Fiberglass Pipes Market Size

Global Fiberglass Pipes Market Overview

The fiberglass pipes market size was valued at USD 5.36 Billion in 2023. The fiberglass pipes industry is projected to grow from USD 5.64 Billion in 2024 to USD 8.06 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.56% during the forecast period (2024 - 2032). Rising construction activities around the globe, increased demand for oil and gas owing to the ever-rising population, increasing demand for lightweight & durable fiberglass materials and increasing personal disposable income are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fiberglass Pipes Market Trends

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  Technological advancement in pipes is driving the market growth

  
  

Market CAGR for fiberglass pipes is driven by the continuous advances in production technology that positively impact the market. Technological advancements produce dual helical four-axis fiberglass pipes, which are of better quality and can be manufactured in less time. Thus, the advantages of fiberglass pipes over other materials coupled with the continuous advances in production technology will drive the fiberglass pipes market growth.

Additionally, the integration of computer-aided designing technology and the introduction of recent production processes, including four-axis helical winding methods and dual helical filament binding, are assisting the market growth. These advancements assist in decreasing production time and enhancing specifications with higher accuracy. The huge product adoption in metallurgy sewage facilities, industrial effluent treatment plants, wastewater treatment plants, and other such establishments to enhance sanitary conditions and industrial sewage management is another growth-inducing factor.

Due to the rising cost of metal pipes and tubes, rapid industrialization in all nations pushes the demand for lucrative and sustainable pipes. The demand for fuel, oil, and gas to meet daily needs has increased as the population has grown. As a result, the construction and installation of pipelines to transport these materials have increased. Further, because of its exceptional performance under high-pressure circumstances, a large increase in demand for fiberglass pipes is expected over the forecast period. Low maintenance costs are a crucial factor in the growth of the fiberglass pipe market. The oil and gas industry's increased exploration and production activities and the growing demand for wastewater and water management solutions boost the market demand for fiberglass pipes market revenue.

Most of the EPC (Engineering, Procurement, and construction) companies are trying to reduce the project's overall cost as lightweight components help reduce the overall cost of transportation and installation compared to heavy items. Lightweight pipes are highly preferred at the project site. Owing to this factor, demand for fiberglass pipes is expected to propel during the forecast period. The increase in population has augmented the demand for fuel, oil, and gas to meet daily needs. This has increased the construction and implementation of pipelines to carry these materials. This is a major factor that is expected to drive the demand for fiberglass pipes in the next few years.

Fiberglass Pipes Market Segment Insights

Fiberglass Pipes Fiber Types Insights

The fiberglass pipes market segmentation, based on fiber types, includes e-glass, t-glass, s-glass, r-glass, and others. The e-glass segment dominated the market, accounting for 35% of market revenue (1.87 Billion). In developing economies, category growth is driven as e-glass fiber is used as reinforcement in numerous composites. The product expands the resin's performance as a strengthening agent. However, s-glass is the fastest-growing category as s-glass fiber is utilized in applications such as drainage in construction and marine cooling.

Fiberglass Pipes Applications Insights

The fiberglass pipes market segmentation, based on application, includes oil & gas, chemicals, sewage, irrigation, and others. The oil & gas category generated the most income (70.4%) as these pipes offer different features, including dimensional stability, lightweight, ease of installation, and corrosion resistance. However, chemicals are the fastest-growing category due to the energy & infrastructure reforms initiated to upgrade their aging infrastructure and meet their energy needs owing to rapid growth development in various regions.

Fiberglass Pipes Type Insights

The fiberglass pipes market segmentation, based on type, includes GRE pipes, GRP pipes, and other pipes. The GRP pipes category generated the most income due to advantages such as durability in extreme conditions and lower maintenance costs; market demand has increased. GRP pipes also provide excellent mechanical strength at a reasonable price, making them a preferred alternative for sewage water transportation. However, GRE pipes are the fastest-growing category due to the high demand for reliability and mechanical strength, such as in marine applications and chemicals in the oil and gas industry.

Figure 1: Fiberglass Pipes Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fiberglass Pipes Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American fiberglass pipes market will dominate, owing to economic development and an increase in government initiatives in developing infrastructure such as sewage lines, water distribution channels, and oil transportation will boost the market growth in this region. Further, the US fiberglass pipes market held the largest market share, and the Canada fiberglass pipes market was the fastest growing market in the North American region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FIBERGLASS PIPES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's fiberglass pipes market accounts for the second-largest market share owing to increasing demand from chemicals and oil & gas industries and rapid development in various industrial sectors in the countries in the region. Further, the German fiberglass pipes market held the largest market share, and the UK fiberglass pipes market was the fastest-growing market in the European region.

The Asia-Pacific fiberglass pipes market is expected to grow at the fastest CAGR from 2023 to 2032. This is as the majority of construction companies in this region use pipes that are lightweight and reduce the overall cost of transportation and installation. Moreover, China’s fiberglass pipes market held the largest market share, and the Indian fiberglass pipes market was the fastest-growing market in the Asia-Pacific region.

Fiberglass Pipes Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the fiberglass pipes market grow even more. Market participants are also undertaking numerous strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the fiberglass pipes industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the fiberglass pipes industry to benefit clients and increase the market sector. Major players in the fiberglass pipes market, including Sarplast SA (Switzerland), Abu Dhabi Pipe Factory (UAE), Saudi Arabian Amiantit Co. (Saudi Arabia), Graphite India Limited (India), National Oilwell Varco (US), and others, are attempting to enhance market demand by investing in research and development operations.

NOV Inc, formerly National Oilwell Varco Inc, provides technology, equipment, and services to the oil and gas industry. The company's offerings include rig systems, wellbore technologies, and completion and production solutions. Its product line comprises fiberglass systems, pipe handlings, floating production systems, subsea production systems, integrated tensioning systems, drilling fluid equipment, and power systems. The company also provides its customers with waste management, machining, specialty inspection, installation and commissioning, field engineering, and other services. It serves well-servicing companies, drilling contractors, rig fabricators, pressure pumping companies, and independent oil and gas companies. In November 2019, NOV constructed a Fiber Glass Systems production facility in Dammam, Saudi Arabia. This plant will be the first local producer of spoolable and jointed GRE pipe, GRE high-pressure line pipe, and downhole tubing and casing, with 24,000 m2 of production area.

ShawCor Ltd is an integrated energy service provider company. It offers a range of technology-based products, services and solutions, which include field-applied pipeline coating, pipe coating, protection and transportation, offshore solutions, onshore pipeline construction solutions and utilities and water pipelines. Shawcor collaborates on the design, construction, and maintenance of pipeline infrastructure across the world. It has many patents covering new products and process technology. It serves consumers in the oil and gas, industrial, petrochemical, electrical, electronic automotive, and communications sectors. The company has manufacturing and service facilities worldwide. In April 2019, Shawcor Ltd. completed the previously announced plan of arrangement involving ZCL Composites Inc., Shawcor, and the holders of common shares of ZCL and holders of options to purchase Common Shares of ZCL under section 192 of the Canada Business Corporations Act.

Key Companies in the Fiberglass Pipes market include

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  Sarplast SA (Switzerland)


• Abu Dhabi Pipe Factory (UAE)


• Graphite India Limited (India)


• HOBAS (Austria)


• Saudi Arabian Amiantit Co. (Saudi Arabia)


• National Oilwell Varco (US)


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  Hengrun Group Co., Ltd. (China)


• Future Pipe Industries (UAE)


• Chemical Process Piping Pvt. Ltd.(India)


• Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd (China)

Fiberglass Pipes Industry Developments

February 2020: JICA signed a grant agreement with the government of Vietnam to provide aid of about USD 17.4 billion for the Trenchless Sewerage Pipe Rehabilitation project in Ho Chi Minh City.

November 2019: Future Pipe Industries Group (FPIG) bought 100% of the fiberglass reinforced pipe company Specialty Plastics, Inc., from ITT Exelis as part of its growth strategy.

Fiberglass Pipes Market Segmentation

Fiberglass Pipes Type Outlook

• GRE Pipes


• GRP Pipes


• Other Pipes

Fiberglass Pipes Fiber Types Outlook

• E-Glass


• T-Glass


• S-Glass


• R-Glass


• Others

Fiberglass Pipes Applications Outlook

• Oil & Gas


• Chemicals


• Sewage


• Irrigation


• Others

Fiberglass Pipes Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America