Market Size of Thermoplastic Pipe Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thermoplastic Pipe Market Analysis
The thermoplastic pipe market is expected to grow at a CAGR of over 3% during the forecast period of 2020-2025. The service cost of maintaining a pipeline can be reduced by using thermoplastic pipes, that are cheaper in prices, takes less time to install, and are corrosion resistant. The major driver of the market is the increasing demand for non-corrosive pipelines in the oil & gas industry and increasing uses in the municipal sector, majorly in the Asia-Pacific region. However, the unpredictable failure of thermoplastic pipes, especially in the oil & gas sector is expected to hinder the market growth in the coming years.
- Oil & Gas is one of the prominent sectors that is using thermoplastic for oil & gas transportation. High corrosion on the conventional pipes, attracts the oil & gas operators to move towards thermoplastic pipes.
- Thermoplastic pipes are non-corrosive and don't require any kind of maintenance. With the increasing rate of oil & gas activities around the world, especially in the offshore sector, there is much possibility of uses of thermoplastic pipes to have lower maintenance charges than the conventional pipes. Furthermore, the involvement of high corrosive fluid during enhance oil recovery (EOR) require regular maintenance of conventional pipes. Replacement of EOR pipelines with the thermoplastic pipe is expected to create an opportunity as well.
- The Asia Pacific is dominating the thermoplastic market, with a higher rate of thermoplastic pipes for water transportation. Moreover, with the growing oil & gas activities, the region is expected to dominate the market in the forecast period as well.
Thermoplastic Pipe Industry Segmentation
The thermoplastic pipe market report include:
| Polymer Type | |
| Poly Vinyl Chloride (PVC) | |
| Polyvinylidene fluoride (PVDF) | |
| Polyethylene (PE) | |
| Polypropylene (PP) | |
| Others |
| Application | |
| Oil & Gas | |
| Chemical | |
| Municipal | |
| Mining | |
| Others |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle-East and Africa |
Thermoplastic Pipe Market Size Summary
The thermoplastic pipe market is poised for significant growth, driven by its cost-effectiveness, ease of installation, and resistance to corrosion, making it an attractive alternative to conventional metallic pipes. The oil and gas industry, in particular, is a major consumer of thermoplastic pipes due to the high corrosion rates of traditional materials, which necessitate regular maintenance. The Asia-Pacific region is a key player in this market, largely due to its burgeoning oil and gas activities and the increasing demand for non-corrosive pipelines in municipal water transportation. Despite the advantages, the market faces challenges such as the unpredictable failure of thermoplastic pipes, especially in critical applications within the oil and gas sector, which could impede growth.
The market landscape is characterized by a diverse range of players, including Pipelife Nederland BV, Airborne Oil & Gas BV, and Future Pipe Industries, among others. These companies are instrumental in driving innovation and expanding the application of thermoplastic pipes across various sectors. The growing urbanization in the Asia-Pacific region, coupled with the rising demand for efficient water and energy transportation solutions, is expected to further bolster the market. PVC and polyethylene pipes are particularly favored for water and oil and gas transportation, respectively, due to their durability and versatility. As the global urban population continues to rise, the demand for thermoplastic pipes is anticipated to increase, offering substantial opportunities for market participants.
Thermoplastic Pipe Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Thermoplastic Pipe Market in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Polymer Type
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2.1.1 Poly Vinyl Chloride (PVC)
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2.1.2 Polyvinylidene fluoride (PVDF)
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2.1.3 Polyethylene (PE)
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2.1.4 Polypropylene (PP)
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2.1.5 Others
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2.2 Application
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2.2.1 Oil & Gas
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2.2.2 Chemical
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2.2.3 Municipal
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2.2.4 Mining
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2.2.5 Others
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2.3 Geography
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2.3.1 North America
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2.3.2 Asia-Pacific
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2.3.3 Europe
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2.3.4 South America
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2.3.5 Middle-East and Africa
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Thermoplastic Pipe Market Size FAQs
What is the current Thermoplastic Pipe Market size?
The Thermoplastic Pipe Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Thermoplastic Pipe Market?
Pipelife Nederland BV, Airborne Oil & Gas BV, Master Tech Company FZC, Future Pipe Industries and AMIANTIT Service GmbH are the major companies operating in the Thermoplastic Pipe Market.
