Thermoplastic Pipe Market

The Global Thermoplastic Pipe Market is valued at USD 3.04 Billion in 2021 and is expected to reach USD 4.34 Billion by 2028 with a CAGR of 5.2% over the forecast period.

Global Thermoplastic Pipe Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2028- Increasing application of thermoplastic composite pipes in offshore and onshore production activities and 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 Thermo Plastic Pipe Market.

Scope of Global Thermoplastic Pipe Market Report:

The thermoplastic pipe is a flexible plastic that can be molded into any shape. Because of its interaction with heat, thermoplastic is also more easily recyclable. Because of these advantages, thermoplastic is widely used in plumbing and mechanical applications. The oil and gas industry employs thermoplastic pipes for high-pressure water injection pipelines, water transport, and distribution, effluent water disposal, temporary surface lines, well intervention, and seawater intake and discharge lines, among other things. Thermoplastic pipe materials are relatively flexible when compared to other piping materials. This property, together with suitable flow rates, enables the use of some plastic tubing as insertion liners in non-plastic pipework. The use of plastic pipes has skyrocketed in recent years.

Covid-19 has also impacted the growth of global thermoplastic pipe market. During the Covid-19 pandemic, governments of all nations imposed a lockdown to avoid the spread of the virus. Accordingly, the operations of oil and gas transportation were hampered. The implementation of severe lockdown measures partially or fully prompted a halt of industrial operations owing to the shortage of the labor force and decrease in logistical activities, which has impacted the working of the thermoplastic piping system. However, as the situation is back on the track and demand for thermoplastic pipes is increasing, the market is growing steadily.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 3.04 Billion
Base year considered	2021
Forecast Period CAGR %:	5.2%
Market Size Expected in 2028:	USD 4.34 Billion
Tables, Charts & Figures:	175
Pages	196
Thermoplastic Pipe Companies	NOV, Wienerberger, TechnipFMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, Prysmian Group, Strohm, Baker Hughes, and others.
Segments Covered	By Product Type, By End-Use Industry, By Polymer Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

The global thermoplastic pipe market is segmented by product type, end-use industry, polymer type, application, and region & country level. Based on product type, the thermoplastic pipe is classified into reinforced thermoplastic pipes and thermoplastic composite pipes. Based on end-user, the market is segmented into oil and gas, water and wastewater, mining & dredging, utilities & renewable. Based on polymer type, the thermoplastic pipe market is classified into polyethylene, polyvinylidene, polypropylene, and fluoridfluorideinyl chloride. Based on application, the market is segmented into onshore, and offshore.

Key Players for Global Thermoplastic Pipe Market Report:-

Some major key players for global thermoplastic pipe market report are NOV, Wienerberger, TechnipFMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, Prysmian Group, Strohm, Baker Hughes, and others.

News-

GF Piping Systems Launched HEAT-FIT at Seatrade Cruise Global in Miami, Debuting a Lightweight, Corrosion-Free, and Efficient Thermoplastic Piping System

On April 27^th, 2022; GF Piping Systems launched HEAT-FIT at Seatrade Cruise Global in Miami, debuting a lightweight, corrosion-free, and efficient thermoplastic piping system. With the HEAT-FIT Jacket System, GF Piping Systems provides a solution that introduces thermoplastic piping systems into essential applications (L3) onboard cruise ships, offshore platforms and merchant vessels. HEAT-FIT is well-suited with the ecoFIT range of polyethylene pipes & fittings intended for industrial applications and water & wastewater treatment. The new pipe jacket system consists of two layers of thermoplastic polyurethane (TPU) which enclose a high-temperature fibreglass fabric and an intumescing coating.

Strohm to Develop Thermoplastic Composite Pipes for Brazil’s Pre-Salt Fields

On August 25^th, 2021; Strohm signed an agreement with Petrobras and Shell to work on a thermoplastic composite pipe (TCP) flowline and riser solution for use in Brazil's offshore pre-salt territory. Strohm, previously known as Airborne Oil and Gas, has won a four-year contract esteemed at between €10 million and €50 million (US$11.7 million and US$58.8 million) to expand a corrosion-free arrangement with a 30-year design life for profound water fields. Petrobras in the past definitely experienced issues with flexible risers utilized for natural gas injection at a couple of pre-salt fields and has chosen to change to a rigid-riser-based design for its most recent improvements in the region.

Global Thermoplastic Pipe Market Dynamics–

One of the major factors driving the growth of global thermoplastic pipes is the increasing application of thermoplastic composite pipes offshore and onshore. The oil & gas industry utilizes steel as a key material in manufacturing an assortment of tubes and pipes. In the onshore industry, steel carry on to be used dominantly in products like coiled tubing and flow lines. However, thermoplastic composites are mainly utilized for offshore applications like chemical injection pipes and risers. Its properties, such as wear and corrosion resistance, better stiffness, and strength concerning changes in temperature and deformation due to stress, make it highly effective for underwater applications. In the coming few years, offshore drilling and production activities are expected to show a significant growth at a larger pace given the rising significance of deep and ultra-deepwater oil & gas production & exploration activities due to the rising demand for fossil fuels. Therefore, thermoplastic composites’ application in offshore products, such as flowlines, umbilumbilicals risers, is likely to drive the demand for thermoplastic pipe in the oil & gas industry.

In addition, the increasing use of thermoplastic pipe across sectors such as chemical, mining & dredging, and municipal along with application in deep water and ultra-deep-water is a key factor driving the growth of the market. And, high adoption of thermoplastic materials in engineering processes and large diameter pipe applications are other important factors expected to drive the demand of the market. For example; in May 2019, Strohm teamed up with Smeros Technologies, a Brazilian engineering firm, to deliver TCP risers in the deepwater part of the country. Well, operators encounter numerous problems while transporting fluids through 3,000 meters of water to the surface. Deep and ultra-deepwater have high temperature and pressure ratings, and higher CO2 and H2S concentrations erode and weaken steel. Deepwater pipelines are also dragged through the sea by higher pressure and currents. Companies develop flexible pipes for the oil and gas sector by winding layers of thermoplastic composite reinforced pipes to solve these difficulties.

However, higher production costs may hamper the market growth of the global thermoplastic pipe market. In spite of that, rising deep- and ultra-deepwater oil & gas examination and production activities can offer more opportunities for the further growth of the thermoplastic pipe market.

Global Thermoplastic Pipe Market Regional Analysis -

Asia Pacific is expected to dominate the global thermoplastic pipe market due to the rising population, growing demand for water & energy and rising urbanization in this region. The need for water transportation and energy is predicted to rise during the projection period as the region's population grows. For example; as per the International Energy Agency; the general energy demand in the Southeast Asia has expanded by over 80% starting around 2000. Consistently, the electricity request increment by six percent in the region. With quick urbanization and industrialization exercises occurring in this region, the ground and the surface water are getting contaminated for a huge scope. Subsequently, new water treatment plants are opening to create drinkable water. Furthermore, the water treatment plants are one of the main end clients for the worldwide thermoplastic pipe market.

In North America, rising adoption of thermoplastic pipe to eliminate steel pipe drawbacks such as fatigue, weight, and corrosion is expected to fuel product demand in this region. For example; the U.S. Department of Transportation (U.S. DOT) announced the final rule in November 2019 to amend the adoption of plastics in natural gas transportation pipes. These factors may boost market growth in the upcoming years.

Global Thermoplastic Pipe Market Segmentation:

By Product Type

• Reinforced thermoplastic pipes
• Thermoplastic composite pipes

By Polymer Type

• Polyethylene
• Polypropylene
• Polyvinylidene Fluoride
• Polyvinylchloridede

By Application

• Onshore
• Offshore

By End-Use Industry

• Oil and gas
• Water and wastewater
• Mining and Dredging
• Utilities and Renewable

Thermoplastic Pipe Market Key Players:

• NOV
• Wienerberger
• TechnipFMC
• Georg Fischer
• Advanced Drainage Systems
• Chevron Philips Chemical Company
• Prysmian Group
• Strohm, Baker Hughes

On Special Requirement Thermoplastic Pipe Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Thermoplastic Pipe Market Report–

• Global Thermoplastic Pipe Market report covers in-depth historical and forecasts analysis.
• Global Thermoplastic Pipe Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels.
• Global Thermoplastic Pipe Market report helps to identify opportunities in the marketplace.
• Global Thermoplastic Pipe Market report covers extensive analysis of emerging trends and the competitive landscape.