Global Fiberglass Pipes Market Estimated $6.6 Billion Growth By 2026

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.

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.

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Competitive Analysis:

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

Segmentation: Global Fiberglass Pipes Market

• By Type (GRE Pipes, GRP Pipes)
• By Fiber Type (E-Glass, T-Glass/S-Glass/R-Glass)
• By Application (Oil & Gas, Chemicals, Sewage, Irrigation)
• By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

Market Drivers:

• 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

Market Restraints:

• 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

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

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.