Thermoplastic Pipe Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global thermoplastic pipe market is driven by increasing oil and gas offshore drilling practices. Owing to various properties including flexibility, outstanding chemical resistance, low installation and maintenance cost, high strength, greater flow characteristics, high mechanical damage resistance and ability to operate at higher temperature made thermoplastic pipe suitable for oil and gas market and other application areas including chemical sector, mining & dredging sector and municipal. In addition, these pipes do not cause rusting and are easier to install in comparison to metal piping making it the best option for drilling purposes. Development in the end-use sector including oil & gas, chemical, mining & dredging, and municipal is expected to uplift the global market growth in the coming years. Thermoplastic pipe finds its major application in the oil and gas sector and is expected to show high growth in the application area on account of its propelling demand in deep water and ultra-deepwater application coupled with growing oil and gas activities. Rising engineering thermoplastic materials acceptance and developing large diameter pipe applications are some factors expected to augment the global market over the forecast period. 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. High costs involved during production majorly in the oil and gas sector coupled with major safety issues are expected to emerge as key hindrances in the market growth over the forecast period.

The global thermoplastic pipe market is segmented on the basis of polymer type and application. The polymer type segment is sub-segmented into polyvinylidene fluoride (PVDF), polyamides (PA), polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). The application segment includes chemical, oil & gas, mining & dredging, and municipal. Oil and gas and municipal application segments are further categorized as flexible pipes umbilical application, water, and wastewater application and coiled tubing application. The thermoplastic pipe application in the oil and gas industry is expected to grow significantly over the forecast period in comparison with other applications. The second major emerging thermoplastic pipe application is expected to be municipal owing to huge demand in Asia Pacific region in the coming year which will further enlarge the global market.

The global thermoplastic pipe market is dominated by Asia Pacific region followed by North America and Europe respectively. Growing developing countries including China, India, and Brazil are expected to propel the global market in the coming years. Middle East& Africa and Central & South America are expected to show healthy growth over the forecast period on account of increasing oil and gas exploration activities in the regions. Asia Pacific region is expected to witness the largest and fastest-growing market owing to developing economies, rising oil and gas activities, and boosting chemical industries over the forecast period. Regions including Middle East and Asia Pacific with upcoming oil and gas projects are predicted to grow the global market. Thermoplastic municipal pipes demand in Asia Pacific region is expected to drive the market at a significant rate in the coming years. Latin America coupled with Middle East & Africa is the emerging market. Companies are expected to predict their growth in these regions over the forecast period.

Key players involved in the global thermoplastic pipe market include Simtech, Chevron Philips Chemical Company LP, KWH Pipe, Technip, Prysmian, Advanced Drainage Systems Inc., Aetna Plastics, National Oilwell Varco, Airborne Oil & Gas B.V., Georg Fischer Piping Systems Ltd. and IPEX Inc. Companies are focusing on emerging countries that are expected to have a huge demand for the market. In addition, companies are following and adopting various strategies such as product innovation, implementation of new technology, product line expansion, an increase in production capacity, and enhancing thermoplastic pipe quality in order to increase their global market share. Companies are continuing with their research and development activities in order to introduce new products as per market demand and increase the plant efficiency globally.