Global thermoplastic pipe market is expected to foresee significant growth. APAC to lead the growth!

The global thermoplastic pipe market is projected to grow at a CAGR of around 4% during the forecast period. This is mainly due to the 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) require regular maintenance of conventional pipes. Thus, growing replacement of EOR pipelines with the thermoplastic pipe is expected to create an opportunity as well.

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Industry growth witnessed some stress and negative impact due to COVID-19. The sudden outbreak of COVID-19 has sent shockwaves across industries manufacturing, power generation, renewables, nuclear, and oil and gas. The outbreak and the resulting economic slowdown have had an intermediate impact on the thermoplastic pipe industry. The COVID-19 pandemic has forced to stop all the fieldwork of several major projects; therefore, the market witnessed some negative impacts during 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. RTPs have been replacing steel in many applications including oil and gas pipeline projects, because of their versatility and durability.

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. PE pipes such as High Polyethylene (HDPE) pipes are mainly used in the oil and gas industries due to their ability to withstand demanding service conditions such as high corrosion resistivity and zero reactive properties, and long service periods. So, with the increasing crude oil production enhances the demand for HDPE pipes is also expected to increase

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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. This can be attributed to the growing installation of HDPE pipes for gathering and transporting hydrocarbons in the oil and gas industry. Also, HDPE provides other benefits with its abrasion resistance, durability, strength, and serviceability.

For a better understanding of the market adoption of the Thermoplastic Pipe industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and the Rest of World. In 2020, APAC accounted for a significant share in the market owing to an increase in demand for advanced technology, tools and equipment to increase the efficiency of exploration and production activities in onshore and offshore areas are expected to drive the market for thermoplastic pipe in the region.

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Some of the major players operating in the market include 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.

Global Thermoplastic Pipe Market Segmentation

Market Insight, by Product Type

• Reinforced Thermoplastic Pipes (RTP)
• Thermoplastic Composite Pipes (TCP)

Market Insight, by Polymer Type

• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinylidene Fluoride (PVDF)
• Polyvinyl Chloride (PVC)
• Others

Market Insight, by Application

• Oil & Gas
• Chemical
• Municipal
• Mining
• Others

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• 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
  • Shawcor Ltd