Product Code: ETC13298457 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Composite Pipes Market was valued at USD 3.2 Billion in 2024 and is expected to reach USD 5.6 Billion by 2031, growing at a compound annual growth rate of 8.31% during the forecast period (2025-2031).
The Global Composite Pipes Market is experiencing steady growth driven by factors such as increasing demand for corrosion-resistant and lightweight pipes in industries like oil and gas, water treatment, and chemical processing. Composite pipes offer advantages like high strength-to-weight ratio, durability, and low maintenance requirements, making them a popular choice for various applications. The market is also benefiting from the trend towards infrastructure development in emerging economies and the need for efficient transportation of fluids. Key players in the market are focusing on product innovations, strategic partnerships, and investments in research and development to stay competitive. However, challenges like high production costs and limited awareness about composite pipes in certain regions may hinder market growth to some extent. Overall, the Global Composite Pipes Market is projected to continue its expansion in the coming years.
The Global Composite Pipes Market is witnessing a growing demand driven by factors such as increasing investments in infrastructure development, stringent regulations promoting the use of corrosion-resistant materials, and the advantages of composite pipes such as durability, lightweight, and cost-effectiveness. The oil and gas industry is a significant contributor to the market growth, particularly in offshore applications. Additionally, the water and wastewater treatment sector is also driving the demand for composite pipes due to their resistance to corrosion and chemicals. Opportunities in the market include technological advancements leading to the development of innovative composite pipe solutions, expansion into emerging economies with growing industrial sectors, and the increasing adoption of composite pipes in sectors such as chemicals, mining, and construction. Overall, the Global Composite Pipes Market is poised for substantial growth in the coming years.
The Global Composite Pipes Market faces several challenges, including the high cost of raw materials such as carbon fiber and resin, which can hinder widespread adoption of composite pipes. Additionally, the complex manufacturing process and specialized equipment required for producing composite pipes result in higher production costs compared to traditional materials like steel or PVC. Limited awareness and understanding of the benefits of composite pipes among end-users and regulatory challenges related to standards and certifications also pose obstacles to market growth. However, advancements in composite materials technology, increasing demand for corrosion-resistant and lightweight pipes in industries such as oil and gas, water treatment, and infrastructure development present opportunities for market expansion despite these challenges.
The Global Composite Pipes Market is primarily driven by the increasing demand for corrosion-resistant and lightweight piping solutions across various industries such as oil and gas, chemical processing, and water treatment. The superior properties of composite pipes, including high strength-to-weight ratio, durability, and low maintenance requirements, are fueling their adoption in infrastructure development projects. Additionally, stringent environmental regulations promoting the use of sustainable and eco-friendly materials are further driving the market growth for composite pipes. Moreover, the growing focus on cost efficiency and long-term performance benefits offered by composite pipes compared to traditional metal pipes is also contributing to the market expansion. Overall, the increasing investments in infrastructure development and the need for advanced piping solutions are key drivers propelling the growth of the Global Composite Pipes Market.
Government policies related to the Global Composite Pipes Market vary by country and region. In general, governments have been implementing regulations and standards to ensure the safety and quality of composite pipes used in various industries such as oil and gas, water distribution, and chemical processing. These policies often focus on material specifications, manufacturing processes, installation guidelines, and environmental impact assessments. Additionally, some governments offer incentives and subsidies to promote the use of composite pipes as a more sustainable and cost-effective alternative to traditional materials like steel or concrete. As the demand for composite pipes continues to grow, governments are likely to play a key role in shaping the market through policy interventions that support innovation, standardization, and market development.
The Global Composite Pipes Market is expected to witness significant growth in the coming years due to increasing demand from various end-use industries such as oil and gas, water distribution, and chemical processing. The market is driven by the superior properties of composite pipes, including corrosion resistance, high strength, and lightweight nature, making them a preferred choice over traditional metal pipes. Additionally, the focus on infrastructure development, particularly in emerging economies, coupled with the need for efficient and sustainable piping solutions, is expected to further propel market growth. Technological advancements in composite materials and manufacturing processes are also anticipated to drive innovation and expand the application scope of composite pipes, creating opportunities for market players to capitalize on the growing demand.
In the Global Composite Pipes Market, Asia is expected to see significant growth due to increasing infrastructure development and industrialization in countries like China and India. North America is likely to witness steady growth driven by the construction and oil & gas industries. Europe is expected to show moderate growth with a focus on sustainable solutions and infrastructure upgrades. The Middle East and Africa region is anticipated to see growth in the oil & gas sector, while Latin America is projected to have a stable market with opportunities in the water and wastewater treatment sectors. Overall, the global composite pipes market is forecasted to see steady growth across all regions, with varying levels of market maturity and key growth drivers.
Global Composite Pipes Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Composite Pipes Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Composite Pipes Market Revenues & Volume, 2021 & 2031F |
3.3 Global Composite Pipes Market - Industry Life Cycle |
3.4 Global Composite Pipes Market - Porter's Five Forces |
3.5 Global Composite Pipes Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Composite Pipes Market Revenues & Volume Share, By Pipe Type, 2021 & 2031F |
3.7 Global Composite Pipes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Composite Pipes Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.9 Global Composite Pipes Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.10 Global Composite Pipes Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Composite Pipes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Composite Pipes Market Trends |
6 Global Composite Pipes Market, 2021 - 2031 |
6.1 Global Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Composite Pipes Market, Revenues & Volume, By Fiberglass Composite Pipes, 2021 - 2031 |
6.1.3 Global Composite Pipes Market, Revenues & Volume, By Carbon Fiber Composite Pipes, 2021 - 2031 |
6.1.4 Global Composite Pipes Market, Revenues & Volume, By Thermoplastic Composite Pipes, 2021 - 2031 |
6.1.5 Global Composite Pipes Market, Revenues & Volume, By Hybrid Composite Pipes, 2021 - 2031 |
6.2 Global Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Composite Pipes Market, Revenues & Volume, By Water Distribution, 2021 - 2031 |
6.2.3 Global Composite Pipes Market, Revenues & Volume, By Chemical Processing, 2021 - 2031 |
6.2.4 Global Composite Pipes Market, Revenues & Volume, By Oil & Gas Transport, 2021 - 2031 |
6.2.5 Global Composite Pipes Market, Revenues & Volume, By Industrial Sewage, 2021 - 2031 |
6.3 Global Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Composite Pipes Market, Revenues & Volume, By Epoxy Resin, 2021 - 2031 |
6.3.3 Global Composite Pipes Market, Revenues & Volume, By Carbon Fiber, 2021 - 2031 |
6.3.4 Global Composite Pipes Market, Revenues & Volume, By Polyethylene, 2021 - 2031 |
6.3.5 Global Composite Pipes Market, Revenues & Volume, By Kevlar, 2021 - 2031 |
6.4 Global Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Composite Pipes Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.4.3 Global Composite Pipes Market, Revenues & Volume, By Chemical Industry, 2021 - 2031 |
6.4.4 Global Composite Pipes Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.4.5 Global Composite Pipes Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.5 Global Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Composite Pipes Market, Revenues & Volume, By Filament Winding, 2021 - 2031 |
6.5.3 Global Composite Pipes Market, Revenues & Volume, By Pultrusion, 2021 - 2031 |
6.5.4 Global Composite Pipes Market, Revenues & Volume, By Co-Extrusion, 2021 - 2031 |
6.5.5 Global Composite Pipes Market, Revenues & Volume, By Braided Weaving, 2021 - 2031 |
7 North America Composite Pipes Market, Overview & Analysis |
7.1 North America Composite Pipes Market Revenues & Volume, 2021 - 2031 |
7.2 North America Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
7.4 North America Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
7.6 North America Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
7.7 North America Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Composite Pipes Market, Overview & Analysis |
8.1 Latin America (LATAM) Composite Pipes Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
8.4 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
8.6 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
8.7 Latin America (LATAM) Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Composite Pipes Market, Overview & Analysis |
9.1 Asia Composite Pipes Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
9.4 Asia Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
9.6 Asia Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
9.7 Asia Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Composite Pipes Market, Overview & Analysis |
10.1 Africa Composite Pipes Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
10.4 Africa Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
10.6 Africa Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
10.7 Africa Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Composite Pipes Market, Overview & Analysis |
11.1 Europe Composite Pipes Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
11.4 Europe Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
11.6 Europe Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
11.7 Europe Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Composite Pipes Market, Overview & Analysis |
12.1 Middle East Composite Pipes Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Composite Pipes Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Composite Pipes Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Composite Pipes Market, Revenues & Volume, By Pipe Type, 2021 - 2031 |
12.4 Middle East Composite Pipes Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Composite Pipes Market, Revenues & Volume, By Material, 2021 - 2031 |
12.6 Middle East Composite Pipes Market, Revenues & Volume, By Industry, 2021 - 2031 |
12.7 Middle East Composite Pipes Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Composite Pipes Market Key Performance Indicators |
14 Global Composite Pipes Market - Export/Import By Countries Assessment |
15 Global Composite Pipes Market - Opportunity Assessment |
15.1 Global Composite Pipes Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Composite Pipes Market Opportunity Assessment, By Pipe Type, 2021 & 2031F |
15.3 Global Composite Pipes Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Composite Pipes Market Opportunity Assessment, By Material, 2021 & 2031F |
15.5 Global Composite Pipes Market Opportunity Assessment, By Industry, 2021 & 2031F |
15.6 Global Composite Pipes Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Composite Pipes Market - Competitive Landscape |
16.1 Global Composite Pipes Market Revenue Share, By Companies, 2024 |
16.2 Global Composite Pipes Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |