Thermoplastic Pipe Market Value Projected to Expand by 2029

The global thermoplastic pipe market is anticipated to grow at a CAGR of around 4.5% during the forecast period. The major factor that is accelerating the growth of the global thermoplastic pipe market includes the presence of prominent market players serving end-user industries with their innovative product developments. For these, the players are also incorporating market strategies such as collaboration, mergers and acquisitions, and business expansion in order to serve the customer better. For instance, in January 2021, Baker Hughes launched its next generation Onshore Composite Flexible Pipe for the energy, oil and gas, and industrial sectors. The launched this product to address the corrosion and cost of ownership challenges with conventional steel pipe in these sectors. The new product launch by the company is the result of its strategic investments for growth in innovative non-metallic materials. Furthermore, in March 2022, GF Piping Systems expanded its product offering with the launch of a range of polyethylene pipes and fittings for use in industrial applications and water and wastewater treatment. 

Additionally, in October 2021, TechnipFMC acquired Magma Global (Magma), one of the leading providers of composite pipe technology to support the energy transition. Through this acquisition, TechnipFMC accelerated the development of breakthrough composite pipe technologies for conventional energy and co2 applications. 

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Market Coverage

                 The market number available for – 2022-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

                 By Product Type

                 By Polymer Type

                 By End-Use Industry

Regions Covered-

                 North America

                 Europe

                 Asia-Pacific

                 Rest of the World

                 Competitive Landscape- NOV Ltd., Wienerberger AG, Technip FMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, among others. 

A full Report of Thermoplastic Pipe Market is Available @  https://www.omrglobal.com/industry-reports/thermoplastic-pipe-market

Thermoplastic Pipe Market Report by Segment

By Product Type

                 Reinforced Thermoplastic Pipes

                 Thermoplastic Composite Pipes

By Polymer Type

                 Polyethylene

                 Polypropylene

                 Polyvinylidene Fluoride

                 Polyvinylchloride

By End-Use Industry

                 Oil And Gas

                 Water And Wastewater

                 Mining And Dredging

                 Utilities And Renewable

                 Others

Thermoplastic Pipe Market Report by Region

North America                                                                                                                                                                            

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles 

                 Advanced Drainage Systems Inc.

                 Aetna Plastics Corp.

                 AGRU Kunststofftechnik Gesellschaft M.B.H

                 Airborne Oil & Gas B.V.

                 Baker Hughes Co.

                 Chevron Phillips Chemical

                 Finolex Industries Ltd.

                 FRANK GmbH

                 Georg Fischer Piping Systems Ltd.

                 IPEX Inc.

                 KWH Pipe

                 National Oilwell Varco, L.P.

                 PES.TEC

                 Prysmian S.p.A.

                 Simtech, Inc.

                 Technip S.A

                 Uponor Corp.

                 Wienerberger

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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