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The thermoplastic pipe market size has experienced robust growth, increasing from $3.04 billion in 2023 to $3.23 billion in 2024, with a compound annual growth rate (CAGR) of 6.1%. This growth in the historic period can be attributed to regulatory changes, infrastructure development, global economic conditions, and environmental concerns. Looking ahead, the market is expected to witness strong growth, reaching $4.1 billion in 2028, with a CAGR of 6.1%. Growth in the forecast period can be attributed to the expanding oil and gas industry, rising adoption of renewable energy, increased usage of thermoplastic pipes, and government regulations aimed at safely transporting oil and natural gases. Major trends in the forecast period include material advancements, hybrid solutions and composites, adoption of advanced manufacturing techniques, and innovation and competition.

The thermoplastic pipe market is poised for growth due to the increasing demand from the oil and gas industry for corrosion-resistant solutions. Corrosion in pipelines poses a significant challenge, and thermoplastics are emerging as a reliable and practical solution in the production and transportation of oil and gas. These pipes, being lighter and more resistant to corrosion than metals, enable exploration and production from deeper offshore oilfields. According to the Association for Materials Protection and Performance (AMPP), the annual cost of corrosion to the oil and gas sector in the United States is estimated to be $27 billion, with a global annual cost exceeding $60 billion. The rising demand for corrosion-resistant solutions is a driving force behind the thermoplastic pipe market in 2023, 2024, and 2028.

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What Are The Key Trends That Influence Thermoplastic Pipe Market Share Analysis?

Product innovations are the key trend gaining popularity in the thermoplastic pipe market. Major companies operating in the market are developing innovative thermoplastic pipes with advanced features such as fire and corrosion resistance, lightweight construction, integrated reinforcement layers, unique end-uses, and others to sustain their position in the market. For instance, in March 2022, GP Piping Systems, a Switzerland-based company operating in thermoplastic pipes launched Heat-fit, an innovative fire-retardant solution for thermoplastic pipes in the shipbuilding industry. This is the first-fire-retardant pipe jacket solution for providing a corrosion-free, and lightweight thermoplastic piping system used in various applications such as merchant vessels, offshore platforms, and onboard cruise ships.

Which Market Players Are Driving Growth In The Thermoplastic Pipe Market?

Major companies operating in the thermoplastic pipe market report are Baker Hughes Company, Prysmian Group, Chevron Phillips Chemical Company LLC, Uponor Corporation, National Oilwell Varco, Inc, TechnipFMC plc, Wienerberger AG, Georg Fischer Ltd, Mueller Industries, Inc., GF Piping Systems, Inteplast Group, Advanced Drainage Systems Inc, JM Eagle Inc., Shawcor Ltd, Pipelife, IPEX Inc, Pes-Tec Germany, Nibco Inc., Saudi Arabian Amiantit Co, Strohm BV, Aetna Plastics Corp, Pexmart CC, Wavin India Pipes and Fittings Manufacturing Private Limited, Polyplastic, Algriplast, National Material Company, Plasti-Fab Inc., Genova Industries, Corzan Piping Systems, Sioux Group

How Is The Global Thermoplastic Pipe Market Segmented?

The thermoplastic pipe market covered in this report is segmented –

1) By Product Type: Reinforced Thermoplastic Pipes (RTP), Thermoplastic Composite Pipes (TCP)
2) By Polymer Type: Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyvinyl Chloride (PVC), Other Polymer Types
3) By Application: Onshore, Offshore
4) By End-User: Oil And Gas, Water And Wastewater, Mining And Dredging, Utilities And Renewables

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The Thermoplastic Pipe Global Market Report 2024 provides an overview of the thermoplastic pipemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The thermoplastic pipe market forecast analyzes thermoplastic pipe market size, thermoplastic pipe market share, leading competitor and their market positions.

The Table Of Content For The Thermoplastic Pipe Market Include

1. Thermoplastic Pipe Market Executive Summary
2. Thermoplastic Pipe Market Segments
3. Thermoplastic Pipe Market Size And Template Market Growth Rate
4.  Key Thermoplastic Pipe Market Trends
5. Major Thermoplastic Pipe Market Drivers
……
25. Key Mergers And Acquisitions In The Thermoplastic Pipe Market
26. Top Thermoplastic Pipe Companies
27. Thermoplastic Pipe Market Opportunities And Strategies
28. Thermoplastic Pipe Market, Conclusions And Recommendations
29. Appendix

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