Press release
Thermoplastic Pipe Market to Witness Huge Growth by Key Players: Advanced Drainage Systems, TechnipFMC, National Oilwell Varco, Magma Global, Baker Hughes Company, Chevron Philips Chemical Company
Global Thermoplastic Pipe Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.Get Free Sample Report in PDF Format @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=311895
The global thermoplastic pipe market size is estimated to be USD 2.8 billion in 2020 and projected to reach USD 3.6 billion by 2025, at a CAGR of 5.2% from 2020 to 2025. This report spread across 140 Pages, Profiling 20 Companies and Supported with xx Tables and xx figures are now available in this research.
Top Companies Profiled in the Thermoplastic Pipe Market: Advanced Drainage Systems (Ohio, US), TechnipFMC (London,UK), National Oilwell Varco (Texas, US), Airborne Oil & Gas (The Netherlands), Magma Global (Portsmouth, UK), Baker Hughes Company (Texas, US), Chevron Philips Chemical Company (Texas, US), Prysmian (Milan, Italy), Georg Fischer (Switzerland), Shawcor (Toronto, Canada), and Uponor Corporation (Vantaa, Finland).
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"The oil & gas segment is the largest and the fastest growing thermoplastic pipe market during the forecast period"
The oil & gas segment is anticipated to constitute the majority of the thermoplastic pipe market share. Oil & gas segment uses thermoplastic pipes for various applications. There is a growing adoption of the thermoplastic composite pipe due its numerous cost-saving advantages over conventional pipe. Despite the higher cost of material of a PVDF and PE pipes, a 30% saving on installation cost can be easily achieved. These advantages and benefits of using thermoplastic pipe is expected to drive its demand in the oil & gas industry globally.
"The reinforced thermoplastic pipe (RTP) segment is projected to dominate the thermoplastic pipe market during the forecast period"
The reinforced thermoplastic pipe (RTP) is predicted to dominate the thermoplastic pipe market. RTP is mainly used in onshore applications sometimes offshore in very shallow water of about 30 meters depth. RTP is Majorly used in water & wastewater, mining, utilities & renewables applications. With the growing mining sector in China, Brazil, and Australia, and the stringent water & wastewater treatment regulations in the countries like Germany, UK, Canada, Mexico, and others. The demand for reinforced thermoplastic pipe is gaining momentum.
"South America is expected to grow at the highest CAGR from 2020 to 2025"
South America is growing with the highest CAGR for thermoplastic pipe market during the forecast period, followed by North America & Asia Pacific. Continuously increasing investments by foreign countries in the Venezuela, and Brazilian oil & gas industry is likely to drive the demand for thermoplastic pipe in the region.
Competitive Landscape of Thermoplastic Pipe Market:
1. Introduction
2. Market Share Analysis
3. Competitive Scenario
4. Competitive Leadership Mapping
Research Coverage:
The report defines, describes, and forecasts the thermoplastic pipe market based on application, product type, polymer type, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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