Thermoplastic Pipe Market size is projected to reach a CAGR of 5.9% from 2022-2028. The market reached 2.9 billion in 2022 and touched 3.8 billion by 2028. The base year taken for the study 2021 and the forecast period is from 2022-2028.
Thermoplastic pipes have unique properties such as flexibility, excellent chemical resistance, low installation cost, high mechanical strength, greater flow and rust resistant features. Owing to above unique properties, these pipes are preferred over metal pipes and considered as the best option for oil and gas offshore drilling practices.
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More recently the technology of producing such pipe, including the marketing, rests with a few key companies, where it is available in coils up to 400 m (1,312 ft) length. These pipes are available in pressure ratings from 30 to 90 bar (3 to 9 MPa; 435 to 1,305 psi)
The prominent players thermoplastic pipe market are:
· Simtech
· Chevron Philips Chemical Company LP
· KWH Pipe
· Technip
· Prysmian
· Advanced Drainage Systems Inc.
· Aetna Plastics
· National Oilwell Varco
· Airborne Oil & Gas B.V.
· Georg Fischer Piping Systems Ltd.
· IPEX Inc and More
Recent Developments
In October 2021, TechnipFMC acquired the outstanding shares of Magma Global; the company will use Magma Global's technology to manufacture Thermoplastic Composite Pipes (TCPs) using PEEK polymer. TechnipFMC will combine Magma Global’s expertise with its flexible pipe technology to create a Hybrid Flexible Pipe (HFP) that will be deployed in the pre-salt fields of Brazil.
In July 2021, Wienerberger acquired 100% of the shares of FloPlast and Cork Plastics. The product portfolios of both companies are focused on rainwater, roofline, and drainage products. Therefore, the acquisition is expected to help Wienerberger become a complete system provider for managed grey and stormwater solutions in the residential sector.
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Thermoplastic Pipe Market is segmented into product type, polymer type, end user industry, application and region.
On the basis of Product Type
· Reinforced Thermoplastic Pipes (RTP)
· Thermoplastic Composite Pipes (TCP)
On the basis of Polymer Type
· Polyethylene (PE)
· Polypropylene (PP)
· Polyvinylidene Fluoride (PVDF)
· Polyvinyl Chloride (PVC)
· Others
On the basis of End-User Industry
· Oil & Gas
· Water & Wastewater
· Mining & Dredging
· Utilities & Renewables
On the basis of Application
· Onshore
· Offshore
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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