North America Fiberglass Pipes Market Forecast to 2028
North America Fiberglass Pipes Market Forecast to 2028 – Regional Analysis – by Resin Type (Polyester, Epoxy, Phenolic, and Others) and End-Use (Oil and Gas, Sewage, Chemicals, Agriculture, and Others)
$2,485 – $3,885
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- Table of Contents
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- LIst of Figures
- List of Companies
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Description
Rising demand for fiberglass pipes in chemical industry fuels North America fiberglass pipes market
Chemical processes involve additives and corrosive chemicals such as hydrochloric acid, phenol, toluene, ethyl acetate, acetone, and ethylene dichloride. Exposure to such chemicals and additives can reduce the service life of conventional pipes made of steel, metal, plastics, or other materials. Also, conventional pipes are coated with titanium to impart chemical resistance to the pipe, but this is an expensive option. Thus, solvent-resistant and cost-effective resin systems are selected to develop fiberglass pipes for chemical applications.
According to the Office of Energy Efficiency & Renewable Energy (the US Department of Energy), the US marks the operational presence of ∼2,574.9 km of hydrogen pipelines located in petroleum refineries and chemical facilities, among others. The department highlights research on technical concerns of hydrogen pipeline infrastructure and potential solutions, including the utilization of fiberglass pipes for hydrogen transmission. The installation costs of fiberglass pipelines are 20% lower than steel pipelines. In 2021, the operation of the EPIC Ethylene project was commenced, collectively owned by EPIC Consolidated Operations LLC, Chevron Corporation, and Salt Creek Midstream LLC. The 247 km pipeline project aimed at the transmission of ethylene in the US. Therefore, the rising demand for fiberglass pipes in the chemical industry is fueling the fiberglass pipes market.
North America Fiberglass Pipes Market Overview
The US, Canada, and Mexico are the major countries in North America. The region has a massive network of inter and intrastate pipelines that serve an important role in transporting water, hazardous liquids, and raw materials. According to the Pipeline and Hazardous Materials Safety Administration, in North America, approximately 2.6 million miles of pipelines deliver hundreds of billions of tons of liquid petroleum products and trillions of cubic feet of natural gas yearly. Per the Canada Energy Regulator, most of the crude oil produced in Canada is shipped using pipelines from western provinces to refineries in the US, Ontario, and Quebec. In 2020, Canada exported 82% of the crude oil it produced. In North America, the oil & gas industry requires higher-pressure rated and larger diameter piping to control challenges related to corrosion caused by contamination of water with salt, sulfur, and other corrosive elements in produced fluid lines. The flame retardant and noncorrosive characteristics of fiberglass pipes provide an effective solution for these issues. Thus, with growing oil & gas production, the demand for fiberglass pipes is rising in North America. Countries such as the US and Canada use pipelines to transport crude oil to refineries in the region as other transport medium such as rail is more expensive than pipeline and tanker.
North America Fiberglass Pipes Market Revenue and Forecast to 2028 (US$ Million)
North America Fiberglass Pipes Market Segmentation
The North America fiberglass pipes market is segmented into resin type, end user, and country.
Based on resin type, the North America fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held a largest North America fiberglass pipes market share in 2022.
Based on end use, the North America fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The oil and gas segment held the largest North America fiberglass pipes market share in 2022.
Based on country, the North America fiberglass pipes market has been categorized into the US, Canada, and Mexico. The US dominated the North America fiberglass pipes market in 2022.
Amiblu Holding GmbH, Chemical Process Piping Pvt Ltd, EPP Composites Pvt Ltd, Fibrex FRP Piping Systems, Future Pipe Industries LLC, NOV Inc, Sunrise Industries (India) Ltd, Poly Plast Chemi Plants (I) Pvt Ltd, and Plasticon Germany GmbH are some of the leading companies operating in the North America fiberglass pipes market.
Summary Info
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According to the research team’ research, the North America fiberglass pipes market was valued at US$ 1,078.60 million in 2022 and is expected to reach US$ 1,341.16 million by 2028, registering a CAGR of 3.7% from 2022 to 2028. Increasing installation of oil & gas pipelines and rising demand for fiberglass pipes in chemical industry are the critical factors attributed to the North America fiberglass pipes market expansion.
Fiberglass pipes are considered a reliable and cost-effective alternative to steel pipes for onshore and offshore corrosion control in the low to high-pressure oil & gas sector. The diverse range of pipeline applications in the sector include oil separation, enhanced oil recovery systems, oil production processes, transportation, and underground piping. The wide range of applications of fiberglass pipes such as fiberglass-reinforced epoxy pipes and fiberglass-reinforced polyester pipes can be attributed to its properties such as corrosion and pressure resistance, long service life, lightweight, high strength, nontoxic nature, and other mechanical properties.
The oil & gas industry is reporting increasing fuel demand due to rapid economic growth and rising oil utilization for applications such as feedstock and power generation.
The US is the top country with a significant number of proposed and in-development pipeline projects. According to the Energy Information Administration’s Liquids Pipeline Projects Database, the US recorded the completion of 14 petroleum liquids pipelines in 2021. 6 out of 14 projects were newly constructed pipelines, 5 projects were the expansion of existing pipelines, 2 projects were reversal of pipeline direction, and 1 project involved modification in commodity carried in pipeline. The report revealed the completion of two crude oil pipeline projects in the US in the first 5 months of 2022. Thus, the increasing installation of oil & gas pipelines across the world drives the demand for fiberglass pipes.
On the contrary, fluctuation in prices of raw materials hurdles the growth of North America fiberglass pipes market.
Based on resin type, the North America fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held 44.5% share of North America fiberglass pipes market in 2022, amassing US$ 480.00 million. It is projected to garner US$ 594.33 million by 2028 to expand at 3.6% CAGR during 2022-2028.
Based on end use, the North America fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The oil and gas segment held 42.6% share of North America fiberglass pipes market in 2022, amassing US$ 459.41 million. It is projected to garner US$ 567.13 million by 2028 to expand at 3.6% CAGR during 2022-2028.
Based on country, the North America fiberglass pipes market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.1% share of North America fiberglass pipes market in 2022. It was assessed at US$ 896.07 million in 2022 and is likely to hit US$ 1,118.96 million by 2028, exhibiting a CAGR of 3.8% during 2022-2028.
Key players operating in the North America fiberglass pipes market are Amiblu Holding GmbH, Chemical Process Piping Pvt Ltd, EPP Composites Pvt Ltd, Fibrex FRP Piping Systems, Future Pipe Industries LLC, NOV Inc, Sunrise Industries (India) Ltd, Poly Plast Chemi Plants (I) Pvt Ltd, and Plasticon Germany GmbH., among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America fiberglass pipes market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America fiberglass pipes market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the fiberglass pipes market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 North America Fiberglass Pipes Market, by Resin Type
1.3.2 North America Fiberglass Pipes Market, by End-Use
1.3.3 North America Fiberglass Pipes Market, by country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Fiberglass Pipes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors/Suppliers
4.3.5 End-Use Industries
4.4 Expert Opinion
5. North America Fiberglass Pipes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Installation of Oil & Gas Pipelines
5.1.2 Rising Demand for Fiberglass Pipes in Chemical Industry
5.2 Market Restraints
5.2.1 Fluctuation in Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Adoption of Fiberglass Pipes in Wastewater Systems
5.4 Future Trends
5.4.1 Rising Preference among the End Users for Composite Pipes over Conventional Pipes
5.5 Impact Analysis
6. Fiberglass Pipes – North America Market Analysis
6.1 Fiberglass Pipes Market Overview
6.2 North America Fiberglass Pipes Market -Volume and Forecast to 2028 (Thousand Meters)
6.3 North America Fiberglass Pipes Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Fiberglass Pipes Market Analysis – By Resin Type
7.1 Overview
7.2 North America Fiberglass Pipes Market, By Resin Type (2021 and 2028)
7.3 Polyester
7.3.1 Overview
7.3.2 Polyester: Fiberglass Pipes Market – Volume and Forecast to 2028 (Thousand Meters)
7.3.3 Polyester: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Epoxy
7.4.1 Overview
7.4.2 Epoxy: North America Fiberglass Pipes Market – Volume and Forecast to 2028 (Thousand Meters)
7.4.3 Epoxy: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Phenolic
7.5.1 Overview
7.5.2 Phenolic: North America Fiberglass Pipes Market – Volume and Forecast to 2028 (Thousand Meters)
7.5.3 Phenolic: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Fiberglass Pipes Market – Volume and Forecast to 2028 (Thousand Meters)
7.6.3 Others: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Fiberglass Pipes Market Analysis – By End Use
8.1 Overview
8.2 North America Fiberglass Pipes Market, By End Use (2021 and 2028)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Sewage
8.4.1 Overview
8.4.2 Sewage: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Chemicals
8.5.1 Overview
8.5.2 Chemicals: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Agriculture
8.6.1 Overview
8.6.2 Agriculture: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Fiberglass Pipes Market – Country Analysis
9.1 Overview
9.1.1 North America: Fiberglass Pipes Market
9.1.2 North America: Fiberglass Pipes Market, by Key Country
9.1.2.1 US: Fiberglass Pipes Market -Volume and Forecast to 2028 (Thousand Meters)
9.1.2.2 US: Fiberglass Pipes Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 US: Fiberglass Pipes Market, by Resin Type
9.1.2.2.2 US: Fiberglass Pipes Market, by Resin Type
9.1.2.2.3 US: Fiberglass Pipes Market, by End Use
9.1.2.3 Canada: Fiberglass Pipes Market-Volume and Forecast to 2028 (Thousand Meters)
9.1.2.4 Canada: Fiberglass Pipes Market-Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 Canada: Fiberglass Pipes Market, by Resin Type
9.1.2.4.2 Canada: Fiberglass Pipes Market, by Resin Type
9.1.2.4.3 Canada: Fiberglass Pipes Market, by End Use
9.1.2.5 Mexico: Fiberglass Pipes Market-Volume and Forecast to 2028 (Thousand Meters)
9.1.2.6 Mexico: Fiberglass Pipes Market-Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Mexico: Fiberglass Pipes Market, by Resin Type
9.1.2.6.2 Mexico: Fiberglass Pipes Market, by Resin Type
9.1.2.6.3 Mexico: Fiberglass Pipes Market, by End Use
10. Company Profiles
10.1 Amiblu Holding GmbH
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Chemical Process Piping Pvt Ltd
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 EPP Composites Pvt Ltd
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Fibrex FRP Piping Systems
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Future Pipe Industries LLC
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 NOV Inc
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Sunrise Industries (India) Ltd
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Poly Plast Chemi Plants (I) Pvt Ltd
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Plasticon Germany GmbH
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About Research Team
11.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Fiberglass Pipes Market -Volume and Forecast to 2028 (Thousand Meters)
Table 2. North America Fiberglass Pipes Market -Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Fiberglass Pipes Market, by Resin Type – Volume and Forecast to 2028 (Thousand Meters)
Table 4. North America Fiberglass Pipes Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Fiberglass Pipes Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Fiberglass Pipes Market, by Resin Type – Volume and Forecast to 2028 (Thousand Meters)
Table 7. US Fiberglass Pipes Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US Fiberglass Pipes Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Fiberglass Pipes Market, by Resin Type – Volume and Forecast to 2028 (Thousand Meters)
Table 10. Canada: Fiberglass Pipes Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada Fiberglass Pipes Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Fiberglass Pipes Market, by Resin Type – Volume and Forecast to 2028 (Thousand Meters)
Table 13. Mexico Fiberglass Pipes Market, by Resin Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Fiberglass Pipes Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Global Fiberglass Pipes Market
LIST OF FIGURES
Figure 1. North America Fiberglass Pipes Market Segmentation
Figure 2. North America Fiberglass Pipes Market Segmentation – By Country
Figure 3. North America Fiberglass Pipes Market Overview
Figure 4. North America Fiberglass Pipes Market, By End-Use
Figure 5. North America Fiberglass Pipes Market, by Country
Figure 6. Porter’s Five Forces Analysis of North America Fiberglass Pipes Market
Figure 7. North America Fiberglass Pipes Market, Ecosystem
Figure 8. North America Expert Opinion
Figure 9. North America Fiberglass Pipes Market Impact Analysis of Drivers and Restraints
Figure 10. North America Fiberglass Pipes Market – Volume and Forecast to 2028 (Thousand Meters)
Figure 11. North America Fiberglass Pipes Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Fiberglass Pipes Market Revenue Share, By Resin Type (2021 and 2028)
Figure 13. Polyester: Fiberglass Pipes Market – Volume and Forecast To 2028 (Thousand Meters)
Figure 14. Polyester: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Epoxy: North America Fiberglass Pipes Market – Volume and Forecast To 2028 (Thousand Meters)
Figure 16. Epoxy: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Phenolic: North America Fiberglass Pipes Market – Volume and Forecast To 2028 (Thousand Meters)
Figure 18. Phenolic: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: North America Fiberglass Pipes Market – Volume and Forecast To 2028 (Thousand Meters)
Figure 20. Others: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Fiberglass Pipes Market Revenue Share, By End Use (2021 and 2028)
Figure 22. Oil and Gas: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Sewage: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Chemicals: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Agriculture: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Others: North America Fiberglass Pipes Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. North America: Fiberglass Pipes Market Revenue, by Key Country (2021 and 2028) (US$ Million)
Figure 28. North America: Fiberglass Pipes Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. US: Fiberglass Pipes Market -Volume and Forecast to 2028 (Thousand Meters)
Figure 30. US: Fiberglass Pipes Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Fiberglass Pipes Market-Volume and Forecast to 2028 (Thousand Meters)
Figure 32. Canada: Fiberglass Pipes Market-Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Fiberglass Pipes Market-Volume and Forecast to 2028 (Thousand Meters)
Figure 34. Mexico: Fiberglass Pipes Market-Revenue and Forecast to 2028 (US$ Million)
The List of Companies – North America Fiberglass Pipes Market
o Amiblu Holding GmbH
o Chemical Process Piping Pvt Ltd
o EPP Composites Pvt Ltd
o Fibrex FRP Piping Systems
o Future Pipe Industries LLC
o NOV Inc
o Plasticon Germany GmbH
o Poly Plast Chemi Plants (I) Pvt Ltd
o Sunrise Industries (India) Ltd
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