Thermoplastic Pipe Market

According to a new report published by xResearch, titled, “Thermoplastic Pipe Market 2022– Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global thermoplastic pipe market size is anticipated to witness moderate growth during the forecast period i.e.2022-2030.

 

Various factors such as the high adoption of thermoplastics pipes in a wide number of applications due to their excellent and advantageous properties, the fast-paced growth of the end-user industries, the increasing number of oil and gas offshore drilling practices worldwide, the surging acceptance of engineered thermoplastic material, the enhancing demand for high energy across the globe are among other major factors driving the growth of the global thermoplastic pipe market.

 

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Some of the major thermoplastic pipe companies profiled in the report include Uponor Corporation, Pipelife Nederland BV, Airborne Oil & Gas BV, Advanced Drainage Systems , TechnipFMC, NOV, Strohm, Baker Hughes Company, Wienerberger, and Chevron Philips Chemical Company.

 

The global thermoplastic pipe market is segmented into product type, polymer type, end-user industry, application, and region. Based on product type, the market is bifurcated into reinforced thermoplastic pipes (RTP) and thermoplastic composite pipes (TCP). Based on polymer type, it is classified into polyethylene (PE), polypropylene (PP), polyvinylidene fluoride (PVDF), polyvinyl chloride (PVC), and others. Based on end-user industry, it is classified into oil & gas, water & wastewater. Mining & dredging, and utilities & renewables. Based on application, it is classified into onshore and offshore.

 

According to product type, the reinforced thermoplastic pipes (RTP) segment acquired the largest share of the global thermoplastic pipes market in 2021. The segment is projected to continue to lead the market during the forecast period of 2022-2030. The proliferating usage of RTPs in the water & wastewater treatment industry is the key factor attributed to the large share of this segment.

 

According to polymer type, the polyethylene (PE) segment dominated the global thermoplastic pipe market in 2021. The segment is estimated to retain its dominance further and attain the highest CAGR in the market during the forecast period of 2022-2030. According to end-user industry, the oil & gas segment led the thermoplastic market in 2021. The segment’s position is expected to remain consistent during the forecast period owing to the rising usage of thermoplastic pipes in the oil & gas sector for different applications. According to application, the onshore segment led the thermoplastic market in 2021. The trend is anticipated to remain the same throughout the forecast period of 2022-2030.

 

Geographically, the Asia Pacific region accounted for the largest share in the global thermoplastic pipes market in 2021, followed by North America and Europe. The region is slated to continue to dominations register the highest CAGR in the market during the forecast period of 2022-2030. Countries such as India, China, Japan, and Australia stand as the key contributors to the growth of the market in the region. On the other hand, the Latin America and the Middle East & Africa regions are expected to experience robust growth in the thermoplastic pipe market during the forecast period due to the increasing adoption of thermoplastic pipes for water transportation and the growing number of oil and gas exploration activities in the regions.

 

The global thermoplastic pipe market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Thermoplastic Pipe Market

  • On the basis of product type, the reinforced thermoplastic pipes (RTP) segment acquired the largest share of the global thermoplastic pipes market in 2021. The segment is projected to continue to lead the market during the forecast period of 2022-2030.
  • On the basis of polymer type, the polyethylene (PE) segment dominated the global thermoplastic pipe market in 2021. The segment is estimated to retain its dominance further and attain the highest CAGR in the market during the forecast period of 2022-2030.
  • On the basis of end-user industry, the oil & gas segment led the thermoplastic market in 2021. The segment’s position is expected to remain consistent during the forecast period.
  • On the basis of application, the onshore segment led the thermoplastic market in 2021. The trend is anticipated to remain the same throughout the forecast period of 2022-2030.
  • On the basis of region, the Asia Pacific region accounted for the largest share in the global thermoplastic pipes market in 2021, followed by North America and Europe. The region is slated to continue to dominate and register the highest CAGR in the market during the forecast period of 2022-2030.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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