According to a new market report published by Lucintel, the future of the thermoplastic composite pipe market looks promising with opportunities in the oil & gas, water & wastewater, mining & dredging, and utilities & renewables industries. The global thermoplastic composite pipe market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are growing ultra-deepwater oil & gas production, rising exploration activities in countries, such as the US & Canada, increasing mining activities in China, Australia, and India, and stringent water & wastewater treatment regulations globally.
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Thermoplastic composite pipes have a solid wall construction constituted from a single polymer material with embedded (melt-fused) fiber reinforcements. In this market, PE (polyethylene), PP (polypropylene), PVDF (polyvinylidene fluoride), and PVC (polyvinyl chloride) are the major polymer types of thermoplastic composite pipes. Lucintel forecasts that PE thermoplastic composite pipe will remain the largest polymer type segment over the forecast period, as it enhances the toughness & temperature resistance of the material and exhibits lightweight, flexible, and easy to weld properties
Within this market, oil & gas will remain the largest application segment over the forecast period due to the cost, durability, and lightweight advantages of thermoplastic composite pipes over steel pipes. Thermoplastic composite pipes are more suitable in oil & gas application.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing urbanization and industrialization in this region and increasing mining activities in counties, like China and India.
Advanced Drainage Systems, TechnipFMC, National Oilwell Varco, Airborne Oil & Gas, Magma Global, Baker Hughes, Chevron Philips Chemical, Prysmian, Georg Fischer, and Shawcor are among the major suppliers in the global thermoplastic composite pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global thermoplastic composite pipe market by polymer type, resin type, diameter, pressure rating, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Thermoplastic Composite Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global thermoplastic composite pipe market by polymer type, resin type, diameter, pressure rating, application, and region as follows:
By Polymer Type [Value ($ Million) shipment analysis for 2014 – 2025]:
PE (Polyethylene
PP (Polypropylene)
PVDF (Polyvinylidene Fluoride)
PVC (Polyvinyl Chloride)
Others
By Resin Type [Value ($ Million) shipment analysis for 2014 – 2025]:
PA (Polyamide)
PEEK (Polyether Ether Ketone)
Hybrid
Others
By Diameter [Value ($ Million) shipment analysis for 2014 – 2025]:
Small Diameter Pipes
Large Diameter Pipes
By Pressure Rating [Value ($ Million) shipment analysis for 2014 – 2025]:
Low Pressure Pipes
High Pressure Pipes
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Oil & Gas
Water & Wastewater
Mining & Dredging
Utilities & Renewables
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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