Thermoplastic Pipe Market to Witness Robust Expansion by 2028

The global thermoplastic pipe market is anticipated to grow at a CAGR of around 4.5% during the forecast period. The major factor that is accelerating the growth of the global thermoplastic pipe market includes the presence of prominent market players serving end-user industries with their innovative product developments. For these, the players are also incorporating market strategies such as collaboration, mergers and acquisitions, and business expansion in order to serve the customer better. For instance, in January 2021, Baker Hughes launched its next generation Onshore Composite Flexible Pipe for the energy, oil and gas, and industrial sectors. The launched this product to address the corrosion and cost of ownership challenges with conventional steel pipe in these sectors. The new product launch by the company is the result of its strategic investments for growth in innovative non-metallic materials. Furthermore, in March 2022, GF Piping Systems expanded its product offering with the launch of a range of polyethylene pipes and fittings for use in industrial applications and water and wastewater treatment.

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Additionally, in October 2021, TechnipFMC acquired Magma Global (Magma), one of the leading providers of composite pipe technology to support the energy transition. Through this acquisition, TechnipFMC accelerated the development of breakthrough composite pipe technologies for conventional energy and co2 applications.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

• By Product Type

• By Polymer Type

• By End-Use Industry

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

• Competitive Landscape- NOV Ltd., Wienerberger AG, Technip FMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, among others.

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Thermoplastic Pipe Market Report by Segment

By Product Type

• Reinforced Thermoplastic Pipes

• Thermoplastic Composite Pipes

By Polymer Type

• Polyethylene

• Polypropylene

• Polyvinylidene Fluoride

• Polyvinylchloride

By End-Use Industry

• Oil And Gas

• Water And Wastewater

• Mining And Dredging

• Utilities And Renewable

• Others

Thermoplastic Pipe Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Advanced Drainage Systems Inc.

• Aetna Plastics Corp.

• AGRU Kunststofftechnik Gesellschaft M.B.H

• Airborne Oil & Gas B.V.

• Baker Hughes Co.

• Chevron Phillips Chemical

• Finolex Industries Ltd.

• FRANK GmbH

• Georg Fischer Piping Systems Ltd.

• IPEX Inc.

• KWH Pipe

• National Oilwell Varco, L.P.

• PES.TEC

• Prysmian S.p.A.

• Simtech, Inc.

• Technip S.A

• Uponor Corp.

• Wienerberger

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