TPi July 2017

business & market news

Fibreglass pipes market worth US$4.11bn by 2021

plants, metallurgy sewage facilities, wastewater treatment plants and industrial effluent treatment plants. 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 largest share of the fibreglass 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 as concrete and metallic pipes. The increasing demand is observed in applications such as sewage and chemicals. MarketsandMarkets – USA sales@marketsandmarkets.com www.marketsandmarkets.com

such as chemicals, oil and gas, and sewage. GRE pipes constituted the largest market share in the global fibreglass pipes market in 2015. Various properties and advantages associated with GRE pipes in applications including chemicals and oil and gas are driving its market. Being corrosion resistant, light in weight and durable, fibreglass pipes are commonly used in water and sewage management. Fibreglass pipes offer less frictional losses as the C-value for the design does not deteriorate over time, so they provide good hydraulic efficiency and are suitable for ground and underground sewage applications. In sewage pipe applications, fibreglass pipes are utilised in water treatment

‘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™, reports that the market was valued at US$3.04bn in 2015, and is projected to reach US$4.11bn by 2021, at a CAGR of 5.22 per cent from 2016 to 2021. The fibreglass pipes market is driven by the increased production and exploration of oil and gas and the increasing demand for fibreglass pipes in sewage and water management applications. In addition, the high demand for fibreglass pipes in emerging economies is an opportunity. GRE pipes are a leading segment of fibreglass pipes used for applications

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July 2017 TUBE PRODUCTS INTERNATIONAL