Global Fiberglass Pipes Market Size & Growth Trends Analysis Report

The major driver for the global fiberglass market is the growing need for robust, corrosion-resistant piping solutions from sectors including water treatment, chemical processing, and oil & gas. In these industries, fiberglass pipes are favored owing to their great strength and low weight, which lower installation and shipping costs. The demand is being driven by the increased attention being paid to infrastructure development and the necessity of sustainable water management systems in emerging nations. Moreover, the demand for fiberglass pipes is being fuelled by their extended service life and low maintenance requirements, which eventually make them cost-effective. Furthermore, the need for eco-friendly materials is propelling the transition to fiberglass pipes, which are more sustainable than conventional materials such as steel or concrete.

To guarantee that fiberglass pipes fulfill industry standards for pressure, durability, and environmental effects, regulatory organizations such as the International Organisation for Standardisation (ISO) and the American Society for Testing and Materials (ASTM) set safety and performance standards for these pipes. The market for fiberglass pipes is seeing a rise in the number of startups, such as Flowtite Technology and Amiblu, which prioritize cutting-edge production methods and environmentally friendly operations. These upstarts are pushing the limits of fiberglass pipe technology, especially in terms of lowering environmental impact and lengthening product life.

The market is constrained, nevertheless, by factors including fiberglass pipe’s high initial cost when compared to other materials, which can prevent them from being used in projects where price budget is a concern. In certain regions, hurdles may also include a lack of knowledge and a shortage of competent labor for installation. However, the industry has enormous room to grow, especially in rising nations in Latin America and Asia-Pacific, where infrastructure projects are in high demand. The market growth for fiberglass pipes could see expansion due to the growing use of desalination facilities and renewable energy projects, particularly in areas where water is scarce.

Impact of COVID19

The market for fiberglass pipes was first affected by the COVID-19 pandemic as a result of supply chain problems and infrastructure project delays. But as the situation was back under control, there was a surge in demand for fiberglass pipes, especially from critical sectors such as building and water management. Renewing investments in sustainable materials and dependable infrastructure were prompted by the pandemic as well. The market recovered as a result of government stimulus packages, the drive for automation in manufacturing, and a greater emphasis on durable, low-maintenance products.

Segmentation

The market for fiberglass pipes is divided into segments according to type, application, and end-use. By type, the market is segmented into fiberglass-reinforced epoxy (GRE) pipes, fiberglass-reinforced plastic (GRP) pipes, and others. The leading companies in the GRP pipe market, Amiblu and ZCL Composites are renowned for their ability to withstand corrosion and for being used in water and wastewater treatment systems. Owing to its strength and longevity, NOV Fibre Glass Systems dominates the GRE pipe market, which is used in oil & gas applications.

By application, the market is segmented into water distribution, oil & gas, sewage systems, and industrial applications. The leading company in the water distribution market is Flowtite Technology, which supplies fiberglass pipes for major infrastructure undertakings. The prominent businesses in the oil & gas industry, such as Future Pipe Industries and National Oilwell Varco (NOV), provide fiberglass pipes that are engineered to endure severe conditions and high pressure.

By end-use, the market is segmented into municipal, industrial, and residential. The major players in the municipal market are Amiblu and HOBAS, especially when it comes to providing pipes for water and wastewater treatment facilities. Smithline Reinforced Composites is a top performer in the industrial sector, providing fiberglass piping solutions to sectors including power generation and chemical processing.

Regional Analysis

Due to its widespread use in sewage systems, water infrastructure, and oil and gas pipelines, North America is a sizable market for fiberglass pipes. Well-established industries and an emphasis on updating aging infrastructure are beneficial to the region. Leaders in this field, ZCL Composites, and NOV Fibre Glass Systems offer high-performance fiberglass pipes for municipal and industrial uses.

Another significant market is Europe, which is motivated by the need for sustainable infrastructure solutions and strict environmental restrictions. Significant investments are being made in sewage and water treatment infrastructure by nations such as Germany, France, and the UK. Prominent businesses in this region, Amiblu, and HOBAS, are well-known for their work in municipal projects and water management.

The fastest-growing region for the fiberglass pipes market is Asia-Pacific, which is being driven by nations such as China, India, and Japan's rapid industrialization, infrastructural development, and urbanization. The water distribution, chemical processing, and oil & gas industries in the region are witnessing an increase in demand for fiberglass pipes. Gaining traction are businesses such as Lianyungang Zhongfu Lianzhong Composites, which are aided by the region's growing infrastructure and industrial base.

The market for fiberglass pipes is steadily expanding in Latin America, especially in Brazil where there is a rise in infrastructure spending. The water management and oil & gas industries are important drivers for the fiberglass market in the region. Businesses such as Future Pipe Industries are increasing their footprint in the region, to fulfill the rising demand for robust, and anti-corrosion pipes.

Investments in water treatment systems, desalination facilities, and oil & gas are what propel the fiberglass pipes market in the Middle East and Africa region. The key players in these industries include Saudi Arabia, the United Arab Emirates, and South Africa. fiberglass pipes are favored in these regions due to their strength and resistance to corrosion. The leading suppliers in this region, Future Pipe Industries, and Smithline Reinforced Composites, concentrate on energy and infrastructure-related projects.

In conclusion, although Asia-Pacific and Latin America are seeing significant growth as a result of industrial expansion and infrastructure development, North America and Europe are mature markets that prioritize modernizing their current infrastructure. For infrastructure projects including water and energy, the Middle East and Africa continue to be crucial markets.

Competitive Analysis

The key players in the global fiberglass pipes market are PPG Industries Inc., Future Pipe Industries, Chemical Process Piping Pvt. Ltd, Saudi Arabian Amiantit Co., NOV, Russel Metals Inc., Amiblu Holding GmbH, Andronaco Industries, Enduro, and Gruppo Sarplast, among others.

A Cadeler order for Bondstrand glass-reinforced epoxy (GRE) piping systems for wind turbine installations was received by NOV in March 2023. About 1,300 metres of pipes in the 2 to 36-inch diameter Bondstrand 2000M and 2440 series will be produced by NOV. Usually, these pipes are utilised for ballast, cooling water, water generators, and related purposes.