Fiberglass Pipes Market
Fiberglass Pipes Market Forecasts to 2030 - Global Analysis By Product (Fiberglass Duct Pipes, Fiberglass Lining Pipes, Fiberglass Pressure Pipe, Fiberglass Non-Pressure Pipe, Fiberglass Specialty Pipes and Other Products), Reinforcement Type, Diameter, Manufacturing Process, Sales Channel, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $3.52 BN |
|
Projected Year Value (2030) |
US $5.26 BN |
|
CAGR (2024 - 2030) |
4.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Fiberglass Pipes Market is accounted for $3.52 billion in 2024 and is expected to reach $5.26 billion by 2030 growing at a CAGR of 4.5% during the forecast period. Fiberglass pipes are composite materials made from a combination of glass fibers and a resin matrix, typically epoxy or polyester. They are known for their high strength-to-weight ratio, corrosion resistance, and durability, making them suitable for a variety of applications. Fiberglass pipes are lightweight, easy to install, and can withstand extreme temperatures and pressures. Their smooth interior surface minimizes friction loss, enhancing flow efficiency, while their resistance to chemical degradation ensures longevity in challenging environments.
According to the American Chemical Council, chemical production is estimated to grow 3.4% in 2024.
Market Dynamics:
Driver:
Growing urbanization and infrastructure projects
As urban areas expand, there is a heightened need for reliable water supply, wastewater management, and drainage systems, all of which utilize fiberglass pipes due to their corrosion resistance and lightweight properties. Infrastructure initiatives, such as road construction and industrial development, further drive demand as municipalities and industries seek sustainable materials. Additionally, the focus on modernizing aging infrastructure leads to the replacement of traditional piping systems with fiberglass pipes, enhancing overall market growth.
Restraint:
Vulnerability to UV radiation
Fiberglass pipes are vulnerable to UV radiation because the resin used in their manufacturing can degrade when exposed to sunlight over extended periods. This degradation can lead to a reduction in strength, flexibility, and overall structural integrity, making the pipes less reliable for outdoor applications. Furthermore, potential customers may opt for alternative materials with better UV resistance, limiting the adoption of fiberglass pipes in certain applications and environments.
Opportunity:
Rising water and wastewater management needs
Urban populations are growing, and industrial activities are intensifying, leading to increased demand on current water supply and sewage systems, which prompt the need for upgrades and new infrastructure developments. Fiberglass pipes offer superior corrosion resistance, durability, and a lightweight design, making them ideal for both potable water distribution and wastewater treatment applications. Additionally, governments and municipalities are investing in sustainable practices, further enhancing the appeal of fiberglass pipes as eco-friendly solutions that ensure long-term performance and reduced maintenance costs in managing water resources effectively.
Threat:
High upfront cost
The high upfront cost of fiberglass pipes arises from the complex manufacturing process, specialized materials, and advanced technologies required for production. This initial investment can be significantly higher than that of traditional piping materials like PVC and steel, making fiberglass pipes less attractive to budget-conscious buyers. Additionally, this cost barrier can delay or limit the adoption of fiberglass solutions in various sectors, particularly in developing regions with constrained budgets for infrastructure projects.
Covid-19 Impact
The covid-19 pandemic significantly impacted the fiberglass pipes market, leading to supply chain disruptions, reduced manufacturing capacity, and project delays in various industries. Demand for fiberglass pipes, particularly in construction and infrastructure projects, declined due to restrictions and economic uncertainty. However, the need for durable piping solutions in healthcare and sanitation applications increased as hospitals expanded their facilities. As recovery progresses, the market is expected to rebound, driven by infrastructure investments and growing awareness of corrosion-resistant materials.
The storage tanks segment is expected to be the largest during the forecast period
The storage tanks segment is predicted to secure the largest market share throughout the forecast period. Fiberglass pipes are increasingly used in storage tank applications due to their excellent resistance to corrosion, lightweight nature, and durability. These pipes can withstand harsh chemicals, making them ideal for transporting fluids in industrial, agricultural, and municipal settings. Their smooth interior surface reduces friction, enhancing flow efficiency and minimizing energy costs. Their low maintenance requirements and long lifespan contribute to reduced operational costs, making them a preferred choice for modern storage tank systems.
The water & wastewater segment is expected to have the highest CAGR during the forecast period
The water & wastewater segment is anticipated to witness the highest CAGR during the forecast period due to their corrosion resistance, lightweight properties, and durability. These pipes effectively handle aggressive chemicals and varying pH levels, making them ideal for both potable water and wastewater systems. Their smooth interior minimizes friction loss, promoting efficient flow and reducing energy costs. Their flexibility and ease of installation contribute to reduced labor costs, making them a preferred solution for modern water infrastructure projects.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period due to rising industrialization, urbanization, and infrastructure development. Countries like China, India, and Japan are key players, driven by increasing demand in sectors such as water supply, wastewater management, and chemical processing. The region benefits from advancements in manufacturing technologies and the adoption of lightweight, corrosion-resistant materials. Additionally, government initiatives promoting sustainable practices and investments in renewable energy projects further boost the market.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period fuelled by increasing demand for lightweight, durable, and corrosion-resistant piping solutions across various sectors, including oil and gas, water treatment, and construction. The region benefits from advanced manufacturing capabilities and a strong emphasis on infrastructure development. Key players are investing in research and development to innovate product offerings. Additionally, the growing trend of retrofitting aging infrastructure with fiberglass pipes contributes to market expansion in North America.
Key players in the market
Some of the key players profiled in the Fiberglass Pipes Market include Baker Hughes, Owens Corning, Vanguard Pipe & Supply, Reynolds Polymer Technology, Dura-Life, AquaPipe, Fibrex, ZCL Composites, Culvert Resource, Ferguson, Naylor Pipe Company, Future Pipe Industries Group (FPIG), Enduro Composites, HOBAS Pipe USA and Global Pipe.
Key Developments:
In October 2024, Hobas has launched a new generation of Glass Reinforced Plastic (GRP) pipes that feature a more durable inner protective layer, specifically designed for demanding applications. This innovation is aimed at improving the longevity and performance of the pipes in challenging environments, such as those found in water and wastewater systems, industrial applications, and other infrastructure projects.
In September 2024, Future Pipe Industries Group (FPIG) expanded its global footprint by acquiring Specialty Plastics, Inc. (SPI). This strategic move aims to enhance FPIG's position in the fiberglass reinforced pipe sector. With this buyout, FPIG aims to leverage SPI's expertise and solutions to improve its competitive edge in the composite pipe business.
Products Covered:
• Fiberglass Duct Pipes
• Fiberglass Lining Pipes
• Fiberglass Pressure Pipe
• Fiberglass Non-Pressure Pipe
• Fiberglass Specialty Pipes
• Other Products
Reinforcement Types Covered:
• Glass Fiber Reinforced Plastic (GRP) Pipes
• Fiberglass Reinforced Plastic (FRP) Pipes
• Polymer Matrix Composite (PMC) Pipes
• Steel-Reinforced Fiberglass Pipes
• Concrete-Reinforced Fiberglass Pipes
• Multi-layer Reinforced Pipes
• Thermoplastic Composite Pipes
• Other Reinforcement Types
Diameters Covered:
• Less Than 6 Inches
• 6 to 36 Inches
• 36 Inches & Above
Manufacturing Processes Covered:
• Centrifugal Casting
• Compression Molding
• Injection Molding
• Other Manufacturing Processes
Sales Channels Covered:
• Direct Sales
• Distributors
• Online Sales
• Other Sales Channels
Applications Covered:
• Flow Lines
• Storage Tanks
• Drainage Systems
• Chemical Transfer
• Seawater Intake & Discharge
• Irrigation Systems
• Other Applications
End Users Covered:
• Oil & Gas
• Water & Wastewater
• Chemical Processing
• Power Generation
• Marine
• Agriculture
• Construction
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fiberglass Pipes Market, By Product
5.1 Introduction
5.2 Fiberglass Duct Pipes
5.3 Fiberglass Lining Pipes
5.4 Fiberglass Pressure Pipe
5.5 Fiberglass Non-Pressure Pipe
5.6 Fiberglass Specialty Pipes
5.7 Other Products
6 Global Fiberglass Pipes Market, By Reinforcement Type
6.1 Introduction
6.2 Glass Fiber Reinforced Plastic (GRP) Pipes
6.3 Fiberglass Reinforced Plastic (FRP) Pipes
6.4 Polymer Matrix Composite (PMC) Pipes
6.5 Steel-Reinforced Fiberglass Pipes
6.6 Concrete-Reinforced Fiberglass Pipes
6.7 Multi-layer Reinforced Pipes
6.8 Thermoplastic Composite Pipes
6.9 Other Reinforcement Types
7 Global Fiberglass Pipes Market, By Diameter
7.1 Introduction
7.2 Less Than 6 Inches
7.3 6 to 36 Inches
7.4 36 Inches & Above
8 Global Fiberglass Pipes Market, By Manufacturing Process
8.1 Introduction
8.2 Centrifugal Casting
8.3 Compression Molding
8.4 Injection Molding
8.5 Other Manufacturing Processes
9 Global Fiberglass Pipes Market, By Sales Channel
9.1 Introduction
9.2 Direct Sales
9.3 Distributors
9.4 Online Sales
9.5 Other Sales Channels
10 Global Fiberglass Pipes Market, By Application
10.1 Introduction
10.2 Flow Lines
10.3 Storage Tanks
10.4 Drainage Systems
10.5 Chemical Transfer
10.6 Seawater Intake & Discharge
10.7 Irrigation Systems
10.8 Other Applications
11 Global Fiberglass Pipes Market, By End User
11.1 Introduction
11.2 Oil & Gas
11.3 Water & Wastewater
11.4 Chemical Processing
11.5 Power Generation
11.6 Marine
11.7 Agriculture
11.8 Construction
11.9 Other End Users
12 Global Fiberglass Pipes Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Baker Hughes
14.2 Owens Corning
14.3 Vanguard Pipe & Supply
14.4 Reynolds Polymer Technology
14.5 Dura-Life
14.6 AquaPipe
14.7 Fibrex
14.8 ZCL Composites
14.9 Culvert Resource
14.10 Ferguson
14.11 Naylor Pipe Company
14.12 Future Pipe Industries Group (FPIG)
14.13 Enduro Composites
14.14 HOBAS Pipe USA
14.15 Global Pipe
List of Tables
1 Global Fiberglass Pipes Market Outlook, By Region (2022-2030) ($MN)
2 Global Fiberglass Pipes Market Outlook, By Product (2022-2030) ($MN)
3 Global Fiberglass Pipes Market Outlook, By Fiberglass Duct Pipes (2022-2030) ($MN)
4 Global Fiberglass Pipes Market Outlook, By Fiberglass Lining Pipes (2022-2030) ($MN)
5 Global Fiberglass Pipes Market Outlook, By Fiberglass Pressure Pipe (2022-2030) ($MN)
6 Global Fiberglass Pipes Market Outlook, By Fiberglass Non-Pressure Pipe (2022-2030) ($MN)
7 Global Fiberglass Pipes Market Outlook, By Fiberglass Specialty Pipes (2022-2030) ($MN)
8 Global Fiberglass Pipes Market Outlook, By Other Products (2022-2030) ($MN)
9 Global Fiberglass Pipes Market Outlook, By Reinforcement Type (2022-2030) ($MN)
10 Global Fiberglass Pipes Market Outlook, By Glass Fiber Reinforced Plastic (GRP) Pipes (2022-2030) ($MN)
11 Global Fiberglass Pipes Market Outlook, By Fiberglass Reinforced Plastic (FRP) Pipes (2022-2030) ($MN)
12 Global Fiberglass Pipes Market Outlook, By Polymer Matrix Composite (PMC) Pipes (2022-2030) ($MN)
13 Global Fiberglass Pipes Market Outlook, By Steel-Reinforced Fiberglass Pipes (2022-2030) ($MN)
14 Global Fiberglass Pipes Market Outlook, By Concrete-Reinforced Fiberglass Pipes (2022-2030) ($MN)
15 Global Fiberglass Pipes Market Outlook, By Multi-layer Reinforced Pipes (2022-2030) ($MN)
16 Global Fiberglass Pipes Market Outlook, By Thermoplastic Composite Pipes (2022-2030) ($MN)
17 Global Fiberglass Pipes Market Outlook, By Other Reinforcement Types (2022-2030) ($MN)
18 Global Fiberglass Pipes Market Outlook, By Diameter (2022-2030) ($MN)
19 Global Fiberglass Pipes Market Outlook, By Less Than 6 Inches (2022-2030) ($MN)
20 Global Fiberglass Pipes Market Outlook, By 6 to 36 Inches (2022-2030) ($MN)
21 Global Fiberglass Pipes Market Outlook, By 36 Inches & Above (2022-2030) ($MN)
22 Global Fiberglass Pipes Market Outlook, By Manufacturing Process (2022-2030) ($MN)
23 Global Fiberglass Pipes Market Outlook, By Centrifugal Casting (2022-2030) ($MN)
24 Global Fiberglass Pipes Market Outlook, By Compression Molding (2022-2030) ($MN)
25 Global Fiberglass Pipes Market Outlook, By Injection Molding (2022-2030) ($MN)
26 Global Fiberglass Pipes Market Outlook, By Other Manufacturing Processes (2022-2030) ($MN)
27 Global Fiberglass Pipes Market Outlook, By Sales Channel (2022-2030) ($MN)
28 Global Fiberglass Pipes Market Outlook, By Direct Sales (2022-2030) ($MN)
29 Global Fiberglass Pipes Market Outlook, By Distributors (2022-2030) ($MN)
30 Global Fiberglass Pipes Market Outlook, By Online Sales (2022-2030) ($MN)
31 Global Fiberglass Pipes Market Outlook, By Other Sales Channels (2022-2030) ($MN)
32 Global Fiberglass Pipes Market Outlook, By Application (2022-2030) ($MN)
33 Global Fiberglass Pipes Market Outlook, By Flow Lines (2022-2030) ($MN)
34 Global Fiberglass Pipes Market Outlook, By Storage Tanks (2022-2030) ($MN)
35 Global Fiberglass Pipes Market Outlook, By Drainage Systems (2022-2030) ($MN)
36 Global Fiberglass Pipes Market Outlook, By Chemical Transfer (2022-2030) ($MN)
37 Global Fiberglass Pipes Market Outlook, By Seawater Intake & Discharge (2022-2030) ($MN)
38 Global Fiberglass Pipes Market Outlook, By Irrigation Systems (2022-2030) ($MN)
39 Global Fiberglass Pipes Market Outlook, By Other Applications (2022-2030) ($MN)
40 Global Fiberglass Pipes Market Outlook, By End User (2022-2030) ($MN)
41 Global Fiberglass Pipes Market Outlook, By Oil & Gas (2022-2030) ($MN)
42 Global Fiberglass Pipes Market Outlook, By Water & Wastewater (2022-2030) ($MN)
43 Global Fiberglass Pipes Market Outlook, By Chemical Processing (2022-2030) ($MN)
44 Global Fiberglass Pipes Market Outlook, By Power Generation (2022-2030) ($MN)
45 Global Fiberglass Pipes Market Outlook, By Marine (2022-2030) ($MN)
46 Global Fiberglass Pipes Market Outlook, By Agriculture (2022-2030) ($MN)
47 Global Fiberglass Pipes Market Outlook, By Construction (2022-2030) ($MN)
48 Global Fiberglass Pipes Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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