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Global Fibreglass Pipes Market to Grow at a CAGR of 5.30% During 2022-2027, Driven by a Wide Range of Applications

According to a new report by EMR titled, ‘Global Fibreglass Pipes Market Report and Forecast 2022-2027’, the market attained a value of around USD 5.4 billion in 2021. The industry is further expected to grow at a CAGR of 5.30% in the forecast period of 2022-2027 to reach a value of about USD 7.4 billion by 2027.

The Asia Pacific region is expected to hold a significant share in the overall market growth of fibreglass pipes in the coming years. This can be associated with the rise in construction projects in the region on account of rapid industrialisation, urbanisation, and developmental projects. This has augmented the demand for lightweight and durable pipes for sewage, irrigation, and oil and gas applications, thereby propelling the market growth. In addition to this, the market growth can also be attributed to the presence of huge manufacturing sector in the region. Furthermore, the rising demand for fibreglass pipes for irrigation activities is another factor stimulating the market growth in the region as countries like China and India are agrarian countries. Hence these are some of the factors accelerating the growth of the market in the region.

NOV Inc. (NYSE: NOV), a leading company in the global market for fibreglass pipes, offers reliable, corrosion resistant pipes for underground fuel handling applications. The pipes are manufactured using the industry’s only automated processes to ensure smooth and consistent laminate. In addition to this, the UL listed fibreglass pipes use the proven RedThread™ technology to provide greater longevity and corrosion resistance versus metallic materials. Thus, the fibreglass pipes provided by NOV Inc., protects the environment while safely storing and transferring petroleum products, thus propelling the market growth.

Market Analysis by Product, Fibre, End Use, and Region:

  • On the basis of product, the market can be divided into GRE pipe, and GRP pipe, among others.
  • The market, based on fibre, can be classified into E-glass, and T-glass / S-glass / R-glass, among others.
  • Based on end use, the market can be segmented into oil and gas, chemicals, sewage, and irrigation, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the favourable properties of fiberglass pipes, such as high tensile strength, excellent durability, and resistivity to corrosion, which is boosting the demand for the product in various end use segments.
  • The lightweight composition of fibreglass pipes leads to a reduction in transportation and installation costs along with low maintenance costs, thereby propelling the market growth.
  • The growing popularity of fibreglass pipes in sewage, irrigation, and oil and gas applications owing to their smooth surface, which enables a free flow of water, is augmenting the market growth.
  • With the growing number of residential and commercial projects, the demand for fibreglass pipes for sewage applications is stimulating the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global fibreglass pipes industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for products, fibres end uses, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global fibreglass pipes market are Hobas Technology (Amiblu Holding GmbH), Russel Metals Inc., Fibrex Construction Group, Gruppo Sarplast, NOV Inc., and Saudi Arabian Amiantit Co, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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