Thermoplastic Pipe Market by Type (PVC, PE, PA, PP, PVDF, and Others), Application (Oil & Gas, Municipal, Chemical, Mining & Dredging, and Others), and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026914 | Pages: 100 | Industry: Manufacturing and Construction | Date: Oct 2022 | Type: Global

The market crossed US$ 2.9 billion mark in 2022 and is expected to hit US$ 4.5 billion by 2030, recording a CAGR of 5.6% during the forecast period.

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Increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and onshore production activities has increased demand.

The oil & gas industry utilizes steel as a pivotal material in fabricating a variety of pipes and tubes. In the onshore industry, steel continues to be used dominantly in products such as flow lines and coiled tubing. However, thermoplastic composites are primarily used for offshore applications, like chemical injection risers and pipes. Its properties, such as corrosion and wear and resistance, better stiffness, and strength concerning deformation due to stress and temperature changes, make it highly effective for underwater applications. Offshore production and drilling activities are expected to increase at a greater pace in the next five years than onshore activities, given the increasing importance of deep and ultra-deep-water oil & gas production and exploration activities as demand for fossil fuels have intensified. Thus, thermoplastic composites\' application in offshore products, such as flowlines, umbilical, and risers, is likely to drive the thermoplastic pipe market in the oil & gas industry.

Within the report, the market is segmented into Type, Application, and geography. The market is further segmented by Type PVC, PE, PA, PP, PVDF, and Others. The application categorizes the market as Oil and Gas, Municipal, Chemical, Mining and Dredging, and Others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising acceptance of non-corrosive pipelines in the oil and gas and utility sectors.

The thermoplastic type of pipes used in the oil and gas industry exhibits an important role in the transportation of oil and gas, which has been a big success and contributes to an emerging corrosion strategy. Crude oil and natural gases contain various corrosive contaminants such as water, CO2, microbes, and others that influence internal corrosion rates. However, thermoplastic in oil and gas production and transportation is emerging as a reliable and viable solution to mitigate corrosion. Material types such as composite and polymer materials have applications in offshore and onshore pipelines due to their advantage of low weight and better corrosion resistance than metals.

By Polymer Type, the polyethylene (PE) segment is expected to be the largest and fastest-growing segment and contributes to the largest share of the Thermoplastic Pipe Market.

There are two types of PE pipes available in the market PEX (crosslinked polyethylene) and: HDPE (high-density polyethylene pipes). The crosslinked polyethylene network enhances the material\'s temperature and toughness resistance. This enables the content to be specified for use in more harsh environments at lower and higher temperatures. The lightweight, flexible, and easy-to-weld properties of polyethylene (PE) are expected to foster its demand in the thermoplastic pipe market.

Recent strategic developments in the Thermoplastic Pipe Market

The market has undergone several significant developments, and a few of these have been mentioned below:

- In October 2021, all the outstanding shares of Magma Global TechnipFMC were acquired by the company. They will use Magma Global technology to manufacture Thermoplastic Composite Pipes (TCPs) using PEEK polymer. TechnipFMC will combine Magma Global expertise with its flexible pipe technology to create a Hybrid Flexible Pipe (HFP) that will be deployed in the pre-salt fields of Brazil.

- In July 2021, Wienerberger announced its acquisition of 100% FloPlast and Cork Plastics shares. The product portfolios of both companies are focused on rainwater, roofline, and drainage products. Therefore, the acquisition is expected to help Wienerberger become a complete system provider for managed grey and stormwater solutions in the residential sector.

- In December 2020, GF Piping Systems, a division of Georg Fischer, acquired FGS Brasil Industrial e Comercio (FGS), Cajamar (Brazil), a manufacturer of polyethylene piping systems. The acquisition enabled GF Piping Systems to expand its presence in Brazil and South America.

Several players drive Thermoplastic Pipe Market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships, Advanced Drainage Systems, Inc., Aetna Plastics Corp., Airborne Oil & Gas, Chevron Phillips Chemical Company, Cosmoplast Ind. Co. (Harwal Group of Companies), Georg Fischer Piping Systems, IPEX Group, Saudi Arabian Amiantit Co., SimTech, and TechnipFMC plc are among the prominent players operating in the market.

The target audience for the report:

- Thermoplastic Pipe service providers

- Thermoplastic Pipe -related associations, organizations, forums, and alliances

- Government bodies, such as regulating authorities and policymakers

- Venture capitalists, private equity firms, and start-up companies

- Thermoplastic Pipe Printer component suppliers

- Thermoplastic Pipe distributors and sales firms

- End users of Thermoplastic Pipe

- Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

- By Type:

- PVC

- PE

- PA

- PP

- PVDF

- Others

- By Application:

- Oil and Gas

- Municipal

- Chemical

- Mining and Dredging

- Others

- Region

- North America

- Asia Pacific (APAC)

- South & Central America

- Middle East & Africa

- Europe

- Companies profiled

- Advanced Drainage Systems, Inc.

- Aetna Plastics Corp.

- Airborne Oil & Gas

- Chevron Phillips Chemical Company

- Cosmoplast Ind. Co. (Harwal Group of Companies)

- Georg Fischer Piping Systems

- IPEX Group

- Saudi Arabian Amiantit Co.

- SimTech

- TechnipFMC plc

The List of Companies
- Advanced Drainage Systems, Inc.
- Aetna Plastics Corp.
- Airborne Oil & Gas
- Chevron Phillips Chemical Company
- Cosmoplast Ind. Co. (Harwal Group of Companies)
- Georg Fischer Piping Systems
- IPEX Group
- Saudi Arabian Amiantit Co.
- SimTech
- TechnipFMC plc

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