Fiberglass Pipes Market likely to witness an impressive CAGR of 7.2%

Stratview Research in its recent report has offered an overlook of the current Fiberglass Pipes Market scenarios and has also estimated the Fiberglass Pipes Market size to reach grow at CAGR of 7.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Fiberglass Pipes are mainly user-friendly and are known for the corrosion-resistant properties. GRE Pipes, GRP Pipes, and others are some of the pipe types available.

Fiberglass Pipes are manufactured of different fiber types such as E-glass, T-glass, R-glass, S-glass, and others. Oil & Gas, Chemicals, sewage pipes, irrigation, and others are some of the applications areas where fiberglass pipes are used.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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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.

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.

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.

Highlights of the Report:

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.

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.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Fiberglass Pipes Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• 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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