The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s fiberglass pipes market report forecasts the fiberglass pipes market size to grow to $6.31 billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.

Learn More On The Fiberglass Pipes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/fiberglass-pipes-global-market-report

Fiberglass Pipes Market Size Forecast
The global fiberglass pipes market size is expected to grow from $4.71 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fiberglass pipes market size is expected to reach $6.31 billion in 2027 at a CAGR of 5.8%.

Asia-Pacific held the largest fiberglass pipes market share in 2022.

Key Fiberglass Pipes Market Driver ­– Increasing Exploration Activities In The Oil And Gas Sectors

For instance, according to Zippia, Inc., a US-based provider of online recruitment services, in 2021, the oil drilling and gas extraction market in the United States is worth $463.8 billion. Also, in 2020, the gas and oil sector in the US generated $110.7 billion in revenue with 67,901 companies that extract gas and drill for oil employing 218 966 citizens and sustaining 10.3 million employments. Therefore, the increasing exploration activities in the oil and gas sectors are driving the growth of the fiberglass pipes market.

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Key Fiberglass Pipes Market Trend – Strategic Partnerships
Strategic partnerships are a key trend gaining popularity in the fiberglass pipes market. Major companies operating in the fiberglass pipes market are focused on the partnership to sustain their market position.

Fiberglass Pipes Market Segment
1) By Type: Glass Reinforced Plastic, Glass Reinforced Epoxy, Other Types
2) By Fiber: T-Glass, E-Glass, Other Fibers
3) By End Use: Oil And Gas, Chemicals, Sewage, Irrigation, Other End Uses

Fiberglass Pipes Market Major Players and Strategies

Major players in the fiberglass pipes market are Graphite India Limited, NOV Inc., Saudi Arabian AMIANTIT, HOBAS International GmbH, Chemical Process Piping Pvt Ltd., Fibrex Corporation, Abu Dhabi Pipe Factory, Lianyungang Zhongfu Lianzhong Composites Group Co Ltd., Future Pipe Industries Inc., Sarplast SA, ZCL Composites Inc., Hengrun Group Co Ltd., Sarplast SA, Sekisui Chemical Co Ltd., and PPG Industries Inc.

In February 2021, Atkore Inc., a US-based manufacturer of electrical products acquired FRE Composites Group for an undisclosed amount. with this acquisition, Atkore Inc will expand its conduit product portfolio to be better positioned to serve customers. FRE Composites Group is a Canada-based manufacturer of fiberglass conduit solutions such as glass reinforced plastic and lass reinforced epoxy.

The Fiberglass Pipes Global Market Report 2023 covers regional data on fiberglass pipes market size, fiberglass pipes market trends and drivers, opportunities, strategies, and fiberglass pipes market competitor analysis. The countries covered in the fiberglass pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A fiberglass pipe refers to a pipe made from a composite material such as glass fiber-reinforced plastic, which consists of a polymer matrix reinforced with fibers.

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