Global Fiberglass Pipes Market – Continuous Advances in Production Technology to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Polymers–The global
fiberglass pipes market is expected to grow at a CAGR of close
to 5% during the period 2018-2022, according to a new market
research study by Technavio.

The report presents a comprehensive research of the global fiberglass
pipes market by end-user that includes oil and gas, chemical, and
irrigation and sewage. The report also determines the geographic
breakdown of the market in terms of detailed analysis and impact, which
includes key geographies such as APAC, the Americas, and EMEA.

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Market driver: advantages of fiberglass pipes over other materials

The use of fiberglass
pipes is preferred over other materials such as PVC and steel
due to its excellent characteristics such as corrosion, weather, and
encrustation resistance. The fiberglass pipes hold smooth bore,
resulting in lower resistance and erosion, and do not have welds or
joints due to which the risk of cracks and punctures is reduced.

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Market trend: continuous advances in production technology

The technologies implemented in the production of fiberglass
pipes undergo development every year. This has increased the
adoption of computer-aided designing (CAD) method combined with the
manufacturing processes. For instance, the vendors had adopted
continuous filament binding along with dual helical filament binding
since the last one decade, which aimed at reducing the lead time and
increasing the quality of the fiberglass pipe.

According to a senior analyst at Technavio for plastics,
polymers, and elastomers research, “The dual helical filament
binding process involves the use of two-axis machines, including spindle
rotation and horizontal carriage, winding the pre-stressed glass
fiber filament continuously with a matrix resin. Additionally, the
advances in technology have resulted in the implementation of four-axis
helical winding that involves the use of four-axis machines leading to
the cross-feed winding of fiberglass.”

Market challenge: increased investment and technical challenges for
deepwater exploration

Offshore exploration activity requires high capital investment, and the
risk associated with the offshore projects are higher when compared with
that of the onshore projects. Though drilling technological advances
have made new areas accessible, deep water and ultra-deepwater projects
require more capital investment and time compared to that of onshore
developments. Moreover, the production of natural gas in the US has
become less profitable due to the increase in the production of onshore
shale gas.

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