The global fiberglass pipes market is projected to reach USD 4.11 Billion by 2021, at a CAGR of 5.22% from 2016 to 2021. Superior mechanical properties leading to a long product life with low maintenance costs and the increasing demand for fiberglass pipes in sewage and water management applications are the key factors responsible for the growth of the fiberglass pipes market.
Seattle, WA -- (SBWIRE) -- 05/02/2017 -- The report "Fiberglass Pipes Market by Type (GRP, GRE), Fiber (E-Glass, T-glass), Application (Oil & Gas, Chemicals, Sewage, Irrigation), and Region - Global Forecast to 2021", In terms of value, the fiberglass pipes market was valued at USD 3.04 Billion in 2015, and is projected to reach USD 4.11 Billion by 2021, at a CAGR of 5.22% from 2016 to 2021.
Browse 110 market data tables and 44 figures spread through 139 pages and in-depth TOC on "Fiberglass Pipes Market - Global Forecast to 2021"
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The Fiberglass pipes market is driven by the increased production and exploration of oil & gas and the increasing demand for fiberglass pipes in sewage & water management applications. In addition, the high demand for fiberglass pipes in emerging economies is an opportunity in the fiberglass pipes market.
GRE pipes comprise a major share of the fiberglass pipes market in terms of value
GRE pipes is the leading type segment of fiberglass pipes used for various applications, such as chemicals, oil & gas, sewage, and so on. The GRE pipes constituted the largest market share in the global fiberglass pipes market in 2015. Various properties and advantages associated with GRE pipes in applications including chemicals and oil & gas are driving its market.
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Sewage is the largest application market for fiberglass pipes
Fiberglass pipes are majorly used in water and sewage management. Fiberglass pipes are corrosion resistant, cost-effective, light in weight, and durable. Fiberglass pipes offer less frictional losses as the C-value for the design does not deteriorate over time. Thus, fiberglass pipes provide good hydraulic efficiency and are suitable for ground and underground sewage applications. In sewage pipes application, fiberglass pipes are utilized in water treatment plants, metallurgy sewage facilities, wastewater treatment plants, industrial effluents treatment plants, and other such establishments. Improving the sanitary conditions and industrial sewage management has been the major thrust of governments and private bodies in many Asia-Pacific countries.
Asia-Pacific accounts for the major share of the fiberglass pipes market
Asia-Pacific accounts for the largest share of fiberglass pipes market, globally, due to the high demand for these pipes as they offer low maintenance and long product span in comparison to conventional materials such concrete and metallic pipes. The increasing demand is observed in applications such as sewage, chemicals, and others. The RoW region is expected to be the fastest-growing market for fiberglass pipes from 2016 to 2021.
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Some of the key leading global players in the fiberglass pipes market are Future Pipe Industries (UAE), Balaji Fiber Reinforced Plastics Ltd. (India), Chemical Process Piping Pvt. Ltd. (India), Graphite India Limited (India), Hobas (Austria), Saudi Arabian Amiantit Co. (Saudi Arabia), National Oilwell Varco (U.S.), ZCL Composites Inc. (Canada), Abu Dhabi Pipe Factory (UAE), Enduro Composites Inc. (U.S.), and others. These players have adopted various organic and inorganic developmental strategies during the past five years.
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GFRP Composites Market by Resin Type (Polyester, Vinyl Ester, Polyurethane), Process (Manual Process, Compression Molding, Continuous Process, Injection Molding), Application (Wind Energy, Transportation, Marine, Pipe & Tanks) - Global Forecast to 2026
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