Fiberglass Pipes Market | Exactitude Consultancy Reports

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Fiberglass Pipes Market Overview
The fiberglass pipes market is expected to grow at 5% CAGR from 2021 to 2029. It is expected to reach above USD 6.41 billion by 2029 from USD 4.13 billion in 2020.

Fiberglass pipes are made up of a variety of materials, including glass fiber, polyester resin, and fillers. Fiberglass pipes have advantageous properties such as corrosion resistance, long durability, and high tensile strength. Because fiber glass pipes are made up of two or more materials, they have more advantageous properties. They provide consistent performance even in extreme temperatures and have a low electrical modulus. Not only that, but fiberglass pipes have low installation costs, which benefits the manufacturer.

Segment Analysis
The fiberglass pipes market is segmented based on product type, fiber type, application and region, global trends and forecast.

The market is segmented into glass fiber reinforced plastic (GRP) pipes and glass reinforced epoxy (GRE) pipes based on product type. The GRE pipes segment held the largest share of the Fiberglass Pipes Market in 2021. In comparison to traditional metallic and concrete pipes, these pipes have advantages such as dimensional stability, light weight, ease of installation, and corrosion resistance. As a result, the use of GRE segment of fiberglass pipes in the oil & gas, sewage, and chemicals industries is increasing. The primary market for GRE pipes is the water treatment industry. Because of the growing population and rising demand for fresh water, there has been a transition in the water treatment market over the last few decades. The shift in trend is due to advancements in water treatment technology and rising demand for potable water, particularly in developing countries around the world. These elements have an impact on the use of GRE pipes in the water treatment industry.

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