Thermoplastic Pipe Market Forecast (2024-2031), Size, Share
The Thermoplastic Pipe Market is expected to register a CAGR of 4.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Thermoplastic Pipe Market covers analysis by Type (PVC, PE, PA, PP, PVDF, Others); Application (Oil and Gas, Municipal, Chemical, Mining and Dredging, Others) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Purpose of the ReportThe report Thermoplastic Pipe Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Thermoplastic Pipe Market Segmentation
Type- PVC
- PE
- PA
- PP
- PVDF
- Others
- Oil and Gas
- Municipal
- Chemical
- Mining and Dredging
- Others
Strategic Insights
Thermoplastic Pipe Market Growth Drivers- Increasing Infrastructure Development Projects Across the Globe: Investing in infrastructure development is increased in most parts of the world, particularly among developing economies. Thermoplastic pipes are chosen over others based on excellent durability, good resistance to corrosion, and lightweight characteristics, which fits several applications in water supply, sewage, and drainage.
- Growing demand in Oil and Gas Sector: Thermoplastic pipes are being used more in the oil and gas sector as they have lightweight and resistance to corrosion. This trend is observed, especially in offshore applications since the traditional materials do not work well under such conditions. With new expansion of explorations in and production, the consumption level in this market is believed to increase the demand and raise growth in this market.
- Shifting Demand Towards Sustainable Materials: The construction and manufacturing sector is increasingly shifting their demand towards sustainable, recyclable materials. As the thermoplastic pipe is recyclable and portrays a lower environmental impact in comparison to traditional materials, the industries are increasingly adopting these pipes to minimize carbon footprint and comply with environmental regulations.
- Greater adoption for applications of renewable energy: There is more demand for thermoplastic pipes for the application in renewable energy, which encompasses solar and wind energy projects. Thermoplastic pipes are used to transport fluids in solar thermal systems as well as in protection of cables in wind farms. Due to the rapidly developing renewable energy industry worldwide, there would be a continued rise in the demand for more reliable and durable thermoplastic piping solutions, which signifies a trend in the upward market.
- Technological advancements: Manufacturing processes and materials are continually advancing, which enables advanced thermoplastic pipes to be developed with improved properties like better chemical resistance and temperature tolerance. This has made them more widely used in more demanding applications, especially in industrial and chemical processing.
- Collaboration with Industry Stakeholders: Collaboration with industry stakeholders such as construction firms, engineering companies, and government agencies is an opportunity for the thermoplastic pipes market. Manufacturers can learn about the market trends, customer needs, and regulatory requirements by interacting with these stakeholders. This interaction will lead to the creation of customized piping solutions to address the specific challenges of different industries, which will boost sales and improve customer satisfaction.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermoplastic Pipe Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Thermoplastic Pipe Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The major players in the market includes NOV, Wienerberger, TechnipFMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, Prysmian Group, Strohm, Baker Hughes Company, Pipelife Nederland BV, Airborne Oil & Gas BV
The high manufacturing cost for the reciprocating compressors hinders the market growth.
The Thermoplastic Pipe Market is estimated to witness a CAGR of 4.2% from 2023 to 2031
The major factors driving the Thermoplastic Pipe Market are: Rising oil and gas sector investment with surge in industralization activities across the globe drives the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Thermoplastic Pipe Market - By Type
1.3.2 Thermoplastic Pipe Market - By Application
1.3.3 Thermoplastic Pipe Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. THERMOPLASTIC PIPE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. THERMOPLASTIC PIPE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. THERMOPLASTIC PIPE MARKET - GLOBAL MARKET ANALYSIS
6.1. THERMOPLASTIC PIPE - GLOBAL MARKET OVERVIEW
6.2. THERMOPLASTIC PIPE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. THERMOPLASTIC PIPE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PVC
7.3.1. Overview
7.3.2. PVC Market Forecast and Analysis
7.4. PE
7.4.1. Overview
7.4.2. PE Market Forecast and Analysis
7.5. PA
7.5.1. Overview
7.5.2. PA Market Forecast and Analysis
7.6. PP
7.6.1. Overview
7.6.2. PP Market Forecast and Analysis
7.7. PVDF
7.7.1. Overview
7.7.2. PVDF Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. THERMOPLASTIC PIPE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. MUNICIPAL
8.4.1. Overview
8.4.2. Municipal Market Forecast and Analysis
8.5. CHEMICAL
8.5.1. Overview
8.5.2. Chemical Market Forecast and Analysis
8.6. MINING AND DREDGING
8.6.1. Overview
8.6.2. Mining and Dredging Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. THERMOPLASTIC PIPE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Thermoplastic Pipe Market Overview
9.1.2 North America Thermoplastic Pipe Market Forecasts and Analysis
9.1.3 North America Thermoplastic Pipe Market Forecasts and Analysis - By Type
9.1.4 North America Thermoplastic Pipe Market Forecasts and Analysis - By Application
9.1.5 North America Thermoplastic Pipe Market Forecasts and Analysis - By Countries
9.1.5.1 United States Thermoplastic Pipe Market
9.1.5.1.1 United States Thermoplastic Pipe Market by Type
9.1.5.1.2 United States Thermoplastic Pipe Market by Application
9.1.5.2 Canada Thermoplastic Pipe Market
9.1.5.2.1 Canada Thermoplastic Pipe Market by Type
9.1.5.2.2 Canada Thermoplastic Pipe Market by Application
9.1.5.3 Mexico Thermoplastic Pipe Market
9.1.5.3.1 Mexico Thermoplastic Pipe Market by Type
9.1.5.3.2 Mexico Thermoplastic Pipe Market by Application
9.2. EUROPE
9.2.1 Europe Thermoplastic Pipe Market Overview
9.2.2 Europe Thermoplastic Pipe Market Forecasts and Analysis
9.2.3 Europe Thermoplastic Pipe Market Forecasts and Analysis - By Type
9.2.4 Europe Thermoplastic Pipe Market Forecasts and Analysis - By Application
9.2.5 Europe Thermoplastic Pipe Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Thermoplastic Pipe Market
9.2.5.1.1 Germany Thermoplastic Pipe Market by Type
9.2.5.1.2 Germany Thermoplastic Pipe Market by Application
9.2.5.2 France Thermoplastic Pipe Market
9.2.5.2.1 France Thermoplastic Pipe Market by Type
9.2.5.2.2 France Thermoplastic Pipe Market by Application
9.2.5.3 Italy Thermoplastic Pipe Market
9.2.5.3.1 Italy Thermoplastic Pipe Market by Type
9.2.5.3.2 Italy Thermoplastic Pipe Market by Application
9.2.5.4 United Kingdom Thermoplastic Pipe Market
9.2.5.4.1 United Kingdom Thermoplastic Pipe Market by Type
9.2.5.4.2 United Kingdom Thermoplastic Pipe Market by Application
9.2.5.5 Russia Thermoplastic Pipe Market
9.2.5.5.1 Russia Thermoplastic Pipe Market by Type
9.2.5.5.2 Russia Thermoplastic Pipe Market by Application
9.2.5.6 Rest of Europe Thermoplastic Pipe Market
9.2.5.6.1 Rest of Europe Thermoplastic Pipe Market by Type
9.2.5.6.2 Rest of Europe Thermoplastic Pipe Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Thermoplastic Pipe Market Overview
9.3.2 Asia-Pacific Thermoplastic Pipe Market Forecasts and Analysis
9.3.3 Asia-Pacific Thermoplastic Pipe Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Thermoplastic Pipe Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Thermoplastic Pipe Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Thermoplastic Pipe Market
9.3.5.1.1 Australia Thermoplastic Pipe Market by Type
9.3.5.1.2 Australia Thermoplastic Pipe Market by Application
9.3.5.2 China Thermoplastic Pipe Market
9.3.5.2.1 China Thermoplastic Pipe Market by Type
9.3.5.2.2 China Thermoplastic Pipe Market by Application
9.3.5.3 India Thermoplastic Pipe Market
9.3.5.3.1 India Thermoplastic Pipe Market by Type
9.3.5.3.2 India Thermoplastic Pipe Market by Application
9.3.5.4 Japan Thermoplastic Pipe Market
9.3.5.4.1 Japan Thermoplastic Pipe Market by Type
9.3.5.4.2 Japan Thermoplastic Pipe Market by Application
9.3.5.5 South Korea Thermoplastic Pipe Market
9.3.5.5.1 South Korea Thermoplastic Pipe Market by Type
9.3.5.5.2 South Korea Thermoplastic Pipe Market by Application
9.3.5.6 Rest of Asia-Pacific Thermoplastic Pipe Market
9.3.5.6.1 Rest of Asia-Pacific Thermoplastic Pipe Market by Type
9.3.5.6.2 Rest of Asia-Pacific Thermoplastic Pipe Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Thermoplastic Pipe Market Overview
9.4.2 Middle East and Africa Thermoplastic Pipe Market Forecasts and Analysis
9.4.3 Middle East and Africa Thermoplastic Pipe Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Thermoplastic Pipe Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Thermoplastic Pipe Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Thermoplastic Pipe Market
9.4.5.1.1 South Africa Thermoplastic Pipe Market by Type
9.4.5.1.2 South Africa Thermoplastic Pipe Market by Application
9.4.5.2 Saudi Arabia Thermoplastic Pipe Market
9.4.5.2.1 Saudi Arabia Thermoplastic Pipe Market by Type
9.4.5.2.2 Saudi Arabia Thermoplastic Pipe Market by Application
9.4.5.3 U.A.E Thermoplastic Pipe Market
9.4.5.3.1 U.A.E Thermoplastic Pipe Market by Type
9.4.5.3.2 U.A.E Thermoplastic Pipe Market by Application
9.4.5.4 Rest of Middle East and Africa Thermoplastic Pipe Market
9.4.5.4.1 Rest of Middle East and Africa Thermoplastic Pipe Market by Type
9.4.5.4.2 Rest of Middle East and Africa Thermoplastic Pipe Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Thermoplastic Pipe Market Overview
9.5.2 South and Central America Thermoplastic Pipe Market Forecasts and Analysis
9.5.3 South and Central America Thermoplastic Pipe Market Forecasts and Analysis - By Type
9.5.4 South and Central America Thermoplastic Pipe Market Forecasts and Analysis - By Application
9.5.5 South and Central America Thermoplastic Pipe Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Thermoplastic Pipe Market
9.5.5.1.1 Brazil Thermoplastic Pipe Market by Type
9.5.5.1.2 Brazil Thermoplastic Pipe Market by Application
9.5.5.2 Argentina Thermoplastic Pipe Market
9.5.5.2.1 Argentina Thermoplastic Pipe Market by Type
9.5.5.2.2 Argentina Thermoplastic Pipe Market by Application
9.5.5.3 Rest of South and Central America Thermoplastic Pipe Market
9.5.5.3.1 Rest of South and Central America Thermoplastic Pipe Market by Type
9.5.5.3.2 Rest of South and Central America Thermoplastic Pipe Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. THERMOPLASTIC PIPE MARKET, KEY COMPANY PROFILES
11.1. ADVANCED DRAINAGE SYSTEMS, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AETNA PLASTICS CORP.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AIRBORNE OIL AND GAS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHEVRON PHILLIPS CHEMICAL COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. COSMOPLAST IND. CO. (HARWAL GROUP OF COMPANIES)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GEORG FISCHER PIPING SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IPEX GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAUDI ARABIAN AMIANTIT CO.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIMTECH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TECHNIPFMC PLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Advanced Drainage Systems, Inc.
2. Aetna Plastics Corp.
3. Airborne Oil and Gas
4. Chevron Phillips Chemical Company
5. Cosmoplast Ind. Co. (Harwal Group of Companies)
6. Georg Fischer Piping Systems
7. IPEX Group
8. Saudi Arabian Amiantit Co.
9. Simtech
10. TechnipFMC plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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