Thermoplastic Pipe Market Size, Share, Analysis, Regional Outlook and Forecast 2021-2026

According to the new market research report, the thermoplastic pipe market is expected to grow from an estimated USD 2.7 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 4.5% during the forecast period. The increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and onshore production activities is the main driver for the thermoplastic pipe market. The growing deep and ultra-deepwater oil & gas exploration and production activities are expected to provide lucrative opportunities for the thermoplastic pipe market during the forecast period

Key Market Players:

A few major players that have a wide regional presence dominate the thermoplastic pipe market. The leading players in the thermoplastic pipe market include NOV (US), Wienerberger (Austria), TechnipFMC (UK), Georg Fischer (Switzerland), and Advanced Drainage Systems (US). The major strategies adopted by these players include new product launches, sales contracts, agreements, expansions, acquisitions, joint ventures, collaborations and investments.

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The thermoplastic pipe market has promising growth potential due to the increasing use of engineered thermoplastic materials in manufacturing pipes. The engineering grades of thermoplastic materials, such as polyamide (PA), polyethylene (PE), and polyvinylidene fluoride (PVDF), are gaining increased acceptance in niche oil & gas applications as well. Additional properties such as better chemical, corrosion, and wear resistance, light weight, cost-effectiveness, and acceptable mechanical properties compared with metals have made thermoplastics a viable option for various applications, including water transport and distribution, effluent water disposal, high-pressure water injection, seawater intake and discharge, chemical injections, and transport of oil, gas, water, and wastewater in the oil & gas industry.

This research report categorizes the thermoplastic pipe market based on Product Type, Polymer Type, End-User Industries, Application, and geography.
Based on Product Type, the thermoplastic pipe market has been segmented as follows:

Reinforced Thermoplastic Pipes (RTP)
Thermoplastic Composite Pipes (TCP)

Based on Polymer Type, the thermoplastic pipe market has been segmented as follows:

Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene Fluoride (PVDF)
Polyvinyl Chloride (PVC)
Others

Based on End-User Industry, the thermoplastic pipe market has been segmented as follows:

Oil & Gas
Water & Wastewater
Mining & Dredging
Utilities & Renewables

Based on Application, the thermoplastic pipe market has been segmented as follows:

Onshore
Offshore

Based on the Geography, the thermoplastic pipe market has been segmented as follows:

North America
Asia Pacific
South America
Europe
Middle East & Africa

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Asia Pacific is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the thermoplastic pipe market. The growth of the Asia Pacific market is driven by urbanization and industrialization growth along with increasing mining activities in China, Australia, and India.

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This release was published on openPR.