Jan 11, 2022   SOURCE: BusinessWire

Global Thermoplastic Pipe (TCP and RTP) Market Report 2021-2026: Opportunities in Growing Deep- and Ultra-Deepwater Oil & Gas Exploration and Production Activities - ResearchAndMarkets.com

The "Global Thermoplastic Pipe Market by Product Type (TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, Others), Application (Onshore & Offshore), End-user Industry (Oil & Gas, Water & Wastewater Treatment, Mining & Dredging), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The thermoplastic pipe market is projected to grow from an estimated USD 2.7 billion in 2021 to USD 3.3 million by 2026, at a CAGR of 4.5% during the forecast period.

The leading players in the thermoplastic pipe market are TechnipFMC, Baker Hughes Company, NOV, Georg Fischer, Advanced Drainage Systems, Wienerberger, Strohm, and others.

The Thermoplastic Pipe Market has promising growth potential due to the increasing use of engineered thermoplastic materials in manufacturing pipes. The engineering grades of thermoplastic materials, such as polyamide (PA), polyethylene (PE), and polyvinylidene fluoride (PVDF), are gaining increased acceptance in niche oil & gas applications as well.

Additional properties such as better chemical, corrosion, and wear resistance, light weight, cost-effectiveness, and acceptable mechanical properties compared with metals have made thermoplastics a viable option for various applications, including water transport and distribution, effluent water disposal, high-pressure water injection, seawater intake and discharge, chemical injections, and transport of oil, gas, water, and wastewater in the oil & gas industry.

The onshore segment is expected to dominate the Thermoplastic Pipe Market, by application, during the forecast period.

The onshore segment is expected to hold the largest market share and also grow at the fastest rate during the forecast period. Thermoplastic pipes are used in onshore industry for various applications including high pressure water injection pipelines and transportation, among others.

The polyethylene segment is expected to be the largest Thermoplastic Pipe Market, by polymer type, during the forecast period.

The polyethylene held the largest share of the Thermoplastic Pipe Market owing to its light weight, flexibility, and easy to weld properties. There are two variants of PE pipes available in the market, i.e. HDPE (high-density polyethylene pipes) and PEX (cross-linked polyethylene). The crosslinked structure of polyethylene enhances the toughness and temperature resistance of the material. This enables the content to be specified for use in more harsh environments both at lower and higher temperatures.

Asia Pacific likely to emerge as the largest Thermoplastic Pipe Market.

In this report, the Thermoplastic Pipe Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. The growth of the Asia Pacific market is driven by urbanization and industrialization growth along with increasing mining activities in China, Australia, and India.

Premium Insights

  • Rising Demand for Thermoplastic Pipes in Oil & Gas End-User Industry to Drive Thermoplastic Pipe Market from 2021 to 2026
  • Thermoplastic Pipe Market in South America Expected to Grow at Highest CAGR During Forecast Period
  • Oil & Gas Segment and China Held Largest Shares of Thermoplastic Pipe Market in Asia-Pacific in 2020
  • Reinforced Thermoplastic Pipes (Rtps) Segment is Expected to Dominate the Thermoplastic Pipe Market in 2026
  • Polyethylene (Pe) Segment is Expected to Dominate the Thermoplastic Pipe Market in 2026
  • Oil & Gas Segment is Expected to Dominate Thermoplastic Pipe Market in 2026

Market Dynamics

Drivers

  • Increasing Applications of Thermoplastic Composite Pipes and Reinforced Thermoplastic Pipes in Offshore and Onshore Production Activities
  • Increasing Use of Engineered Thermoplastic Materials in Manufacturing Pipes

Restraints

  • High Cost of Using High-Grade Thermoplastic Composite Pipes

Opportunities

  • Growing Deep- and Ultra-Deepwater Oil & Gas Exploration and Production Activities

Challenges

  • Absence of Global Design and Qualification Standards
  • Difficulties in Large-Scale Manufacturing of Thermoplastic Composite Pipes

COVID-19 Impact

  • Trends/Disruptions Impacting Customers' Businesses
  • Revenue Shift and New Revenue Pockets in Thermoplastic Pipe Market

Pricing Analysis

  • Supply Chain Analysis
  • Raw Material Suppliers
  • Thermoplastic Pipe Manufacturers
  • Engineering, Procurement, and Construction Providers and Thermoplastic Pipe System Manufacturers
  • Distributors
  • End-users

Market Map

  • Innovations and Patent Registration
  • Technology Analysis
  • Thermoplastic Pipe Market: Regulations
  • Porter's Five Forces Analysis

Case Study Analysis

  • Technipfmc to Accelerate Development of Composite Pipe Technologies for Conventional Energy and Co2 Applications

Companies Mentioned

  • Advanced Drainage Systems
  • Technipfmc
  • Georg Fischer
  • Nov
  • Wienerberger
  • Strohm
  • Baker Hughes Company
  • Prysmian Group
  • Chevron Philips Chemical Company
  • Shawcor
  • Ipex
  • Uponor Corporation
  • Saudi Arabian Amiantit
  • Simtech Process Systems
  • Pes.Tec
  • Aetna Plastics
  • Topolo
  • Oiltechpipe
  • Rosturplast
  • Polyplastic Group

For more information about this report visit https://www.researchandmarkets.com/r/nk87mg