Global Fibreglass Pipes Market Report and Forecast 2024-2032

Global Fibreglass Pipes Market Outlook

The global market size for fibreglass pipes reached a value of more than USD 5.99 billion in 2023. The global fibreglass pipes market is expected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of USD 9.58 billion by 2032.

Key Trends in the Market

Fibreglass pipes also known as FRP (Fibreglass Reinforced Pipes) are lightweight, strong, and resistant to temperature, chemicals, and corrosion. The pipes are made of fibreglass and thermosetting resins. They are used in water cooling systems of power plants, drinking water projects, sewer systems, irrigation systems, and many other industrial and civic applications.

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• Demand for lightweight pipes is increasing especially from the construction and plumbing sectors. Lightweight pipes are easy to handle and require less labour, thereby reducing labour cost as well, further supporting the growth of the fibreglass pipes market.

• Rusting of pipes cause innumerable problems such as uneven surface inside the pipe which would trap the impurities and cause obstruction in the flow of water with time. Thus, increasing the demand for corrosion resistant pipes are expected to help in the growth of the overall market for fibreglass pipes.

• Rapid urbanisation in the developing countries is another factor increasing the demand for the fibreglass pipes fibreglass pipes market. The pipes are used in multiple ways for smooth operations at a city and district level, by supporting irrigation systems, sewer systems, power supply, and drinking water supply.

Market Analysis

Based on product, the market can be segmented into GRE pipes and GRP pipes, among others. On the basis of fibre, the market can be divided into E-glass, T-glass/S-glass/R-glass, and others. Based on end use, it is categorised into oil and gas, chemicals, sewage, irrigation, and others. On a regional level, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global fibreglass pipes market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Hobas Technology (Amiblu Holding GmbH)

• Russel Metals Inc.

• Fibrex Construction Group

• Gruppo Sarplast

• NOV Inc.

• Saudi Arabian Amiantit Co

• Others

Market Share by Product 

GRP or Glass fiber Reinforced Plastic pipes are corrosion resistant and can withstand harsh weather conditions, due to which they account for a significant market share. They are used for drainage, effluent, water purification and various other activities.

GRE or Glass Reinforced Epoxy pipes are used primarily where there is a high demand for reliability and mechanical strength, such as for marine applications and for chemicals in the oil and gas industry. These pipes are mostly used for firefighting and cooling systems.

Market Share by Fibre

E-glass pipes, commonly known as fibreglass, are transparent and made from oxides of calcium, silicon, magnesium, boron, and aluminium. They are rot-proof, and can withstand exposure to strong chemical agents, due to which they occupy a sizable share of the fibreglass pipes market.

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R-glass are reinforcement glass pipes made from calcium aluminosilicates whereas S-glass pipes are made from magnesium aluminosilicates are glasses with high strength. The suitability of the fibre depends upon the final application of the fibreglass pipes.

Competitive Landscape 

Hobas Technology started in 1957 and has its headquarter in Klagenfurt, Austria. It is owned by the Amiblu Holding GmbH group and is a global producer of pipes used for various purposes such as drinking water, industrial, irrigation, hydropower, and wastewater.

Russel Metals Inc. is headquartered in Mississauga, Canada and was founded in 1929. It is the largest Canadian metal processing and distribution company in North America. It carries out its business in three segments: metal service centres, energy products, and steel distribution.

Fibrex Construction Group is an international construction group established in 1972 with its headquarter in Abu Dhabi in the United Arab Emirates. It is a leading player in the construction market and is known for providing innovative solutions for construction to its clients.

Other market players include Gruppo Sarplast, NOV Inc., and Saudi Arabian Amiantit Co., among others.

Key Highlights of the Report