Press release
Thermoplastic Pipe Global Market Anticipates Growth to $4.42 Billion by 2029, Driven by Increasing Adoption in Oil & Gas Industry and Emerging Trends
Thermoplastic Pipe Global Market
Projected to grow at a CAGR of 6.7%, the global thermoplastic pipe market shows encouraging signs of strong growth influenced by regulatory changes, infrastructure development, economic conditions, and environmental concerns.
What Is The Projected Market Size Of The Thermoplastic Pipe Global Market And Its Growth Rate?
• The thermoplastic pipe market witnessed solid growth recently, growing from $3.21 billion in 2024 to $3.41 billion in 2025 at a CAGR of 6.1%.
• Projected to further surge to $4.42 billion in 2029 at a CAGR of 6.7%.
• Growth factors over the forecast period include increasingly growing oil and gas industry, rising adoption of renewable energy, increasing usage of thermoplastic pipes, and government regulations for safely transporting oil and natural gases.
What Is Driving The Growth In The Thermoplastic Pipe Global Market Report 2025?
The thermoplastic pipe market is seeing growth driven by increasing demand from the oil and gas industry for corrosion-resistive. These pipelines are becoming a reliable solution for combating corrosion, particularly in the production and transportation of oil and gas. For example, the Association for Materials Protection and Performance (AMPP) reported in January 2023 that the annual cost of corrosion to the oil and gas sector in the United States is estimated to be $27 billion, while globally, the cost is over $60 billion.
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Who Are the Key Players Driving Thermoplastic Pipe Global Market Report 2025 Growth?
• Baker Hughes Company
• Prysmian Group
• Chevron Phillips Chemical Company LLC
• Uponor Corporation
• National Oilwell Varco, Inc
• TechnipFMC plc
• Wienerberger AG
• Georg Fischer Ltd
• Mueller Industries, Inc.
• GF Piping Systems
• Inteplast Group
• Advanced Drainage Systems Inc
• JM Eagle Inc.
• Shawcor Ltd
• Pipelife
• IPEX Inc
• Pes-Tec Germany
• Nibco Inc.
• Saudi Arabian Amiantit Co
• Strohm BV
• Aetna Plastics Corp
• Pexmart CC
• Wavin India Pipes and Fittings Manufacturing Private Limited
• Polyplastic
• Algriplast
• National Material Company
• Plasti-Fab Inc.
• Genova Industries
• Corzan Piping Systems
• Sioux Group
What Are The Key Trends In The Thermoplastic Pipe Global Market Report 2025?
Key trends projected in the forecast period include:
• Material advancements
• Hybrid solutions and composites
• Adoption of advanced manufacturing techniques
• Innovation and competition
What Are The Segments Of The Global Thermoplastic Pipe Global Market Report 2025?
• 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
Which Region Leads The Thermoplastic Pipe Global Market Report 2025?
In 2024, Asia-Pacific led the thermoplastic pipes market in terms of market share. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Thermoplastic Pipe Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Thermoplastic Pipe Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Thermoplastic Pipe Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Thermoplastic Pipe Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Thermoplastic Pipe Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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