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Composite Pipes Market
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Composite Pipes Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1308001, Published - December 2024

Segmented in Material Type (Fiber Reinforced Plastic, Fiber Reinforced Polymer, Glass Reinforced Plastic, Others), Application (Oil & Gas, Chemical, Water & Wastewater, Others), Manufacturing process, Pipe Diameter and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Composite Pipes Market Outlook

The industry of pipes is on the cusp of a groundbreaking evolution, at a pivotal juncture where technology meets sustainability and productivity harmoniously intertwined together. The market, for Composite pipes was estimated at $2.3 billion in 2024. It is anticipated to increase to $3.2 billion by 2030 with projections indicating a growth to around $4.2 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 5.6% over the forecast period. This adaptable piping solution has the capacity to transform sectors ranging from manufacturing to construction by seamlessly integrating into our contemporary infrastructure landscape.


Being a player in the industry Composite Pipes provide unparalleled durability, strength and corrosion resistance. They are lightweight. Offer improved efficiency thus reducing operational expenses. In the midst of a changing landscape they are increasingly viewed as an eco friendly option due, to their extended lifespan and lower emissions generated during production.


Market Size Forecast & Key Insights

2019
$2.3B2024
2029
$4B2034

Absolute Growth Opportunity = $1.7B

The Composite Pipes market is projected to grow from $2.3 billion in 2024 to $4.0 billion in 2034. This represents a CAGR of 5.6%, reflecting rising demand across Oil and Gas Industry, Water Supply Systems and Construction and Infrastructure.

The Composite Pipes market is set to add $1.7 billion between 2024 and 2034, with manufacturer targeting Chemical & Water & Wastewater Application projected to gain a larger market share.

With Growing infrastructure development, and Surge in oil and gas exploration, Composite Pipes market to expand 72% between 2024 and 2034.

Opportunities in the Composite Pipes Market

Renewable Energy Infrastructure

There is an opportunity waiting in the renewable energy sector that focuses particularly around wind and hydroelectric power plants where composite pipes could play a significant role due, to their high strength compared to weight and ability to withstand severe weather conditions.

Wastewater Management Sector and Offshore Oil & Gas Industry

The sector of managing wastewater offers an area of growth for the composite pipes market as there is a rising need to replace old pipelines and improve water systems due to population growth and urbanization trends leading to more use of composite pipes for sewer systems and wastewater treatment facilities because of their long lasting quality and resistance to corrosion along with being lightweight, in nature.

A growing trend in the oil and gas sector is the increasing use of composite pipes due to the challenging operating conditions and high pressures involved in offshore operations that require their specific properties such as strength and corrosion resistance leading to a longer lifespan for these pipes. With the rise in drilling worldwide activities on the rise globally; there seems to be a significant market potential for composite pipes, in this field.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's composite pipe sector gains from the regions dedication to eco friendly methods are quite beneficially advantageous for the business landscape there as it faces tough competition from a plethora of European companies producing composite pipes which are in demand due to their resistance to corrosion and lightweight nature especially in the rapidly growing offshore wind energy sector in Europe which presents ample chances for growth in this market space but challenges concerning costs could pose potential hindrances, in the sector.

North America Outlook

The competitive and ever changing American market for composite pipes is influenced by established manufacturers and technological progressions present in the industry segment of oil and gas that heavily employs these pipes for its operations leading to market expansion. Moreover the continuous efforts in enhancing development in the region drive the need for such pipes. However the presence of market saturation and strict regulatory policies act as obstacles to growth, in this sector.

North America Outlook

The competitive and ever changing American market for composite pipes is influenced by established manufacturers and technological progressions present in the industry segment of oil and gas that heavily employs these pipes for its operations leading to market expansion. Moreover the continuous efforts in enhancing development in the region drive the need for such pipes. However the presence of market saturation and strict regulatory policies act as obstacles to growth, in this sector.

Europe Outlook

In Europe's composite pipe sector gains from the regions dedication to eco friendly methods are quite beneficially advantageous for the business landscape there as it faces tough competition from a plethora of European companies producing composite pipes which are in demand due to their resistance to corrosion and lightweight nature especially in the rapidly growing offshore wind energy sector in Europe which presents ample chances for growth in this market space but challenges concerning costs could pose potential hindrances, in the sector.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, India, United Kingdom are expected to grow at 3.6% to 5.4% CAGR

2

Emerging Markets : Nigeria, Indonesia, Vietnam are expected to grow at 6.4% to 7.7% CAGR

Market Analysis Chart

The Composite Pipes market is shaped by factors that intricately impact its present status and future directionality. A key driving force is the rising desire for robust pipes in sectors such as oil and gas because of their excellent resistance to corrosion and extended longevity. Furthermore the move towards building infrastructure in developing nations has escalated the requirement for eco effective piping solutions driving up the request, for Composite Pipes.

Recent Developments and Technological Advancement

December 2024

Composite Pipes Co revealed progress in enhancing the durability of their epoxy resin pipes by 15% all while maintaining the same weight without any noticeable increase, in weightiness.

October 2024

FiberMate introduced a range of lightweight and flexible composite pipes designed for the oil and gas sector.

August 2024

GlobalCompPipe announced a collaboration, with HydroLine Solutions to enhance the quality and longevity of their composite pipe offerings through the incorporation of innovative trenchless technology.

Lately there has been an uptick in the worldwide Composite Pipes market due to the rise in industrialization and urbanization on a global scale. The main emphasis has been on creating pipes thatre lightweight resistant, to corrosion and long lasting. A noteworthy progress is the use of state of the art manufacturing methods that provide performance and greater efficiency under challenging conditions.

Impact of Industry Transitions on the Composite Pipes Market

As a core segment of the Composite industry, the Composite Pipes market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Green Manufacturing and Advancements in Material Science have redefined priorities across the Composite sector, influencing how the Composite Pipes market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Green Manufacturing:

The industry is currently undergoing a shift towards eco friendly production methods in the composite pipes sector This change is transforming how market participants operate as they embrace sustainable manufacturing processes use environmentally friendly materials and minimize waste in alignment with the worldwide trend towards green industrial practices This shift not only helps companies reduce their environmental impact but also lowers operational expenses and enhances customer appeal giving them a competitive advantage, in the market

2

Advancements in Material Science:

Advancements in materials science are making an impact in the composite pipes industry with the introduction of new and innovative materials that offer better durability and resistance while being lighter in weight, than before.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Composite industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Composite industry cascade into the Composite Pipes market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Infrastructure Development, and Technological Advancements in Pipe Manufacturing

The building industry. Encompassing both business and residential projects. Is also experiencing expansion globally as urbanization progresses swiftly around the world Theres a rise in the adoption of composite pipes owing to their lightweight nature and strong resistance, to corrosion which aids in extending the durability of structures.
Advancements in manufacturing methods have also improved the quality and effectiveness of creating pipes significantly over time by emphasizing the production of sturdier pipes that are also both flexible and resistant, through the use of cutting edge materials.
The oil and gas industry has also a need for composite pipes because they can also handle high levels of pressure and heat effectively. These pipes are also widely utilized in sectors such as oil and gas exploration ventures as well as in petrochemical and refinery operations. The increasing demand for these activities is also fuelin the expansion of the market, for Composite Pipes.

Restraint: High Production Cost

The creation of pipes requires the utilization of various materials and intricate manufacturing methods that contribute to its high cost factor. This might hinder market expansion as consumers and industrial operations seeking budget options may opt for alternatives such, as plastic or metal pipes that are more affordable.

Challenge: Paramount Need for Technical Expertise

To manufacture and set up pipes requires a high degree of technical know how and skill compared to traditional pipes where such expertise is not as crucially needed This could pose as a major obstacle, for entering and expanding in the market since it may result in challenges when expanding production and operations because of the shortage of skilled labor.

Supply Chain Landscape

Raw Material Providers

DuPont

Toray Industries

Extrusion & Molding

Amiantit Company

HOBAS

Composite Pipe Production
Future Pipe Industries / National Oilwell Varco
End User Industries
Oil & Gas / Water supply & Sewage / Chemical Industry
Raw Material Providers

DuPont

Toray Industries

Extrusion & Molding

Amiantit Company

HOBAS

Composite Pipe Production

Future Pipe Industries

National Oilwell Varco

End User Industries

Oil & Gas

Water supply & Sewage

Chemical Industry

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Water and Wastewater Systems
Civil Engineering
Advanced Drainage Systems Inc.
Innovation and Recycling Focused Strategy
Oil and Gas
Energy
Oil States Industries
Integrated Supply Chain Strategy
Chemical Processing Plants
Chemical Industry
IWaki America Inc.
Product Differentiation Strategy
Building and Construction
Real Estate
Uponor Corporation
Focus on Customized Solutions

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Composite Pipes market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Composite Pipes in Water Supply Systems, Oil and Gas Industry and Construction and Infrastructure

Water Supply Systems

Composite pipelines are crucial for delivering safe drinking water since they are leak proof and resistant against chemical corrosion. Preventing contamination and ensuring a healthy water supply. Leading companies such, as Suez and Veolia are actively incorporating these pipelines into their water distribution systems.

Oil and Gas Industry

In the oil and gas industry sector composite pipes are commonly employed for tasks like moving oil and gas because of their ability to handle high pressure and withstand challenging environments. This preference is influenced by advantages such as resistance, to corrosion maintenance needs, and prolonged durability. Shell and Chevron are figures actively utilizing composite pipes within this field.

Construction and Infrastructure

In construction work composite pipes find their utility in a range of roles such as sewage systems and piping setups due to their durability, adaptability and light weight. These qualities make them a cost effective option with installation procedures making them preferable over conventional piping systems. Leading companies like Saint Gobain and Polypipe are at the forefront of employing pipes, in construction projects.

Composite Pipes vs. Substitutes:
Performance and Positioning Analysis

Composite pipes are known for being light in weight and resistant to corrosion compared to metal or plastic pipes. They offer an advantage in the market that suggests they have great potential, for growth especially in industries that value durable materials and cost effective practices.

Composite Pipes
  • Plastic Pipes /
  • Stainless Steel Pipes /
  • Copper Pipes
    High strength-to-weight ratio, corrosion-resistant properties
    High cost, complex manufacturing process
    Durability, Cost-effectiveness
    Susceptibility to corrosion, High maintenance costs

Composite Pipes vs. Substitutes:
Performance and Positioning Analysis

Composite Pipes

  • High strength-to-weight ratio, corrosion-resistant properties
  • High cost, complex manufacturing process

Plastic Pipes / Stainless Steel Pipes / Copper Pipes

  • Durability, Cost-effectiveness
  • Susceptibility to corrosion, High maintenance costs

Composite pipes are known for being light in weight and resistant to corrosion compared to metal or plastic pipes. They offer an advantage in the market that suggests they have great potential, for growth especially in industries that value durable materials and cost effective practices.

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Research Methodology

This market research methodology defines the Composite Pipes market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Composite ecosystem, we analyze Composite Pipes across Oil & Gas, Chemical, and Water & Wastewater Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Future Pipe Industries, GE Oil & Gas, and Airborne Oil & Gas by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Providers, Extrusion & Molding, and Composite Pipe Production. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Composite revenues to estimate the Composite Pipes segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Providers (DuPont, Toray Industries), Extrusion & Molding (Amiantit Company, HOBAS), and Composite Pipe Production. Our parallel substitute analysis examines Plastic Pipes, Stainless Steel Pipes, and Copper Pipes, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Future Pipe Industries, GE Oil & Gas, and Airborne Oil & Gas, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Composite Pipes market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Composite Pipes Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 2.4 billion
Revenue Forecast in 2034USD 4.0 billion
Growth RateCAGR of 5.6% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20242.3 billion
Growth OpportunityUSD 1.7 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20242.3 billion USD
Market Size 20272.7 billion USD
Market Size 20293.0 billion USD
Market Size 20303.2 billion USD
Market Size 20344.0 billion USD
Market Size 20354.2 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredMaterial Type, Application, Manufacturing process, Pipe Diameter
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledFuture Pipe Industries, GE Oil & Gas, Airborne Oil & Gas, Magma Global Limited, National Oilwell Varco, Baker Hughes, Chevron Phillips Chemical Company, Prysmian Group, ShawCor Ltd, Soluforce, Flexpipe Systems and Pipelife International GmbH
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Composite Pipes Market Size, Opportunities & Strategic Insights, by Material Type

4.1Fiber Reinforced Plastic
4.2Fiber Reinforced Polymer
4.3Glass Reinforced Plastic
4.4Others
Chapter 5

Composite Pipes Market Size, Opportunities & Strategic Insights, by Application

5.1Oil & Gas
5.2Chemical
5.3Water & Wastewater
5.4Others
Chapter 6

Composite Pipes Market Size, Opportunities & Strategic Insights, by Manufacturing process

6.1Centrifugal Casting
6.2Filament Winding
6.3Pultrusion
6.4Others
Chapter 7

Composite Pipes Market Size, Opportunities & Strategic Insights, by Pipe Diameter

7.1Small Diameter
7.2Large Diameter
Chapter 8

Composite Pipes Market, by Region

8.1North America Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Composite Pipes Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Future Pipe Industries
9.2.2GE Oil & Gas
9.2.3Airborne Oil & Gas
9.2.4Magma Global Limited
9.2.5National Oilwell Varco
9.2.6Baker Hughes
9.2.7Chevron Phillips Chemical Company
9.2.8Prysmian Group
9.2.9ShawCor Ltd
9.2.10Soluforce
9.2.11Flexpipe Systems
9.2.12Pipelife International GmbH