Global Thermoplastic Pipes Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global thermoplastic pipes market in its upcoming report titled, “Global Thermoplastic Pipes Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global thermoplastic pipes market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global thermoplastic pipes market report has been segmented on the basis of type, application, and region.
Thermoplastic pipes are primarily used in transportation of liquids, but these pipes can also be used to transport solids and gases. Thermoplastic pipes have unique properties such as flexibility, good chemical resistance, resistance to rust, and high chemical strength. Depending upon the polymer type thermoplastic pipes are classified into polyethylene (PE), polyvinylidene fluoride (PVDF), polyvinyl chloride (PVC), polyamide (PA), polypropylene (PP), etc. Main advantage of these pipes is, comparatively less amount of installation time required than that for steel pipes.
Owing to physical properties of thermoplastic pipes such as flexibility, toughness, and high temperature resistance, demand is growing in various end-use industries – especially in oil & gas, chemicals, mining, etc. This is a key factor driving growth of the global thermoplastic pipes market. In addition, increasing onshore and offshore drilling activities, and increasing shale gas discoveries are other factors expected to boost growth of the global thermoplastics pipes market over the forecast period.
However, high costs associated with production of thermoplastic pipes is a major factor restraining growth of the global thermoplastic pipes market. Additionally, lack of skilled workforce, and complex process of reinforcing fibre from thermoplastic resin are some other factors expected to hamper growth of the global thermoplastic pipes market over the forecast period.
Currently, the market in Asia Pacific accounts for largest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to increasing oil & gas exploration activities, and rising demand for thermoplastic pipes in chemical industry in emerging economies such as China, India, etc. The market in North America accounted for second-highest revenue share in the global thermoplastic pipes market, due to increasing shale gas projects in countries in the region. Also, the market in Middle East is expected to show moderate growth over the forecast period, owing to discovery of new hydrocarbon reserves in the region.
Global thermoplastic market segmentation:
- Polyvinyl Chloride (PVC)
- Polyvinylidene Fluoride (PVDF)
- Polyethylene (PE)
- Oil & Gas
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Simtech, Inc.
- Chevron Phillips Chemical Company LLC
- Advanced Drainage Systems, Inc.
- Airborne Oil & Gas
- National Oilwell Varco, L.P.
- Prysmian S.p.A.
- Georg Fischer Piping Systems Ltd.
- IPEX Inc.
- Aetna Plastics Corporation.
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