Thermoplastic Pipe Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Thermoplastic pipes are non-corrosive pipes that do not need any maintenance. These pipes are mainly used to reduce the installation and service cost of maintaining pipelines as they are cheaper in prices and also take relatively less time to install. The global thermoplastic pipe market includes players engaged in developing and launching various thermoplastic pipes for different applications across several end-user verticals. The market is estimated to expand at a compounded annual growth rate (CAGR) of 3.5% during the forecast period of 2022-2030.

 

Growth Drivers:

The advantageous properties of thermoplastics, such as high chemical resistance, flexibility, superior strength, corrosion & wear resistance, lightweight, cost-effectiveness, low installation and maintenance cost, excellent flow characteristics, and ability to operate at a higher temperature, enable them to be used in various applications including seawater intake and discharge, chemical injections, water transport and distribution, water disposal, high-pressure water injection, and transport of oil, gas, water, and wastewater in the oil & gas industry. The rapid expansion of these end-user industries and the rising oil and gas offshore drilling practices are expected to fuel the growth of the thermoplastic pipe market during the forecast period.

Over the years, the usage of various engineered thermoplastic materials has been growing in the manufacturing process of pipes. Moreover, the acceptance of grades of these materials, such as polyethylene (PE), polyamide (PA), and polyvinylidene fluoride (PVDF), is also increasing across various end-user industries. This factor is also aiding in the growth of the global thermoplastic pipe market.

Furthermore, factors such as the developing large diameter pipe applications, the rising number of horizontal wells during oil and gas activities, the increasing demand for high energy, and the increased application of thermoplastic composite pipes & reinforced thermoplastic pipes in offshore and onshore production activities are among other factors primarily contributing to the growth of the global thermoplastic pipe market.

However, factors such as the high costs involved during the manufacturing of thermoplastic pipes, the burgeoning safety issues coupled with the unpredictable failure of thermoplastic pipes, especially in the oil & gas sector, are expected to hinder the growth of the global thermoplastic pipe market during the forecast period of 2022-2030.

Thermoplastic Pipe Market Segmentation:

By Product Type:

·         Reinforced Thermoplastic Pipes (RTP)

·         Thermoplastic Composite Pipes (TCP)

 

By Polymer Type:

·         Polyethylene (PE)

·         Polypropylene (PP)

·         Polyvinylidene Fluoride (PVDF)

·         Polyvinyl Chloride (PVC)

·         Others

 

By End-User Industry:

·         Oil & Gas

·         Water & Wastewater

·         Mining & Dredging

·         Utilities & Renewables

 

By Application:

·         Onshore

·         Offshore

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Thermoplastic Pipe Market: Product Type Review: -

Based on product type, the global thermoplastic pipe market is segmented into reinforced thermoplastic pipes (RTP) and thermoplastic composite pipes (TCP).  The reinforced thermoplastic pipes (RTP) segment captured the largest share of the global thermoplastic pipes market in 2022. The segment is expected to retain is dominance in the market during the forecast period of 2022-2030. The extensive usage of RTPs in the water & wastewater treatment industry is the major factor attributed to the large share of this segment.

 

Thermoplastic Pipe Market: Polymer Type Review: -

Based on polymer type, the global thermoplastic pipes market is segmented into polyethylene (PE), polypropylene (PP), polyvinylidene fluoride (PVDF), polyvinyl chloride, and others. The polyethylene (PE) segment held the largest share of the global market in 2022. The segment is positioned to continue to lead the market and achieve the highest growth during the forecast period of 2022-2030. The predominant factors ascribed to the high growth of this segment is the high demand for this particular polymer type due to its excellent properties, including high flexibility, lightweight, and ease to weld.

 

Thermoplastic Pipe Market: End-user Industry Review: -

Based on end-user industry, the global thermoplastic pipes market is segmented into oil & gas, water & wastewater, mining & dredging, and utilities & renewables. The oil & gas segment commanded the global market in 2022. The trend is expected to remain the same during the forecast period due to the increasing usage of thermoplastic pipe in the oil & gas sector for various applications, including a gas pipeline under domestic uses and as an alternative to conventional pipes.

 

Thermoplastic Pipe Market: Application Review: -

Based on application, the global thermoplastic pipes market is segmented into onshore and offshore. The onshore segment led the global market in 2022. The segment position is anticipated to remain unchanged during the forecast period of 2022-2030. The proliferating usage of thermoplastic pipes in the onshore industry for several applications, including transportation, high-pressure water injection pipelines, and, others is the major factor driving the growth of this particular segment.

 

Regional Outlook:

The thermoplastic pipe research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.

 

The Asia Pacific region acquired the largest share of the global thermoplastic pipes market in 2022, followed by North America and Europe, respectively. The region is poised to remain dominant and also achieve the highest growth rate in the market during the forecast period. The growing urbanization and industrialization in the region's major economies give a tremendous rise to the number of mining activities. This, along with the increasing number of oil and gas activities and projects, the expanding chemical industries, and the surging demand for water transport and energy due to the ever-growing population base, is propelling the need and use of thermoplastic pipes. This, in turn, is aiding in the expansion of the market in the region. India, China, Japan, and Australia are the leading contributors to the growth of the market in the region.

 

The Latin America and the Middle East & Africa regions are predicted to register swift growth in the thermoplastic pipe market during the forecast period owing to the growing adoption of thermoplastic pipes for water transportation, the high number of oil and gas exploration activities in the regions, and the high investments by leading market players in the regions.

 

The report also identifies the country market outlook for thermoplastic pipe, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Thermoplastic Pipe Market:

The research report offers a competitive analysis of prominent companies operating in the global thermoplastic pipe market. Some of the leading players profiled in the market research report include:

·         Uponor Corporation

·         Pipelife Nederland BV

·         Airborne Oil & Gas BV

·         Advanced Drainage Systems

·         TechnipFMC

·         NOV

·         Strohm

·         Baker Hughes Company

·         Wienerberger

·         Chevron Philips Chemical Company

·         Prysmian Group

·         Georg Fischer

·         Shawcor

·         IPEX

·         PES.TEC

·         Saudi Arabian Amiantit

·         Simtech Process Systems

·         Master Tech Company FZC

·         Future Pipe Industries

·         Other Players