At 2.8% CAGR, the South & Central America Fiberglass Pipes Market is projected to be worth US$ 329.40 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the South & Central America fiberglass pipes market was valued at US$ 278.64 million in 2022 and is expected to reach US$ 329.40 million by 2028, registering a CAGR of 2.8 % 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 South & Central America fiberglass pipes market expansion.                     

Metal, concrete, steel, plastics, and composites are used to produce pipes for several applications ranging from oil & gas transmission and wastewater treatment to chemical pipelines. Material type and size are major factors considered by the end-use industries while selecting pipe for specific applications. Due to their characteristics such as corrosion resistance, nontoxic nature, strong impact resistance, weathering resistance, hydraulic efficiency, long service life, lightweight, and low thermal & electrical conductivity, fiberglass pipes are preferred over conventional concrete, metal, or plastic pipes.

Fiberglass pipe manufacturers and suppliers offer a wide range of products for several corrosive and hazardous applications. Enduro Composites provide fiberglass pipes that meet plant specifications and industry standards. The portfolio comprises fiberglass pipes with properties such as less downtime, high strength, durability, resistance to 1,000 chemicals, and temperature tolerance from –40°F through 300°F. Steel and concrete pipes are susceptible to corrosion and negatively affect the structural integrity of pipes. Burgess Well Company Inc, provides nonconductive, torque resistant, and high-pressure resistant fiberglass pipes. The wide range of fiberglass pipes offered by manufacturers and the rising preference for composite pipes is expected to replace conventional pipes in several applications such as crude oil transmission, and chemicals and water sectors.

On the contrary, fluctuation in prices of raw materials hurdles the growth of South & Central America fiberglass pipes market. 

Based on resin type, the South & Central America fiberglass pipes market is segmented into polyester, epoxy, phenolic, and others. The polyester segment held 56.1% share of South & Central America fiberglass pipes market in 2022, amassing US$ 156.37 million. It is projected to garner US$ 183.88 million by 2028 to expand at 2.7% CAGR during 2022–2028.

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 46.5% share of South & Central America fiberglass pipes market in 2022, amassing US$ 129.56 million. It is projected to garner US$ 152.54 million by 2028 to expand at 2.8% CAGR during 2022–2028.  

Based on country, the South & Central America fiberglass pipes market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 57.2% share of South & Central America fiberglass pipes market in 2022. It was assessed at US$ 159.30 million in 2022 and is likely to hit US$ 190.22 million by 2028, exhibiting a CAGR of 3.0% during 2022–2028. 

Key players operating in the South & Central America fiberglass pipes market are 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. among others.   

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