Global Fiberglass Pipes Market By Type (GRE Pipes, GRP Pipes), Fiber Type (E-Glass, T-Glass/S-Glass/R-Glass) By Application (Oil & Gas, Chemicals, Sewage, Irrigation), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Analysis: Global Fiberglass Pipes Market
Global Fiberglass Pipes market is expected to rise to an estimated value of USD 6.6 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.This rise in market value can be attributed to growing demand for fiberglass pipes in oil & gas field.
Market Definition: Global Fiberglass Pipes Market
Fiberglass pipes are the composite materials having combining properties of two or more materials such as glass fibers and resins. These pipes have characteristic properties such as high strength and durability and steady performances in extreme temperatures.
- Lightweight, higher corrosion resistance and superior properties of fiberglass pipes acts as a driver for the rising demand of fiberglass pipes
- Growing demand for GRP pipe in offshore oil & gas production activities boosts the growth of market
- Restriction on the use of fiberglass pipe for transporting hydrocarbons is the major restraint in the growth of fiberglass fiber market
- Authorization requirement from regulatory authorities also hinders the market growth
Segmentation: Global Fiberglass Pipes Market
- GRE Pipes
- GRP Pipes
By Fiber Type
- Oil & Gas
- Irrigation Healthcare
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- 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.
Global Fiberglass Pipes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Fiberglass Pipes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in Fiberglass Pipes market are Apex Western Fiberglass, Amiblu Holding GmbH, Andronaco Industries, Future Pipe Industries, Sarplast SA, Fibrex Construction Group, FCX Performance, PPG Industries, Inc., Hengrun Group Co., Ltd., Enduro, Saudi Arabian Amiantit Co., Graphite India Limited and National Oilwell Varco
Research Methodology: Global Fiberglass Pipes Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved