At 4.2% CAGR, the Europe Fiberglass Pipes Market is Projected to be Worth US$ 1,212.72 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Europe fiberglass pipes market was valued at US$ 948.11 million in 2022 and is expected to reach US$ 1,212.72 million by 2028, registering a CAGR of 4.2% 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 Europe fiberglass pipes market expansion.                     

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.

In 2023, Germany announced its involvement in the joined H2Med hydrogen pipeline project with Portugal, Spain, and France, expanding planned and existing pipeline infrastructure. The H2Med project aims to transmit renewable hydrogen between Portugal, Spain, and France and is projected to be operational by 2030.

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

Based on resin type, the Europe fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held 42.8% share of Europe fiberglass pipes market in 2022, amassing US$ 405.32 million. It is projected to garner US$ 514.49 million by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on end use, the Europe fiberglass pipes market is segmented into oil and gas, sewage, chemicals, agriculture, and others. The oil and gas segment held 44.1% share of Europe fiberglass pipes market in 2022, amassing US$ 417.88 million. It is projected to garner US$ 529.63 million by 2028 to expand at 4.0% CAGR during 2022–2028.  

Based on country, the Europe fiberglass pipes market has been categorized into the Germany, France, Italy, the UK, Russia and the Rest of Europe. Our regional analysis states that the rest of Europe captured 24.5% share of Europe fiberglass pipes market in 2022. It was assessed at US$ 232.04 million in 2022 and is likely to hit US$ 293.42 million by 2028, exhibiting a CAGR of 4.0% during 2022–2028. 

Key players operating in the Europe fiberglass pipes market are Amiblu Holding GmbH, EPP Composites Pvt Ltd, Future Pipe Industries LLC, Gruppo Sarplast Srl, Kurotec-KTS GmbH, Kuzeyboru AS, 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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