Thermoplastic Pipes Market to 2025: consumption volume, value, import, export and sale price analysis available in new report
Thermoplastic pipes are high strength solid synthetic fibers that are the perfect replacement for steel pipes used as non-corrosive conduits for application in onshore oil and gas industries, specifically in the Middle East region. Thermoplastic pipes are manufactured from Polypropylene, polyvinylidene difluoride (PVDF), Polyvinyl chloride (PVC), Chlorinated polyvinyl chloride (CPVC), Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), Nylon and many others. The usage of thermoplastic pipes is growing expeditiously due to its characteristics like high strength, light-weight, flexibility, and anti-corrosion.
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The major key players in the thermoplastic pipes market are Advanced Drainage Systems, Inc., Airborne Oil & Gas, GF Piping Systems, Simtech, Chevron Phillips Chemical Company, Prysmian Group, Aetna Plastics Corp., National Oilwell Varco, and IPEX USA LLC among others. These players are trying to identify the needs of the market in developing countries and are expanding their strategies to improve the business needs.
Factors Influencing Market Scenario:
The major driver for the thermoplastic pipes market is increasing offshore oil & gas drilling practices as well as mining & dredging, specifically in Middle East countries, due to the use of thermoplastic pipes for delivering raw oil and gases extracted from the ores. Furthermore, rising requirements of thermoplastic pipes from municipal and chemical industries for centralized wastewater & sludge treatment are expected to drive this market. However, higher production cost of thermoplastic pipes across oil and gas sector coupled with elevating safety concerns are anticipated to hamper the thermoplastic pipes market. Moreover, elevating engineering thermoplastic materials acceptance and developing sizably voluminous diameter pipe applications are likely to provide better opportunities for this market in upcoming years.
Geographically, the thermoplastic pipes market is segmented into North America, Europe, Asia Pacific, and LAMEA (Latin America, Middle East and Africa). The major growth factors for thermoplastic pipes market in Asia-Pacific region are the presence of emerging nations such as China, India, Japan, and South Korea. Increasing oil & gas demands due to high population rate, growing automotive industries, and the chemical industry market are some of the factors driving the growth of the market. However, Middle East & African region is also expected to display healthy growth in thermoplastic pipes market due to the presence of global leaders in oil & gas refineries and heavy extraction of gasoline.
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Recent Developments:In October 2017, Airborne Oil & Gas and Marubeni-Itochu Steel companies have announced collaboration on manufacturing thermoplastic composite pipe products and signed a worldwide distribution agreement for the promotion and sale of Thermoplastic Composite Pipe products.
In January 2018, Magma Global m-pipe Company achieves qualification for a subsea pipe product, commonly used for offshore oil & gas operations.
Global Thermoplastic Pipes Market Segmentation:
• Poly Vinyl Chloride (PVC)
• Polypropylene (PP)
• Polyethylene (PE)
• Polyamide (PA)
• Polyvinylidene Fluoride (PVDF)
• Oil & Gas
• Mining & Dredging
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
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