Fiberglass Pipes Market likely to reach beyond 4.11 Billion USD by 2021 at a CAGR of 5.22%

 The [139 Pages Report] "Fiberglass Pipes Market by Type (GRP, GRE), Fiber (E-Glass, T-glass), Application (Oil & Gas, Chemicals, Sewage, Irrigation), and Region - Global Forecast to 2021 ", published by MarketsandMarkets™, In terms of value, the market was valued at USD 3.04 Billion in 2015, and is projected to reach USD 4.11 Billion by 2021, at a CAGR of 5.22% from 2016 to 2021.

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GRE pipes comprise a major share of the fiberglass pipes market in terms of value

 GRE pipes is the leading type segment of fiberglass pipes used for various applications, such as chemicals, oil & gas, sewage, and so on. The GRE pipes constituted the largest market share in the global fiberglass pipes market in 2015. Various properties and advantages associated with GRE pipes in applications including chemicals and oil & gas are driving its market.

Sewage is the largest application market for fiberglass pipes

 Fiberglass pipes are majorly used in water and sewage management. Fiberglass pipes are corrosion resistant, cost-effective, light in weight, and durable. Fiberglass pipes offer less frictional losses as the C-value for the design does not deteriorate over time. Thus, fiberglass pipes provide good hydraulic efficiency and are suitable for ground and underground sewage applications. In sewage pipes application, fiberglass pipes are utilized in water treatment plants, metallurgy sewage facilities, wastewater treatment plants, industrial effluents treatment plants, and other such establishments. Improving the sanitary conditions and industrial sewage management has been the major thrust of governments and private bodies in many Asia-Pacific countries.

Asia-Pacific accounts for the major share of the fiberglass pipes market

 Asia-Pacific accounts for the largest share of Fiberglass Pipes Market, globally, due to the high demand for these pipes as they offer low maintenance and long product span in comparison to conventional materials such concrete and metallic pipes. The increasing demand is observed in applications such as sewage, chemicals, and others. The RoW region is expected to be the fastest-growing market for fiberglass pipes from 2016 to 2021.

Companies such as Future Pipe Industries (UAE), Balaji Fiber Reinforced Plastics Ltd. (India), Chemical Process Piping Pvt. Ltd. (India), Graphite India Limited (India), Hobas (Austria), Saudi Arabian Amiantit Co. (Saudi Arabia), National Oilwell Varco (U.S.), ZCL Composites Inc. (Canada), Abu Dhabi Pipe Factory (UAE), Enduro Composites Inc. (U.S.), and others are the leading players in the global fiberglass pipes market. They have been adopting various organic and inorganic growth strategies such as agreements, new product launches, acquisitions, and expansions to enhance their shares in the global fiberglass pipes market.

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