The global fiberglass pipes market is expected to reach USD 6.19 billion by 2025,
according to a new report by Grand View Research, Inc. The market is expected
to witness a CAGR of 5.6% over the forecast period, owing to Increasing demand
from various end-use industries is key factor driving the growth of fiberglass
pipes 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.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/fiberglass-pipe-market
https://www.grandviewresearch.com/industry-analysis/fiberglass-pipe-market
Further key findings from the report suggest:
· GRP pipe segment is projected to experience
the fastest growth in terms of value at a CAGR of 6.2% from 2017 to 2025 on
account of its various characteristics such as excellent degree of swelling,
non-embrittlement, and water resistance. Furthermore, growing infrastructural
development activities in emerging economies are expected to augment the growth
over the forecast period.
· Oil & gas industry emerged as the
largest end-use segment in terms of revenue in 2016 and is estimated to reach
USD 2.41 billion by 2025. GRE pipes revenue in Asia Pacific region is
anticipated to experience steady growth over the forecast period, to reach USD
1.44 billion by 2025
· The U.S. fiberglass pipes market in terms
of revenue was valued USD 562.9 million in 2016 and is estimated to reach USD
816.6 million by 2025. The industry in Asia Pacific is projected to witness
substantial growth over the next eight years owing to robust growth in various
end-use industries, especially in the irrigation and oil & gas industries.
In terms of revenue, the regional market is expected to grow at a CAGR of 6.8%
from 2017 to 2025.
· Key players include National Oilwell Varco,
Inc., Graphite India Limited, Saudi Arabian AMIANTIT Company, PPG Fiberglass
Industries, HOBAS Pipes International GmbH, and Fibrex Corporation dominated
the global fiberglass pipes market
Browse
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has
segmented the global fiberglass pipes market on the basis of product, fiber,
end-use, and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
GRE Pipes
·
GRP Pipes
·
Others
Fiber Outlook (Revenue, USD Million, 2014 - 2025)
·
E-glass
·
T-Glass/ S-Glass/ R-Glass
·
Others
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Oil & Gas
·
Chemicals
·
Sewage
·
Irrigation
·
Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Russia
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
India
o
Australia
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Access
Press Release Of This Research Report by Grand View: https://www.grandviewresearch.com/press-release/global-fiberglass-pipe-market
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