Thermoplastic Pipe Global Market Report 2026

Thermoplastic pipes, composed of polymer resin-based plastic, offer consistent quality and reliable features, making them a preferred choice in construction for their reliable performance.

The primary segments are Reinforced Thermoplastic Pipes (RTP) and Thermoplastic Composite Pipes (TCP). These pipes utilize various polymer types such as Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyvinyl Chloride (PVC), and other polymer variants. They find applications in both Onshore and Offshore operations, serving industries such as Oil and Gas, Water and Wastewater management, Mining and Dredging, Utilities, and Renewable Energy sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the thermoplastic pipe market by increasing costs of imported polymer resins, reinforcement fibers, extrusion machinery, and joining components. Oil and gas and utilities sectors in North America and Europe are most affected due to reliance on imported materials, while Asia-Pacific faces higher export production costs. These tariffs are raising project material expenses and extending procurement cycles. However, they are also encouraging domestic pipe manufacturing, regional raw material sourcing, and innovation in cost-efficient composite pipe technologies.

The thermoplastic pipe market research report is one of a series of new reports from The Business Research Company that provides thermoplastic pipe market statistics, including thermoplastic pipe industry global market size, regional shares, competitors with a thermoplastic pipe market share, detailed thermoplastic pipe market segments, market trends and opportunities, and any further data you may need to thrive in the thermoplastic pipe industry. This thermoplastic pipe market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The thermoplastic pipe market size has grown strongly in recent years. It will grow from $3.37 billion in 2025 to $3.6 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of oil and gas pipeline networks, increasing use in water and wastewater systems, growth in mining slurry transport, rising adoption of plastic piping solutions, availability of advanced polymer materials.

The thermoplastic pipe market size is expected to see strong growth in the next few years. It will grow to $4.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing investments in renewable energy infrastructure, rising demand for low-maintenance piping systems, expansion of offshore exploration projects, growing focus on leak-resistant pipelines, increasing use in harsh environment applications. Major trends in the forecast period include increasing adoption of corrosion-resistant pipe systems, rising demand for lightweight composite pipes, growing use in offshore energy applications, expansion of high-pressure pipe installations, enhanced focus on long service life.

Increasing demand from the oil and gas industry for corrosion-resistive is expected to propel the growth of the thermoplastic pipe market going forward. Pipeline corrosion is the oxidation and electrochemical disintegration of a pipe's structure. The use of thermoplastics in the production and transportation of oil and gas is emerging as a practical and reliable corrosion-mitigation solution. These pipelines are lighter and more resistant to corrosion than metals, allowing oil and gas corporations to explore and produce from deeper offshore oilfields. For instance, in January 2023, according to the Association for Materials Protection and Performance (AMPP), a US-based non-profit organization, the yearly cost of corrosion to the oil and gas sector in the United States is estimated to be $27 billion, with others estimating the global annual cost of corrosion to the industry to be more than $60 billion. Therefore, increasing demand from the oil and gas industry for corrosion-resistive drives the thermoplastic pipe market.

Major companies operating in the thermoplastic pipe market are focusing on technological innovation such as reinforced thermoplastic pipe (RTP) technology. Reinforced Thermoplastic Pipe (RTP) technology is a type of pipe technology that enables faster installation, reduced time to first production, and lower lifecycle emissions over traditional steel pipelines. For instance, in November 2023, Baker Hughes Company, a US-based energy technology company, launched its new PythonPipe portfolio, which is a reinforced thermoplastic pipe (RTP) technology. The PythonPipe portfolio consists of American Petroleum Institute 15s-qualified, flexible, and non-metallic RTP with various sizes, materials, and liner options. It offers up to a 60% reduction in installation time and is available at one-fifth the cost of comparative steel installation. Additionally, it can achieve up to a 75% reduction in carbon emissions throughout its lifecycle, up to an 80% reduction in maintenance costs, and up to a 60% reduction in the required crew.

In March 2024, HIL Limited, an India-based company that offers comprehensive range of building solutions, acquired Topline industries Pvt Ltd. for a deal of $ 31.93 million. This acquisition represents a major advancement in HIL's dedication to rapidly expanding its Pipes & Fittings business. With a complementary range of products, technologies, and market presence, this move will greatly enhance HIL's production capacity and nearly double its revenue. Topline industries Pvt Ltd. is an India-based manufacturer of thermoplastic pipes.

Major companies operating in the thermoplastic pipe market are Baker Hughes Company, Prysmian Group, Chevron Phillips Chemical Company LLC, Uponor Corporation, National Oilwell Varco, Inc, TechnipFMC plc, Wienerberger AG, Georg Fischer Ltd, Mueller Industries, Inc., GF Piping Systems, Inteplast Group, Advanced Drainage Systems Inc, JM Eagle Inc., Shawcor Ltd, Pipelife, IPEX Inc, Pes-Tec Germany, Saudi Arabian Amiantit Co, Strohm BV, Aetna Plastics Corp, Pexmart CC, Wavin India Pipes and Fittings Manufacturing Private Limited, Polyplastic, Algriplast, National Material Company, Plasti-Fab Inc., Genova Industries, Corzan Piping Systems, Sioux Group

Asia-Pacific was the largest region in the thermoplastic pipes market share in 2025. The regions covered in the thermoplastic pipe market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the thermoplastic pipe market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The thermoplastic pipe market consists of sales of high-density polyethylene (HDPE), low-density polyethylene (LDPE), very-low-density polyethylene (VLDPE), linear low-density polyethylene (LLDPE), and ultrahigh-molecular-weight polyethylene (UHMWPE). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Thermoplastic Pipe Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses thermoplastic pipe market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for thermoplastic pipe ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The thermoplastic pipe market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Reinforced Thermoplastic Pipes (RTP); Thermoplastic Composite Pipes (TCP)
• 2) By Polymer Type: Polyethylene (PE); Polypropylene (PP); Polyvinylidene Fluoride (PVDF); Polyvinyl Chloride (PVC); Other Polymer Types
• 3) By Application: Onshore; Offshore
• 4) By End-User: Oil And Gas; Water And Wastewater; Mining And Dredging; Utilities And Renewables
• Subsegments:
• 1) By Reinforced Thermoplastic Pipes (RTP): Glass-fiber Reinforced Reinforced Thermoplastic Pipes (RTP); Carbon-fiber Reinforced Reinforced Thermoplastic Pipes (RTP)
• 2) By Thermoplastic Composite Pipes (TCP): Polyethylene (PE) Composite Pipes; Polypropylene (PP) Composite Pipes
• Companies Mentioned: Baker Hughes Company; Prysmian Group; Chevron Phillips Chemical Company LLC; Uponor Corporation; National Oilwell Varco; Inc; TechnipFMC plc; Wienerberger AG; Georg Fischer Ltd; Mueller Industries; Inc.; GF Piping Systems; Inteplast Group; Advanced Drainage Systems Inc; JM Eagle Inc.; Shawcor Ltd; Pipelife; IPEX Inc; Pes-Tec Germany; Saudi Arabian Amiantit Co; Strohm BV; Aetna Plastics Corp; Pexmart CC; Wavin India Pipes and Fittings Manufacturing Private Limited; Polyplastic; Algriplast; National Material Company; Plasti-Fab Inc.; Genova Industries; Corzan Piping Systems; Sioux Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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