Global Thermoplastic Pipe Market: size was valued at USD 3.2 Bn. in 2021 and the total Thermoplastic Pipe revenue is expected to grow by 4.8% from 2022 to 2029, reaching nearly USD 4.66 Bn.
Global Thermoplastic Pipe Market Overview:
This study’s purpose is to give an overview of the Global Thermoplastic Pipe Market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Global Thermoplastic Pipe companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Global Thermoplastic Pipe market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Global Thermoplastic Pipe Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Global Thermoplastic Pipe Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Global Thermoplastic Pipe Market Dynamic:
The increased focus on generating renewable energy resources may increase the global demand for thermoplastic pipes. Its greater adaptability/ flexibility, lightness, and anti-corrosive qualities increase consumer interest in the product. It helps businesses to cut expenses while increasing productivity. Additionally, increased pipe use in the oil and gas industry is expected to boost industry growth. Strohm, for example, secured a contract with the oil and gas industry in Western Australia.
Besides that, its lower maintenance costs and longer lifespan are expected to increase its appeal across a variety of manufacturers. However, the pipe’s capacity to tolerate high pressures and temperatures is expected to enhance its acceptance. These reasons would drive the thermoplastic pipe market during the forecast period.
Market Scope:
The report also focuses on the leading industry players in the Global Thermoplastic Pipe market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Global Thermoplastic Pipe Market Segmentation:
By Product Type, the Reinforced thermoplastic pipe (RTP) segment dominated the market with the highest market share in 2021. For high-pressure applications, reinforced thermoplastic pipe (RTP) is widely used as an option for steel pipelines. The material is relatively new to the gas sector, but it has been tested and authorized for oil, gas, and water applications at pressures approaching or surpassing 100 bar throughout the Middle East and Europe (pressure rating depends on fluid, temperature, safety factors, and pipe construction).
Reinforced Thermoplastic Pipe (RTP) is a spoolable high-pressure pipeline system that blends high-performing materials with high-strength reinforcements in a novel structure. This design is ideally suited to a wide range of applications. RTP has been primarily used in the upstream oil and gas industry for a variety of applications including oil collection, gas gathering, water injection, and water disposal. In Canada, RTP has also been deployed in eleven gas distribution applications.
Global Thermoplastic Pipe Market Key Players:
• Technip
• Advanced Drainage Systems Inc.
• Chevron Phillips Chemical
• Airborne Oil & Gas B.V.
• Georg Fischer Piping Systems Ltd.
• Simtech, Inc.
• National Oilwell Varco, L.P.
• Prysmian S.p.A.
• IPEX Inc.
• Aetna Plastics Corporation.
• Wienerberger
• Shawcor
• PES.TEC
• Saudi Arabian Amiantit
• Uponor Corporation
• KWH Pipe
• Cosmoplast
• AGRU Kunststofftechnik Gesellschaft M.B.H
• FRANK GmbH
• Finolex Industries Ltd.
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Global Thermoplastic Pipe market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Global Thermoplastic Pipe industry.
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Global Thermoplastic Pipe Market Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Global Thermoplastic Pipe market in these regions.
COVID-19 Impact Analysis on Global Thermoplastic Pipe Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Global Thermoplastic Pipe market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Global Thermoplastic Pipe Market Report are:
- What will be the CAGR of the Global Thermoplastic Pipe market during the forecast period?
- Which segment emerged as the leading segment in the Global Thermoplastic Pipe market?
- Which are the prominent players in the Global Thermoplastic Pipe market?
- What will be the Global Thermoplastic Pipe market size by 2027?
- Which company held the largest share in the Global Thermoplastic Pipe market?
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