At 5.5% CAGR, the Asia Pacific Fiberglass Pipes Market is Projected to be Worth US$ 2,006.83 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific fiberglass pipes market was valued at US$ 1,457.17 million in 2022 and is expected to reach US$ 2,006.83 million by 2028, registering a CAGR of 5.5% 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 Asia Pacific fiberglass pipes market expansion.                     

Pipes manufactured from metal, concrete, and plastics are widely used for wastewater and sewage applications. However, municipalities and governments are facing concerns pertaining to service life of pipelines and replacement of aging infrastructure with the right materials with long service life and low maintenance. The ease of installation, lightweight, long service life, corrosion resistance, and low electrical conductivity are a few characteristics of fiberglass pipes that positively influence its utilization in wastewater applications over other types of pipe. In the wastewater industry, fiberglass pipes are used in chemical water treatment, industrial wastewater treatment, gravity sewer systems, and demineralization.

Government initiatives pertaining to developing wastewater and sewage infrastructure in several countries are promoting the expansion or construction of pipelines. According to the United Nations Water, China received US$ 104 million in 2020 as water- and sanitation-related official development assistance, which entails water-related policies, water resources conservation, waste disposal and management, and agricultural water resources. According to a report released by the Government of India in 2021, under the Swachh Bharat Mission (Urban) 2.0 initiative, the government issued US$ 1.93 billion in 2021 to states/union territories for wastewater management, especially for the development of sludge treatment plants. Thus, the adoption of fiberglass pipes in wastewater systems is expected to create lucrative opportunities for the fiberglass pipes market during the forecast period.

On the contrary, fluctuation in prices of raw materials hurdles the growth of Asia Pacific fiberglass pipes market. 

Based on resin type, the Asia Pacific fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held 46.9% share of Asia Pacific fiberglass pipes market in 2022, amassing US$ 683.38 million. It is projected to garner US$ 937.95 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on end use, the Asia Pacific fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The oil and gas segment held 39.3% share of Asia Pacific fiberglass pipes market in 2022, amassing US$ 572.01 million. It is projected to garner US$ 816.24 million by 2028 to expand at 6.1% CAGR during 2022–2028.  

Based on country, the Asia Pacific fiberglass pipes market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 45.2% share of Asia Pacific fiberglass pipes market in 2022. It was assessed at US$ 658.20 million in 2022 and is likely to hit US$ 928.69 million by 2028, exhibiting a CAGR of 5.9% during 2022–2028.      

Key players operating in the Asia Pacific fiberglass pipes market are Amiblu Holding GmbH, Chemical Process Piping Pvt Ltd, EPP Composites Pvt Ltd, Fibrex FRP Piping Systems, Future Pipe Industries LLC, Gruppo Sarplast Srl, Lianyungang Zhongfu Lianzhong Composites Group Co Ltd, NOV Inc, Plasticon Germany GmbH, Poly Plast Chemi Plants (I) Pvt Ltd,  Saudi Arabian Amiantit Co, and Sunrise Industries (India) Ltd., among others.   

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