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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1096520

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1096520

Thermoplastic Pipe Market: Current Analysis and Forecast (2021-2027)

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The global thermoplastic pipe market is expected to witness a CAGR of around 4% during the forecast period (2021-2027). This is mainly due to the rising application of thermoplastic pipes in offshore and onshore production activities are some other major drivers responsible for market growth. For instance, Strohm makes maiden foray into Western Australia with TCP Jumper Spools for Woodside's Julimar project. With the contract, the Strohm will supply 2" 10,000 psi TCP Jumper Spools to be used for Monoethylene Glycol (MEG) injection service. The TCP Jumper Spools are planned for delivery later this year and will be deployed in the Julimar field, located approximately 200 km offshore Northwestern Australia.

Thermoplastic pipes are made using polymer materials that are chemically processed and synthesized in substantial amounts. Its low corrosion and lower maintenance may propel its sales. Furthermore, they are an effective alternative to plumbing and piping solutions due to their advantages. Thus, the market is expected to witness significant growth during the forecast period.

Further, increasing use of thermoplastic pipes by the municipal sector for wastewater treatment and transportation, especially in developing nations across regions. Furthermore, the rising application of thermoplastic pipes in offshore and onshore production activities are some other major drivers responsible for market growth. Reinforced thermoplastic pipes (RTP) are being used in the oil & gas industry, where it is used to replace medium-pressure steel pipes. Various significant companies, which are certified for international standards, design pipes with a pressure capacity of up to 450 bar or 6527 psi and can be used for onshore applications. Moreover, the high corrosion rate of conventional pipes entices oil and gas companies to switch to thermoplastic pipes. Furthermore, the involvement of high corrosive fluid during enhances oil recovery (EOR) requires regular maintenance of conventional pipes. Thus, the growing replacement of EOR pipelines with the thermoplastic pipe is expected to create an opportunity as well.

Advanced Drainage Systems Inc., Strohm B.V., TechnipFMC plc, Georg Fischer Ltd., Wienerberger AG, Baker Hughes Company, Chevron Phillips Chemical Company LLC, Saudi Arabian Amiantit Co., Simtech Process Systems, and Shawcor Ltd. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

"Amongst Product Type, RTP accounted for the majority share in the market in 2020"

Based on product type, the market is classified into reinforced thermoplastic pipes (RTP) and thermoplastic composite pipes (TCP). In 2020, RTP accounted for the majority share in the market. Reinforced thermoplastic pipe (RTP) offers the advantages of corrosion resistance and is lightweight and is used in moderate temperature and pressure applications. Furthermore, an increasing number of horizontal wells during oil and gas activities coupled with high energy demand is expected to establish a major opportunity for market growth. At zero allowable water leakage, the HDPE pipes are highly efficient as compared to Polyvinyl Chloride (PVC) and ductile iron pipes, which have a leakage rate of 10% to 20%. Moreover, their resistance to corrosion and low weight contribute to the higher preference for HDPE pipes. Thus, growing utility installations, burgeoning investments in shale gas development projects, and rising adoption of cost-effective products in exploration activities is further expected to drive the market.

"Amongst Polymer Type, PE category is expected to witness the fastest growth rate during the forecast period"

Based on polymer type, the market is categorized into polyethylene (PE), polypropylene (PP), polyvinylidene fluoride (PVDF), polyvinyl chloride (PVC), and others. Amongst polymer type, the PE category is expected to witness the fastest growth rate during the forecast period. Oil and gas companies and mining companies seeking cost-cutting measures may be considering high-density polyethylene (HDPE) pipe as an alternative to steel pipe due to its cost-effectiveness. In addition, the use of HDPE pipe for wastewater and sewer applications has become increasingly popular due to pipe bursting, slip lining, and other trenchless installation methods. Moreover, nations across the world have enforced strict norms against polluting the naturally occurring water bodies and illegal discharge of wastewater. In countries such as China, which were severely impacted by air pollution, special laws have been implemented to protect it from the harmful impact of wastewater discharge. Thus, increasing awareness and investments in water and wastewater management is anticipated to create significant opportunities for market players.

"Amongst Application, the municipal category is expected to witness the fastest growth during the forecast period"

Based on application, the market is categorized into oil & gas, chemical, municipal, mining, and others. Among these, the oil & gas category accounted for a significant market share in 2020. However, the municipal category is expected to witness the fastest growth during the forecast period. This is mainly due to the increasing investments in water infrastructure and the rising number of desalination plants, thus resulting in the growing adoption of thermoplastic pipes in water and wastewater management. Furthermore, developing nations are speeding up construction projects in commercial as well as residential areas due to the rapid growth in the urban population. For instance, as per the World Bank Group, the urban population of India increased by more than 100 million in the last ten years. In 2020, the Indian urban population was ~480 million as compared to ~380 million in 2010. Thus, urbanization across the globe has resulted in expansion and increased demand for infrastructural developments and water supply, which has subsequently increased demand for thermoplastic pipes in the municipal sector.

"APAC to witness significant growth during the forecast period"

Asia-Pacific is expected to witness the highest CAGR in the thermoplastic pipe market, during the forecast period. The major contributors to the growth of this market are China, India, and Australia. The increase in infrastructure development in emerging economies, as well as the expansion of the oil and gas sector, coupled with the rising awareness and stringent regulations for efficient water treatment, are some factors responsible for the growth of the region's market. Although water withdrawals for domestic and municipal use globally account for a modest part of total water use, they are growing rapidly, especially due to population growth in the urban areas of developing countries. With the rapid growth in the region's population and urbanization, the global demand for thermoplastic pipes for water and wastewater transportation and treatment is further expected to witness significant growth. In addition, an increase in exploration activities in several Asia-Pacific countries such as China and India and the massive development of shale plays will further strengthen the market for thermoplastic pipes.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

Global thermoplastic pipe market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMEP21839

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stakeholders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Thermoplastic Pipe Market
  • 2.2. Research Methodology of the Thermoplastic Pipe Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Thermoplastic Pipe Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL THERMOPLASTIC PIPE MARKET COVID-19 IMPACT

6 GLOBAL THERMOPLASTIC PIPE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

  • 7.1. Reinforced Thermoplastic Pipes (RTP)
  • 7.2. Thermoplastic Composite Pipes (TCP)

8 MARKET INSIGHTS BY POLYMER TYPE

  • 8.1. Polyethylene (PE)
  • 8.2. Polypropylene (PP)
  • 8.3. Polyvinylidene Fluoride (PVDF)
  • 8.4. Polyvinyl Chloride (PVC)
  • 8.5. Others

9 MARKET INSIGHTS BY APPLICATION

  • 9.1. Oil & Gas
  • 9.2. Chemical
  • 9.3. Municipal
  • 9.4. Mining
  • 9.5. Others

10 MARKET INSIGHTS BY REGION

  • 10.1. North America
    • 10.1.1. U.S.
    • 10.1.2. Canada
    • 10.1.3. Rest of North America
  • 10.2. Europe
    • 10.2.1. Germany
    • 10.2.2. United Kingdom
    • 10.2.3. France
    • 10.2.4. Spain
    • 10.2.5. Italy
    • 10.2.6. Rest of Europe
  • 10.3. Asia-Pacific
    • 10.3.1. China
    • 10.3.2. Japan
    • 10.3.3. India
    • 10.3.4. Australia
    • 10.3.5. Rest of Asia-Pacific
  • 10.4. Rest of World

11 THERMOPLASTIC PIPE MARKET DYNAMICS

  • 11.1. Market Drivers
  • 11.2. Market Challenges
  • 11.3. Impact Analysis

12 THERMOPLASTIC PIPE MARKET OPPORTUNITIES

13 THERMOPLASTIC PIPE MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS

  • 14.1. Demand Side Analysis
  • 14.2. Supply Side Analysis

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

  • 16.1. Competitive Landscape
    • 16.1.1. Porter's Five Forces Analysis

17 COMPANY PROFILED

  • 17.1. Advanced Drainage Systems Inc.
  • 17.2. Strohm B.V.
  • 17.3. TechnipFMC plc
  • 17.4. Georg Fischer Ltd.
  • 17.5. Wienerberger AG
  • 17.6. Baker Hughes Company
  • 17.7. Chevron Phillips Chemical Company LLC
  • 17.8. Saudi Arabian Amiantit Co.
  • 17.9. Simtech Process Systems
  • 17.10. Shawcor Ltd

18 DISCLAIMER

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