Fiberglass Pipes Market to experience an impressive growth of 7.2% during 2020-2025
January 28, 2020
Fiberglass Pipes Market is likely to witness an impressive CAGR of 7.2% during the forecast period. Growing demand for fiberglass pipes coupled with their superior mechanical properties leading to extended product life with minimal maintenance is driving the market globally.
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Fiberglass Pipes Market Segment Insights:
By Type:
Based on the type, the market is segmented as GRE pipes, GRP pipes, and others. The GRE pipes segment holds the major share of the market owing to their effortlessness of installation, excellent strength, and elevated resistance to corrosion. These properties employ GRE pipes to be extensively used in oil & gas, sewage, and chemicals.
By Application Type:
Based on the application type, the market is segmented as oil & gas, chemicals, sewage pipes, irrigation, and others. The chemicals application segment is the fastest-growing segment of the fiberglass pipes market. Fiberglass pipes have several characteristics such as dimensional stability, lightweight, ease of installation, and resistance to corrosion against conventional materials, such as metallic pipes and concrete, owing to which the application of fiberglass pipes in the oil & gas, chemicals and sewage applications is increasing at a considerable rate, which in turn, is bolstering the global market.
By Region:
In terms of regions, Asia-Pacific holds the largest market for fiberglass pipes in the coming five years. China, India, and Indonesia are the growth engines of the region. The region is also estimated to be the fastest-growing market during the forecast period. The market is sustained by the government expenditure on water & waste management in the region along with the regional presence of large chemical industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major players in the fiberglass pipes market are Abu Dhabi Pipe Factory, Balaji Fiber Reinforced Pvt. Ltd., Chemical Process Piping Pvt. Ltd., Future Pipe Industries, Graphite India Limited, Hengrun Group Co., Ltd., Enduro Composites, Inc., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., Saudi Arabian Amiantit Co., and ZCL Composites Inc.
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- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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