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.
Browse the full report description of “Thermoplastic Pipe Market Size, Share, and Trends Analysis Report by Product Type (Reinforced Thermoplastic Pipes and Thermoplastic Composite Pipes), by Polymer Type (Polyethylene, Polypropylene, Polyvinylidene Fluoride, and Polyvinylchloride), and by End-Use Industry (Oil and Gas, Water and Wastewater, Mining and Dredging, Utilities and Renewable, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/thermoplastic-pipe-market
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.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Polymer Type
o By End-Use Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- NOV Ltd., Wienerberger AG, Technip FMC, Georg Fischer, Advanced Drainage Systems, Chevron Philips Chemical Company, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Thermoplastic Pipe Market Report by Segment
By Product Type
By Polymer Type
By End-Use Industry
Global Thermoplastic Pipe Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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