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Fiberglass Pipe Market Set To See Strong Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-27 

Europe fiberglass pipe market size, led by UK, France, Italy and Germany will witness an uptrend over the forecast timeframe. Increasing dependency on Russia for natural gas imports may propel product demand. Companies are setting up oil drilling activities which is likely to have a positive influence on regional industry growth.

Asia Pacific driven by Japan, India, South Korea and China fiberglass pipe market size may witness surge in demand over the forecast timeframe. Increasing energy demand in India, Japan, and China along with rising preference for natural gas for coal replacement is likely to enhance regional growth. Transportation of natural gas through pipeline is more cost efficient and economical as compared to transportation of gas through LNG vessels.  Strong infrastructure spending for these businesses along with replacement for concrete and conventional steel pipes will stimulate industry growth demand in the region.

North America, led by Canada and the U.S. fiberglass pipe market size may witness a steady growth owing to rising demand for LPG and natural gas in residential and commercial sectors. Advanced piping and refining infrastructure along with drilling technologies will provide easy access to the market. Increasing usage of FRP pipes may continue waste water and sewage applications on account of increase life cycle and various mechanical characteristics may drive regional growth.

To access the table of contents or view the Fiberglass Pipe Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/2255

Glass Reinforced Epoxy (GRE) fiberglass pipe market size may witness steady gains over the foreseeable period. Excellent corrosion resistance and long service life, superior flow characteristics, low installation cost, minimum maintenance cost and exceptional performance against pressures and high capacity load of product would promulgate industry growth over the forecast timeframe. GRE fiberglass pipe is likely to grow due to its application in various onshore and offshore oil & gas exploration and production.

GRP fiberglass pipe market size may witness a significant growth over the projected period owing to excellent degree of swelling, water resistance, and non-embrittlement characteristics. Moreover, increasing infrastructure spending in emerging nations are expected to boost fiberglass pipe market demand.

Fiberglass pipe market size from sewage applications may witness significant gains over the forecast timeframe. They are majorly used in sewage management due to its corrosion resistance, light weight, cost effectivity and durability. It offers less frictional losses and provide good hydraulic efficiency. Thus, it is suitable for ground & underground sewage applications. Global sewage treatment plants market is projected to grow at over 9.3% up to 2024.

In sewage treatment process, fiberglass pipe is utilized in water & wastewater treatment plants, metallurgy sewage facilities, and industrial effluents treatment plants. Favorable government initiatives towards improving sanitary conditions which should be manufactured in accordance with ASTM D3262, may further stimulate industry growth.

Global fiberglass pipe market share is moderately consolidated. Major players operating in the industry include Graphite India Limited, National Oilwell Varco, Saudi Arabian AMIANTIT Company, HOBAS International GmbH, PPG Industries, and Fibrex Corporation. Favorable trend towards forming new SBUs is likely to have a positive impact in the fiberglass pipe market demand.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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