Exactitude Consultancy Press Release: global fiberglass pipes market

The fiberglass pipes are corrosion resistant that provides them long lifespan and high tensile strength.

Fiberglass pipes are made of a variety of materials, including glass fibre, polyester resin, and fillers. Because of its resistance to corrosion, durability, and high tensile strength, fibreglass pipes are advantageous. Fiberglass Pipes have better qualities since they are constructed of two or more separate parts. Because of its low electrical modulus and reliable performance under challenging circumstances.

The need for lightweight fibreglass pipes in numerous end-user industries has expanded as a result of the world’s growing industrialization. The need for fibreglass pipes in the oil and gas industry has increased dramatically due to both the requirement for fuel distribution and expanding oil and gas production. Due to its transparent nature, high transport flow, high temperature resistance, corrosion resistance, and ease of installation, fibreglass pipes are extensively utilised in the chemical sector. A rise in chemical consumption, particularly in the industrial sector, might spur the expansion of the chemical industry and, in turn, raise demand for fibreglass pipes. Nonetheless, escalating raw material prices could restrain industry expansion.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Fiberglass Pipes Market by Product Type (Glass Fiber Reinforced Plastic (GRP) Pipes, Glass Reinforced Epoxy (GRE) Pipes), by Fiber Type (E-Glass, T-Glass/S-Glass/R-Glass), by Application (Oil & Gas, Chemicals, Sewage, Irrigation) and Region, Global trends and forecast from 2023 to 2029.’’ with Table of Contents

The demand for fiberglass pipes is increasing worldwide due to increase in demand for lightweight, corrosion resistant and long-lasting pipes.

Rising demand for lightweight, corrosion-resistant, and long-lasting pipe lines in several countries, owing to the associated high project costs for heavy pipe and material installation. This factor will likely fuel the fiberglass pipe market in the coming years. Due to the ring cost of metal pipes and tubes, rapid industrialization across countries is fuelling demand for cost effective and durable pipelines. During the forecast period, this is expected to boost the fiberglass pipe market.

The majority of EPC (Engineering, Procurement, and Construction) firms are working to reduce the overall cost of the project. When compared to heavy items, lightweight components help to reduce the overall cost of transportation and installation. At the job site, lightweight pipes are highly preferred. Because of this, demand for fiberglass pipe is expected to surge during the forecast period.

The growing population has increased the demand for fuel, oil, and gas to meet daily needs. This has resulted in an increase in the construction and implementation of pipelines to transport these materials. This is a major factor that will drive the demand for fiberglass pipe in the coming years.

Price fluctuations of raw materials can hamper the growth of fiberglass pipes market.

Raw material price fluctuations would be a significant impediment to the growth rate of the fiberglass pipes industry. The vulnerability to mechanical damage and the lack of pipe jointing system standards would limit the market’s potential. The demand-supply imbalance will slow the growth rate of the fiberglass pipes industry even more. The government’s stringent licencing requirements and the use of fiberglass pipes for hydrocarbon transport would further slow the growth rate of the Fiberglass Pipes Market.

The cost of producing fiberglass pipes is high due to the extremely high cost of its raw materials. Resins, fiberglass, catalysts, and accelerators are all important raw materials used in the manufacture of GRP pipes. The industries that manufacture these fiberglass pipes raise their prices every year. This aspect will pose a challenge to the industry and influence the price trend of fiberglass pipes.

Increased demand for crude oil and natural gas to create lucrative market opportunities for the market players.

The oil and gas industry provides the most opportunities in the Fiberglass pipe market. The global resurgence of oil exploration, followed by increased demand for crude oil, LPG, and natural gas, is expected to boost demand for fiberglass pipe in the coming years. They are ideal for pipelines in the oil industry due to their chemical resistance. Second, because of their low cost, oil refineries frequently use them.

Pipelines are frequently used in a variety of end-user industries, including oil and gas, water distribution and treatment, chemical and petrochemical, and so on. Demand for fiberglass pipe in the oil and gas industry is expected to be high during the forecast period. The global resurgence of oil exploration, followed by increased demand for crude oil, LPG, and natural gas, is expected to boost demand for fiberglass pipe in the forecasted period.

COVID-19 pandemic had a significant impact on the Fiberglass pipes market due to supply chain disruptions and low end-user demand affecting profitability.

The global market for fiberglass pipes has been harmed by the COVID-19 pandemic outbreak. Various governments’ nationwide lockdowns had a significant negative impact on the manufacturing sector. As a result, demand for fiberglass pipes decreased across various industries, limiting the growth of the fiberglass pipes market. Following the COVID-19 pandemic, the Asia-Pacific region’s fiberglass pipe market is expected to expand due to rapid infrastructure development in emerging economies.

Fiberglass Pipes Market Players

The Fiberglass Pipes Market key players include PPG Industries, Inc., Future Pipe Industries., Chemical Process Piping Pvt.Ltd., Saudi Arabian Amiantit Co., Russel Metals Inc., Amiblu Holding GmbH, ANDRONACO INDUSTRIES., Gruppo Sarplast, FIBREX., FCX Performance., Hengrun Group Co., Ltd, Graphite India Limited, Balaji Fiber Reinforce Pvt. Ltd., Zhongfu Lianzhong Group, Shawcor Ltd.

Key Market Segments: Fiberglass Pipes Market

Fiberglass Pipes Market By Product Type, 2020-2029, (Usd Billion, Kilotons)

• Glass Fiber Reinforced Plastic (Grp) Pipes
• Glass Reinforced Epoxy (Gre) Pipes

Fiberglass Pipes Market By Fiber Type, 2020-2029, (Usd Billion, Kilotons)

• E-Glass
• T-Glass/S-Glass/R-Glass

Fiberglass Pipes Market By Application, 2020-2029, (Usd Billion, Kilotons)

• Oil & Gas
• Chemicals
• Sewage
• Irrigation

Fiberglass Pipes Market By Region, 2020-2029, (Usd Billion, Kilotons)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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