logo

Fiberglass Pipes Market Size (2024 - 2029)

The fiberglass pipes market is projected to experience growth over the forecast period, driven by increasing demand in sectors such as chemical, oil and gas, agriculture, and sewage applications. Despite challenges posed by raw material price fluctuations, the market is expected to expand, particularly in emerging economies and through the adoption of fiberglass pipes in wastewater systems. The Asia-Pacific region is anticipated to lead the market, benefiting from its significant demand in various applications.

Home Market Analysis Chemicals & Materials Research Advanced Materials Research Composites Research Advanced Fiber Research Glass Fiber Research Fiberglass Pipes Market Market Size

Market Size of Fiberglass Pipes Industry

Fiberglass Pipes Market Summary
Study Period 2019-2029
Market Size (2024) USD 3.29 Billion
Market Size (2029) USD 4.07 Billion
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Fiberglass Pipes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Fiberglass Pipes Market Analysis

The Fiberglass Pipes Market size is estimated at USD 3.29 billion in 2024, and is expected to reach USD 4.07 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The COVID-19 pandemic negatively affected the market for fiberglass pipes. Due to nationwide lockdowns in several countries, strict social distancing measures resulted in the closure of chemical manufacturing plants, oil and gas refining plants, and exploration activities, thereby affecting the market for fiberglass pipes. However, the market registered a significant growth rate well after the restrictions were lifted. The market registered a growth rate due to the increasing demand for fiberglass pipes in chemical, oil and gas, agriculture, and sewage applications.

  • The increasing installation of oil and gas pipelines and rising demand for fiberglass pipes in the chemical industry are expected to drive the market for Fiberglass Pipes.
  • On the flip side, fluctuations in the prices of raw materials are expected to hinder the growth of the market.
  • The adoption of fiberglass pipes in wastewater systems and the increasing demand for fiberglass in emerging economies are expected to create opportunities for the market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period. It is due to the rising demand for fiberglass pipes in oil and gas, chemicals, agriculture, and sewage applications.

Fiberglass Pipes Industry Segmentation

Fiberglass pipes are manufactured by filament winding process or contact molding process. The fiberglass pipes are composite pipes that offer resistance against corrosive environments, hydrocarbons, and chemicals.

The fiberglass pipes market is segmented into type, end-user industry, and geography. Based on type, the market is segmented into glass fiber-reinforced plastic (GRP) pipes, glass-reinforced epoxy (GRE) pipes, and others (FRP square tube, FRP composite pipe, etc.). Based on the end-user industry, the market is segmented into oil & gas, chemicals, agriculture, sewage, and others (power generation, desalination, etc.). The report also covers the market size and forecasts for fiberglass pipes in 15 countries across major regions. Each segment's market sizing and forecasts are based on value (USD).

Type
Glass Fiber Reinforced Plastic (GRP) Pipes
Glass Reinforced Epoxy (GRE) Pipes
Others (FRP Square Tube, FRP Composite Pipe, etc.)
End-user Industry
Oil & Gas
Chemicals
Agriculture
Sewage
Others (Power generation, Desalination, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Fiberglass Pipes Market Size Summary

The fiberglass pipes market is poised for significant growth, driven by increasing demand across various sectors such as chemical processing, oil and gas, agriculture, and sewage applications. The market experienced a downturn during the COVID-19 pandemic due to disruptions in manufacturing and exploration activities. However, it rebounded strongly as restrictions eased, with the chemical industry playing a pivotal role in this recovery. The properties of fiberglass pipes, including corrosion resistance and high-temperature tolerance, make them ideal for use in the chemical industry, which is experiencing robust growth globally. The Asia-Pacific region, particularly countries like China and India, is expected to dominate the market due to its expanding chemical processing and oil and gas sectors.

Despite the promising growth prospects, the market faces challenges such as fluctuations in raw material prices, which could impede its expansion. Nonetheless, opportunities abound in the adoption of fiberglass pipes for wastewater systems and the growing demand in emerging economies. The Asia-Pacific region is anticipated to be the fastest-growing market, with China and India leading the charge due to their substantial investments in oil and gas infrastructure and chemical production. The market is characterized by partial fragmentation, with key players like Chemical Process Piping Pvt. Ltd., Graphite India Limited, and Future Pipe Industries actively expanding their production capabilities to meet the rising demand.

Explore More

Fiberglass Pipes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 The Increasing Installation of Oil and Gas Pipelines

      2. 1.1.2 Rising Demand for Fiber Glass Pipes in Chemical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Fluctuations in The Prices of Raw Materials

      2. 1.2.2 Other Drivers

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Glass Fiber Reinforced Plastic (GRP) Pipes

      2. 2.1.2 Glass Reinforced Epoxy (GRE) Pipes

      3. 2.1.3 Others (FRP Square Tube, FRP Composite Pipe, etc.)

    2. 2.2 End-user Industry

      1. 2.2.1 Oil & Gas

      2. 2.2.2 Chemicals

      3. 2.2.3 Agriculture

      4. 2.2.4 Sewage

      5. 2.2.5 Others (Power generation, Desalination, etc.)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Fiberglass Pipes Market Size FAQs

The Fiberglass Pipes Market size is expected to reach USD 3.29 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 4.07 billion by 2029.

In 2024, the Fiberglass Pipes Market size is expected to reach USD 3.29 billion.

Fiberglass Pipes Market Report Snapshots

Fiberglass Pipes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)