Thermoplastic Pipe Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Thermoplastic Pipe Market is worth US$ 2,700.0 Mn in 2022. The market value of thermoplastic Pipe is expected to reach US$ 4,200.0 Mn by the year 2032, growing at a CAGR of 4.5% over the forecast period.
The market is rapidly expanding due to the increasing application of thermoplastic composite pipes in offshore and onshore production activities, and the growing adoption of thermoplastic pipes across the sectors like municipal corporations, mining, and dredging are some of the major factors driving the growth of the Global Thermoplastic Pipe Market
ChemView Consulting has analyzed that thermoplastic Pipe seeks demand due to their low cost and superior chemical resistance; thermoplastic pipes constructed of engineering thermoplastic grades like polyethylene (PE) and polyvinyl chloride (PVC) have been utilized widely.
The main factors contributing to the increase in demand are strong abrasion resistance, low flammability, and decreased emission of smoke and harmful gases.
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Segments Covered in Report
By Product:
- Reinforced Thermoplastic Pipes (RTP)
- Thermoplastic Composite Pipes (TCP)
By End-Use:
- Oil & Gas
- Water & Wastewater
- Mining & Dredging
- Utilities & Renewable
By Application:
- Onshore
- Offshore
By Polymer Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene Fluoride (PVDF)
- Polyvinyl Chloride (PVC)
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Thermoplastic Pipe Market
- Based on the product, RTPs are increasingly used in the water and wastewater treatment sector, which is projected to increase international demand.
- Based on the polymer type, Polyethylene (PE), which is lightweight, flexible, and simple to weld, is anticipated to see increased demand in the thermoplastic pipe industry.
- The highest market share of 33.0% for thermoplastic pipes now belongs to the Asia Pacific region. Urbanization and industrialization are the main causes of this area’s increasing thermoplastic pipe sales.
Competition Summary
Key companies covered in the market study are Advanced Drainage Systems, TechnipFMC, NOV, Strohm, Baker Hughes Company, Wienerberger, Chevron Philips Chemical Company, Prysmian Group, Georg Fischer, Shawcor, IPEX, and PES.TEC, Saudi Arabian Amiantit, Simtech Process Systems, and Uponor Corporation.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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