The South & Central America fiberglass pipes market is expected to grow from US$ 278.64 million in 2022 to US$ 329.40 million by 2028. It is estimated to grow at a CAGR of 2.8% from 2022 to 2028.
Adoption of Fiberglass Pipes in Wastewater Systems fuels South & Central America Fiberglass Pipes Market
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 pipes. 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.
South & Central America Fiberglass Pipes Market Overview
The fiberglass pipes market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. In South & Central America, the demand for fiberglass pipes is driven by the high use of fiberglass pipes in different industries. The economic growth of the region is largely dependent on the manufacturing industry, which is expected to fuel the growth of the fiberglass pipes market over the coming years. Fiberglass pipes are widely used in the pulp & paper industry because of their reliability, corrosion & abrasion resistance, strength, low maintenance, affordability, and design flexibility. According to the Indústria Brasileira de Árvores (Ibá) and Food and Agriculture Organization (FAO), Brazil and Chile held 11.3% and 2.8% of South & Central America pulp production in 2020. Thus, the large quantity of pulp & paper production in the region is anticipated to boost the demand for fiberglass pipes over the coming years.
Further, according to the Association of Oil, Gas, and Renewable Energy Companies in Latin America and the Caribbean, countries in South & Central America such as Argentina, Brazil, Colombia, and Venezuela are dominating the oil and gas production. According to the US Energy Information Administration, more than 90% of Brazil's oil production is extracted from offshore deepwater oil fields.
South & Central America Fiberglass Pipes Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Fiberglass Pipes Market Segmentation
The South & Central America fiberglass pipes market is segmented into resin type, end use, and country.
Based on resin type, the South & Central America fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held a largest South & Central America fiberglass pipes market share in 2022.
Based on end use, the South & Central America fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The chemicals segment held the largest South & Central America fiberglass pipes market share in 2022.
Based on country, the South & Central America fiberglass pipes market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America fiberglass pipes market in 2022.
Amiblu Holding GmbH, Fibrex FRP Piping Systems, Future Pipe Industries LLC, Gruppo Sarplast Srl, NOV Inc, Plasticon Germany GmbH, Poly Plast Chemi Plants (I) Pvt Ltd, and Sunrise Industries (India) Ltd. are the leading companies operating in the fiberglass pipes market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 278.64 Million |
| Market Size by 2028 | US$ 329.40 Million |
| CAGR (2022 - 2028) | 2.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Resin Type
|
|
Regions and Countries Covered
|
|
| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
|
The South & Central America Fiberglass Pipes Market is valued at US$ 278.64 Million in 2022, it is projected to reach US$ 329.40 Million by 2028.
As per our report South & Central America Fiberglass Pipes Market, the market size is valued at US$ 278.64 Million in 2022, projecting it to reach US$ 329.40 Million by 2028. This translates to a CAGR of approximately 2.8% during the forecast period.
The South & Central America Fiberglass Pipes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Fiberglass Pipes Market report:
The South & Central America Fiberglass Pipes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Fiberglass Pipes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Fiberglass Pipes Market value chain can benefit from the information contained in a comprehensive market report.
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