Fiberglass Pipes Market Size

Statistics for the 2023 & 2024 Fiberglass Pipes market size, created by Mordor Intelligence™ Industry Reports. Fiberglass Pipes size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Fiberglass Pipes Industry

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Fiberglass Pipes Market Summary
Study Period 2019-2029
Market Size (2024) USD 3.29 Billion
Market Size (2029) USD 4.07 Billion
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Fiberglass Pipes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Fiberglass Pipes Market Analysis

The Fiberglass Pipes Market size is estimated at USD 3.29 billion in 2024, and is expected to reach USD 4.07 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The COVID-19 pandemic negatively affected the market for fiberglass pipes. Due to nationwide lockdowns in several countries, strict social distancing measures resulted in the closure of chemical manufacturing plants, oil and gas refining plants, and exploration activities, thereby affecting the market for fiberglass pipes. However, the market registered a significant growth rate well after the restrictions were lifted. The market registered a growth rate due to the increasing demand for fiberglass pipes in chemical, oil and gas, agriculture, and sewage applications.

  • The increasing installation of oil and gas pipelines and rising demand for fiberglass pipes in the chemical industry are expected to drive the market for Fiberglass Pipes.
  • On the flip side, fluctuations in the prices of raw materials are expected to hinder the growth of the market.
  • The adoption of fiberglass pipes in wastewater systems and the increasing demand for fiberglass in emerging economies are expected to create opportunities for the market during the forecast period.
  • The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period. It is due to the rising demand for fiberglass pipes in oil and gas, chemicals, agriculture, and sewage applications.

Fiberglass Pipes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)