Market Research Report
Thermoplastic Pipe Market by Application(Oil & Gas, Water & Wastewater, Mining & Dredging, and Utilities & renewables), Product Type(TCP and RTP), Polymer Type(PE, PP, PVDF, PVC, and Others), Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||931291|
|Published||Content info||148 Pages
Delivery time: 1-2 business days
|Thermoplastic Pipe Market by Application(Oil & Gas, Water & Wastewater, Mining & Dredging, and Utilities & renewables), Product Type(TCP and RTP), Polymer Type(PE, PP, PVDF, PVC, and Others), Region - Global Forecast to 2025|
|Published: April 2, 2020||Content info: 148 Pages||
"The global thermoplastic pipe market is projected to reach USD 3.6billion by 2025, at a CAGR of 5.2% from 2020 to 2025"
The global thermoplastic pipe market size is estimated to be USD 2.8 billion in 2020 and projected to reach USD 3.6 billion by 2025, at a CAGR of 5.2% from 2020 to 2025. The market growth for thermoplastic pipe can be attributed to the increasing usage of engineering thermoplastic material in manufacturing pipes and the application of thermoplastic composites in offshore production activities.
Furthermore, the growing oil & gas and water & wastewater segment in countries such as the US & Canada, China, Germany, and Russi and the government initiative for wastewater treatment might increase the global thermoplastic pipe demand.
The oil & gas segment is anticipated to constitute the majority of the thermoplastic pipe market share. Oil & gas segment uses thermoplastic pipes for various applications. There is a growing adoption of the thermoplastic composite pipe due its numerous cost-saving advantages over conventional pipe. Despite the higher cost of material of a PVDF and PE pipes, a 30% saving on installation cost can be easily achieved. These advantages and benefits of using thermoplastic pipe is expected to drive its demand in the oil & gas industry globally.
The reinforced thermoplastic pipe (RTP) is predicted to dominate the thermoplastic pipe market. RTP is mainly used in onshore applications sometimes offshore in very shallow water of about 30 meters depth. RTP is Majorly used in water & wastewater, mining, utilities & renewables applications. With the growing mining sector in China, Brazil, and Australia, and the stringent water & wastewater treatment regulations in the countries like Germany, UK, Canada, Mexico, and others. The demand for reinforced thermoplastic pipe is gaining momentum.
South America is growing with thehighest CAGR for thermoplastic pipe market during the forecast period, followed by North America & Asia Pacific. Continuously increasing investments by foreign countries in the Venezuela, and Brazilian oil & gas industry is likely to drive the demand for thermoplastic pipe in the region.
In-depth interviews were conducted with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.
The distribution of primary interviews is as follows:
Others include: sales managers, marketing managers, product managers, and product engineers.
Note: The tier of the companies is defined based on their total revenue as of 2018; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.
The global thermoplastic pipe market is dominated by a few major players that have an extensive regional presence. The leading players include the Advanced Drainage Systems (Ohio, US), TechnipFMC (London,UK), National Oilwell Varco (Texas, US), Airborne Oil & Gas (The Netherlands), Magma Global (Portsmouth, UK), Baker Hughes Company (Texas, US), Chevron Philips Chemical Company (Texas, US), Prysmian (Milan, Italy), Georg Fischer (Switzerland), Shawcor (Toronto, Canada), and Uponor Corporation (Vantaa, Finland).
The report defines, describes, and forecasts the thermoplastic pipe market based on application, product type, polymer type, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, future trends, and market estimates, in terms of value, in the thermoplastic pipe industry.
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.