Thermoplastic Pipe Market – Industry Analysis by Size, Share & Growth (2021-2027) | UnivDatos

 

The global thermoplastic pipe market is projected to grow at a CAGR of around 4% during the forecast period. This is mainly due to the increasing use of thermoplastic pipes by the municipal sector for wastewater treatment and transportation, especially in developing nations across regions. Furthermore, the rising application of thermoplastic pipes in offshore and onshore production activities are some other major drivers responsible for market growth. Reinforced thermoplastic pipes (RTP) are being used in the oil & gas industry, where it is used to replace medium-pressure steel pipes. Various significant companies, which are certified for international standards, design pipes with a pressure capacity of up to 450 bar or 6527 psi and can be used for onshore applications. Moreover, the high corrosion rate of conventional pipes entices oil and gas companies to switch to thermoplastic pipes. Furthermore, the involvement of high corrosive fluid during enhances oil recovery (EOR) require regular maintenance of conventional pipes. Thus, the growing replacement of EOR pipelines with the thermoplastic pipe is expected to create an opportunity as well.

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Industry growth witnessed some stress and negative impact due to COVID-19. The sudden outbreak of COVID-19 has sent shockwaves across industries manufacturing, power generation, renewables, nuclear, and oil and gas. The outbreak and the resulting economic slowdown have had an intermediate impact on the thermoplastic pipe industry. The COVID-19 pandemic has forced to stop all the fieldwork of several major projects; therefore, the market witnessed some negative impacts during 2020.

 According to UnivDatos Market Insights (UMI)’ research report “global thermoplastic pipe market”, the market is expected to witness robust growth during the forecast period 2021-2027F. This is mainly due to the rising application of thermoplastic pipes in offshore and onshore production activities are some other major drivers responsible for market growth. For instance, Strohm makes maiden foray into Western Australia with TCP Jumper Spools for Woodside’s Julimar project. With the contract, the Strohm will supply 2” 10,000 psi TCP Jumper Spools to be used for Monoethylene Glycol (MEG) injection service. The TCP Jumper Spools are planned for delivery later this year, and will be deployed in the Julimar field, located approximately 200 km offshore Northwestern Australia.

Based on product type, the market is classified into reinforced thermoplastic pipes (RTP) and thermoplastic composite pipes (TCP). In 2020, RTP accounted for the majority share in the market. RTPs have been replacing steel in many applications including oil and gas pipeline projects, because of its versatility and durability.

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Based on polymer type, the market is categorized into polyethylene (PE), polypropylene (PP), polyvinylidene fluoride (PVDF), polyvinyl chloride (PVC), and others. Amongst polymer type, PE category is expected to witness the fastest growth rate during the forecast period. PE pipes such as High Polyethylene (HDPE) pipes are mainly used in the oil and gas industries due to their ability to withstand demanding service conditions such as high corrosion resistivity and zero reactive properties, and long service periods. So, with the increasing crude oil production, the demand for HDPE pipes is also expected to increase during the forecast period.

Based on application, the market is categorized into oil & gas, chemical, municipal, mining, and others. Among these, the oil & gas category accounted for a significant market share in 2020. This can be attributed to the growing installation of HDPE pipes for gathering and transporting hydrocarbons in the oil and gas industry. Also, HDPE provides other benefits with its abrasion resistance, durability, strength, and serviceability.

North America Held Significant Share in the Market in 2020

For a better understanding of the market adoption of the Thermoplastic Pipe industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and the Rest of World. In 2020, APAC accounted for a significant share in the market owing to an increase in demand for advanced technology, tools, and equipment to increase the efficiency of exploration and production activities in onshore and offshore areas are expected to drive the market for thermoplastic pipe in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global thermoplastic pipe market are Advanced Drainage Systems Inc., Strohm B.V., TechnipFMC plc, Georg Fischer Ltd., Wienerberger AG, Baker Hughes Company, Chevron Phillips Chemical Company LLC, Saudi Arabian Amiantit Co., Simtech Process Systems, and Shawcor Ltd. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global thermoplastic pipe Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1. By Product Type (Reinforced Thermoplastic Pipes (RTP) and Thermoplastic Composite Pipes (TCP))
2. By Polymer Type (Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyvinyl Chloride (PVC), and Others)
3. By Application (Oil & Gas, Chemical, Municipal, Mining, and Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Advanced Drainage Systems Inc., Strohm B.V., TechnipFMC plc, Georg Fischer Ltd., Wienerberger AG, Baker Hughes Company, Chevron Phillips Chemical Company LLC, Saudi Arabian Amiantit Co., Simtech Process Systems, and Shawcor Ltd)

Key questions answered in the study:

1. What are the current and future trends of the global thermoplastic pipe industry?
2. How the industry has been evolving in terms of equipment and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global thermoplastic pipe industry?
5. What is the customer orientation, purchase behavior, and expectations from the global thermoplastic pipe suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL THERMOPLASTIC PIPE MARKET COVID-19 IMPACT

6 GLOBAL THERMOPLASTIC PIPE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

8 MARKET INSIGHTS BY POLYMER TYPE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY REGION

11 THERMOPLASTIC PIPE MARKET DYNAMICS

12 THERMOPLASTIC PIPE MARKET OPPORTUNITIES

13 THERMOPLASTIC PIPE MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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