Fiberglass Pipes Market is anticipated to be very slow in growth. The Asia Pacific region is leading the Fiberglass Pipes Market and is expected to grow during the forecast period of 2018 – 2023.
Diamond Fiberglass, one of the preeminent fabricators of engineer-to-order FRP, fiberglass reinforced plastic vessels and pipe, declared that it is relocating its Burlington, Washington pipe production works into its Victoria, Texas production facility.
Johns Manville (JM), a building and specialty products production company ly, declared it would make a vital investment toward extending capacity at its Defiance, OH, production facility. The extension will allow Johns Manville to improve the result of its fiberglass pipe insulation products, Micro-Lok HP and Micro-Lok HP Ultra.
The Fiberglass Pipes Market is estimated to be valued at USD 6.39 Billion in 2018 and is projected to reach USD 8.83 Billion by 2023, at a CAGR of 6.05% from 2018 to 2023.
Fiberglass Pipes Market Drivers & Restraints:
The development in the fiberglass pipes market is at present, driven by their low maintenance costs when compared to the traditional pipes. The expanded production and exploration additionally uphold this in the oil and gas industry and the rising interest in the sewage and water management applications. Notwithstanding that, the quick advancement of rising economies is driving the intense enthusiasm for fiberglass pipes market.
However, the high raw material expense is a noteworthy restriction for the development of the worldwide fiberglass pipes market — besides, limitation on the utilization of fiberglass pipe for transporting hydrocarbons. Approval necessity from administrative authorities is further restraining market development.
By geography, the Fiberglass Pipes Market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Asia-Pacific is as of now the most significant market and is anticipated to remain so for fiberglass pipes because of the nonstop increment in infrastructure ventures, particularly in India and China the expanded focus on building urban structures, wastewater, chemical, and industrial applications are successfully adding to this development. Enterprises are moving to these zones as a result of diminished labor cost and intense interest for products. This pattern is likewise expected to be seen around the rest of the world as the increasing demand for water and wastewater applications because of developing urban populace. North America and Europe are relied upon to keep up their situation in the market because of the expanding shale gas activities and oil and gas exploration. This is required to be a key driving variable for the development of worldwide fiberglass pipes market.
Key Market Players:
The key market players include Future Pipe Industries (UAE), Sarplast SA (Switzerland), Balaji Fiber Reinforced Plastics Ltd. (India), Graphite India Limited (India), Chemical Process Piping Pvt. Ltd. (India), Hobas (Austria), Hengrun Group Co., Ltd. (China), Saudi Arabian Amiantit Co. (Saudi Arabia), Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China), ZCL Composites Inc. (Canada), National Oilwell Varco (U.S.), Enduro Composites Inc. (U.S.), and Abu Dhabi Pipe Factory (UAE).
Fibrex Fiberglass Pipe is one of the biggest producers of Fiberglass Pipe equipment for the chlor-alkali industry. Fibrex Fiberglass Pipe concentrates in the large-bore recycle pipe, small-bore chemical pipe, and absorber spray header systems that make the company more productive by not frequently switching to different product types like tanks. Fibrex Fiberglass Pipe operates with a diversity of customers to render corrosion resistant FRP piping solutions for industry.
Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.2 Oil & Gas
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
5.3.4 Y-o-Y Growth Analysis, By Fiber
5.3.5 Market Attractiveness Analysis, By Fiber
5.3.6 Market Share Analysis, By Fiber
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Application
220.127.116.11 By Fiber
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
188.8.131.52 By Fiber
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Application
22.214.171.124 By Fiber
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Future Pipe Industries
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sarplast SA
8.3 Balaji Fiber Reinforced Plastics Ltd.
8.4 Graphite India Limited
8.5 Chemical Process Piping Pvt. Ltd.
8.7 Hengrun Group Co., Ltd.
8.8 Saudi Arabian Amiantit Co.
8.9 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
8.10 ZCL Composites Inc.
8.11 National Oilwell Varco
8.12 Enduro Composites Inc.
8.13 Abu Dhabi Pipe Factory
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures