Advanced Fiberglass Pipes to Leverage Industrialization

Growing demand for advanced pipes with high-end properties such as high stiffness and high corrosion resistance is likely to drive the global fiberglass pipe market. Fiberglass pipes are specifically made from composite materials having multiple properties such as resins and fiberglass. Multiple useful properties being offered by fiberglass pipes are likely to increase its demand in various end-use industries such as chemicals, irrigation, sewage, and oil & gas.

New Water Pipes to Alleviate Maintenance

Major product variants of fiberglass pipes are GRE pipes and GRP pipes. In 2016, GRE pipes had dominated the product segment. It is due to rising demand for GRE pipes in various onshore and offshore oil & gas production. Manufacturers of fiberglass pipes are working day and night to create better products. For instance, an Ohio based company named Advanced Drainage Systems, Inc; has recently introduced its new water pipe technology called HPXR 75.

The technology is believed to provide a high level of stiffness and size range in water pipes. It is also expected to reduce the price of water pipes in comparison to other alternatives. The design of this new pipe is based on corrugated polypropylene and oriented fiberglass reinforcement as outer wall. The product is likely to be available in various sizes such as 30 to 60 inches in short lengths and 13 to 20 foot in long lengths.

Market Insights

According to a recent report by Grand View Research, Inc.; the global fiberglass pipe market is anticipated to propel and reach USD 6.19 billion by 2025. Growing demand for high corrosion resistance, high stiffness, fire resistance, and lightweight material are a few major factors driving the market. In addition, increasing demand from various end-use industries such as chemicals, oil & gas, and irrigation can further augment the expansion. Moreover, rising adoption of advanced pipes against conventional pipes is expected to propel the market over the forecast period (2017-2025).

Some of the major players operating in the market for fiberglass pipes include PPG Fiberglass Industries; HOBAS International GmbH; National Oilwell Varco, Inc.; Graphite India Limited; and Fibrex Corporation.

Read more at: www.grandviewresearch.com/industry-analysis/fiberglass-pipe-market