Fiberglass Pipes Market Overview
“The global Fiberglass Pipes Market is expected to grow rapidly at a 4.34% CAGR consequently, it will grow from its existing size of from $4.2 billion in 2023 to $7.18 billion by 2030.”
What exactly is fiberglass pipe?
FRP pipe is a lightweight, strong, and corrosion-resistant non-metallic pipe made from glass fiber and resin matrix. Its advanced pipe wall structure allows for improved rigidity, stability, and reliability. FRP sand-filled pipes are lightweight, high power, impact-resistant, and have no scaling. They have a longer service life, lower total cost, easier installation, and are safer than typical steel pipes. The process ensures the product's stability and reliability, while maintaining its strength and reliability.
FRP Advantages
- The material is widely utilized in civil construction, production, breeding, and other fields due to its long service life, low cost, reliable performance, no maintenance, beautiful appearance, designability, easy cleaning, structural properties, and corrosion resistance.
- Special technology is utilized to create fiberglass pipes made from glass fiber and quartz sand.
- Fiberglass pipes have exceptional tensile strength and resilience, allowing them to withstand high pressures and hostile environments without compromising structural integrity.
- Because of their high corrosion resistance, these pipes are ideal for conveying corrosive fluids and compounds.
- Because fiberglass pipes are chemically inert, the substances they transmit do not react with them.
- Because of this feature, they can handle a wide range of fluids, including strong chemicals.
- Fiberglass pipes are lower in weight than traditional metal pipes despite their high strength, making them easier to handle, transport, and install.
- Fiberglass pipes have excellent thermal insulating properties, which might be useful in temperature-controlled applications.
Fiberglass pipes are widely used in various industries, including irrigation, chemical, sewage, water treatment, and distribution systems, and are ideal for transporting high-corrosion compounds, acids, and biological liquids due to their exceptional strength-to-weight ratio.
Reinforced thermosetting resin pipes, also known as composite pipes, are a type of piping system that combines the strengths of thermosetting resin matrices with various reinforcing elements. GRP pipes, also known as fiberglass-reinforced plastic, are innovative composite piping systems that combine glass fiber strength with plastic matrices.
Key Takeaways:
- Asia-Pacific dominates the Fiberglass pipes market due to rising demand in developing countries where governments are investing heavily in water and waste management.
- The associated high project cost for pipeline installation for heavy pipes and material in major building projects is driving up demand for lightweight, corrosion-resistant, and durable pipe lines in numerous nations.
- Because of the increased demand for fuel and natural gas, the use of these pipelines in the oil and gas industry is increasing. Natural gas transportation via pipeline is more cost effective and affordable than gas transfer by LNG carriers. This is a significant aspect that is predicted to increase the demand for fiberglass pipe in the near future.
- The high cost of raw materials is a major impediment to the expansion of the worldwide fiberglass pipes market.
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Market Dynamics
The global demand for products with ease of installation, minimal maintenance costs, and flexibility in complex designs is increasing due to consumers' changing needs, particularly for concrete, steel, and polyvinyl chloride.
Fiberglass pipes are increasingly popular as replacements for traditional pipes due to their durability, corrosion resistance, and ease of handling. They are available in various sizes and forms to meet customer needs in various applications. Fiberglass pipes also maintain excellent hydraulic features due to less friction between surfaces, making them a cost-effective and efficient choice.
The increasing use of fiberglass pipes in various industries is primarily due to its durability and adaptability.
“Superior flow properties and exceptional pressure performance of fiberglass pipes”
The growth of the fiberglass pipes market is driven by advancements in technology, such as dual helical four-axis fiberglass pipes, which offer superior properties and faster production, making them a preferred choice for various applications.
The oil and gas sector's rapid expansion drives the global market, with fiberglass pipes being widely used in extraction, processing, refining, and distribution industries due to their exceptional performance under high pressure and capacity loads. Rising building activity also increases demand for lightweight thermal insulation materials in commercial and residential complexes.
“Integration of Fiberglass Reinforced Plastic (FRP) with Fiberglass Tubes to improve corrosion resistance”
Fiberglass-reinforced plastic (FRP) pipe is a composite material made by reinforcing a polymer matrix with glass fibers, offering superior mechanical and chemical properties.
- As part of its growth strategy, Future Pipe Industries Group (FPIG) acquired 100% of Specialty Plastics, Inc., a manufacturer of fiberglass reinforced pipes, from ITT Exelis in November 2019.
Fiberglass-reinforced pipes (FRPs) are a revolutionary advancement in piping technology, combining the strength of glass fibers with the corrosion resistance and adaptability of polymers, making them suitable for various industrial applications due to their strategically placed reinforcing layers.
Trends
The Chemical Industry is experiencing a surge in demand.
Fiberglass pipes are widely used in the chemical industry due to their durability, transparency, high-temperature resistance, corrosion resistance, large transport flow, and ease of installation.
The growing demand for chemicals, particularly in manufacturing, may stimulate the growth of the chemical industry, thereby increasing the demand for fiberglass pipes in the future.
Challenges
“High initial cost and limited installation expertise”
Initial Cost:
Fiberglass pipes may have higher upfront costs compared to traditional materials, which significantly influences buying decisions, especially in sectors with critical cost concerns.
Limited Expertise in Installation:
Proper training and understanding are crucial for installing fiberglass pipes, as improper methods can lead to issues and hinder optimal performance and longevity of the pipes.
Material Compatibility:
Fiberglass pipes are durable but not suitable for carrying highly reactive or severe substances, hence it's crucial to ensure material compatibility to prevent undesirable reactions or composite material breakdown.
Regulatory Compliance:
Fiberglass pipes may need specific standards and requirements, requiring additional testing, certification, and documentation, which may complicate the manufacturing process and increase costs.
Market Segment Analysis:
The popularity of Glass Reinforced Epoxy (GRE) pipes can be attributed to their durability and resistance to corrosion.
GRE pipes offer advantages like dimensional stability, lightweightness, ease of installation, and corrosion resistance, making their use in oil, gas, sewage, and chemical industries growing, with the water treatment sector being the primary market.
The growing population and increased demand for freshwater have led to changes in water treatment procedures, influenced by advancements in technologies and global demand for potable water, particularly in developing countries, which affects the use of GRE pipes in the industry.
Fiberglass pipes reinforced with epoxy resins are suitable for high-pressure, high-pressure, and heat applications in industrial and offshore oil and gas industries, meeting the International Maritime Organization's (IMO) level 3 fire endurance requirement.
The oil and gas industry is increasingly utilizing fiberglass pipes due to their durability and flexibility.
“Use of fiberglass pipes for safe and easy chemical transportation due to their corrosion resistance”
Fiberglass pipes are widely used in the oil and gas industry due to their exceptional corrosion resistance, which prevents damage to traditional metallic pipes, thereby ensuring their safety and efficiency in conveying corrosive fluids and gases in hostile environments.
Competitive Landscape of the Fiberglass Pipes Market
- Chemical Process Piping Pvt. Ltd. (CPP)
- Saudi Arabian AMIANTIT Company
- National Oilwell Varco, Inc.
- HOBAS International GmbH
- PPG Fiberglass Industries
- Fibrex Corporation
- Amiblu Holding GmbH
- Graphite India Limited
- Future Pipe Industries
Recent Development in Fiberglass Pipes Market
In February 2020, a grant agreement was established between JICA and the government of Vietnam to provide US$ 17.4 billion in support for the Trenchless Sewerage Pipe Rehabilitation Project in Ho Chi Minh City.
In December 2018, PPG announced its agreement for the acquisition of Whitford Worldwide Company. The company manufactures low-friction and non-stick coatings that are used in industrial applications and consumer products.
In January 2018, Applied Industrial Technologies announced the agreement to acquire engineered valves, instruments, pumps, and lifecycle services distributor, FCX Performance, Inc. The acquisition will help the companies to enhance their positions as leading industrial distributors.
In January 2023, Future Pipe Industries, a leading manufacturer of fiberglass pipes, announced the expansion of its production capacity in the United Arab Emirates. This expansion is expected to meet the growing demand for fiberglass pipes in the Middle East region.
In February 2023, Johns Manville Corporation, a leading manufacturer of fiberglass pipes, announced the launch of a new line of high-performance fiberglass pipes for the oil and gas industry. These pipes are designed to withstand the harsh conditions found in oil and gas applications.
In March 2023, Pipelife International AG, a leading manufacturer of fiberglass pipes, announced the acquisition of Tuboplast S.A., a Polish manufacturer of fiberglass pipes. This acquisition is expected to strengthen Pipelife's position in the European market.
Regional Insights:
The surge in demand for fiberglass pipes in China is attributed to various factors such as technological advancements, environmental concerns, and the country's growing population
The focus is on reducing coal dependence and increasing natural gas for energy generation.
Emerging countries like China are increasingly favoring natural gas over coal due to its cost-effectiveness and infrastructure investment. Pipeline transportation is seen as the most cost-effective option, but massive investments are required for infrastructure. This is expected to drive demand for fiberglass pipes as an alternative to existing steel and concrete pipes.
- China is a large producer of chemicals, making up a significant portion of the world's chemical output. According to the European Chemical Industry Council, the country makes up over 43% of all chemical sales worldwide in 2021. Many significant market players have set up chemical production facilities in China.
What Opportunities Await Fiberglass Pipe Manufacturers in the United States?
“Use of corrosion-resistant fiberglass pipes in the adoption of renewable energy sources”
Fiberglass pipes are ideal for transporting various chemicals and acids due to their resistance to a wide range of chemicals without corroding.
Fiberglass pipes meet strict environmental rules due to their corrosion-resistant properties and reduced risk of leaching hazardous substances.
Renewable energy sources like wind and solar power demand reliable, corrosion-resistant piping for fluid transport and power generation infrastructure.
- The Water Resources Development Act of 2016 was sponsored by the United States Senate to fund investments in water infrastructure upgrades and to lower corrosion resistance problems with current installations. This offers plenty of chances for the manufacturers to furnish cities with pipes that are highly resistant to corrosion.
Segments Covered in the Fiberglass Pipes Market
Fiberglass Pipes Market By Type
- Glass-Fiber-reinforced Plastic (GRP) Pipes
- Glass-Reinforced Epoxy (GRE) Pipes
Fiberglass Pipes Market By Process
- Centrifugal Casting
- Filament Winding
- Pultrusion
Fiberglass Pipes Market By End Use
- Oil & Gas
- Chemicals
- Agriculture
- Sewage
Fiberglass Pipes Market By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Frequently Asked Questions:
What is the current fiberglass pipes market size?
The global fiberglass pipes market is valued at US$ 4.2 billion in 2023.
What is the forecasted sales growth for fiberglass pipes?
Worldwide sales of fiberglass pipes are set to increase at a CAGR of 4.4% from .
At what rate are the sales of glass-reinforced epoxy pipes set to grow?
Sales of glass-reinforced epoxy pipes are forecasted to increase at a CAGR of 3.6% from 2023 to 2030.
What are the sales projections for fiberglass pipes in the United States?
Sales of fiberglass pipes in the U.S. are projected to rise at 4.4% CAGR through 2030.
Who are the key players in the fiberglass pipes market?
Fibrex Corporation, Amiblu Holding GmbH, Future Pipe Industries, Chemical Process Piping Pvt. Ltd. (CPP), and Saudi Arabian AMIANTIT Company are leading market players.
Where are fiberglass pipes most widely used?
Oil & gas, chemicals, agriculture, and sewage are key application areas of fiberglass pipes.
- Global Market - Executive Summary
1.1. Global Market Overview
1.2. Demand Side Trends
1.3. Supply Side Trends
- Global Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
- Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on
3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices
3.1.3. COVID-19 Impact Benchmark with Previous Crisis
3.1.3.1. Change in Demand
3.1.3.2. Before and After COVID-19 Crisis (Projected)
3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual)
3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)
3.1.4. Impact on Market and Value (US$ Mn)
3.1.4.1. Likely Loss of Value in 2022
3.1.4.2. Mid-term and Long Term Forecast
3.1.4.3. Quarter by Quarter Demand and Recovery Assessment
3.1.5. Anticipated Demand and Value Recovery Curve
3.1.5.1. Likelihood of U-Shape Recovery
3.1.5.2. Likelihood of L-Shape Recovery
3.1.6. Recovery Period Assessment by Key Countries
3.1.7. Recovery Assessment by Key Market Segments
3.1.8. Action Points and Recommendations for Suppliers
3.1.9. Impact on Trade Balance
3.2. Key Trends Impacting the Market
3.3. Formulation and Source Development Trends
- Market Background and foundation Data Points
4.1. Need of the Hour for Industries
4.2. Industry Wise Industry 4.0
4.3. Strategic Priorities
4.4. Life Cycle Stage
4.5. Importance of Technology
4.6. Use Cases of Fiberglass Pipes
4.7. Forecast Factors: Relevance and Impact
4.8. Investment Feasibility Matrix
4.9. PESTLE Analysis
4.10. Porter’s Five Forces Analysis
4.11. Market Dynamics
4.11.1. Drivers
4.11.2. Restraints
4.11.3. Opportunity Analysis
4.11.4. Trend
- Global Market Demand (US$ Mn) Analysis and Forecast,
5.1. Historical Market Value (US$ Mn) Analysis
5.2. Current and Future Market Value (US$ Mn) Projections,
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
- Global Market Analysis and Forecast, By Type
6.1. Introduction / Key Findings
6.2. Historical Market Value (US$ Mn) Analysis By Type
6.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Type,
6.3.1. Glass-Fiber-reinforced Plastic (GRP) Pipes
6.3.2. Glass-Reinforced Epoxy (GRE) Pipes
6.4. Market Attractiveness Analysis By Type
- Global Market Analysis and Forecast, by Process
7.1. Introduction / Key Findings
7.2. Historical Market Value (US$ Mn) Analysis By Process
7.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Process,
7.3.1. Centrifugal Casting
7.3.2. Filament Winding
7.3.3. Pultrusion
7.4. Market Attractiveness Analysis By Process
- Global Market Analysis and Forecast , by End Use
8.1. Introduction / Key Findings
8.2. Historical Market Value (US$ Mn) Analysis By End Use
8.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By End Use,
8.3.1. Oil & Gas
8.3.2. Chemicals
8.3.3. Agriculture
8.3.4. Sewage
8.4. Market Attractiveness Analysis By End Use
- Global Market Analysis and Forecast , by Region
9.1. Introduction / Key Findings
9.2. Historical Market Value (US$ Mn) Analysis By Region
9.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. East Asia
9.3.5. South Asia & Oceania
9.3.6. Middle East and Africa (MEA)
9.4. Market Attractiveness Analysis By Region
- North America Market Analysis and Forecast
10.1. Introduction / Key Findings
10.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy
10.3. Market Value (US$ Mn) Forecast By Market Taxonomy,
10.3.1. By Country
10.3.1.1. United States
10.3.1.2. Canada
10.3.2. By Type
10.3.3. By Process
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Type
10.4.3. By Process
- Latin America Market Analysis and Forecast
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy
11.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
11.3.1. By Country
11.3.1.1. Brazil
11.3.1.2. Mexico
11.3.1.3. Rest of Latin America
11.3.2. By Type
11.3.3. By Process
11.3.4. By End Use
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Type
11.4.3. By Process
11.4.4. By End Use
- Europe Market Analysis and Forecast
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy
12.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
12.3.1. By Country
12.3.1.1. Germany
12.3.1.2. France
12.3.1.3. Italy
12.3.1.4. Spain
12.3.1.5. United Kingdom
12.3.1.6. BENELUX
12.3.1.7. Russia
12.3.1.8. Rest of Europe
12.3.2. By Type
12.3.3. By Process
12.3.4. By End Use
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Type
12.4.3. By Process
12.4.4. By End Use
- East Asia Market Analysis and Forecast
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy
13.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
13.3.1. By Country
13.3.1.1. China
13.3.1.2. Japan
13.3.1.3. South Korea
13.3.2. By Type
13.3.3. By Process
13.3.4. By End Use
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Type
13.4.3. By Process
13.4.4. By End Use
- South Asia & Oceania Market Analysis and Forecast
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy
14.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
14.3.1. By Country
14.3.1.1. India
14.3.1.2. Thailand
14.3.1.3. Malaysia
14.3.1.4. Singapore
14.3.1.5. Vietnam
14.3.1.6. ANZ
14.3.1.7. Rest of South Asia & Oceania
14.3.2. By Type
14.3.3. By Process
14.3.4. By End Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Type
14.4.3. By Process
14.4.4. By End Use
- Middle East and Africa Market Analysis and Forecast
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy
15.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region,
15.3.1. By Country
15.3.1.1. GCC Countries
15.3.1.2. South Africa
15.3.1.3. Israel
15.3.1.4. Rest of Middle East and Africa (MEA)
15.3.2. By Type
15.3.3. By Process
15.3.4. By End Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Type
15.4.3. By Process
15.4.4. By End Use
- Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.2. Market Concentration
16.3. Market Share Analysis of Top Players
16.4. Market Presence Analysis
- Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Competition Deep Dive
17.3.1. Fibrex Corporation
17.3.1.1. Company Overview
17.3.1.2. Source overview
17.3.1.3. SWOT Analysis
17.3.1.4. Key Developments
17.3.2. Amiblu Holding GmbH
17.3.2.1. Company Overview
17.3.2.2. Source overview
17.3.2.3. SWOT Analysis
17.3.2.4. Key Developments
17.3.3. Graphite India Limited
17.3.3.1. Company Overview
17.3.3.2. Source overview
17.3.3.3. SWOT Analysis
17.3.3.4. Key Developments
17.3.4. Future Pipe Industries
17.3.4.1. Company Overview
17.3.4.2. Source overview
17.3.4.3. SWOT Analysis
17.3.4.4. Key Developments
17.3.5. Chemical Process Piping Pvt. Ltd. (CPP)
17.3.5.1. Company Overview
17.3.5.2. Source overview
17.3.5.3. SWOT Analysis
17.3.5.4. Key Developments
17.3.6. Saudi Arabian AMIANTIT Company
17.3.6.1. Company Overview
17.3.6.2. Source overview
17.3.6.3. SWOT Analysis
17.3.6.4. Key Developments
17.3.7. National Oilwell Varco, Inc.
17.3.7.1. Company Overview
17.3.7.2. Source overview
17.3.7.3. SWOT Analysis
17.3.7.4. Key Developments
17.3.8. HOBAS International GmbH
17.3.8.1. Company Overview
17.3.8.2. Source overview
17.3.8.3. SWOT Analysis
17.3.8.4. Key Developments
17.3.9. PPG Fiberglass Industries
17.3.9.1. Company Overview
17.3.9.2. Source overview
17.3.9.3. SWOT Analysis
17.3.9.4. Key Developments
- Assumptions And Acronyms Used
- Research Methodology
