Fiberglass Pipes Market was valued at $ 5.26 billion in 2021 and is predicted to reach $ 7.32 billion in 2026, with a CAGR of 7.72% from 2021 to 2026.

Fiberglass Pipes are used in trenchless installation of pipelines because it is lightweight, temperature resistant, strong, and highly resistant to chemicals and corrosion. FRP basically consists of fiberglass and thermosetting resins; these are the main factors that have considerably increased the demand for the Fiberglass Pipes in the market, thereby driving the huge growth of the Fiberglass Pipes market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Fiberglass Pipes in the market is mainly due to the Growth and expansion of various end user verticals is the root cause fuelling up the fiberglass pipes market growth rate. Rising onshore and offshore applications against the extreme pressures and uncertain conditions will further create lucrative growth opportunities for the fiberglass pipes market. Rising construction activities around the world coupled with increased demand for oil and gas owing to ever-rising population and increasing personal disposable income will further induce growth in the demand for fiberglass pipes. Increasing demand for lightweight and durable fibreglass materials will also propel growth in the demand for fiberglass pipes especially in the emerging economies these are the main factors that have considerably increased the demand for the Fiberglass Pipes in the market, thereby driving the huge growth of the Fiberglass Pipes market in the upcoming years

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Report is segmented as:

Fiberglass Pipes Market is segmented on the basis of by :

By Type (GRP, GRE), By Fiber (E-Glass, T-glass),
By Application (Oil & Gas, Chemicals, Sewage, Irrigation)
Geographical Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the Fiberglass Pipes is due to the increasing urbanization and rising infrastructural development such as installation of sewage lines these are the main factors that have considerably increased the demand for the Fiberglass Pipes in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Fiberglass Pipes Market

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Impact of COVID-19 on Market

Covid -19 pandemic has affected every industry, and the long-term consequences are projected to influence the Fiberglass Pipes boom for the duration of the forecast period. Covid-19 pandemic has impacted large on the income of Fiberglass Pipes market. COVID-19 has adversely affected the Fiberglass Pipes market. The restrictions and lockdown imposed by means of the authorities in quite a few international locations has gradual down the market and reduce the Fiberglass Pipes. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Fiberglass Pipes market growth.
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