Glass Fiber Textile In Pipe And Tank Trends and Forecast
The future of the global glass fiber textile in pipe and tank market looks promising with opportunities in the oil & gas, retail fuel, water/wastewater, sewage, pulp & paper, chemical & industiral, and agriculture/aquaculture markets. The global glass fiber textile in pipe and tank market is expected to grow with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing demand for corrosion-resistant materials in pipe and tank manufacturing, growing awareness about the benefits of glass fiber textiles for durability and strength, and expansion of infrastructure projects.
• Lucintel forecasts that, within the product type category, non-crimp is expected to witness the highest growth over the forecast period.
• Within the application category, oil & gas is expected to witness the highest growth.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Glass Fiber Textile In Pipe And Tank Market
The glass fiber textile market in pipe and tank manufacturing sector is witnessing some significant developments which are changing the course of manufacturing and application of these materials, among them the pipe and tank glass fiber textile market. These trends have been fueled by advances in the technologies, the need to be environmentally responsible and the evolution in the industrial practices.
• Increasing Use of Hybrid Composites: Glass-Fiber reinforced plastic as a material is in use together with other materials such as Carbon fiber reinforced plastics or Natural Fiber reinforced plastics. This trend is supported by better mechanical properties of the such materials. More specifically, these polymer composites usually outperform the standard materials in any challenging conditions especially in areas like high-pressure pipes or chemical tank etc.
• Eco-Friendly Manufacturing Practices Prioritized: Currently, sustainability has turned out to be an important aspect in the glass fiber textile sector. Producers are now shifting their attention in the manufacture of products that have low impact to the environment. This entails development of glass fiber composites that can be recycled and usage of safe resins.
• Smart and Self-Monitoring Composites: Glass fiber reinforced composites are also being incorporated with sensing technologies to form smart self-monitoring materials. Since these sensors are able to detect corrosion, leakage or structural failure of pipes and tank, their performance can be monitored in real time. This advancement will also come in handy on critical activities such as oil & gas pipeline and chemical storage where risks are minimized and employment of expensive repairing measures is averted thanks to the early detection of problems that would grow into big issues.
• Advances in Resin Technologies: R&D of advanced resin systems is changing the landscape of the glass fiber textile industry. New resin technologies consisting of epoxy resins and vinyl ester resins have greater chemical resistance and toughness. These resins aid in extending the life span of pipes and tank thus making them less vulnerable to hostile environments like offshore rigs and processing plants. Resins formulation, therefore, is a progressive activity that expands the quantity of glass fiber composites application.
• Lightweight, Strong Composite Materials Manifold: The requirements for strong and light material for pipe and tank construction have led to the advancement of glass fiber textiles. Such materials are increasingly finding uses in fields which require weight reduction such as long distance transportation of water or chemicals. This advantage of glass fiber not only being able to decrease weight but also possess strength and durable in glass fiber composites attracts even industries looking for cheaper alternatives in accomplishing infrastructure projects.
These new trends and their implications indicate the advancement over the current technologies and the changes in the existing aspects of the glass fiber textile for the pipes and tank. The market is becoming more and more efficient and penetration of advanced technologies such as sustainability, smart materials and hybrid composites is widening its industrial application.
Recent Developments in the Glass Fiber Textile In Pipe And Tank Market
The advances in glass fiber textile in pipes and tanks market are manifestation of the continued creativity in this market. Some of the key developments are new improved materials, better processes and more smart systems.
• Introduction of Hybrid Glass Fiber Composites: The need to go for hybrid composite materials has been observed in the manufacture of pipes and tanks. These materials incorporate the glass fibers and carbon or aramid fibers to produce composites that exhibit better strength and flexibility yet are more durable. Such hybrid composites are designed for high-performance applications like oil & gas pipeline or chemical storage tanks, where better impact resistance, corrosion resistance, and chemical resistance are required.
• Adoption of Recyclable Composites: Due to increasing demands for environmental versatility, the sector has been inclined to the production of glass fiber reinforced composites which are recyclable. Such kind of products is manufactured with recycling in mind whereby after the active lifetime of the product and waste is minimal to the environment. Recyclable composites are being embraced in areas where sustainability and greener materials are a priority like the construction and infrastructure sectors.
• Resident System Direction in Terms of Development and Improvement: The development of resin technology processes and abilities has contributed to the growing Use of glass fire reinforced pipes and tanks. New resin systems such as angling and vinyl E steer are offering better chemical resistant making the materials ideal for usage in extreme bearing situations. Resins strengthen composites thus increasing the longevity of the pipes and the tanks.
• Implementation of Smart Monitoring Technologies: Smart composite is another key development anticipated within the glass fiber textile market as it comes with specialized sensors placed within the fibrous structure. It is through these sensors that stress, temperature and content damage are appraised and are provided with alerts before any failure occurs. This technology is of particular importance in critical infrastructure, such as pipelines and chemical storage tanks, where problems identified early can avert much disaster.
• Improved and Automated Methods of Production: The level of automation in the glass fiber textile industry is on the rise. Increased precision in manufacturing is made possible by new techniques, particularly automated weaving and filament winding, which reduces waste and enhances uniformity. In turn, production costs are being highly reduced by incorporation of automation thus making the glass fiber composites to be more marketable due to the cheaper price than the other smooth materials.
These key developments driven by technology point to the growing changes in the glass fiber textile market for pipes and tanks. Augmentations in hybrid composites, along with innovative resin systems and smart technologies within the industry aim at producing environmentally friendly, shorter lived, and costly materials that would be suitable for the demands present in the expanding infrastructure as well as industrial applications.
Strategic Growth Opportunities for Glass Fiber Textile In Pipe And Tank Market
There are many growth opportunities in the glass fiber textile in piping and tank market in various applications. As these opportunities evolve, focusing on them will assist manufacturers in broadening their market scope in line with changing consumer needs.
• Water and Wastewater Infrastructure: Due to the population growth and growth of industries the demands for water management and wastewater treatment systems are ever high. Glass fiber reinforced composite pipes and tanks present a corrosion free and long-lasting alternative for such systems. Countries around the world are upgrading their infrastructures hence presents great opportunities in the application of glass fiber composites in water supply pipes and storage tanks by extending their lifespan and minimizing the need for repairs.
• Oil & Gas Industry: In the glass fiber textile market, the oil & gas segment has become one of the most contributing factors due the demand of pipelines and tanks which are able to withstand very harsh working conditions. Glass Fiber Composites are used extensively in offshore oil rigs and pipelines where corrosion and aggression with harsh chemicals is a major problem. The demand for such materials is likely to increase because exploration and production activities, especially offshore ones, are expected to increase.
• Chemical Processing Industry: There is an increased need for storage tanks and pipelines that can bear any chemical corrosion in the chemical processing industry. To meet this demand, glass fiber reinforced plastics which are anti-corrosion and chemical proof offer the best alternative. The chemical industry demonstrates the active use of autoclaved glass fiber reinforced plastics for pipelines that cover up these drawbacks in contamination and failure risks emerging from constant actions, therefore, it is a good long-term strategy for transportation of toxic substances.
• Renewable Energy Projects: The expansion of renewable energy infrastructure like offshore wind farms and hydroelectric projects is bringing new markets for glass fiber composites. In these applications, there is always a need for low weight yet corrosion resistant materials. In renewable energy deployment, the use of glass fiber reinforced pipes and tanks for fluid transport and storage systems are attributing further creativity to these textiles in the green energy sortition.
• Industrial Storage Solutions: There is a growing requirement for storage units made of glass fiber textile reinforced tanks to hold different types of liquids, chemicals and hazardous waste from industrial activities. These tanks are remarkably robust, resistant to chemicals and over time cost advantages over traditional containment units. These industrial sectors include mining, manufacturing and chemicals and their growth is leading to the rising demand in industrial storage systems and maintaining healthy demand for glass fiber textiles.
The glass fiber textile market in pipes and tanks is anticipated to mature in several verticals including water infrastructure, oil and gas, chemicals, renewable energy, and industrial storage. Such players who leverage on these opportunities will thrive in this growing and very competitive market for the long term.
Glass Fiber Textile In Pipe And Tank Market Driver and Challenges
There are several economic, technological, and policy influences affecting glass fiber textile for pipes and tank market. Comprehension of these drivers and challenges is important for the market players so as to maneuver within the competitive market landscape.
The factors responsible for driving the glass fiber textile in pipe and tank market include:
• Technological Innovation in Materials: The development of technique on resin systems, hybrid composites, and sensor systems is accelerating the need for glass fiber textiles. The incredible features of modified glass planar composites, which include great longevity, corrosion resistance and high level of structural efficiency under harsh conditions makes them extensively embraced in the oil and gas, chemical and water industries.
• Infrastructure Upgrades and Investment: Expansion of investment in infrastructures in the world market and particularly in industrial water management, storage facilities, and oil and gas pipelines is creating a need for efficient, non-corrosive pipes and tank. Governments and industries are looking up to glass fiber textiles resulting in expansion of market in the long run. Make it more evident why government industry seeks molded glue.
• Environmental and Sustainability Concerns: The progressive trends toward environmental sustainability and use of every mating resource lead to the use of recycled glass fiber composites. Industries are faced with the problem of carbon emissions and hence using glass fiber textiles forms a solution to these by helping in reducing waste and environmental pollution.
• Increased Demand for Corrosion-Resistant Solutions: This is important in understanding the major industries: water resistant needs and thermoplastic glass composites are necessary for such situations like offshore oil and gas, chemical storage facilities and water infrastructures. Polymeric glass fiber composites have been found to have a higher feature or measure of corrosion-resistance than steel or concrete, hence reaching out to more sectors.
• Cost Efficiency and Long-Lasting Properties: There is an overall long term cost effectiveness of glass fiber composites to the owner because of the composites being strong and less prone to maintenance. This informed the industries that as they seek cheap solutions to these tank and pipes that offer value add then glass fiber textile will be one of the solutions that will be left in the market.
Challenges in the glass fiber textile in pipe and tank market are:
• High Initial Production Costs: The immediacy of the effects that the constraints may have internally or externally poses challenges for the industries because they may push for glass fiber despite the enduring benefits where inertia seems too real. The issue of cost hinges on addressing the production technology concerns and similar in streamlining the cost of the materials to be able to use them.
• Material Limitations in Extreme Conditions: Glass fiber composites textiles have certain number of issues too especially at when temperatures really high or there are certain chemical aggressors involved. More studies and development are required in order for glass fiber textile to perform better in such situation.
• Supply Chain Constraints: Global supply chain challenges intonation of control over them such as shortages of raw materials and delays in transportation negatively affect the glass fiber textiles supply focus. These challenges are associated with cost increments, slow rates of production activity and market congestion.
The glass fiber textile market for pipes and tank will grow due to Technological progress, Infrastructure investments and the need for sustainability. Still, the high costs associated with production, material limitations, and disruptions in the supply chain remain as problems. This will help in meeting the season factors and time factors in relation to the supplies and future growth of the market.
List of Glass Fiber Textile In Pipe And Tank Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies glass fiber textile in pipe and tank companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass fiber textile in pipe and tank companies profiled in this report include-
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weiibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Glass Fiber Textile In Pipe And Tank by Segment
The study includes a forecast for the global glass fiber textile in pipe and tank by product type, application, and region.
Glass Fiber Textile In Pipe And Tank Market by Product Type [Analysis by Value from 2018 to 2030]:
• Woven Roving
• Non-Crimp
• Woven Yarn
• CFM/CSM
Glass Fiber Textile In Pipe And Tank Market by Application [Analysis by Value from 2018 to 2030]:
• Oil & Gas
• Retail Fuel
• Water/Wastewater
• Sewage
• Pulp & Paper
• Chemical & Industiral
• Agriculture/Aquaculture
• Others
Glass Fiber Textile In Pipe And Tank Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Glass Fiber Textile In Pipe And Tank Market
Over the recent past, the glass fiber textile market for pipes and tanks is progressing quite well mainly due to the increasing need for durable and corrosion-free materials in various sectors of the economy such as oil & gas, chemical and water management. Composites consisting of glass fiber textiles have high strength, low weight and great chemical resistance making them a great choice in the production of composite pipes and tanks. With the expansion of infrastructure and industrial investment within the U.S., China, Germany, India and Japan, the demand for these materials is increasing.
• U.S.A: In the U.S., the glass fiber textile market within the pipe and tank glass fiber reinforced plastic industry is largely fueled by the renewal of the infrastructure as well as a rising need for anti-corrosion materials in the oil &gas, water treatment, chemical fields among others. Since the economy has been pouring a lot of money into the renewal of the worn-out infrastructure, there has been an increased need for the manufacture of composite pipes and tanks which incorporate glass fiber textile for better heat insulation and chemical corrosion resistance. Besides that, the U.S. moved toward such sophisticated manufacturing technologies as 3D printing in order to refine the production processes for these composites so that they may become less costly and the supply chains more effective.
• China: The accelerated industrialization and care for the environment of China has propelled growth in the market of glass fiber textile for pipe and tank. With the need to control pollution and update substations there is more demand for resistant and long lasting materials and this is being felt mainly in water treatment and chemical domains. The Chinese businesses are already the pioneers in use of glass fiber composites in municipal pipelines and industrial tanks. Besides, the government policies aimed at encouraging green construction and green manufacturing are increasing the composites market, and creating new potentials for glass fiber textiles in the local and global arenas.
• Germany: Germany dominates the glass fiber textile market for pipes and tanks, particularly in the EU region. The country has a highly developed industrial environment which has also focused on research and development and environmental impact management hence popularity water Composites in waterworks, industrial tanking, and chemical industries. It is now commonplace for German manufacturers to apply state-of-the-art glass fiber textiles in the creation of small in weight and resistant to corrosion tanks and pipes that satisfy the high ecological standards of these industries.
• India: The increase in population and industrial activities in India has necessitated the need for more water infrastructure construction as well as water and chemical storage facilities, causing a rise in the demand for glass fiber-reinforced pipes and tanks. There is growing attention on improving water infrastructure and increasing industrial activities like oil and gas in the country, thus the need for composites. Indian manufacturers are now more and more using glass fiber textiles instead of seeking other alternatives due to cost, weight and corrosion resistance.
• Japan: Japan accounted for a considerable share in the pipe and tank glass fiber textile market owing to the industries’ high tendency to adhere to the industrial standards and improve on infrastructure. The demand for corrosion resistant pipes and tanks in Japan is also high especially for water treatment chemical processing and for oil & gas industries. For instance, glass fiber composite has been used to meet the most stringent of the requirements of the Japanese durability standards in offshore structures, which is building or structure subject to extreme environmental conditions.
Features of the Global Glass Fiber Textile In Pipe And Tank Market
Market Size Estimates: Glass fiber textile in pipe and tank market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Glass fiber textile in pipe and tank market size by product type, application, and region in terms of value ($B).
Regional Analysis: Glass fiber textile in pipe and tank market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, application, and regions for the glass fiber textile in pipe and tank market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the glass fiber textile in pipe and tank market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the growth forecast for glass fiber textile in pipe and tank market?
Answer: The global glass fiber textile in pipe and tank market is expected to grow with a CAGR of 3.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the glass fiber textile in pipe and tank market?
Answer: The major drivers for this market are increasing demand for corrosion-resistant materials in pipe and tank manufacturing, growing awareness about the benefits of glass fiber textiles for durability and strength and expansion of infrastructure projects.
Q3. What are the major segments for glass fiber textile in pipe and tank market?
Answer: The future of the glass fiber textile in pipe and tank market looks promising with opportunities in the oil & gas, retail fuel, water/wastewater, sewage, pulp & paper, chemical & industiral, and agriculture/aquaculture markets.
Q4. Who are the key glass fiber textile in pipe and tank market companies?
Answer: Some of the key glass fiber textile in pipe and tank companies are as follows:
• Owens Corning
• Jushi Group
• Chongqing Polycomp International Corporation
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weiibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Q5. Which glass fiber textile in pipe and tank market segment will be the largest in future?
Answer: Lucintel forecasts that non-crimp is expected to witness the highest growth over the forecast period.
Q6. In glass fiber textile in pipe and tank market, which region is expected to be the largest in next 6 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the glass fiber textile in pipe and tank market by product type (woven roving, non-crimp, woven yarn, and cfm/csm), application (oil & gas, retail fuel, water/wastewater, sewage, pulp & paper, chemical & industiral, agriculture/aquaculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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