Thermoplastic pipe market is anticipated to grow at a CAGR of 4.5% during the forecast period. The factors such as rising demand for thermoplastic pipes in offshore and onshore production activities, and high adoption of thermoplastic in end-user industries such as municipal corporations, mining & dredging, and others are accelerating the growth of the thermoplastic pipe market. The application of thermoplastic pipes in offshore products like risers and flowlines will be driving this market. The growth of infrastructure, the building of new cities, and increasing mining activities across the globe have also boosted the sales of thermoplastic pipes. With increasing urbanization and population, the demand and consumption of water have increased due to which new water treatment plants are being developed by the government which has increased the installation of thermoplastic pipes. The European Investment Bank (EIB), the bank of the European Union, invested $19.8 million in the construction of a new wastewater treatment plant and the rehabilitation and extension of the existing wastewater collection system in the municipality of Mitrovica. The project will provide access to modern sanitation services to more than 213 000 people while protecting the environment and public health. Such initiatives are likely to bring new growth prospects to the market in the upcoming years.
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Among the product type, the reinforced thermoplastic pipes segment will dominate in the market by accounting high market share. The utilization of reinforced thermoplastic pipes (RTP) in the oil and gas sector to replace medium-pressure steel pipes. In addition, RTP has been primarily used in the upstream oil and gas industry for a variety of applications including oil collection, gas gathering, water injection, and water disposal, thereby driving the segment growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Thermoplastic Pipe Market by Product Type
- Reinforced Thermoplastic Pipes
- Thermoplastic Composite Pipes
Global Thermoplastic Pipe Market by Polymer Type
- Polyethylene
- Polypropylene
- Polyvinylidene Fluoride
- Polyvinylchloride
Global Thermoplastic Pipe Market by End-Use Industry
- Oil and Gas
- Water and Wastewater
- Mining and Dredging
- Utilities & Renewable
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
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.
- TEC
- Prysmian S.p.A.
- Simtech, Inc.
- Technip S.A
- Uponor Corp.
- Wienerberger
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermoplastic pipe market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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