Market Size of Fiberglass Pipes Industry
| 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
*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.
