberglass pipes market, with its value projected to reach $7.49 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 7.4%. Factors contributing to this upswing in the predicted timeframe include investments in water infrastructure, an increase in desalination projects, a focus on sustainable construction, the rise of smart cities, and the adoption in emerging markets. Key trends to look out for during this period encompass technological innovations, progress in resin technology, customization and niche applications, the acceptance of filament winding technology, and considerations for sustainability and the environment.
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Top Growth Drivers in the Fiberglass Pipes Industry: What's Accelerating the Market?
The rise in exploration activities within the oil and gas sectors is expected to spur the expansion of the fiberglass pipes market in the future. Exploration activities in these sectors pertain to the procedures and techniques used to identify possible sites for oil and gas drilling and extraction. Oil companies in the oil and gas sector heavily depend on water injection to maintain production levels. This usually results in an escalation of flow rates and injection pressures due to factors like corrosion and erosion. In these scenarios, fiberglass pipes are commonly employed to counteract the increased pressures as they are invulnerable to corrosion. Furthermore, FPI boasts experience with downhole pipes used for water, CO2, waste injection, and production lines along with being good casings for oil, gas, water, and chemical wells. For example, in November 2023, the International Energy Agency, a France-based intergovernmental organisation predicted that the global oil demand will escalate by 1.5 million barrels per day in 2024, culminating at around 102.4 million barrels per day. Hence, the surge in exploration activities in the oil and gas sectors is fuelling the growth of the fiberglass pipes market.
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What Trends Will Shape the Fiberglass Pipes Market Through 2029 and Beyond?
A significant trend emerging in the fiberglass pipes market is the formation of strategic alliances. Prominent businesses in this market are prioritizing such collaborations to maintain their standing in the industry. For example, in June 2022, Owens Corning, an American company with a focus on its Composites division for providing high-value material solutions, formed a partnership with Pultron Composites, a company from New Zealand specializing in designing top-notch fiberglass rebar and pipes production systems. This alliance expands Owens Corning's market opportunities as it augments capacity and services availability in the market. Additionally, in May 2020, Energy Services Middle East, a Kuwaiti business offering innovative technology solutions to oil & gas and alternative energy corporations across the gulf and East & West Africa, partnered with Subor Pipe Industry Trade (Subor Boru Sanayi Ve Ticaret A.S.) for an undisclosed sum. Through this alliance, Energy Services looks forward to a prosperous future for both entities. Subor Pipe Industry Trade, based in Turkey, is a manufacturer of Glass fiber Reinforced Polyester (GRP) Pipes.
What Are the Main Segments in the Fiberglass Pipes Market?
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
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Which Top Companies are Driving Growth 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.
Which Regions Will Dominate the Fiberglass Pipes Market Through 2029?
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
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