Thermoplastic Pipe Market Research Report

Thermoplastic Pipe Market Research Report

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Thermoplastic Pipe Market

GMI Research anticipates that the Thermoplastic Pipe Market to witness a significant Compound Annual Growth Rate over the forecast period (2020-2027).

The major factor driving the growth of Thermoplastic Pipe Market includes its low maintenance cost, excellent, corrosion resistance, low thermal conductivity and optimal flow rates which helps in saving time. As per the report by Airborne Group, approximately 50% of leakage issues are caused by corrosion, which will increase the demand for Thermoplastic Pipes in the future. The increasing use of pipes for oil transportation in the oil & gas industry will increase the Thermoplastic Pipe Market size because it helps in preventing leakage from pipelines. The growing focus towards developing renewable energy resources and emerging need to replace high-corrosive traditional pipes in the municipal sector for water delivery, will boost the demand for thermoplastic pipes in the coming years.

Some of the prominent players operating in the market are Chevron Phillips Chemical Company LLC, MAGMA GLOBAL LTD., Georg Fischer Ltd., Advanced Drainage Systems, Inc., National Oilwell Varco, Strohm, Prysmian Group, Wienerberger AG, SHAWCOR, Prysmian Group among others.

Polymer Type – Segment Analysis

Based on the polymer type, the polyethylene (PE) segment is anticipated to grow at a faster CAGR over the forecast period because it helps in improving the temperature resistivity of the material. In addition, the increasing demand for polyethylene pipes in adverse environment has boosted the growth of Thermoplastic Pipe Market.

Application – Segment Analysis

Based on application, the oil & gas segment is anticipated to grow at a faster CAGR over the forecast period. Thermoplastic pipes put on low-cost maintenance and can be easily installed at the operational sites, these features will accelerate the growth of oil & gas segment in the global thermoplastic pipe market.

Region – Segment Analysis

Based on the region, Asia-Pacific is projected to witness a significant CAGR during the forecast period due to increasing industrialization and mining activities, followed by growing demand for water transport in the region. In addition, the rising use of gas as a fuel is boosting the market growth in the region, as per the report published by IBEF, Consumption of natural gas in India is anticipated to grow by 25 billion cubic meters, recording an average annual growth of 9% until 2024, which will boost the market growth in the region.

Market Segmentation

Global Thermoplastic Pipe Market by Polymer Type

·         Polyethylene (PE)

·         Polypropylene (PP)

·         Polyvinylidene Fluoride (PVDF)

·         Polyvinyl Chloride (PVC)

·         Others

Global Thermoplastic Pipe Market by Application

·         Oil & Gas

·         Water & Wastewater

·         Mining & Dredging

·         Utilities & Renewables

Global Thermoplastic Pipe Market by Region

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC


·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland



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