Fiberglass Pipe Market Size, Analysis, Competitive Landscape,
And Segment Forecasts, 2014-2025
“The global Fiberglass Pipes Market is expected to reach USD 6.19 billion by
2025, according to a new report by Research, Inc. The market is expected to
witness a CAGR of 5.6% over the forecast period, owing to Increasing
demand from various end-use industries is key factor driving the growth of
fiberglass pipes market.”
The global Fiberglass Pipes Market is expected to reach USD 6.19 billion by 2025, according to a new report
by Research, Inc. The market is expected to witness a CAGR of 5.6% over the forecast period, owing to
Increasing demand from various end-use industries is key factor driving the growth of fiberglass pipes market.
In addition, robust growth in shipping industry in Asia Pacific is further fueling the demand over the forecast
period.
Fiberglass pipes are composite materials which have combined properties of two or more materials such as
glass fibers and resins, that are used in various end-use industries such as chemicals and irrigation. Fiberglass
pipes market is mainly driven by the demand from the oil & gas, chemicals and irrigation, as they are exposed
to various intricate environment during transportation of natural gas and in water supply.
In terms of revenue, GRE pipe, an epoxy resin reinforced composite pipe, accounted as the largest product
type in 2016 and is anticipated to continue its trends with a growth rate of 5.3% over the forecast period.
Increasing need for pipes that are low in weight and possess superior properties are the key factors
anticipated to propel the market growth.
Browse Detail Report With TOC @ https://www.hexareports.com/report/fiberglass-pipe-market
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