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Thermoplastic Pipe Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Thermoplastic Pipe Market was worth US$ 2,700.0 Mn and is expected to grow at a CAGR of 4.5% over the forecast period. The market is expected to hit US$ 4,200.0 Mn by 2032 end.
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.
Market Dynamic
THE HIGHLY EFFICIENT PROPERTIES OF THERMOPLASTIC PIPES FUEL THE MARKET
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. Due to their high cost, higher grades of thermoplastics, including polyether ether ketone (PEEK), are sometimes used in wirelines and seals. These pipes have high raw material and fabrication costs but also have strong abrasion resistance, low flammability, and decreased emission of smoke and harmful gases.
HIGH RAW MATERIAL COSTS AND THE NEED FOR A SPECIALIZED WORKFORCE HAMPER THE MARKET GROWTH
Fabricators of thermoplastic composite pipes for the oil and gas sector typically have to buy raw materials (polymer) directly from the producers to meet the operational needs of oil firms and the standards set by suppliers. Thermoplastic composite pipes must be modified depending on the end-use circumstances, such as pressure, temperature, and corrosion.
The alterations are often made to the polymer composition or the processing conditions, which can only be done if the pipe fabricator and the polymer producer work closely together. Due to this standardized restriction, it is challenging to manufacture composite pipes on a wide scale, raising the price of thermoplastic lines.
COVID-19 Impact
The COVID-19 pandemic outbreak has harmed the international economy since lockdowns have to be implemented by governments all around the world to stop the virus from spreading. The transportation of oil and gas was impeded as a result. The COVID-19 epidemic immediately affected the supply of thermoplastic pipes used to carry oil and gas to end users’ sites by reducing the demand for crude oil. The epidemic has also disrupted the water treatment industry, which relies heavily on thermoplastic pipes.
Market Segments Covered in Report
By Product:
By End-Use:
By Application:
By Polymer Type:
By Region and Country:
Segment-Wise Analysis
What distinct qualities of reinforced thermoplastic pipes lead to market growth?
RTPs differ from TCPs in that they are employed in applications requiring lower temperature requirements and lower pressure ratings (up to 70 bar). RTPs are typically utilized on land and occasionally employed offshore in shallow water (less than 30 meters of depth). RTPs are increasingly being used in the water and wastewater treatment sector, which is projected to increase international demand.
Which segment of the polymer market is anticipated to have high utilization?
The cross-linked structure of polyethylene improves the material’s tensile strength and temperature resistance. It makes it possible to specify the content for usage in harsher conditions at lower and higher temperatures. Polyethylene (PE), which is lightweight, flexible, and simple to weld, is anticipated to see increased demand in the thermoplastic pipe industry.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
The market for thermoplastic pipes is enormous, and the product has to expand uses across several sectors. As a result, manufacturers find the market to be a gold mine. Each major company has a different USP and marketing plan to introduce its goods to the market.
Some of the key developments that have taken place in the Thermoplastic Pipe Market include:
A list of some of the key suppliers present in the market are:
Global Thermoplastic Pipe Market 2022-2032: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Product, End-Use, Application, Polymer Type, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.
The thermoplastic pipe market is primarily driven by the growing use of reinforced thermoplastic pipes and thermoplastic composite pipes in onshore and offshore manufacturing operations.
Major global Thermoplastic Pipe Market players 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.
The expense of PEEK or polyphenylene sulfide (PPS) composite pipes, which are unsuited for goods like pipes because they cost 20–100 times more than steel, is a major impediment to the expansion of the thermoplastic pipe business.
The Asia Pacific region is expected to account for the largest market revenue share in the Global Thermoplastic Pipe market.
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