• / Free eNewsletters & Magazine
  • / My Account
Home>Fiberglass Pipe Market Analysis 2017: Driven by Robust Growth in APAC Shipping Industry - Research and Markets

Fiberglass Pipe Market Analysis 2017: Driven by Robust Growth in APAC Shipping Industry - Research and Markets

Fiberglass Pipe Market Analysis 2017: Driven by Robust Growth in APAC Shipping Industry - Research and Markets

10/06/2017

Fiberglass Pipe Market Analysis 2017: Driven by Robust Growth in APAC Shipping Industry - Research and Markets

The "Fiberglass Pipe Market, 2014-2025" report has been added to Research and Markets' offering.

The global fiberglass pipes market is expected to reach USD 6.19 billion by 2025. The market is expected to witness a CAGR of 5.6% over the forecast period, owing to increasing demand from various end-use industries is key factor driving the growth of fiberglass pipes market. In addition, robust growth in shipping industry in Asia Pacific is further fueling the demand over the forecast period.

Fiberglass pipes are composite materials which have combined properties of two or more materials such as glass fibers and resins, that are used in various end-use industries such as chemicals and irrigation. Fiberglass pipes market is mainly driven by the demand from the oil & gas, chemicals and irrigation, as they are exposed to various intricate environment during transportation of natural gas and in water supply.

In terms of revenue, GRE pipe, an epoxy resin reinforced composite pipe, accounted as the largest product type in 2016 and is anticipated to continue its trends with a growth rate of 5.3% over the forecast period. Increasing need for pipes that are low in weight and possess superior properties are the key factors anticipated to propel the market growth.

The demand for fiberglass pipes is expected to surge owing to the development of new ports in the Asia Pacific region. Different types of resins, glass fibers are used in the manufacturing process for various applications in end use to provide various properties like resistance to abrasion, fire retardant, corrosion resistance, and light weight. Various types of pipes such as GRE, GRP, GRVE pipes are available to cater to the various requirement of the application industry.

Companies Mentioned

  • Kemrock Industries and Exports Limited
  • Apex Western Fiberglass, Inc.
  • HOBAS Pipes International GmbH
  • Andronaco Industries
  • Future Pipe Industries
  • Sarplast SA
  • Fibrex Construction Group
  • FCX Performance
  • PPG Industries, Inc.
  • Hengrun Group Co., Ltd.
  • Enduro Composites, Inc.
  • Saudi Arabian Amiantit Company
  • ZCL Composites, Inc.
  • Graphite India Limited
  • National Oilwell Varco, Inc.

Key Topics Covered:

©2017 Morningstar Advisor. All right reserved.