The oil & gas application of Thermoplastic Pipes is estimated to grow with an increasing demand for flexible pipes, umbilicals and risers. The thermoplastic pipe market is projected to grow at a CAGR of 7.8% from 2022 to 2031. The market was dominated by Asia-Pacific that accounted for a share of about 40.7% in 2013 and it is estimated to be the fastest growing market for thermoplastic pipe from 2022 to 2031.
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The market was segmented on the basis of polymer type, applications, and region in terms of volume. The market segments by polymer type include PE, PVDF, PVC, PA, PP, and Others. The market segments for applications of thermoplastic pipe include oil & gas, municipal, mining & dredging, and chemical. The regional segmentation includes market volume for Asia-Pacific, North America, Europe, the Middle East and Africa, and Latin America.
The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. Market drivers, restraints, and opportunities of the market are discussed in detail. The leading players in the market such as Technip (U.S.), Advanced Drainage Systems Inc. (U.S.), Airborne Oil & Gas B.V. (The Netherlands), and Georg Fischer Piping Systems Ltd. (Switzerland) have been profiled in this report.
In 2022, Asia-Pacific is expected to be the largest market for thermoplastic pipe and it is estimated to grow at the highest CAGR. The key players of thermoplastic pipe prefer agreements, contracts, joint ventures, and partnership strategies to garner a larger share in the market. The leading thermoplastic pipe manufacturers are focusing on the emerging countries that are estimated to show potential demand for thermoplastic pipe in the near future.
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SCOPE OF THE REPORT
This report focuses on the thermoplastic pipe market. The market was segmented on the basis of polymer types, applications, and region.
On the basis of polymer type
On the basis of applications
• Oil & Gas
• Mining & Dredging
On the basis of region
• North America
• Middle East and Africa
• Latin America
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