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Pulished Date February, 2020
ID: 8409
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Fiberglass Pipes Market by Type (GRP, GRE), Fiber (E-Glass, T-glass), Application (Oil & Gas, Chemicals, Sewage, Irrigation), and Region - Global Forecast from 2018 to 2023

Pulished: February, 2020
ID: 8409
Pages: 170

Fiberglass Pipes Market Value & Growth:

The global fiberglass pipes market was valued at $ 3.26 billion in 2019 and is predicted to reach $ 4.32 billion in 2025, with a CAGR of 5.72% from 2020 to 2025.

Fiberglass pipes have become a significant part in uses with high features, low maintenance and long product life. In which, the filament winding is the easy automation process and the most suitable for the manufacture of pipes, containers and tubes. Fiberglass pipes can be developed from composition of materials like fiberglass, polyester resin and fillers. They provide strength, long durability, and excellent tensile strength. This property is necessary for onshore and offshore applications against extreme pressures and conditions. Fiberglass pipes are suitable for the transport of highly corrosive materials, acids and biological fluids. It offers low installation costs, corrosion resistance, and light weight benefits are predicted to see significant expansion in the coming years.

Fiberglass Pipes Market Trends:

The escalating adoption of fiberglass pipe in various end-application industries, such as oil and gas and irrigation, is a key factor that is predicted to drive the expansion of the worldwide industry. Also, the escalating call from the chemical and fiberglass industries for wastewater is another factor that is predicted to drive worldwide industry expansion in the coming years.

Recent Developments in the Fiberglass Pipes Market

  • Hobas launches a new generation of GRP pipes. With a completely new product line, featuring a particularly durable inner protective layer, HOBAS now offers a first-class solution for calling products that require a product out of the ordinary.
  • Future Pipe Industries Group acquires Specialty Plastics, Inc. Future Pipe Industries Group (FPIG), as part of the implementation of its worldwide expansion strategy, has acquired 100% of the fiberglass reinforced pipe business.

Fiberglass Pipes Market Drivers

The expansion of the fiberglass pipe industry is currently driven by its low maintenance costs compared to traditional tubes. Escalating call for lightweight, corrosion resistant and durable pipes in several countries due to the high associated project cost for the installation of pipes for pipes and heavy materials. This factor is predicted to fuel the global fiberglass pipe industry for years to come. Rapid industrialization in all countries is driving the call for profitable and sustainable pipes due to the rising cost of metal pipes and tubes. This is predicted to boost the fiberglass pipe market during the foreseen period. The increase in population has escalated the call for fuel, oil and gas to meet daily needs. This in turn has escalated in the construction and implementation of pipelines to transport these materials. This is an important factor that is predicted to drive the call for fiberglass pipes in the coming years. Polyurethane is predicted to show a significant expansion rate for the fiberglass pipe market demand in the coming years due to its excellent performance under high pressure conditions. This factor is likely to drive call for fiberglass pipe during the foreseen period. The expansion of the fiberglass pipe market size is majorly promoted by its low maintenance costs. This is reinforced by the increase in exploration and production activities in the oil and gas industry and the escalating call for wastewater and water management applications. In addition to this, the rapid development of emerging economies is driving strong call in the fiberglass business.

Restraints:

Fluctuations in carbon fiber raw material prices are predicted to hamper the worldwide fiberglass pipe industry during the estimated period. Carbon fiber is a highly preferred material for the manufacture of automobile components and aircraft components.

Opportunities:

Filament winding is widely adopted in the large-scale fiberglass pipe and tube manufacturing process due to the advantages of high efficiency and low cost. The main advantages of filament winding are highly preferred over the other process that is likely to drive the industry for fiberglass pipes during the foreseen period. Due to escalating call from the aviation and automotive industry, fiberglass raw material suppliers are facing strong pressure from other end-use industries, where pipes are primarily employed. The increase in call and the supply gap has resulted in a significant increase in the commercial prices of carbon fiber materials around the world.

Challenges:

Fluctuation in raw material prices followed by a gap between supply and call is the main factor predicted to hamper overall call for fiberglass pipes. High-cost raw materials are a major factor that is predicted to slow the expansion of the target industry. Another factor that is likely to challenge worldwide industry expansion to some degree is the escalating call for low-cost technologies.

Fiberglass Pipes Market Segmentation:

By type:

  • GRP
  • GRE
  • Others

The GRE pipe segment represents the main industry share due to its high strength, high corrosion resistance and ease of installation.

By fiber:

  • E-Glass
  • T-Glass
  • Others

By application:

  • Oil & Gas
  • Chemicals
  • Sewage
  • Irrigation
  • Others

Chemical application is the fastest-growing segment in the global fiberglass pipe industry. Fiberglass pipes offer several characteristics, including lightness, dimensional stability, corrosion resistance, and ease of installation compared to traditional materials such as concrete and metal pipes, so the use of fiberglass pipes in Chemical, oil and gas and wastewater applications are growing at a high rate.

Fiberglass Pipes Regional Analysis:

The Fiberglass Pipes Report includes the segmentation of Regions with their respective Countries.

  • North America 

  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

Asia-Pacific has the largest share of the fiberglass pipe industry due to the presence of a large chemical industry and public spending on water and waste management in countries such as China, India and Indonesia. The right-of-way region is predicted to be the fastest growing regional industry for fiberglass pipe over the next five years. The main factors driving its expansion are the escalating call from the oil and gas and chemical industries. The Asia Pacific fiberglass pipe market is predicted to be a major contributor to revenue share in the worldwide fiberglass pipe industry, due to the presence of the chemical industry and high government spending in water and waste management in countries such as India, Indonesia and China. The Asia-Pacific industry is predicted to experience the highest revenue expansion, owing to escalating call from the oil and gas and chemical industries and the augmenting development of various end-user industrial sectors in the countries of this region.

The industry in Latin America and the Middle East and Africa is predicted to grow at a rapid pace during the outlook period due to the significant extraction of crude oil and its distribution throughout the world. North America and Europe are predicted to maintain their industry position due to escalated shale gas activity and oil and gas exploration. This is predicted to be a key factor in the expansion of the global fiberglass pipe industry.
Competitive Landscape:

Players have adopted various organic and inorganic expansion strategies such as deals, new product launches, acquisitions and expansions to enhance their shares in the worldwide fiberglass pipe industry. A large number of fiberglass pipe manufacturing companies operate in the local and worldwide industry.
Fiberglass Pipes Market Key Players:

Firm like 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 are the dominating players in the worldwide fiberglass pipes industry.

 

1. Introduction                                

               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                                          

               2.1 Introduction                             

               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. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

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 Type                            

                              5.1.1 Introduction           

                              5.1.2 GRP           

                              5.1.3 GRE           

                              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 Application                 

                              5.2.1 Introduction           

                              5.2.2 Oil & Gas  

                              5.2.3 Chemicals

                              5.2.4 Sewage    

                              5.2.5 Irrigation  

                              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 Fiber                            

                              5.3.1 Introduction           

                              5.3.2 E-Glass     

                              5.3.3 T-Glass     

                              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 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Type

                                             6.1.3.3 By Application

                                             6.1.3.4 By Fiber

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Type

                                             6.1.4.3 By Application

                                             6.1.4.4 By Fiber

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Type

                                             6.1.5.3 By Application

                                             6.1.5.4 By Fiber

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               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                          

                              8.1.1 Overview 

                              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.                     

               8.6 Hobas                          

               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                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type , by application, by region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Fiberglass Pipes Market  By Region, From 2020-2025 ( USD Billion )
  2. Global Fiberglass Pipes Market  By Type, From 2020-2025 ( USD Billion )
  3. Global GRP Market By Region, From 2020-2025 ( USD Billion )
  4. Global GRE Market By Region, From 2020-2025 ( USD Billion )
  5. Global  Market By Region, From 2020-2025 ( USD Billion )
  6. Global  Market By Region, From 2020-2025 ( USD Billion )
  7. Global  Market By Region, From 2020-2025 ( USD Billion )
  8. Global  Market By Region, From 2020-2025 ( USD Billion )
  9. Global  Market By Region, From 2020-2025 ( USD Billion )
  10. Global  Market By Region, From 2020-2025 ( USD Billion )
  11. Global Fiberglass Pipes Market  By Application , From 2020-2025 ( USD Billion )
  12. Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )
  13. Global Chemicals Market By Region, From 2020-2025 ( USD Billion )
  14. Global Sewage Market By Region, From 2020-2025 ( USD Billion )
  15. Global Irrigation Market By Region, From 2020-2025 ( USD Billion )
  16. Global  Market By Region, From 2020-2025 ( USD Billion )
  17. Global  Market By Region, From 2020-2025 ( USD Billion )
  18. Global  Market By Region, From 2020-2025 ( USD Billion )
  19. Global Fiberglass Pipes Market  By Fiber , From 2020-2025 ( USD Billion )
  20. Global E-Glass Market By Region, From 2020-2025 ( USD Billion )
  21. Global T-Glass Market By Region, From 2020-2025 ( USD Billion )
  22. Global  Market By Region, From 2020-2025 ( USD Billion )
  23. Global  Market By Region, From 2020-2025 ( USD Billion )
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  26. Global Fiberglass Pipes Market  By , From 2020-2025 ( USD Billion )
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  35. Global Fiberglass Pipes Market  By , From 2020-2025 ( USD Billion )
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  40. Global Fiberglass Pipes Market  By , From 2020-2025 ( USD Billion )
  41. Global  Market By Region, From 2020-2025 ( USD Billion )
  42. Global  Market By Region, From 2020-2025 ( USD Billion )

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