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Thermoplastic Pipe Market Future Outlook, Trends & Forecast Analysis (2024-2032)
Thermoplastic Pipe Market Size Was Valued at USD 3.70 Billion in 2023, and is Projected to Reach USD 5.40 Billion by 2032, Growing at a CAGR of 4.30 % From 2024-2032. The thermoplastic pipe market deals with pipes manufactured from polymers as the raw material including polyethylene PE, polypropylene PP; polyvinylidene fluoride PVDF and poly amides PA
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Description
Thermoplastic Pipe Market Synopsis:
Thermoplastic Pipe Market Size Was Valued at USD 3.70 Billion in 2023, and is Projected to Reach USD 5.40 Billion by 2032, Growing at a CAGR of 4.30 % From 2024-2032.
The thermoplastic pipe market deals with pipes manufactured from polymers as the raw material including polyethylene PE, polypropylene PP; polyvinylidene fluoride PVDF and poly amides PA. These pipes are flexible, corrosion resistant and lightweight, used for many Industrial and Commercial uses such as in Oil & gas, Water & wastewater and mining.
Growing application of thermoplastic pipes in the oil and gas industries is one of the most influential factors affecting the market. These pipes are used in the offshore and onshore processes because of their high-pressure tenacity, corrosion resistance, and flexible structures in unfavourable environment. This has shown that the energy sector has encouraged the use of thermoplastic pipes through increased energy consumption and exploration worldwide.
Advancements in the polymer science have improved the mechanical properties of thermoplastic pipes and have encouraged their use in numerous applications. Enhancements in thermal stability, mechanical properties, and chemical resistance of these pipes have made them suitable for demanding service applications, including chemical carrying as well as renewable energy systems. They also aid particular industries in cutting operational expenses like maintenance and enhance their operations.
Thermoplastic Pipe Market Trend Analysis:
Focus on Sustainable Solutions
One of the noteworthy trends observed in the thermoplastic pipe market is in the increasing application for water and wastewater application. As we witness the processes of urbanization and industrialization there appears a growing demand as regards the use of highly resilient and efficient systems of piping and water treatment. A thermoplastic has a vast application in pipelines because it is relatively cheaper, has an inexpensive lifecycle cost, is not susceptible to corrosion, and is easy to install.
Currently the market is trending eco friendly and recyclable wrought and casting materials. Manufacturers are now dedicating efforts towards the creation of pipes which are in a position to support sustainability initiatives such as reduced carbon footprint of thermoplastic polymers. This trend is especially observable in developed zones where there are legal requirements to observe environmental conservationist when constructing structures.
Expansion in Renewable Energy Projects
The Asia-Pacific region has the highest prospects for thermoplastic pipe market growth because of industrialization, urbanization and infrastructure projects in China, India, and Southeast Asia. Development of renewable energy, water management industry, and the oil & gas industry is expected to enhance the demand of thermoplastic pipes.
With increasing renewable energy projects such as the solar and wind farms thermoplastic pipes find a new market to tap into. These pipes are also used in an enhancing cable guards and fluid conveyance in renewable energy structures; this increases the market demand for pipes as countries global over increase the pace towards green power.
Thermoplastic Pipe Market Segment Analysis:
Thermoplastic Pipe Market Segmented on the basis of Type, Application, End-User, and Region.
By Type, Polyethylene (PE) segment is expected to dominate the market during the forecast period
The thermoplastic pipe market is categorized by product type into PE (Polyethylene), PP (Polypropylene), PVDF (Polyvinylidene Fluoride), PA (Polyamide), and others. Among these, PVC, PE, and PP are the most widely used due to their affordable cost, corrosion resistance, and ease of installation. These materials are particularly common in water supply systems, drainage, and general industrial piping. Meanwhile, PVDF and PA are premium-grade thermoplastics valued for their exceptional chemical resistance, mechanical strength, and thermal stability, making them ideal for specialized applications such as chemical processing, aerospace systems, and high-performance fluid transfer. This product segmentation enables thermoplastic pipes to serve both cost-sensitive projects and technically demanding environments with tailored material solutions.
By Application, Oil & Gas segment expected to held the largest share
By application, the oil and gas sector is expected to dominate the thermoplastic pipe market due to its heavy reliance on pipeline infrastructure for offshore drilling, production, and transport of hydrocarbons. Thermoplastic pipes are particularly advantageous in these applications because of their resistance to corrosion, light weight, and flexibility, making them suitable for harsh marine and underground conditions. Additionally, other sectors like water and wastewater management are gaining prominence due to increasing urbanization, aging infrastructure, and stricter environmental regulations. Thermoplastic pipes are also finding growing use in mining and dredging, utilities, renewables, and chemical industries, as they offer low maintenance and high performance across diverse environments, thereby expanding their market reach.
Thermoplastic Pipe Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
The largest consumption of thermoplastic pipes is observed in North America, which occupies about 30% of the global consumption. This dominance can be attributed to the well-established oil & gas industry in the region, large infrastructure spending and high levels of technology charter. In the United States especially, a key priority has been on using thermoplastics as a substitute for carbon steel pipes in energy and water management industries.
Also, North America puts much value on environmental standards and impacts as well as seeking ways to minimize expense linked to maintenance in industrial processes which makes thermoplastic pipe ideal for use. The importance towards attaining energy security and the discovery of the shale gas reserves has also boosted the market growth in the region.
Active Key Players in the Thermoplastic Pipe Market:
Advanced Drainage Systems (United States)
Baker Hughes (United States)
Chevron Phillips Chemical Company (United States)
Georg Fischer Piping Systems (Switzerland)
IPEX Group (Canada)
Mexichem (Mexico)
Prysmian Group (Italy)
Solvay (Belgium)
TechnipFMC (United Kingdom)
Uponor Corporation (Finland)
Other Active Players
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Thermoplastic Pipe Market by Type
4.1 Thermoplastic Pipe Market Snapshot and Growth Engine
4.2 Thermoplastic Pipe Market Overview
4.3 Oral Thin Film
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Oral Thin Film: Geographic Segmentation Analysis
4.4 Sublingual Thin Film
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Sublingual Thin Film: Geographic Segmentation Analysis
4.5 Buccal Thin Film
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Buccal Thin Film: Geographic Segmentation Analysis
4.6 Transdermal Thin Film
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Transdermal Thin Film: Geographic Segmentation Analysis
Chapter 5: Thermoplastic Pipe Market by Application
5.1 Thermoplastic Pipe Market Snapshot and Growth Engine
5.2 Thermoplastic Pipe Market Overview
5.3 Pain Management
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Pain Management: Geographic Segmentation Analysis
5.4 Smoking Cessation
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Smoking Cessation: Geographic Segmentation Analysis
5.5 Nutraceuticals
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Nutraceuticals: Geographic Segmentation Analysis
5.6 Anti-Infective
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Anti-Infective: Geographic Segmentation Analysis
5.7 Other Applications
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Other Applications: Geographic Segmentation Analysis
Chapter 6: Thermoplastic Pipe Market by End User
6.1 Thermoplastic Pipe Market Snapshot and Growth Engine
6.2 Thermoplastic Pipe Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Clinics: Geographic Segmentation Analysis
6.5 Home Care Settings
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Home Care Settings: Geographic Segmentation Analysis
6.6 Other End Users
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Other End Users: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Thermoplastic Pipe Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ADVANCED DRAINAGE SYSTEMS (UNITED STATES)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 TECHNIPFMC (UNITED KINGDOM)
7.4 GEORG FISCHER PIPING SYSTEMS (SWITZERLAND)
7.5 BAKER HUGHES (UNITED STATES)
7.6 CHEVRON PHILLIPS CHEMICAL COMPANY (UNITED STATES)
7.7 PRYSMIAN GROUP (ITALY)
7.8 UPONOR CORPORATION (FINLAND)
7.9 SOLVAY (BELGIUM)
7.10 MEXICHEM (MEXICO)
7.11 IPEX GROUP (CANADA)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Thermoplastic Pipe Market By Region
8.1 Overview
8.2. North America Thermoplastic Pipe Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Oral Thin Film
8.2.4.2 Sublingual Thin Film
8.2.4.3 Buccal Thin Film
8.2.4.4 Transdermal Thin Film
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Pain Management
8.2.5.2 Smoking Cessation
8.2.5.3 Nutraceuticals
8.2.5.4 Anti-Infective
8.2.5.5 Other Applications
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospitals
8.2.6.2 Clinics
8.2.6.3 Home Care Settings
8.2.6.4 Other End Users
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Thermoplastic Pipe Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Oral Thin Film
8.3.4.2 Sublingual Thin Film
8.3.4.3 Buccal Thin Film
8.3.4.4 Transdermal Thin Film
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Pain Management
8.3.5.2 Smoking Cessation
8.3.5.3 Nutraceuticals
8.3.5.4 Anti-Infective
8.3.5.5 Other Applications
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospitals
8.3.6.2 Clinics
8.3.6.3 Home Care Settings
8.3.6.4 Other End Users
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Thermoplastic Pipe Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Oral Thin Film
8.4.4.2 Sublingual Thin Film
8.4.4.3 Buccal Thin Film
8.4.4.4 Transdermal Thin Film
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Pain Management
8.4.5.2 Smoking Cessation
8.4.5.3 Nutraceuticals
8.4.5.4 Anti-Infective
8.4.5.5 Other Applications
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospitals
8.4.6.2 Clinics
8.4.6.3 Home Care Settings
8.4.6.4 Other End Users
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Thermoplastic Pipe Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Oral Thin Film
8.5.4.2 Sublingual Thin Film
8.5.4.3 Buccal Thin Film
8.5.4.4 Transdermal Thin Film
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Pain Management
8.5.5.2 Smoking Cessation
8.5.5.3 Nutraceuticals
8.5.5.4 Anti-Infective
8.5.5.5 Other Applications
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospitals
8.5.6.2 Clinics
8.5.6.3 Home Care Settings
8.5.6.4 Other End Users
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Thermoplastic Pipe Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Oral Thin Film
8.6.4.2 Sublingual Thin Film
8.6.4.3 Buccal Thin Film
8.6.4.4 Transdermal Thin Film
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Pain Management
8.6.5.2 Smoking Cessation
8.6.5.3 Nutraceuticals
8.6.5.4 Anti-Infective
8.6.5.5 Other Applications
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospitals
8.6.6.2 Clinics
8.6.6.3 Home Care Settings
8.6.6.4 Other End Users
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Thermoplastic Pipe Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Oral Thin Film
8.7.4.2 Sublingual Thin Film
8.7.4.3 Buccal Thin Film
8.7.4.4 Transdermal Thin Film
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Pain Management
8.7.5.2 Smoking Cessation
8.7.5.3 Nutraceuticals
8.7.5.4 Anti-Infective
8.7.5.5 Other Applications
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospitals
8.7.6.2 Clinics
8.7.6.3 Home Care Settings
8.7.6.4 Other End Users
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
Q1: What would be the forecast period in the Thermoplastic Pipe Market research report?
A1: The forecast period in the Thermoplastic Pipe Market research report is 2024-2032.
Q2: Who are the key players in the Thermoplastic Pipe Market?
A2: Advanced Drainage Systems (United States), TechnipFMC (United Kingdom), Georg Fischer Piping Systems (Switzerland), Baker Hughes (United States), Chevron Phillips Chemical Company (United States), Prysmian Group (Italy), Uponor Corporation (Finland), Solvay (Belgium), Mexichem (Mexico), IPEX Group (Canada) and Other Active Players.
Q3: What are the segments of the Thermoplastic Pipe Market?
A3: The Thermoplastic Pipe Market is segmented into By Type, By Application, By End-User and region. By Type, the market is categorized into Polyethylene (PE), Polypropylene (PP), Polyvinylidene Fluoride (PVDF), Polyamides (PA), Others. By Application, the market is categorized into Oil & Gas, Water & Wastewater, Mining & Dredging, Utilities & Renewables, Chemicals. By End-User, the market is categorized into Industrial, Commercial, Residential. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Q4: What is the Thermoplastic Pipe Market?
A4: The thermoplastic pipe market deals with pipes manufactured from polymers as the raw material including polyethylene PE, polypropylene PP; polyvinylidene fluoride PVDF and poly amides PA. These pipes are flexible, corrosion resistant and lightweight, used for many Industrial and Commercial uses such as in Oil & gas, Water & wastewater and mining.
Q5: How big is the Thermoplastic Pipe Market?
A5: Thermoplastic Pipe Market Size Was Valued at USD 3.70 Billion in 2023, and is Projected to Reach USD 5.40 Billion by 2032, Growing at a CAGR of 4.30 % From 2024-2032.
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