Fiberglass Pipes Market To Reach $6.17 Billion By 2030

Fiberglass Pipes Market Growth & Trends

The global fiberglass pipes market size is expected to reach USD 6.17 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. owing to Increasing demand from various end-use industries is key factor driving the growth of market. In addition, robust growth in shipping industry in Asia Pacific is further fueling the demand over the forecast period.

Fiberglass pipes are composite materials which have combined properties of two or more materials such as glass fibers and resins, that are used in various end-use industries such as chemicals and irrigation. Fiberglass pipes market is mainly driven by the demand from the oil & gas, chemicals and irrigation, as they are exposed to various intricate environment during transportation of natural gas and in water supply.

In terms of revenue, GRE pipe, an epoxy resin reinforced composite pipe, accounted as the largest product type in 2016 and is anticipated to continue its trends with a growth rate of 5.3% over the forecast period. Increasing need for pipes that are low in weight and possess superior properties are the key factors anticipated to propel the market growth.

The demand for fiberglass pipes is expected to surge owing to the development of new ports in the Asia Pacific region. Different types of resins, glass fibers are used in the manufacturing process for various applications in end use to provide various properties like resistance to abrasion, fire retardant, corrosion resistance, and light weight. Various types of pipes such as GRE, GRP, GRVE pipes are available to cater to the various requirement of the application industry.

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Fiberglass Pipes Market Report Highlights

• The GRE pipes segment dominated in 2023 with a share of 51.4%. The rising demand for GRE pipes in the chemical industry drives the segment's growth.

• The E-glass segment dominated in 2023 with a revenue share of 55.9%. Growth in the electrical and electronic sectors and the rising adoption of E-glass in manufacturing various components have led to market growth.

• The oil and gas segment dominated in 2023 with a share of 40.6% due to an increase in oil and gas production projects and an increased adoption of fiberglass pipes.

• Asia Pacific fiberglass pipes market dominated with a market share of 43.4% in 2023. The market is growing due to the region's rapid industrial growth and urbanization.

Fiberglass Pipes Market Segmentation

Grand View Research has segmented the global fiberglass pipes market on the basis of on product, fiber, end-use, and region:

Fiberglass Pipes Product Outlook (Revenue, USD Million, 2018 - 2030)

• GRE Pipes

• GRP Pipes

• Others

Fiberglass Pipes Fiber Outlook (Revenue, USD Million, 2018 - 2030)

• E-glass

• T-Glass/ S-Glass/ R-Glass

• Others

Fiberglass Pipes End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Oil & Gas

• Chemicals

• Sewage

• Irrigation

• Others 

Fiberglass Pipes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

List of Key Players in the Fiberglass Pipes Market

• PPG Industries, Inc.

• Future Pipe Industries.

• Chemical Process Piping Pvt. Ltd

• Saudi Arabian Amiantit Co.

• NOV

• Russel Metals Inc.

• Amiblu Holding GmbH

• ANDRONACO INDUSTRIES

• Enduro

• Gruppo Sarplast