thermoplastic pipes market
Technology

Global thermoplastic pipes market growth expected to be driven by Rising Demand for Thermoplastic Pipes from Various End-Use Industries

Thermoplastic pipes have properties such as good chemical resistance, flexibility, high chemical strength, and rust resistance. Thermoplastic pipes are generally used for transportation of liquids, but can also be beneficial in transportation of gases and solids. Based on type of polymer thermoplastic pipes are categorized into polyvinylidene fluoride (PVDF), polyethylene (PE), polyamide (PA), polypropylene (PP), etc.

A major factor driving growth of the global thermoplastic pipes market is increasing demand of thermoplastic pipes from various end-use industries especially from oil & gas, chemicals, mining industries. Additionally, increase in number of deep sea drilling activities across the globe, and rise in unconventional shale gas projects are some other factors anticipated to aid in growth of the global market over the forecast period.

High manufacturing cost is a key factor restricting growth of the global thermoplastic pipes market. In addition, complex procedure for reinforcing fibre from thermoplastic resins, and lack of skilled labours are other factors anticipated to hinder growth of the global thermoplastic pipes market over the forecast period.

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The global thermoplastic pipes market is segmented on the basis of type, application, and region. On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific market accounted for largest market share in terms of revenue in the global thermoplastic pipes market, as compared to that of markets in other regions. This can be attributed to increasing demand for thermoplastic pipes in chemical industry and municipal corporation for water & wastewater supply in countries such as China, India, etc. Owing to rising shale gas projects in the region, the market in North America accounted for second-largest revenue share in the global thermoplastic pipes market. Moreover, owing to discovery and development of new oil and natural gas reserves, the market in Middle East is expected to register moderate growth over the forecast period.

Prominent players in the global thermoplastic pipes market include 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., and Aetna Plastics Corporation.

About the author

Ronnie Huynh

Ronnie has been into market research industry for last 5 years. He has a keen interest and deep knowledge of research industry. He has a stint of experience working as Research Analyst. His goals in life are simple – to keep writing as long as he possibly can.

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