According to a new market report published by Lucintel, the future of the thermoplastic pipe market looks promising with opportunities in oil & gas, water & wastewater, mining & dredging, and utility & renewable applications. The global thermoplastic pipe market is expected to grow with a CAGR of 5%-6% from 2020 to 2025. The major drivers for this market are growing deep-water and ultra-deepwater oil & gas production & exploration activities and increasing mining activities.
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In this market, reinforced thermoplastic pipes (RTP) and thermoplastic composite pipes (TCP) are the major product types. Lucintel forecasts thermoplastic composite pipes (TCP) will be the fastest growing product type segment over the forecast period due to their increasing usage in greater water depths upto 3,000 meters in offshore. Moreover, they can also be laid upto 4 kilometers of continuous length as compared to steel pipes.
Within this market, oil & gas will remain the largest application segment over the forecast period due to its cost, durability, and lightweight advantages over steel pipes.
Asia Pacific will remain the largest region over the forecast period due to urbanization and industrialization growth along with increasing mining activities in China, Australia, and India, which are likely to drive the thermoplastic pipe market in the region.
Advanced Drainage Systems, TechnipFMC, National Oilwell Varco, Airborne Oil & Gas, Magma Global, Baker Hughes, Chevron Philips Chemical, Prysmian, Georg Fischer, Shawcor, and Uponor are among the major suppliers in the global thermoplastic pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global thermoplastic pipe market by application, product type, polymer type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Thermoplastic 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 pipe market by application, product type, polymer type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Oil & Gas
Water & Wastewater
Mining & Dredging
Utilities & Renewables
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Reinforced Thermoplastic Pipes (RTP)
Thermoplastic Composite Pipes (TCP)
By Polymer Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Polyethylene (PE)
Polypropylene (PP)
Polyvinylidene Fluoride (PVDF)
Polyvinyl Chloride (PVC)
Others
By Region [Value ($ Million) from shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United kingdom
Germany
France
Italy
Spain
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.
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