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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:
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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.
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