Thermoplastic Pipe Market Size, Share and Trends 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 4.72 billion
CAGR (2024-2029)	5.22%
Fastest Growing Segment	Utilities & Renewables
Largest Market	Asia-Pacific
Market Size (2029)	USD 6.46 billion

Market Overview

Global Thermoplastic Pipe Market was valued at USD 4.72 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.22% through 2029. Thermoplastic pipes, such as those made from polyethylene and polyvinyl chloride, are highly resistant to corrosion. This makes them particularly suitable for use in harsh environments, including offshore oil and gas exploration, where traditional materials like steel may be prone to corrosion. The durability of thermoplastic pipes ensures a longer lifespan and reduces the need for frequent replacements, contributing to cost savings for end-users.

Key Market Drivers

Initial High Costs and Perception of Affordability

One of the primary challenges faced by the global thermoplastic pipe market is the perception of high initial costs associated with these innovative piping solutions. While thermoplastic pipes offer numerous benefits, including corrosion resistance, lightweight design, and ease of installation, the upfront investment required for their purchase and installation can be perceived as a barrier. Traditional materials like steel may have a lower initial cost, and decision-makers may prioritize short-term expenses over long-term advantages.

Educating stakeholders about the total cost of ownership, considering factors such as maintenance, operational efficiency, and lifecycle durability, is crucial to overcoming this challenge. Manufacturers and industry advocates need to communicate the economic benefits of thermoplastic pipes over their lifecycle to shift the focus from initial costs to long-term savings and performance advantages.

Limited Standardization and Regulatory Frameworks

The global thermoplastic pipe market faces challenges related to the limited standardization and regulatory frameworks governing these materials. Unlike traditional materials such as steel, which have well-established standards and specifications, thermoplastic pipes may lack uniformity in terms of industry standards. This lack of standardization can create confusion in the market, hindering widespread adoption.

Varying regulations and standards across different regions can complicate the manufacturing, testing, and certification processes for thermoplastic pipes. Industry stakeholders, including manufacturers, governments, and international organizations, need to collaborate to establish comprehensive standards that address material properties, performance criteria, and testing methodologies. A harmonized regulatory framework will promote confidence among end-users, facilitate market growth, and ensure the safe and consistent use of thermoplastic pipes globally.

Limited Knowledge and Skillset in Installation and Maintenance

Despite the numerous advantages of thermoplastic pipes, their successful deployment relies on proper installation and maintenance practices. The global thermoplastic pipe market faces a challenge in terms of limited knowledge and skillsets among industry professionals regarding the installation, handling, and maintenance of these advanced piping systems. Unlike traditional materials, thermoplastic pipes may require specialized techniques and tools for proper joining and installation.

To address this challenge, industry stakeholders, including manufacturers, must invest in comprehensive training programs and educational initiatives. Training should cover the correct procedures for handling, welding, and installing thermoplastic pipes, as well as best practices for maintenance and repair. By enhancing the skillset of professionals involved in the thermoplastic pipe supply chain, the industry can ensure the reliable and effective use of these pipes, fostering confidence among end-users and overcoming installation-related challenges.

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Key Market Challenges

Material Compatibility and Chemical Resistance

A significant challenge facing the global thermoplastic pipe market revolves around material compatibility and chemical resistance. While thermoplastic pipes exhibit remarkable resistance to corrosion in a wide range of environments, there are instances where exposure to certain chemicals or extreme temperatures may compromise their integrity. The chemical resistance of thermoplastic pipes depends on the specific polymer used in their construction, and understanding the limitations of each material is crucial for ensuring optimal performance.

Industries such as petrochemicals, where aggressive chemicals are commonly transported, pose a particular challenge. The need for thorough research and development to enhance the chemical resistance of thermoplastic materials, coupled with comprehensive testing protocols, is essential. Additionally, educating end-users about the limitations and proper application of thermoplastic pipes in chemical-intensive environments is vital to overcoming this challenge and ensuring the long-term reliability of these piping systems.

Pressure and Temperature Limitations

Another challenge confronting the global thermoplastic pipe market is the pressure and temperature limitations associated with these materials. While thermoplastic pipes excel in various applications, including water distribution and wastewater management, they may face constraints when subjected to high-pressure conditions or extreme temperatures. Traditional materials like steel have a long history of use in high-pressure and high-temperature environments, making it challenging for thermoplastic pipes to compete in certain industrial sectors.

The development of thermoplastic materials capable of withstanding higher pressures and temperatures is a priority for manufacturers in the industry. Research efforts focused on enhancing the mechanical properties of thermoplastics and expanding their application range will be crucial in overcoming this challenge. Additionally, establishing clear guidelines and standards for the use of thermoplastic pipes in high-pressure and high-temperature applications will contribute to building confidence among end-users and facilitating broader market acceptance.

Perception and Trust in New Technology

The global thermoplastic pipe market faces a perceptual challenge related to the trust and confidence placed in relatively newer technologies. Traditional materials like steel and concrete have established long-standing reputations for reliability and durability. In contrast, the adoption of thermoplastic pipes requires a shift in mindset and an acceptance of innovative materials with distinct advantages.

Educating industry professionals, engineers, and decision-makers about the benefits and long-term value of thermoplastic pipes is crucial for overcoming this challenge. Demonstrating successful case studies, highlighting cost-effectiveness, and showcasing the environmental advantages of thermoplastic pipes can help build trust in their performance. Furthermore, creating awareness about the successful deployment of thermoplastic pipes in diverse applications globally will contribute to changing perceptions and fostering confidence in the reliability of these advanced piping systems.

Key Market Trends

Increasing Emphasis on Sustainable and Environmentally Friendly Solutions

One prominent trend in the global thermoplastic pipe market is the growing emphasis on sustainable and environmentally friendly solutions. As the world grapples with climate change and environmental degradation, industries are under increasing pressure to adopt practices that minimize their ecological footprint. Thermoplastic pipes, made from recyclable materials such as polyethylene and polypropylene, are gaining traction as a sustainable alternative to traditional piping materials like steel and concrete.

The production of thermoplastic pipes generally involves lower energy consumption compared to the manufacturing processes of traditional materials. Additionally, the lightweight nature of thermoplastic pipes contributes to reduced transportation costs and emissions. As governments and industries worldwide commit to sustainability goals, the demand for thermoplastic pipes in applications such as water distribution, sewage systems, and oil and gas transportation is on the rise.

Advancements in polymer science are driving the development of biodegradable thermoplastics, offering a promising avenue for reducing environmental impact further. The integration of sustainable practices into the production and use of thermoplastic pipes is expected to be a prevailing trend, influencing both industry standards and consumer preferences.

Adoption of Smart Technologies for Monitoring and Maintenance

Another notable trend shaping the global thermoplastic pipe market is the increasing adoption of smart technologies for monitoring and maintenance. As industries across sectors embrace Industry 4.0 and the Internet of Things (IoT), there is a growing demand for intelligent solutions that enhance the efficiency and reliability of infrastructure systems. In the realm of thermoplastic pipes, incorporating sensors and monitoring devices is becoming a key trend.

Smart technologies enable real-time monitoring of various parameters such as pressure, temperature, and flow within thermoplastic piping systems. This data can be analyzed to predict potential issues, optimize performance, and schedule preventive maintenance, thereby minimizing downtime and reducing operational costs. The integration of these technologies is particularly beneficial in critical applications such as oil and gas pipelines and water distribution networks.

The use of smart technologies contributes to the development of digital twins, virtual replicas of physical piping systems. This facilitates more effective decision-making, allowing operators to visualize and simulate the behavior of the thermoplastic pipes under different conditions. The adoption of smart technologies not only enhances the overall efficiency of thermoplastic pipe systems but also aligns with the broader trend of digital transformation across industries. As connectivity and data analytics continue to advance, the integration of smart technologies is poised to become a standard practice in the design, operation, and maintenance of thermoplastic pipe infrastructure globally.

Segmental Insights

Application Insights

The Onshore segment is projected to experience rapid growth during the forecast period. The onshore segment is a critical component of the global thermoplastic pipe market, with applications spanning various industries such as oil and gas, water and wastewater management, mining, and agriculture.

The onshore segment of the thermoplastic pipe market is primarily driven by the expanding onshore oil and gas exploration and production activities. The flexibility, corrosion resistance, and durability of thermoplastic pipes make them well-suited for use in onshore oilfields, where the pipes are exposed to challenging environmental conditions and corrosive substances. The lightweight nature of thermoplastic pipes contributes to ease of transportation and installation in onshore locations, reducing overall project costs.

In the water and wastewater management sector, thermoplastic pipes find extensive use in onshore applications such as water distribution networks, irrigation systems, and sewage conveyance. The flexibility of thermoplastic pipes is particularly advantageous in regions with varying topography, enabling easier installation and adaptation to changing landscape conditions.

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Regional Insights

Asia-Pacific emerged as the dominating region in 2023, holding the largest market share. The growing energy demand has led to increased onshore and offshore oil and gas exploration activities in the Asia Pacific. Thermoplastic pipes, known for their corrosion resistance and flexibility, find applications in both onshore and offshore projects. As countries in the region invest in domestic energy production, the demand for thermoplastic pipes in oil and gas applications is expected to rise.

Agriculture is a significant sector in many Asia Pacific countries. Thermoplastic pipes are used in agricultural irrigation systems due to their flexibility, durability, and resistance to chemicals. As the need for efficient water management in agriculture intensifies, the demand for thermoplastic pipes is likely to grow.

The Asia Pacific region is witnessing a trend towards the development of smart cities and intelligent infrastructure. The integration of smart technologies, such as sensors and monitoring systems, into thermoplastic pipe networks is becoming more prevalent. This trend aligns with the region's emphasis on digital transformation and sustainable urban development.

Environmental sustainability is gaining prominence in the Asia Pacific, driven by concerns about climate change and pollution. The adoption of recyclable thermoplastic materials and the development of eco-friendly piping solutions are emerging trends. Governments and industries are increasingly focusing on environmentally responsible practices, influencing the choice of materials in infrastructure projects.

The Asia Pacific thermoplastic pipe market is characterized by dynamic growth fueled by infrastructure development, energy exploration, and agricultural activities. While the region offers substantial opportunities, companies need to navigate challenges related to market competition, quality assurance, and cultural variations. The adoption of smart technologies and a commitment to sustainable practices are shaping the trajectory of the thermoplastic pipe market in the Asia Pacific, reflecting broader global trends in the industry.

Recent Developments

Mexichem acquired Wavin in 2019.

Key Market Players

Pipelife Nederland B.V.
Strohm B.V.
Master Tech Company FZC
Advanced Drainage Systems, Inc.
AMIANTIT Service GmbH
Georg Fischer Ltd.
Baker Hugher Company
F.W Webb Company
Tianjin Jingtong Pipe Industry Co., Ltd.
BioCote Limited

By Polymer Type	By Application	By End-User	By Region
Polyethylene Polypropylene Polyvinylidene Fluoride Polyvinyl Chloride Others	Onshore Offshore	Oil & Gas Water & Wastewater Mining & Dredging Utilities & Renewables	North America Europe Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Thermoplastic Pipe Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Thermoplastic Pipe Market, By Polymer Type:

o Polyethylene

o Polypropylene

o Polyvinylidene Fluoride

o Polyvinyl Chloride

o Others

Thermoplastic Pipe Market, By Application:

o Onshore

o Offshore

Thermoplastic Pipe Market, By End-User:

o Oil & Gas

o Water & Wastewater

o Mining & Dredging

o Utilities & Renewables

Thermoplastic Pipe Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Netherlands

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Thailand

§ Malaysia

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Thermoplastic Pipe Market.

Available Customizations:

Global Thermoplastic Pipe Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Thermoplastic Pipe Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6. Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1.Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global Thermoplastic Pipe Market

5. Voice of Customer

6. Global Thermoplastic Pipe Market Overview

7. Global Thermoplastic Pipe Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Polymer Type (Polyethylene, Polypropylene, Polyvinylidene Fluoride, Polyvinyl Chloride and Others)

7.2.2.By Application (Onshore and Offshore)

7.2.3.By End-User (Oil & Gas, Water & Wastewater, Mining & Dredging and Utilities & Renewables)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Thermoplastic Pipe Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Polymer Type

8.2.2.By Application

8.2.3.By End-User

8.2.4.By Country

8.3. North America: Country Analysis

8.3.1.United States Thermoplastic Pipe Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Polymer Type

8.3.1.2.2. By Application

8.3.1.2.3. By End-User

8.3.2.Canada Thermoplastic Pipe Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Polymer Type

8.3.2.2.2. By Application

8.3.2.2.3. By End-User

8.3.3.Mexico Thermoplastic Pipe Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Polymer Type

8.3.3.2.2. By Application

8.3.3.2.3. By End-User

9. Europe Thermoplastic Pipe Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Polymer Type

9.2.2.By Application

9.2.3.By End-User

9.2.4.By Country

9.3. Europe: Country Analysis

9.3.1.Germany Thermoplastic Pipe Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Polymer Type

9.3.1.2.2. By Application

9.3.1.2.3. By End-User

9.3.2.France Thermoplastic Pipe Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Polymer Type

9.3.2.2.2. By Application

9.3.2.2.3. By End-User

9.3.3.United Kingdom Thermoplastic Pipe Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Polymer Type

9.3.3.2.2. By Application

9.3.3.2.3. By End-User

9.3.4.Italy Thermoplastic Pipe Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Polymer Type

9.3.4.2.2. By Application

9.3.4.2.3. By End-User

9.3.5.Spain Thermoplastic Pipe Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Polymer Type

9.3.5.2.2. By Application

9.3.5.2.3. By End-User

9.3.6.Netherlands Thermoplastic Pipe Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Polymer Type

9.3.6.2.2. By Application

9.3.6.2.3. By End-User

9.3.7.Belgium Thermoplastic Pipe Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Polymer Type

9.3.7.2.2. By Application

9.3.7.2.3. By End-User

10. South America Thermoplastic Pipe Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Polymer Type

10.2.2. By Application

10.2.3. By End-User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Thermoplastic Pipe Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Polymer Type

10.3.1.2.2. By Application

10.3.1.2.3. By End-User

10.3.2. Colombia Thermoplastic Pipe Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Polymer Type

10.3.2.2.2. By Application

10.3.2.2.3. By End-User

10.3.3. Argentina Thermoplastic Pipe Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Polymer Type

10.3.3.2.2. By Application

10.3.3.2.3. By End-User

10.3.4. Chile Thermoplastic Pipe Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Polymer Type

10.3.4.2.2. By Application

10.3.4.2.3. By End-User

11. Middle East & Africa Thermoplastic Pipe Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Polymer Type

11.2.2. By Application

11.2.3. By End-User

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Thermoplastic Pipe Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Polymer Type

11.3.1.2.2. By Application

11.3.1.2.3. By End-User

11.3.2. UAE Thermoplastic Pipe Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Polymer Type

11.3.2.2.2. By Application

11.3.2.2.3. By End-User

11.3.3. South Africa Thermoplastic Pipe Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Polymer Type

11.3.3.2.2. By Application

11.3.3.2.3. By End-User

11.3.4. Turkey Thermoplastic Pipe Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Polymer Type

11.3.4.2.2. By Application

11.3.4.2.3. By End-User

12. Asia-Pacific Thermoplastic Pipe Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Polymer Type

12.2.2. By Application

12.2.3. By End-User

12.2.4. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China Thermoplastic Pipe Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Polymer Type

12.3.1.2.2. By Application

12.3.1.2.3. By End-User

12.3.2. India Thermoplastic Pipe Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Polymer Type

12.3.2.2.2. By Application

12.3.2.2.3. By End-User

12.3.3. Japan Thermoplastic Pipe Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Polymer Type

12.3.3.2.2. By Application

12.3.3.2.3. By End-User

12.3.4. South Korea Thermoplastic Pipe Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Polymer Type

12.3.4.2.2. By Application

12.3.4.2.3. By End-User

12.3.5. Australia Thermoplastic Pipe Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Polymer Type

12.3.5.2.2. By Application

12.3.5.2.3. By End-User

12.3.6. Thailand Thermoplastic Pipe Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Polymer Type

12.3.6.2.2. By Application

12.3.6.2.3. By End-User

12.3.7. Malaysia Thermoplastic Pipe Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Polymer Type

12.3.7.2.2. By Application

12.3.7.2.3. By End-User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

10.

11.

12.

13.

14.

15.

15.1. Pipelife Nederland BV

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Airborne Oil & Gas BV

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Master Tech Company FZC

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. Future Pipe Industries

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. AMIANTIT Service GmbH

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Aetna Plastics Corporation

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. Cosmoplast Industry Co

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. F.W Webb Company

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. Tianjin Jingtong Pipe Industry Co

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. BioCote Limited

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Thermoplastic Pipe Market in 2023?

The market size of the Global Thermoplastic Pipe Market was USD 4.72 billion in 2023. Thermoplastic pipes find extensive applications across various end-use industries such as oil & gas, water & wastewater treatment, chemicals, mining, and agriculture. The growing demand for these pipes in these industries due to their superior properties such as corrosion resistance, flexibility, and durability is a significant driver for market growth.

Which was the dominant segment in the Global Thermoplastic Pipe Market in 2023?

The Onshore segment demonstrated significant dominance in 2023. The growth of the onshore segment within the thermoplastic pipe market is predominantly fueled by the increasing exploration and production activities in onshore oil and gas fields. Thermoplastic pipes are favored for their flexibility, resistance to corrosion, and long-lasting durability, making them highly suitable for deployment in onshore oilfields. These pipes excel in withstanding harsh environmental conditions and corrosive substances commonly encountered in onshore operations, thus serving as reliable assets in the oil and gas industry's onshore endeavors.

Which is the dominant region in the Global Thermoplastic Pipe Market?

Asia-Pacific dominated the market in 2023. The rapid pace of urbanization and industrialization in countries like China, India, and Southeast Asian nations has spurred the demand for infrastructure development projects. Thermoplastic pipes are widely used in water supply, sewerage, and industrial applications, contributing to market growth.

What are the major drivers for the Global Thermoplastic Pipe Market?

Initial High Costs, Replacement of traditional materials and Perception of Affordability are some of the major drivers for the Global Thermoplastic Pipe Market.

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