Global Fiberglass Pipes Market Size to worth USD 6.9 Billion by 2033: Market Study Report

Global Fiberglass Pipes Market Size to worth USD 6.9 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Fiberglass Pipes Market Size is Expected to Grow from USD 4.49 Billion in 2023 to USD 6.9 Billion by 2033, at a CAGR of 4.39% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Fiberglass Pipes Market Size, Share, and COVID-19 Impact Analysis, By Product (GRE Pipes and GRP Pipes), By Fiber (E-Glass and T-Glass), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.          

Fiberglass pipes are made from a combination of glass fibers and resin, providing high strength, corrosion resistance, and durability. They are used in many industries such as oil and gas, water and wastewater management, chemical processing, and infrastructure development. These pipes are particularly valued because they can resist harsh environments, thereby reducing the need for maintenance and the lifespan of pipelines. Furthermore, the growing demand for corrosion-resistant materials is another driving factor for the market for fiberglass pipes, especially in the oil and gas industry where it is a must. More demand for sustainable infrastructure and solutions for water management also creates growth in the market. Advances in manufacturing technologies also bring the push for lightweight, more cost-effective alternatives to traditional piping materials, so people are adopting fiberglass pipes in their constructions. However, the cost of piping with fiberglass is higher than with traditional materials at the start of the project, which may discourage its use, especially in price-sensitive markets. Another challenge is in handling, transporting, and installing fiberglass pipes, and there are concerns about its recyclability, which will also be restraint-oriented in some regions.

The GRP pipes segment is predicted to hold the greatest market share through the forecast period.

Based on the product, the fiberglass pipes market is classified into GRE pipes and GRP pipes. Among these, the GRP pipes segment is predicted to hold the greatest market share through the forecast period. This is attributed to the GRP pipes are widely used throughout the water and wastewater market, chemical processing, infrastructure projects, and so many more. GRP piping has several advantages such as high corrosion resistance, low weight, and ease of installation, which makes this piping system preferred for services where durability and long service life are critical.

The E-glass segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the fiber, the fiberglass pipes market is divided into E-glass and T-glass. Among these, the E-glass segment is anticipated to hold the greatest market share during the projected timeframe. This is attributed to the E-glass fibers being widely used in the manufacturing of fiberglass pipes, as they provide an excellent balance between strength, durability, and cost-effectiveness. E-glass possesses excellent electrical insulation properties, and is resistant to corrosion, making it a highly preferred choice in many different types of industries, including water and wastewater management, oil and gas, and chemical processing.

North America is estimated to hold the largest share of the fiberglass pipes market over the forecast period.

North America is estimated to hold the largest share of the fiberglass pipes market over the forecast period. These demands will grow due to North America's established infrastructure for oil and gas, water and wastewater management, and chemical processes fiberglass is gaining high interest due to its resistance to corrosion, durability, and relative cost-effectiveness. Current demand for renewable projects, specifically ocean-side wind farms, and their resiliency necessitate fiberglass pipes across North America.

Asia-Pacific is predicted to have the fastest CAGR growth in the fiberglass pipes market over the forecast period. This rapid growth is primarily propelled by the region's accelerating industrialization, expanding infrastructure, and increasing demand for durable corrosion-resistant piping solutions in such industries as oil and gas, water and wastewater management, and chemical processing.

Competitive Analysis

Major key players in the fiberglass pipes market are 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, and Others.    

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In March 2023, NOV received an order from Cadeler to manufacture and supply Bondstrand glass-reinforced epoxy (GRE) piping systems for the installation of wind turbines. It will manufacture almost 1300m of Bondstand 2000M and 2440 series piping systems with diameters in the range of 2 inches to 36 inches. The pipes are typically used for water generators, cooling water, and ballast, among others.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the fiberglass pipes market based on the below-mentioned segments:

Global Fiberglass Pipes Market, By Product

• GRE Pipes
• GRP Pipes

Global Fiberglass Pipes Market, By Fiber

• E-Glass
• T-Glass

Global Fiberglass Pipes Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa