Thermoplastic Pipe Market

Thermoplastic Pipe Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Thermoplastic Pipe Market was worth US$ 2,700.0 Mn and is expected to grow at a CAGR of 4.5% over the forecast period. The market is expected to hit US$ 4,200.0 Mn by 2032 end.

The increasing application of thermoplastic composite pipes in offshore and onshore production activities and the growing adoption of thermoplastic pipes across the sectors like municipal corporations, mining, and dredging are some of the major factors driving the growth of the Global Thermoplastic Pipe Market.

Market Dynamic

THE HIGHLY EFFICIENT PROPERTIES OF THERMOPLASTIC PIPES FUEL THE MARKET

Due to their low cost and superior chemical resistance, thermoplastic pipes constructed of engineering thermoplastic grades like polyethylene (PE) and polyvinyl chloride (PVC) have been utilized widely. Due to their high cost, higher grades of thermoplastics, including polyether ether ketone (PEEK), are sometimes used in wirelines and seals. These pipes have high raw material and fabrication costs but also have strong abrasion resistance, low flammability, and decreased emission of smoke and harmful gases.

HIGH RAW MATERIAL COSTS AND THE NEED FOR A SPECIALIZED WORKFORCE HAMPER THE MARKET GROWTH

Fabricators of thermoplastic composite pipes for the oil and gas sector typically have to buy raw materials (polymer) directly from the producers to meet the operational needs of oil firms and the standards set by suppliers. Thermoplastic composite pipes must be modified depending on the end-use circumstances, such as pressure, temperature, and corrosion.

The alterations are often made to the polymer composition or the processing conditions, which can only be done if the pipe fabricator and the polymer producer work closely together. Due to this standardized restriction, it is challenging to manufacture composite pipes on a wide scale, raising the price of thermoplastic lines.

COVID-19 Impact

The COVID-19 pandemic outbreak has harmed the international economy since lockdowns have to be implemented by governments all around the world to stop the virus from spreading. The transportation of oil and gas was impeded as a result. The COVID-19 epidemic immediately affected the supply of thermoplastic pipes used to carry oil and gas to end users’ sites by reducing the demand for crude oil. The epidemic has also disrupted the water treatment industry, which relies heavily on thermoplastic pipes.

Market Segments Covered in Report

By Product:

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

By End-Use:

• Oil & Gas
• Water & Wastewater
• Mining & Dredging
• Utilities & Renewable

By Application:

• Onshore
• Offshore

By Polymer Type:

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

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What distinct qualities of reinforced thermoplastic pipes lead to market growth?

RTPs differ from TCPs in that they are employed in applications requiring lower temperature requirements and lower pressure ratings (up to 70 bar). RTPs are typically utilized on land and occasionally employed offshore in shallow water (less than 30 meters of depth). RTPs are increasingly being used in the water and wastewater treatment sector, which is projected to increase international demand.

Which segment of the polymer market is anticipated to have high utilization?

The cross-linked structure of polyethylene improves the material’s tensile strength and temperature resistance. It makes it possible to specify the content for usage in harsher conditions at lower and higher temperatures. Polyethylene (PE), which is lightweight, flexible, and simple to weld, is anticipated to see increased demand in the thermoplastic pipe industry.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• The highest market share of 33.0% for thermoplastic pipes now belongs to the Asia Pacific region. Urbanization and industrialization are the main causes of this area’s increasing thermoplastic pipe sales.
• The market for thermoplastic lines is expanding as a result of developing infrastructure, the creation of new cities, and rising mining activity. The need for thermoplastic pipes grows as mining operations are expanded in nations like China, India, and Australia.

Competition Analysis

The market for thermoplastic pipes is enormous, and the product has to expand uses across several sectors. As a result, manufacturers find the market to be a gold mine. Each major company has a different USP and marketing plan to introduce its goods to the market.

Some of the key developments that have taken place in the Thermoplastic Pipe Market include:

• In Jul 2021, 100% of the FloPlast and Cork Plastics shares were purchased by Wienerberger. Both businesses’ product lines are mostly comprised of drainage, roofline, and rainfall goods. As a result, it is anticipated that the purchase would assist Wienerberger in developing into a full-service provider of managed stormwater and greywater solutions for the residential market.
• In December 2020, FGS Brasil Industria e Comércio (FGS), Cajamar (Brazil), a producer of polyethylene pipe systems, was purchased by GF Piping Systems, a part of Georg Fischer. The acquisition allowed GF Piping Systems to increase its market share in South America and Brazil.

A list of some of the key suppliers present in the market are:

• Advanced Drainage Systems
• TechnipFMC
• NOV
• Strohm
• Baker Hughes Company
• Wienerberger
• Chevron Philips Chemical Company
• Prysmian Group
• Georg Fischer
• Shawcor
• IPEX
• TEC
• Saudi Arabian Amiantit
• Simtech Process Systems
• Uponor Corporation

Global Thermoplastic Pipe Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies