Fiberglass
Pipe Market strategic research study offers company accounts, industry investors,
and industry members with consequential insights to enable them to make
reliable strategic decisions regarding the opportunities in the global market.
Fiberglass Pipe Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Fiberglass Pipe market analysis based on
current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Fiberglass
Pipe market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Fiberglass Pipe
market top key players and their strategic moves.
5. Evaluation of Fiberglass Pipe market
trends to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Fiberglass Pipe market micro-level
analysis based on application, type and geography.
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The global fiberglass pipe
market was estimated at USD 3.83 billion in 2016 and is expected to reach USD
6.19 billion by 2025, with a CAGR of 5.6%. Fiberglass pipe is used for potable
water use ranging in size from 1inch through 144 inches in diameter. The
pressure classes range for such fiberglass from 50 psi through 250 psi. The
design defines different stiffness categories and also about the exterior
loading applied to the pipe. Benefits in using such pipes include light weight,
corrosion resistance, low installation cost, sophistication and hydraulic
smoothness. Disadvantages pertaining to use of fiberglass pipes include
vulnerability to mechanical damage, low modulus of electricity, and lack of
standard jointing system.
A method of manufacturing a
pipe is called as filament winding. Glass-fiber saturated with resin is wound
around a mandrel under controlled environments. Thus, inside diameter of the
pipe is fixed by mandrel diameter and thickness of the wall is governed by
pressure and stiffness class as specified. Another method of manufacturing is
centrifugal casting. The fiberglass and resin reinforcement are applied to the
mold and is rotated and heated.
Outer diameter of the pipe
is determined by the mold and inside diameter diverges dependent on the wall
thickness. Therefore, various methods are used by several manufacturers to join
pipe sections and fittings. Overall, considering the advantages and production
techniques coupled with driving factors the global fiberglass market is
anticipated to grow at a higher CAGR during the forecast period.
The key driving factors
responsible for the growth of fiberglass pipes market includes rise in demand
for fiberglass pipes in sewage owing to light weight, dimensional stability,
resistance to corrosion, sophistication in installation and water management
applications and better mechanical properties resulting into an enhanced
product life with lower maintenance costs. However, high costs pertaining to
material acts as a major restraint to market growth.
On the basis of type, the
global fiberglass pipes market is segmented into GRP and GRE. On the basis of
fiber, the global fiberglass pipes market is segmented into E-Glass and
T-Glass. On the basis of application, the global fiberglass pipes market is
segmented into oil & gas, chemicals, irrigation and sewage. Chemical
segment dominates the global market in the fiberglass pipes market during the
forecast period.
On the basis of geographic
segmentation, the global fiberglass pipes market spans North America, Latin
America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions dominate
the global fiberglass pipes market due to the presence of large chemical
industry and government and heavy spending by government on waste and water
management. Indian, Chinese and Indonesian market are anticipated to grow at a
higher CAGR during the forecast period. North America is estimated to grow at a
higher CAGR during the forecast period, followed by Europe and Middle-East
regions. The key players in the global fiberglass pipes market include Arkema,
Mitsubishi Plastics Inc, Formosa Plastics Corporation, SGL Group, Huntsman
Corporation, PPG industries, and Taishan Fiberglass Inc.
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