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Thermoplastic Pipe Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Advanced Drainage Systems Inc., Saudi Arabian Amiantit Co, TechnipFMC plc, Georg Fischer Ltd., Prysmian Group
Thermoplastic Pipe Market
Thermoplastic Pipe Market Size, Growth Rate, And Forecast
The global thermoplastic pipes market is expected to grow from $2.88 billion in 2022 to $3.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The thermoplastic pipes market is expected to reach $3.78 billion in 2027 at a CAGR of 5.4%.
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Thermoplastic Pipe Market Drivers
Increasing demand from the oil and gas industry for corrosion-resistive is expected to propel the growth of the thermoplastic pipe market going forward. Pipeline corrosion is the oxidation and electrochemical disintegration of a pipe's structure. The use of thermoplastics in the production and transportation of oil and gas is emerging as a practical and reliable corrosion-mitigation solution. These pipelines are lighter and more resistant to corrosion than metals, allowing oil and gas corporations to explore and produce from deeper offshore oilfields.
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Thermoplastic Pipe Market Segments
• By Product Type: Reinforced Thermoplastic Pipes (RTP), Thermoplastic Composite Pipes (TCP)
• By Polymer Type: Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyvinyl Chloride (PVC), Other Polymer Types
• By Application: Onshore, Offshore
• By End-User: Oil And Gas, Water And Wastewater, Mining And Dredging, Utilities And Renewables
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Thermoplastic Pipe market.
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Thermoplastic Pipe Market Key Players
Major competitors in the Thermoplastic Pipe market include Advanced Drainage Systems Inc., Saudi Arabian Amiantit Co, TechnipFMC plc, Georg Fischer Ltd., Prysmian Group, Chevron Phillips Chemical Company LLC, Uponor Corporation, Wienerberger AG, Strohm BV
The Business Research Company's "Global Thermoplastic Pipe Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Thermoplastic Pipe Market Include:
1. Executive Summary
2. Thermoplastic Pipe Market Characteristics
3. Thermoplastic Pipe Market Trends And Strategies
4. Thermoplastic Pipe Market - Macro Economic Scenario
5. Thermoplastic Pipe Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Thermoplastic Pipe Market
29. Thermoplastic Pipe Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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