Press release
Thermoplastic Pipe Global Market Expected to Grow $3.78 Billion at a CAGR of 5.4% By 2027 | TechnipFMC plc, Georg Fischer Ltd., Prysmian Group, Uponor Corporation, Wienerberger AG
Thermoplastic Pipe Market
The Business Research Company's Thermoplastic Pipe Global Market Report 2023 identifies the 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 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 market size of global thermoplastic pipes market is expected to reach $3.78 billion in 2027 at a CAGR of 5.4%.
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Major players in the thermoplastic pipe market are 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, Baker Hughes Company, NOV Inc., IPEX Inc., Aetna Plastics Corp, Shawcor Ltd., and Pes-Tec Germany.
Product innovations are the key trend gaining popularity in the thermoplastic pipe market. Major companies operating in the market are developing innovative thermoplastic pipes with advanced features such as fire and corrosion resistance, lightweight construction, integrated reinforcement layers, unique end-uses, and others to sustain their position in the market.
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The Thermoplastic Pipe Market Is Segmented -
• 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.
The Business Research Company's "Global Thermoplastic Pipe Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
.....
26. Africa Thermoplastic Pipe Market
27. Thermoplastic Pipe Market Competitive Landscape And Company Profiles
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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